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: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.
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...
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.
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
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
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.
IIFL has given dual breakout from Double bottom and
Double top pattern above 360.
IIFL has finally given breakout above 360, after two
attempts i.e. Double top breakout with buzzing volume.
IIFL has also formed Double bottom pattern whose breakout
also came above 360 which is a strong bullish sign.
Both RSI and MACD is showing strength,
RSI breached above...