Monthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock.
We have seen an ATH breakout already and a consolidation/retracement is bound to happen.
The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105
Keep this stock in your watchlist. For investment,...
Chalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline.
A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head.
SL is deep...
INDUSIND BANK has broken out of its 5 year old downtrend line showing big buyers coming in the stock , retest of support is also done and the stock has formed a good inside bar candle in monthly time frame . Any breakout above the inside bar candle range will be a confirmation of upcoming rally in the stock , ie levels of 1180 , one can go long above this range if...
VETO:- at weekly strongly breakout with good volumes and also retest
keep on the radar. buy at current level
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get...
NSE:INFY is one the leading IT consultancy company which does not need any description. Infy recently broke 1360 levels. Investors might add this scrip in their portfolio at current levels. Also one can average out if we see 1300 levels.
No chart patterns are favourable
Nothing so called trend reversal
This is an effect of unfavourable market conditions
one can plan to buy above 106.80 as you can see we will get double confirmation of trendline and cup and handle pattern .
hope you liked it.
keep it simple
Disclaimer : we are not SEBI registered .all the content if for educational purpose only.
SBI Life is a great stock in insurance sector. It has been beaten down due to the bearishness in global market. Whenever the global trend turns positive, we can expect SBI life to make significant up move, till then is can be bought in small quantities for long term.
Bajaj Finance can be bought at the marked level with long term view as it is fundamentally a strong stock which has the capability of doubling the money every 5 years. Expecting an reversal from the marked zone (i.e. 5910 - 6000)
I just started doing analysis, do comment if it lacks some learnings.
Tata Power has been In a bearish trend for the past couple of weeks. As the markets are also bearish, hold Tata Power for the long term as it gonna blast if it closes above the trend line breaking its bearish trend. Adopt buy on dip strategy and hold for the long term.
Buy HDFC Bank at 1545
Targets 1600, 1670++. Trail SL to avoid loss.
Small SL Below 1520 on closing basis
For Options and Big Capital Traders: Puts can be sold or At The Money Bullish Spreads can be created. Incase Sold Puts go in the money then settle by taking delivery of this stock.
PS: This is a good long term stock and can be accumulated at these...