#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.
DISHTV has formed rounding bottom pattern on weekly chart and on daily it is about to give breakout above 82.5. RSI has also taken support around 50.
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.
MEGHMANI is now "CONSOLIDATING" in "FLAG PATTERN" with huge volume . Better to buy above 115
INDUSINDBK looks like about to breakout from consolidation zone and downtrendline
M&MFIN is looking strong on daily chart. It has taken support around 430-435 zone and breakout is seen above 452
SBIN CMP 316 Link to previous post The stock has jumped big time from 3-4 trading sessions back 250 odd levels to 320 odd levels - the stock has touched upper end of trend line and has stepped down signalling it to act as resistance - 305-312 is important level for SBI on the lower side Given the set up one may consider Short Strangle strategy for...
It has been observed that the price action was consolidating at the support levels and now it breaks above the consolidation indicating buyers coming back strongly and pushing prices up. T1- 261 T2-268 SL 248
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.
this is not buy call...let it consolidate and wait for breakout from bullish Flag pattern
Directionless on Direction : Are we predicting the directions here ? Absolutely not, then that arrow pointing down ?! Hmm, As Market has went up earlier when it was in bull run, its ideal expectation that , in a downside move it will move further down ( Check Left n Right Consolidation ) . All fine if it breaks downside & moves as we wished, but what if it...
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
reaching support and take ur entry and SL accordingly (11.19- 10.7-9.7) party only above 12.5
BNF will be in consolidation for few days (at least 1 week), before Upward move it will touch the previous trend line or 20400 support, hold your money, take small qty PUT near to 21000,& call near to 20450, If it moves below 20300 PUT is absolute, & above 21000 call is absolute.
Hi Everyone, Nifty reached its resistance zone, from here we an expect some consolidation 8400 level. My suggestion wait and Enter long @ 8400 level Target - 8900
This time Nifty is going to take immense time to get settle for fresh rally to break the Resistance of 9000 Points ( Failed to Break 2 times in Past) . So investors have excellent opportunity to take a position in the Range of 8300-8150.