Ashok Leyland has been hovering around 100 zone for a while now. In fact it's a long term support/resistance zone and a psychological number as well. Looks like the stock has finally broken out of the 100 zone with volume. Long trade can be initiated with stop on closing below 100.
Shanghai Composite is trading in a range for the last six months since the previous break in early July 2020. The price action last week was bullish and index may finally break out on the bullish side of the channel.
COALINDIA has broken out of its downward channel and is one of the last stocks to recover from the March Covid-19 fall. RSI has reached overbought conditions which indicates strength. The stock is likely to reach 38.2 Fib retracement and psychological zone of 150, crossing which 61.8 Fib retracement of 175 would be the next potential target.
THE STOCK IS IN VERY BULLISH TREND MAKING HUGHER HIGHS THE STOCK HAS GIVEN A BULLISH CUP AND HANDLE PATTERN AND ROUNDING BOTTOM PATTERN BREAKOUT ON DAILY TIME FRAME THE VOLUMES ARE SUPPORTIVE AND THE INDICATORS TOO ACCUMULATE AT CMP OR ANY DIP NEAR 335 WOULD BE BEST ENTRY TARGETS:- 370, 434, AND 520 SL:- 260 ON CLOSING BASIS
Bullish Wolfe Wave. Now in final Wave 4-5 Expecting the upside move to continue for more
NSE:WIPRO Hi Traders, WIPRO remained range-bound throughout month and form bullish breakout on September 11. It can be face resistance on 301.60 , if it close above it, momentum will be continue and try to hit our target. Entry and target level on...
NSE:COFORGE Hi Traders, COFORGE remained range-bound throughout month. It made new high with bullish breakout and volume on September 11. Now momentum will be continue and try to hit our target. Entry and target level on chart. ********************************************************************************************************************************** If...
Cup and Handle formation is clearly visible on weekly and daily chart. Daily chart is on breakout and today's close above 123 will confirm it. Buying cab be done around 122-123 level with stop loss below 110 (closing) for target 135 -150 - 180. Global shortage in sugar could be the reason for move in sugar stocks but shortage is majorly contributed by Indian...
APOLLOHOSP has broken its recent downtrend line and closed above the line. Signifying renewed interest in the stock coming in as volumes are double and the PA covered previous 3 days downfall. Buy APOLLOHOSP Above 1029 for Target 1 of 1059 and Target 2 of 1086 with Stop-loss on closing basis of 1015. Please consult your Financial advisor before taking a call on this.
After being locked in a range of 1140-1260 for more than a month, Tata Elxsi NSE:TATAELXSI has finally broken on the upside yesterday. I can see that it formed a large bullish candle with good volume yesterday. Good opportunity to buy here with stop loss a few points below 1260 for another cycle of upmove. Disclaimer: Views expressed here are my own, and...
Happy Monday Guys, As I always say - only we the traders welcome Monday with happiest smile :) Atleast I do, bcos we are getting back to what we love to do. So here we have bullish run in IGL then wedge kinda broadening formation, then breakout to upside, so longs are wise in IGL, towards the target of 1200's -1180's zone. Check what's your risk before entering,...
The stock has broken above the 200 dma and the bear channel by forming a pretty bullish candle. It could be worth entering the stock in small amounts and then perhaps add a little more on the pull back. The stop can be below the 200 dma on closing basis