GICHSGFIN : LTP 108.90 #POSITIONAL SL: 99
Reliance is showing weakness after a huge rally. Volume is almost falling on a daily basis with little to no price movement in scrip. The stock seems to have entered into the exhaustion phase & now consolidating itself because of profit booking. Please wait for the clear breakout either upwards or downwards. Any correction will cause a breakdown But Since Nifty...
SRF is currently trading at its resistance. If you notice the pattern of SRF, it gives breakout and goes sideways for several days, likewise if happens same this time, it should go sideways before giving a breakout. Momentum is strong.
This chart shows the consolidation of AMARAJABAT since the start of this month (august). So we expect either an up or downward move one it breaks the pattern. Wait for the breakout. Confirm it is clear breakout with volume . Buy with the help of technical indicators like macd , moving average, pivot points etc Or you could wait for a retracement and buy at...
Bharti Airtel has been in consolidation mode for weeks now, the big players are accumulating their long positions. Currently we're at the lower end of the flag channel ~560 Since we don't know how much longer it'll take for the upmove, we can use a BullPut Spread meantime to chow on Premium. A very strong support is present at 530 SELL AUG 550PE BUY AUG...
Indiabulls is gearing itself for a major breakout. Price is in consolidation zone after a major uptrend & volume consolidated after a decline. It has formed a Pennant structure & uptrend will continue once it breakout of the upper trend line. Major resistance at 235-238 levels. Entry would be above 238 once it breaks the resistance and upper trendline with heavy...
Airtel has been consolidating between 550 and 590 odd levels post the recent rally and is currently near the lower end of the consolidation range. Buy at current levels with strict stop loss placed between 548-550 ! Resistance is at around 592 levels!
The upper and lower trend lines on the 30 min chart are narrowing for BankNifty. Last week we saw that the range was very tight for the market and it proved to be a good consolidation period for the market, after the post-COVID volatility. The price right now is at the lower end of the trend, and may see a move towards 23,000 again. This has proved to be a very...
ENTER ON BREAKOUT ON EITHER SIDE Upside Targets = 253 / 262 / 281 Lower side = 220 / 200 SL = Tringle lines
The stock has seen a nearly 10 day consolidation and has reversed to 38.2% from the previous high. On the weekly chart, there is a nice double bottom and indicators have turned positive. Other indicators like MACD and Ichimoku are also bullish.Currently the stock is at a resistance level. Market Facilitation index is also confirming a trend reversal. Any break...
Consolidation Breakout + EMA Breakout, Entry ~ 1127, 1135, Stop ~ 1100, Target ~ 1240
Bogged down by a few issues, Yes Bank is gamely soldiering on. With a strong banks consortium trying its best to pull it out, there could emerge a winner. Risk reward is very favourable. Any positive news flow can propel it and give 2x return at the very least. Accumulate...Break above 31 can prove decisive in the counter.
Long Auto Sector: A month-long consolidation breaks.
Coal India is now moving comfortably in a channel, only should look for a Long Opportunity if and when it Breaks out. SL - Half the width of the channel, and first target Width of the channel.. May take time for the entry point to Develop, but will be a good trade.
Has a upflag formation with a tight BB squeeze and consolidation over days....
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.