Chartoftheweek
Entry available in Trending Stock!!!!As, the title says entry available in trending stock GREENPANEL, yes as the chart shows
whenever it takes support on 20 weekly moving average it makes new high after which it shows
it's rocket move.
And, now is that time to enter for rocket move also MACD histogram has turn positive which indicates
the up move pending in near future.
Potential Breakout in Brigade !!!!Brigade is giving consolidation breakout of more than 4 months above 505 on weekly basis,
after a strong uptrend and now it seems that it can resume its uptrend again.
RSI is also showing strength and breaching above a bullish signal.
Though, MACD is not showing signal but it's likely to show positive histogram in next week,
but if you are conservative trader you can wait till then.
Awaiting Breakout in Symphony!!!! Symphony had given a much awaiting breakout above 1090 which it has tested earlier
two times but faced resistance but now with rising volume it has significantly crossed the level.
Also double bottom is visible which is a reversal pattern and now its a conformation of that.
Both RSI and MACD are showing positive signs and supporting the up move.
In short term 1250 could be seen but in larger time frame 1380 is possible.
#Enjoy_trading
'PICKS FOR WEEKS' !!!!Hello traders,
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'Picks for weeks' is a new series where you would get some awesome breakout picks every Sunday,
which could give handsome return in coming weeks.
All picks given are on basis of potential breakouts.
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1. NSE:MAITHANALL :- It has given a range breakout of 7 months after formation
of a huge cup pattern, already it was in strong uptrend which was at halt and now it can resume its uptrend again.
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2. NSE:AVADHSUGAR :- It has given a breakout from 'N' pattern after retesting its
previous breakout level, also overall sugar sector is in strong bull run which could provide it extra benefit.
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3. NSE:GAEL :- It has given a breakout of rising trendline, where it was facing resistance
for many times also it has given retracement earlier which confirms its strength.
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#Enjoy_trading.
Tremendous Breakout in Maithan Alloys !!!!Maithan alloys has given a breakout from a strong consolidation of 7 months,
also we can consider it as breakout a cup also because it hasn't achieved the target of
the cup it has formed till now, but could achieve in recent times .
Strong bull run in this stock is visible which was at halt for time being but now
resumed the uptrend again.
Massive breakout in Excel Industries !!!!Huge cup and handle pattern breakout in Excel Industries with rising MACD
histogram and RSI, also it has crossed previous congestion zone with massive volume
in such a bearish market with indicates its huge buying interest.
Accumulate near breakout zone, don't hurry because market is highly volatile, I am estimating that it can soon see
levels of 1700-1800.
EVERGREEN Stocks _ available at "Nothing to loose Zone" !!!!Here are some evergreen stocks which are 25% yearly compounder for last 10yrs with strong fundamentals and available near strong support zone .
-: NSE:PIDILITIND - available @2370 and strong support around 2250-2300 .
-: NSE:BERGEPAINT - available @685 and strong support around 650-680 less than 30 rupees risk.
-: NSE:MINDTREE - available @3785 and strong support around 3550-3500 .
-: NSE:ABBOTINDIA - available @17380 and strong support around 16000-16300 .
-: NSE:HONAUT - available @40360 and strong support around 38000-40000 .
-: NSE:RELAXO - available @1222 and strong support around 1130-1160 .
-: NSE:VINATIORGA - available @1860 and strong support around 1780-1730 .
-: NSE:ALKYLAMINE - available @2982 and strong support around 2950-2800 hardly 100 rupees risk.
-: NSE:APLLTD - available @725 and strong support around 660-720 less than 50 rupees risk.
-: NSE:HLEGLAS - available @5400 and strong support around 5300-5000 less than 4% risk.
-: NSE:SUPPETRO - available @665 and strong support around 600-620 .
-: NSE:HCLTECH - available @1130 and strong support around 1045-1080 .
These all are investment grade stocks which will surely compound your capital more than 25%.
"HAPPY INVESTING"
EVERGREEN Stocks _ available at "Nothing to loose Zone" !!!!Here are some evergreen stocks which are 25% yearly compounder for last 10yrs with strong fundamentals and available near strong support zone .
-: NSE:PIDILITIND - available @2370 and strong support around 2250-2300.
-: NSE:BERGEPAINT - available @685 and strong support around 650-680 less than 30 rupees risk.
-: NSE:MINDTREE - available @3785 and strong support around 3550-3500.
-: NSE:ABBOTINDIA - available @17380 and strong support around 16000-16300.
-: NSE:HONAUT - available @40360 and strong support around 38000-40000.
-: NSE:RELAXO - available @1222 and strong support around 1130-1160.
-: NSE:VINATIORGA - available @1860 and strong support around 1780-1730.
-: NSE:ALKYLAMINE - available @2982 and strong support around 2950-2800 hardly 100 rupees risk.
-: NSE:APLLTD - available @725 and strong support around 660-720 less than 50 rupees risk.
-: NSE:HLEGLAS - available @5400 and strong support around 5300-5000 less than 4% risk.
-: NSE:SUPPETRO - available @665 and strong support around 600-620
These all are investment grade stocks which will surely compound your capital more than 25%.
"HAPPY INVESTING"
EVERGREEN Stocks _ available at "Nothing to loose Zone" !!!!Here are some evergreen stocks which are 25% yearly compounder for last 10yrs with strong fundamentals and available near strong support zone.
-: NSE:PIDILITIND - available @2370 and strong support around 2250-2300.
-: NSE:BERGEPAINT - available @685 and strong support around 650-680 less than 30 rupees risk.
-: NSE:MINDTREE - available @3785 and strong support around 3550-3500 .
-: NSE:ABBOTINDIA - available @17380 and strong support around 16000-16300.
-: NSE:HONAUT - available @40360 and strong support around 38000-40000.
-: NSE:RELAXO - available @1222 and strong support around 1130-1160 .
-: NSE:VINATIORGA - available @1860 and strong support around 1780-1730 .
-: NSE:ALKYLAMINE - available @2982 and strong support around 2950-2800 hardly 100 rupees risk.
-: NSE:APLLTD - available @725 and strong support around 660-720 less than 50 rupees risk.
-: NSE:HLEGLAS - available @5400 and strong support around 5300-5000 less than 4% risk.
-: NSE:SUPPETRO - available @665 and strong support around 600-620
These all are investment grade stocks which will surely compound your capital more than 25%.
"HAPPY INVESTING"
Fine Organics (Chart of the Week: 26/02/2022)Fine Organics has given a breakout at All Time High even in this market. Keep a stop loss at 4088 and go long in this counter. Giving targets at this stage look premature due to the current situation in the market. However, one can expect decent gains in the medium term (~3 months) if the current levels are held.