MapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price. If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart. A very good investment stock as well since the company provides API solutions as a...
ICIL is a good investment stock forming a beautiful cup and handle pattern in multi year time frame. Once ATH is broken, we can see big and quick move in this stock. Long term investors can look for 2x returns as well.
HEG can be a potent multibagger stock if 2000 is crossed with a monthly closing. Stock is looking strong to give breakout of horizontal resistance. Stock has good dividend yield and decent fundamentals. Risky investors can consider for 2x returns.
CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market. Stock has formed a beautiful inverted head and shoulders pattern near ATH. A breakout of the pattern will bring more bullishness in the stock. I would rather prefer adding on dips than having a close SL in such stocks.
Solara is a loss making pharma company which has been consolidating in a tight range from last couple of years. If stock sustains above 500, we might see quick movement like the one we saw in Wockhardt & SPARC. Company doesn't have good fundamentals, so keep it as a trading position and less amount if you want to.
We have seen in past how consolidation breakouts always give rocket moves. One such pre breakout consolidation trade is NALCO If this stock manages to sustain above 140, we will enter mad bull run in this stock. It is always safe to enter before breakout since we get an option to partially book and trail SL post breakout. Levels mentioned on chart. I hope you all...
Sapphire foods has been consolidating in a beautiful ascending triangle pattern. Currently, stock is near suppl zone, hence only risky investors should be interested If the stock gives monthly closing above 1500 with good volumes, we can see a big move in this stock. Keep in watchlist!
Sonacoms has been consolidating since past 1 year. This is a pre breakout idea, hence risk is more. 480-500 is a strong demand zone from which stock has recently showed a big rejection. Levels mentioned in the chart. Good stock for EV theme investors as it is a stock from auto ancillary sector. Keep in watchlist.
Pharma stocks have shown great bull run in past 6 months. I had shared idea of APL around 550 levels. Currently, stock is looking strong for continuation of rally post breakout. Happy trading. Please follow me if you like my analysis!
This will remain as one of my most favourite idea if breakout goes successful. Trade logic: An inverted head and shoulder breakout is on the cards. The most exciting and unique observation from this chart is that a similar IHNS breakout happened in 2021. But the breakout failed. However, the stock again has created an inverted head and shoulder pattern with the...
Aegischem is trying to give ATH breakout with cup and handle pattern Stock has risen after a bear trap. A breakout here will open new highs for the stock. Stock has decent fundamentals to support
Paras defence is a stock from defence manufacturing sector. Stock has formed inverted head and shoulders pattern. Risky traders can enter before breakout for better risk reward. Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
Chart Analysis: The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities. Technical Indicators: Uptrend Confirmation: The stock's established uptrend is a...
Another stock from pharma sector which hasn't rallied. IHNS pattern breakout above 575. Levels mentioned on chart. Good move can be seen post breakout. Please follow me if you like my analysis:)
The stock has displayed a strong upward trend, showcasing an impressive run before entering a consolidation phase lasting approximately 3 months. Throughout this period, the 50-day Simple Moving Average (SMA) has acted as a robust support level, indicating a solid foundation for potential bullish momentum. Despite two unsuccessful attempts to break out during the...
Chart Analysis: The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities. Technical Indicators: Uptrend Confirmation: The stock's established uptrend is a...
Logic: Inverted head and shoulder formation in weekly chart Weekly closing above 630 will be a confirmation of breakout Levels mentioned on chart. FMCG sector has started to gain momentum. If you like my analysis, do follow me for more such ideas. And a happy new year to all my viewers. Hope you all have a prosperous & profitable year ahead!
NSE:NEWGEN ====================================================== 📈 Swing / Positional Trade - Daily Chart | Pre-Breakout 📈 Buy = 635 (Breakout) Stop-loss = 610 Target's = 705 / 755 R:R = 1:4.8 Chart Patterns = Rectangle, Head and Shoulders #ThankU For Checking Out My Content , I Hope U Liked IT...