FORTIS | Excellent breakout after 183 weeks of consolidation - Now retraced little bit heavily towards the breakout zone.
CMP : 166
SL : 155
Target : 220
1:5+ risk reward setup.
BANKNIFTY | Strong Flag formation - Hope to see 32500 in a week time. Lets see what triggers BANKNIFTY to reach the target 🙂
CMP : 31200
SL : 31000 (But strong support @ 30935)
Target : 32500
HINDPETRO | Promising consolidation - Looks good for 50% - Big move above 232 zone.
Making of W pattern
Consolidating in Flag
CMP : 220
SL : 200 (Just for this position)
Target : 330
1:5 risk reward setup
Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
Possible targets:
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
That is
2) 68,500.
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Educational Purpose Only.
HDFCBANK | Flag & Trendline breakout and retesting the zone - Lets see if we can capture a 15-20% (Pole length)
CMP : 1466
SL : 1410
Target : 1600,1750
BATAINDIA | Good consolidation getting ready for next move
CMP : 1575 ((RSI is weak, so buy just 60% now, remaining at 1540 level but until 1480 there is no risk at all)
SL : 1450
Target : 1850
1:3 risk reward setup
COROMANDEL | Breakout after 135 days consolidation, simple channel breakout. Also looks Flag in weekly time frame.
Looks good for 18%
CMP : 845
SL : 790
Target : 980
P.S : Ideal to enter near 840 zone for better risk reward, hope to see some retracement in a couple of days.
Cesc gave 1 Year old trend line breakout,
Possible target
1) 745
2) 850
Buy above 700
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
The stock is trading in the rising wedge pattern.
It has been consolidating in a very small range after touching the top of the wedge.
CMP: 1431
Target: 1460, 1540
