#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.
VTL has demonstrated upside breakout on weekly chart. RSI is also rising. Possibility of this can be a good breakout is that its holding company VHL has already risen 60% past week after similar breakout & I am expecting VTL to demonstrate somewhat similar move.
as usual if positive break happens then stock going to rock. up to now there is no any negative sign in weekly chart
YESBANK has a strong resistance around 318. The stock consolidated in a 20-point range after fall from 52-week high. Looks like it has made base around 300-305 and is on the verge of breakout above 318. Stock is also near 50 SMA which will act as a resistance & if it manages to close above it, then it will likely resume uptrend.
M&MFIN is looking strong on daily chart. It has taken support around 430-435 zone and breakout is seen above 452
The stock is in an uptrend and has seen a big breakout in the last couple of trading sessions. Volume has spiked too, which is a positive sign. Am watching this stock. Have made an initial purchase already. Would like to add more on a breakout above recent highs.
It is been observed on the the Daily and Weekly chart that the price action is consolidating for past 10 weeks continuously within a rectangular or sideway channel. Now, it has finally broken above the the channel and shall further move up to new highs if it closes above 465 levels. Target 1: 480 Target 2: 490 Stoploss: 455
On a monthly chart, the price action has broken out from a consolidation range that indicates bullishness and buyers dominance. Previous month the stock corrected 25% and retraces back to the previous breakout levels or resistance. The prices may go down further to 28 levels but eventually it will rise with the time and may cross over all time high of 45 levels....
On hourly chart, the price action breaks out from a consolidation that shall move prices to next resistance level of 865 levels. Target 865 Stoploss: 830
It is been observed that the price action is been consolidation with a rectangular price range and it was earlier also observed that the price action breaks upside but could not sustain the uptrend as we didnt get to see a new higher highs and after a while the price action breaks below the consolidation and now it is confirmed as we go to observe a lower low that...
Today's Price Movement breaks through the big rectangular consolidation. The consolidation is been continuing for a while but now it seems like the price action is changing gears, it shall move down further to the levels of 4750. Target: 4750 Stoploss: 4930