BUY - AMBUJA CEMENTS LTD CMP - Rs. 378 Target - 1: Rs. 472 Target - 2: Rs. 586 . . . Technicals - Harmonic Patterns . Comment: Consolidation must take place in order to achieve Target - 2 . . Follow me for more!
BUY - IRB INFRASTRUCTURE CMP - Rs. 26 Target - 1: Rs. 34 Target - 2: Rs. 40 Target - 3: Rs. 58 . . Technical - 1) Flat Base Pattern. 2) High Volumes in previous trading sessions indicating potential breakout. 3) Double Bottom chart pattern. 4) Positive breakout at first resistance, LTP>R1. . . ...
BUY - KNR CONSTRUCTIONS CMP - Rs. 253 Target - 1: Rs. 326 Target - 2: Rs. 510 . . Technicals - 1) Flat Base 2) Stock is in consolidation, has 2 major supports, and is likely to hold the current one, given the supply and demand. . . Follow me for more!
Accumulate for 700-800 levels SL at 545 Positional as well as Investment Pick. Excellent Company in Terms of Fundamentals
strong prior move of 70% 4 weeks flat base with shakeout flag pattern volume contraction pocket pivot last session with volume > 50 day AVG good above 536
12 weeks consolidation At ATH 2 good quarters pocket pivot today good volume contraction
We see a pattern within a pattern here. A low vol flat 1mth base within rounding bottom pattern. Broke out conclusively with volume. Good swing opportunity.
15 week base - flat base on daily and more of CUP on weekly charts after strong prior trend of 284%. Good fundamentals. Sugar sector also moving in sync. Retest after BO done. Need to hold BO line. Can go for 200 which is ATH.
9 weeks flat base. VCP pattern. volatility contracted followed by BO on strong volume Fundamental reason is eps growth of 168% in this quarter strong volume
good long 14 weeks consolidation of 20 % depth. It's a flat base as per Marketsmith India. if so, its definitely ready for BO. quiet volume thr' out base and contraction in handle. Pocket pivot before BO. Good sign.
On weekly, Price contracted beautifully and step wise. Volatility contracted which is eventually being followed by expansion. Great quarterly results. 12 weeks flat base. symmetrical triangle. Upper trendline BO with volume. Volume action in base suggests accumulation.
9 week flat base. consolidation BO prior trend is not that strong - only 70% up form low. weekly action is tight with quiet volume followed by BO on high volume. 100 wma and horizontal S/R at around 230. so that may act as resistance.
it is in 12 week flat base. flat base is yet to break out, but it broke the symmetrical triangle with strong volume. 200 WMA stands at 176. so that is the min target.
8 week flat base. a flag pattern. previous trend is sufficiently digested now. Broke the upper trendline with pocket pivot. also its off 50 DMA.its also holding the gap up line.
In 7 week base. yet to get fully ripened for BO. its a 1st test of 50 DMA. better above 76.
11 week base which was broken today with pocket pivot on strong volume. Promoters increased stakes 4% in last 2 quarters. 50 DMA is holding. Gave some shakeouts in the base making it highly probable.
8 weeks flat base. 3 T VCP : good volatility contraction. Extreme volume contraction. 434 is 100 WMA so probable resistance. Target - 420 at least i.e. 200 WMA.
10 week flat base. Pocket pivot formed followed by a shakeout or squat. Broke the upper trendline and pullback also done.