JKPAPER has given long time breakout on weekly chart, looking a good one, only for education purpose
NSE:DATAMATICS has given a clean breakout and a stop loss at 660 can be followed for this share. It should do well over the next few weeks. It went under a strong consolidation and is now on the up-move.
NSE:BBTC has given a monthly level breakout and looks very strong in its momentum. A stop loss at 1190 can be marked and one should expect new ALL TIME HIGH in this counter in the coming months.
NSE:LXCHEM has given a breakout and the stock looks very solid as the whole chemical pack is moving upwards. Keep target of 395 with a stop loss at 285. Clean breakout.
NSE:SYRMA looks very good and has given a clean breakout during a weak phase in the market. Keep stop loss at 490 and go long. Syrma SGS is an EMS company and focuses on Electronics Manufacturing and is also the beneficiary of the up-move in this sector.
NSE:PIIND PI Industries according to me is an investment grade stock and it has confirmed its breakout after showing a bit of scare last week. Hold for long term, Stop Loss can be at 3630.
Godfrey is in a Triangle formation and this is the chance to catch this stock on it support. Keep a stop loss at 1620 and expect targets of 2030 when the triangle is broken and the consolidation ends. Expect a very sharp move after breakout.
NSE:ROLEXRINGS has given a solid breakout and now one can go long in this position by keeping a stop loss at 2150. It gave an initial breakout and then took out the previous high which makes this breakout more interesting and strong.
IEX Share has broken down and may take support at 130 levels. However, the breakdown is due to fundamental issues and thus, one needs to take a closer look before jumping in. Coupling has been announced and this means that IEX will be hurt when it comes to price matchmaking. Even though IEX is more or less of a monopoly, margins might be under pressure due to new...
Tata Motors DVR consolidated for a very long time and even tested 100 Weekly EMA. It gave a breakout recently and one can keep a stop loss 235 and go long for new all time high.
Metro Brands is attempting a breakout and a solid close above 920 should initiate a buy with 920 being your stop loss.
Ceat has given its breakout and has sustained it. It is a big breakout and the slanting line was re-tested as well. Keep stop loss at 1600 and go long. Breakout on Monthly levels.
Datamatics has formed a Darvas Box and is attempting a breakout. A close above 360 would initiate a Buy and that level would then act as a stop loss. Keep a close eye for any positive movement. Long consolidation has happened and a solid breakout would ensure a good run in the stock going forward.
Bata India looks strong with a reversal in place. Keep the stop loss at 1390 with targets of 1600 and then 1650. Stock looks strong on technicals and has good relative strength at the moment.
LTTS looks like a very strong stock right now. It has ended its correction in a matter of 2 days. If it holds the current levels, one can go long with a SL at 4200 and Target at 5140.
Aster DM is standing at the door of breakout passing which, could witness a massive move. Inverse head & shoulder pattern which was under construction from 9 months is ready for a breakout. Indications which are suggesting breakout is volume buzzing and RSI breaching above 60. After, breakout levels up to 236 is possible but till then, keep a keen watch on it.
Borosil Renewable has given breakout after facing resistance near 750 for two times with record volumes. Huge volume is visible which means sudden change in sentiment of buyers which is supporting the breakout. RSI has also breached above 60 showing strength which is again a positive sign. Though, MACD has not shown conformation but it seems that on next...
As the title states , SHAREINDIA has steadily shown a breakout of cup and handle pattern with accumulating volume without facing much resistance at its neckline. RSI is also showing a uptrend with higher highs again a positive signal. MACD is also maintaining its strength.