The stock has made bottom on 16th October and given 3 days big rally i.e. we can consider short term trend change. After that stock was trading in 24 days consolidation zone and today it has given breakout to the same. The stock is trading below 200 DMA but it is looking good for the short term.
We can buy HEG from current levels for targets of 1200/1250/1300...
Infosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests...
After 10 weeks of consolidation, Mindtree looks to break down from the range. However, it would be better to wait for a daily close below 964 for confirmation. Noticeable supports are at respective Fibonacci levels and a rising trendline.
KTKBANK is consolidating between 130<>138 for more than a week, we'll look for trades on either sides
Entry : Long Abv 138 <=> Short Blw 130 Range
Stoploss : 5% (Closing Basis)
Basic Target: 10%
if you have any queries regarding above idea or any other stock feel free to D'M
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FB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential.
Profit Target 215$, Stop loss 165$
2:1 reward : risk ratio
NSE: Varun Beverages One more attempt for Breakout .
Since July 31 till Jan 15, Stock was oscillating between 670 to 829
Flat consolidation with 2 attempt for breakout
Stock is consolidating near 829 level since last few days, might be one more attempt for breakout
Possible Long after close on daily chart above 830 for a target of 873 and 920 in short term.
Range consolidation has been happening in the past 4-5 month, which was breached.
The breach was tested again and found a support at consolidation trend line.
Currently, hovering in Breakout/Reversal Zone (defined by nearest pivot at those levels)
If breakout, the next immediate target could be next pivot at 218.
If reversal, the consolidation trend line might be...
CONCOR has been consolidation in 150 point range for the past four months. There is also Elliott Wave pattern formation on weekly chart.
Stock needs to give breakout above 1425 with volume for it to start its upward 5th wave.
HDFC has been in a nice long term uptrend trending above 200 EMA, and is just given 13,62 EMA Crossover.
Also the price has broken up from a consolidation zone and confirmed a double bottom.
Long position may be initiated above 1737 with a target of 1800 and SL 1725
After a rising window , price consolidated for a couple of weeks , and then a nice breakout , which coincided with the down sloping trendline and the 50 EMA. Longs may be initiated for a swing target of 180 with a stoploss around 153.Also the price has crossed its 200 EMA , though closed below it.
#BHEL has given breakout above 95 on weekly chart after long consolidation. RSI is also rising & volume also more with breakout. Downside looks limited to 85.5 & upside level is 115-120.
