VBL has been a consistent outperformer among FMCG stock in this bull run. As we can clearly see, stock is forming a beautiful staircase pattern(continuous flag pole) during the uptrend. Stock has given breakout in closing basis of ATH. A good stock for quick momentum traders. Not a recommendation. If interested, do check the chart of RVNL which has shown a...
Heritage food has given good move, around 100% returns in past 12 months. Currently, stock is consolidating and can give good move once breakout of flag is done. FMCG sector is looking strong and it can support the breakout in this stock. Do keep in watchlist.
Buy Adani port fut above 765 where flag pole breakout confirmation will establish. Target 800/820 and 870. Invalid below 740
HPL Electric is getting electrified for the target of 400. Once 216 is taken decisively on weekly basis. it will fly with the intermediate targets as given in the chart. This is not a buy recommendation.. For educational purpose only.
Persistent systems has been in strong bull run from 2020 to end of 2021. Since 2021, the stock is consolidating and has formed a beautiful inverted head and shoulder consolidation as a flag of flag pole pattern The stock might start a new uptrend above 5000. However, buying at top in such volatile market is risky. Kindly trade as per your own analysis.
Chart patterns look apt for a short trade in Pidilite industries REASONS 1. PIDILITIND from September 2022 has been in Downtrend forming lower highs and lower lows 2. Currently it is ,at its 3rd BEARISH FLAG pattern (gave breakdown with volume spike) 3. Previous 2 Bearish flags achieved their targets(as per pattern-pole length) without any...
NSE:DMART DMART is forming one of the common Technical patterns in its Chart on a daily time frame. The technical pattern here we are talking about is Flagpole. A Flagpole is formed by strong movement in one direction creating the pole of the flag and a pennant shape by converging trendline causing the Flagpole structure complete. This is a continuation...
Reliance currently loooks like in bear grip. I am expecting straight 100 points fall below 2400, if not more. 2300 acted strong support earlier if breaks the support we can see further fall.weak only below 2400, Rest market supreme.