Consolidation-breakout
GUFIC BIOSCIENCES DAILY CHART ANALYSIS AS ON 26.12.2021GUFIC BIOSCIENCES as per daily chart analysis the stock on 24.12.2021 has broken the consolidation zone. Stock above 224 level for a target 230 level and resistance is at 232 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
ISGEC HEAVY ENGINEERING DAILY CHART ANALYSIS AS ON 26.12.2021ISGEC HEAVY ENGINEERING as per daily chart analysis after a brief consolidation the stock has broken consolidation and also the resistance 641 level. Stock above 660 level for a target 680 level and resistance is at 709 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
EVEREST INDUSTRIES DAILY CHART ANALYSIS AS ON 26.12.2021EVEREST INDUSTRIES as per daily chart analysis the stock was in consolidation zone and 24.12.2021 it has broken the consolidation zone and stock above 480 for a target 490 level. Resistance is at 500.
Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
MARAL OVERSEAS DAILY CHART ANALYSIS AS ON 26.12.2021MARAL OVERSEAS as per daily chart analysis is in brief consolidation and on 24.12.2021 it has formed strong bullish candle and broken the resistance 98 level. Above 99 for a target 101. Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
Minda Corporation Trade Setup For TomorrowAs you can see in the chart, Minda Corporation done the v shape recovery and after some consolidation.
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Stock has made a strong green candle now for tomorrow,
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If stock goes above 158, you can buy this trade for the target of 162.
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Note: Be cautious if market is negative, avoid the trade.
COFORGE TRADE SETUP FOR TOMORROWAs you can see in the chart, COFORGE is consolidating from last so many days,
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Today the stock has given the breakout, so for tomorrow if stock goes above 5490, you can buy this trade for the target of 5600,
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You can see in the chart stock has made the same pattern in the previous day's.
Consolidation Breakout with Relative strength analysisNewgen soft is in a range of consolidation for last 5 months, a good breakout above 645 with volumes will give a long entry.
Relative strength is above 0 and we will wait for the value to come above 0.10 for more strength
RSI is bullish above 60 in daily time frame
STATE BANK OF INDIA Daily Chart Analysis 08.12.2021STATE BANK OF INDIA as per Daily chart analysis after completion of a Triangle Patttern. The stock was in brief consolidation on the daily chart. Today the Stock has broken the consolidation zone. Stock Monthly and weekly Candle is bullish. Above 492 level for Target 501 Level.
ICICI BANK Weekly Chart Pattern Analysis 08.12.2021ICICI BANK as per weekly chart analysis today in the daily chart with a gap up it has broken the consolidation zone and in the uptrend momentum. Once it breaks 766 level then the stock target 800 level achievable.Before that there could be a consolidation as per weekly chart and lets see whether this time the stock consolidates or moves up to target.
HINDUSTAN ZINC Daily Chart Analysis 08.12.2021HINDUSTAN ZINC as per daily chart analysis first target of 360 above 351 level today achieved and the second target is 390 level. With the company giving interim dividend of 18rs per share. The stock should find a momentum up upto ex dividend date December 15 2021.