Flag
Jagran Prakasan - Flag pattern & Cup & Handle Pattern!!!Jagran Prakashan is showing a breakout from Flag pattern on shorter time and a cup & handle pattern on a bigger time spread. This can lead to price rise to 162-200 from the current price of 112. Other factors:
1. Election time: We can expect good revenue
2. MACD : positive
3. RSI : above 60
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BREAKOUT, RELIANCE IND INFRA, 56% RETURNS!!!BUY - RELIANCE IND INFRA
CMP - Rs. 1517
Target - 1: Rs. 1942
Target - 2: Rs. 2359
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Timeframe - 10 months - 18 months
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Technicals - Cup and Handle Pattern Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BREAKOUT, GE POWER INDIA, 108% RETURNS!!!BUY - GE POWER INDIA LTD
CMP - Rs. 295
Target - 1: Rs. 419
Target - 2: Rs. 515
Target - 3: Rs. 616
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Timeframe - 8-14 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Wave - 5 breakout in Adani Power1. There is formation of typical Bullish Flag like pattern on Daily Time frame and breakout above 590 can take the price to 750/- price level I.e. potential of approx. 30% upmove with a stop loss below today’s low I.e. 517/-. Giving an excellent opportunity of 1:2 Risk : Reward.
2. As per Elliott Wave Analysis, wave - 4 is under formation taking support at 38.2% Fib Level. Projection of Wave - 5 from these level giving target of exactly 750 at 127.2% Fib level (Fib extension level of wave - 3 and wave - 4) coinciding with the target derived from Bullish Flag Breakout.
Target of 750/- upon breakout above 590/- with Stop Loss of 517/-.
Swing Trading Opportunity in SPARC-- Waiting for the strong Trendline Breakout Candle with High volume
-- Flag Pattern on Daily TF(Waiting for Breakout)
-- Doji Candle formed On Weekly Candle at SUPPLY ZONE
-- RETEST the breakout level
-- ‘W’ Pattern BreakOut On Monthly TF
-- So there are Multiple signals of buying but just waiting for strong Volume On Daily TF.
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