Stock has given a good bullish breakout (on all time frames) from a 5-year long trading channel with high volumes and positive RS.
Looking for a good upside potential for a mid to long term view till RS sustains above zero line.
Momentum in tech stocks will be a good supporting factor to bring a good rally.
Discliamer: Take this view for educational purpose....
As we can see in the chart Nifty's recovery from the bottom was range-bound and before every up move, it consolidates and will shoot up. As of today's End of the day chart marked inside a rectangular box, Nifty consolidated for the last 4 sessions and ended up at day high. Nifty has strong support at 10740-750 region below that very strong support at 10690.
Titan in Descending Channel.. It will give breakout in either direction. As it has in buying zone it may give dip to around 940 levels and after that it may bounce back. as it has fallen more than 10% in last few trading sessions. If you closely look at chart you will find it is in accumulation zone. it is consolidating at bottom Chances are high that it will go...
Idea (now Vodafone Idea) has been one of the biggest price losers in the Indian bourses. The script came down from price levels of 125 to almost 3.5. If we were to look at the long term chart (Monthly or Weekly), we can see that the price has broken out of a downward channel and as long as that level is defended, there can be significant upside for the stock. With...
AXIS BANK BEARISH CHANNEL BROKEN
-FIRST SIGN "INSIDE BAR BREAKOUT"
-CONFIRMATION WILL COME ONLY AFTER A CLOSE ABOVE 402
-ONCE ACHIEVED OPENS TARGET TOWARDS 435-470
-STOP WOULD BE AROUND 380 ONLY AFTER A BREAK ABOVE 402
-"BUY ON BREAKOUT" RECOMMENDATION