The stock gave a strong breakout and then pulled back on low volumes. Looks ready to restart its upward journey after a good 5 months consolidation. A close above 290 will be positive.
The stock has been trapped in a channel for a long time. So wait and trade the breakout at these levels :- Buy above 305 Sell below 298.9 Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and...
Adani Ent peaking above the Rectangle consolidation, a break of today's high will be a good entry point to target a 3X reward on the Risk
ICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation. Stock is in short term uptrend above 380. There is high resistance at 390 and 415. Suggest to book partial profit at these levels if you have positioned it at below levels. If there is good momentum in NIFTY and BANK NIFTY and if it sustains above...
Adanient was consolidating in a range and gave closing above resistance area , looks good above 311 levels for the targets of 322
PRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE. BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW. IF YOU...
487.5 IS AN IMPORTANT LEVEL TO CONSIDER FOR BHARATFORGE AS IT ACTED AS A SUPPORTED IN THE PAST. NOW THE SAME LEVEL IS ACTING AS RESISTANCE . WATCH OUT FOR A STRONG CLOSE ABOVE 487.5 BEFORE ENTERING A LONG POSITION. ALSO REMEMBER THAT ALL DEFENCE STOCKS CAN BE BULLISH FROM HERE Look at the charts and make an informed decision. Thank You Happy...
HCLTECH Break Consolidation of 13 days and Sustain above this level so we can add in over Buy watch list. Entry Price: 730 Stop loss:677 Target:784 DISCLAIMER : This recommendation is for educational purpose only, consult with your investment advisor before initiating any trade.
The stock is consolidating since 30th July that is for about 35 trading sessions and has taken strong support at 200 ema levels. Breakout is about to be seen. Buy only when the stock breaks the trend line. Levels mentioned in the chart.
This stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and...
I AM not sure on any TREND INDICATOR because its in consolidation, its has a chances of making DOUBLE BOTTOM!!
After a Bull run stock started consolidating at higher levels and now ready to go for new highs. Today's closing (near high of the day) and volume indicating some big interest in the stock. Once stock moves past 315 it should be ready to reach 350 levels. Keep an eye folks ..... Disclaimer: i am not SEBI registered. Please trade with your own risk.
NSE:WIPRO Action - Buy Wipro LTP 303.20/-Rs Year Long consolidation Breakout at 301.670/-Rs with above Avg Volumes Disclaimers: - The contents produced here are purely for Educational Purposes. They Should Not Be Constructed as Buy/Sell...
After a terrific upmove in june month, stock has gone through a good consolidation phase and has given clear breakout with decent volumes and RSI showing some great strength. Also cup and handle formation at the top gives dual confirmation for the setup. One can expect good returns in short to mid term. Disclaimer: Take this view for educational purpose....
IRCTC is poised to give good returns with good risk to reward ratio as the setup looks good. A clear breakout from an ascending triangle pattern and a good consolidation since last 2 months. Breakout is supported by good volumes and RSI showing the charge of bulls. One can expect good returns in near short to mid term. Disclaimer: Take this view for educational...
A rounding pattern followed by a consolidation near resistance zone above 200 ema and then all the volumes generating suddenly suggests some heavy interest. Keep an eye Folks might be a flyer.
Weekly Trend - UP Daily Trend - UP Possible Flag pattern breakout @120 - Good narrow range consolidation for 7 trading sessions View - LONG @ 120 SL - 115 TGT 1 - 128 TGT 2 - 138