Gandhi Special Tubes CMP 423 Target 500 plus Stop 360 Monthly chart. 1) Stock is finally out of a 2 year low volatility consolidation zone. 2) Key oscillators signalling momentum build up.
Dabur CMP 354 Target 500 / 800 plus Stop 285. Monthly chart 1) Stock has cleared major resistance zone at 315-320. 2) Stock has a strong support in the form of 30 week ema which is currently at 288-290. 3) After each resting on 30 week ema accompanied with a stoch crossover in the oversold zone stock has moved by 190%-225% in the past over a period of 3 years in...
Asian Hotels North CMP 288. Target 390 / 512 plus Stop 220 Monthly chart Stock has cleared past key resistance levels with great volumes. Stock has a mild resistance at 390. Above 390-400, stock has the potential to reach 500 plus. Aggressive traders can invest at cmp at stop of 220 and trail the stops as the price moves up inorder to get the max...
HAVE A WATCH. Shakti pumps. CMP 532. Weekly Chart. LONG PREFERRED ONLY ABOVE 560. HENCE DO NOT BUY IF PRICE DOES NOT CROSS 560. VERY IMPORTANT. Target 650 plus. Cup formation in progress in weekly chart. MACD showing bullish signs.
Escorts cmp 837 Target 900 plus Stop 785. Weekly chart 1) A broad right penant formation based breakout with above average volumes. 2) C & H formation based breakout observed with above average volumes.
AmarRaja Batteries CMP 876. Weekly. Target 937/1075. Stop 790 (short term trading stop) / 745 (medium to long term investment stop loss). 1) Mild RH and RS pattern observed; suggests trend reversal. 2) 200 period ema acting as strong support; more importantly 30 week ema crossover with good volumes.
Zensar Technologies CMP 936 Target 1035 / 1130 Stop 800 Weekly. 1) 200 ema has provided a solid support for the stock. 2) Stock has pierced past the downward sloping resistance line with above average volumes. 3) In that process stock has surpassed 30 week ema which has been a crucial support or resistance for the stock historically for a significant period of...
Larsen and Toubro Monthly chart CMP 1372 Target 1600 plus Stop 1250 1)Series of HHs and HLs with above average volumes. 2) Broken out of 2.5 year resistance.
Swan Energy. Weekly chart Cmp : 230 Target : 270 plus (conservative target). Stop : 205 Rationale: 1) V shaped breakout pattern. 2) Series of Higher highs and higher lows has propelled breakout with above average volumes.
WABCO INDIA Monthly chart 1) Triple bottom formation complete. 2) Cup pattern breakout adds momentum to stock. 3) Good level to enter for conservative traders would be at 7500-7900; Aggressive traders can enter at cmp. 4) Target 8850 which is breakout level + 0.5 X (length of the cup pattern level). 5) Stop should be at 7000.
Technical details: 1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420. 2) In that process stock's 30 day ema has crossed 200 day ema. 3) CMP is around 345 meaning STOCK HAS CORRECTED FROM A HIGH OF 420 TO 345. 4) 4 HOUR CHART REVEALS HIDDEN BULLISH DIVERGENCE VIS-A-VIS STOCH 14,3,3 /...
Weekly chart Nice H & S cum Cup pattern breakout post which consolidation in the form of flag pattern has happened. Final breakout has pushed the stock past previous swing high. Target 825 plus Stop 635
Weekly chart Nice triangular breakout. Price solidly supported by rising trend line. Target 680 plus. Stop should be at 30 week ema, trailing stop.
CMP 1897. Monthly chart. Medium to long term technical view. Historically, after each breakouts post consolidation, stock has given returns in the range of 26% - 57%. Current breakout at 1800 should atleast give a return of 26% which gives a target of 2268 plus.
Weekly chart cmp 102 Downward resistance line breakout with huge volumes. Stochastic divergence propelled the upmove leading to breakout. Stop at 78. Conservative Target at 140 plus. Fundamentals: Profitability : Current RoE at 35% ; Last 3 years avg RoE at 26%; indicates current performance better than past performance. NP Cash generation: CFO at Rs 29cr ;...
Weekly chart Cup formation based breakout out with huge volumes. Target 880 + 0.5 (27) = 1035. Stop 800. Aggressive investors can buy 50% now and 50% on any retracement. Conservative investors can look for a possible retracement towards 900 levels. However chances of missing out prevail.
Monthly chart Reveals an upward channel breakout. Any retracements an opportunity to go long. (10300-10500) Keep a watch on the upper line of the channel which is probably the support for the next base. Any retracement towards the upper line of the channel (support) is an opportunity to go long. Drop below the support will be a concern.
Round bottom / Cup formation in progress. HH and HL formation suggests upward momentum. Broad RH and RS pattern adds more conviction on the long side. Stop 525. Target 650 plus.