The entire sugar sector is on an upmove. Other sugar stocks are also breaking out. This has tested the resistance once, but sellers couldn't push the price down by much, which means absorption is happening near breakout. SL: Below Breakout Candle. Tgt: Break of Hourly 20MA on the down side.
Price action suggests a BO early next week. Look how quickly it shot up last week.
The volume activity this week shows very strong uptrend and momentum. Watch out. If it breaks out of the channel, it can give at least 25-30%.
The entire industrial machinery sector was up on Friday. (Usha Martin gave a stellar breakout of 11%) This will also follow suit. Likely to give a solid breakout next week. SL: 125 on a weekly closing basis. Tight SL: 135
What a beautiful breakout. Look at the towering volume candles in the last 4 weeks. Already tested the breakout area on Daily candle. 2000cr Market cap, Vaccine story. Great order book. Good for 20% return in a couple of weeks. Could potentially double in the next couple of months.
Nice chart. Broke out with Gap up. Testing the Break out area. Can start taking positions as it starts to clean out the red Breakout candle. SL: Breakout area, Bottom of the red candle.
The chart doesn't need much explanation. Good set up, good start of the weekly candle with a nice Gap up, volumes coming in, not much draw down by the end of the day. It can breakout anytime, even tomorrow.
Natco is looking poised for an Inverted H&S Breakout. We are seeing red candles near BO, but very little down moves (which is a fairly positive signal). Will move strongly once Pharma sector starts moving up. Take a test entry and watch out for a strong closing in the 950-1000 zone, then add to your position. SL: 865 (on closing basis)
SAIL is sitting on a 9 year breakout. Look at the volumes in the recent months. The entire sector moved today. This can easily give 30-40% returns in the next few weeks.
The stock has shown much strength in a volatile month. Also the volumes have been increasing over the past 4 weeks. CMP: 546 SL: 500 (on a closing basis)
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.
Banknifty is going guns blazing in November future, near to very strong supply zone , but volume is good near to supply zone . Look out for marked level , if that is crossed , there will swift move to up side.
MINDTREE is an uptrend stock IN 1hr Timeframe . Channel Formation is in UPTREND . SO it is better to go for LONG CMP - 920 TGT - 928 TGT2 - 940 Refer other Work Also