Manappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today . Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area). . Upcoming support zone will be around: 134.50. Good Shorting Opportunity. . Stop-Loss must be over the immediate resistance level i.e...
We can look to buy reliance at CMP with s/l below 2067 and target 2185. We might even get lucky if this gives a breakout above 2200 this time
above 398-400 levels can good for bull....inverse head n shoulder plus consolidation breakout....
Nicely setting up hopefully on the upside. Heavy Consolidation around the resistance augers well for a big breakout. Targets as plotted. Enter on dips within the triangle SL - 10.4
Infosys has seen a correction and a recovery. During the recovery phase, we also observe that the third Elliott impulse wave has been completed and the corrective waves have started. The last 2 weeks has seen a consolidation in the stock with a couple of attempts to both break above and below the consolidation. The counter is now seeing some exhaustion and any...
If resistance is not broken and then the stock can see some correction in few days.
VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern. Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...
It is been observed that the price action is breaking out from a long consolidation range, indicating a strong move to upside. Target: 215 Stoploss: 200
Vedanta Limited is in CONSOLIDATION PERIOD. " Buy low - sell high " and vice versa.
It is been observed on the monthly chart that the price action is consolidation between 30-15 levels, and now the price action is trending up and reaching to previous resistance of the consolidation at around 30 levels. It shall further provide a big move once it breaks and close above 30 levels. Target: 30 Stoploss: 23