Datamatics Clean BreakoutNSE: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.
Charttrading
Bosch Breakout AttemptNSE:BOSCHLTD looks very good on monthly charts. Bosch is a bit complex because the ticket size is big and therefore, price movements can be erratic. So if the chart shows a clean breakout above current levels (20,700) one can go long while maintaining the current level as stop loss.
Triangle pattern breakout in L&T TECHL&T TECHNOLOGY SERVICES
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4205+.
✅Can Go short in this stock by placing a stop loss below 3880-.
Zydus Wellness Ltd LongWe have observed formation of bullish pattern in daily time frame. Even though , Market is showing bearishness, in shorter time frame ; stock straight goes from 1396 to 1511.
I am suggesting buy on dip strategy in this stock. The buying range is around 1400-1500. The immediate target is 1750. The stock is having strength to go much higher than 1750.
Due to weak global cues, anyone can buy this stock with at least six month time frame horizon.
Triangle pattern breakdown in MINDTREE.In 30Min timeframe MINDTREE stock has given breakdown to triangle pattern with a breakdown entry below 3415- there are chances of going up to their Short target of 3250+.
