With quarterly sales increasing by 24% and quarter profit increasing by 64%, NSE:ORIENTBELL posted good set of numbers and the share broke out of a 6 month old trading zone. It came down to its support at Rs. 421 and now bouncing back. It's a good buy at this level with a stop loss around Rs. 420. Either sell below the stop loss or when the share closes below...
ICICIBANK has posted exceptional Q3 results and is expected to open gap up on Monday, we can expect to see levels of 820-840 on Gap up, if this gap up sustains we can also see levels of 850/860 Intraday itself,
If there is no gap up, these levels can also act as Intraday Resistances
Let us study ALLCARGO Logistics for Positional Investment prospects.
Chart Structure:
- Price has broken out All-Time-High of 2018.
- Price has crossed the previous swing high above ATH.
- Stock is in an uptrend since May.
Volume & Deliveries:
- Huge deliveries had happened in July & August near ATH Range.
- From 19th July to 4th Aug. 2.04 cr. shares were...
Chart Structure:
- Price came out of Darvas Box consolidation on 17th August.
- Consolidation was happening from May to August.
- After the Range breakout, the price took a little pullback.
Volume & Deliveries:
- During the consolidation phase, many days with positive volume activities were witnessed.
- Average Deliveries were 10.79 lac shares per day before...
About:
Jubilant Ingrevia was Demerged from Jubilant Lifesciences in February 2021. It is in the business of Speciality chemicals, Animal & human nutrition, life science chemicals, ethanol etc.
- Stock is in a continuous uptrend.
- Price today crossed the previous swing high after forming a base at Support Level (which was earlier a resistance)
- Price broke out...
As we can see the stock is under consolidation ahead of its results. So a candle closing above this resistance can give good trade for intraday on the long side.
950 is a strong resistance level.
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On Friday, IndusInd Bank share tried two three to break this level but failed.
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So maybe on Monday, it can break the levels 979 is our first Target.
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On Friday company announced a very good Quarter Results.
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So maybe there is 1% chances that you can see the profit booking .
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But trust me if it's goes down you can accumulate...
8 weeks cup n handle - 2nd stage base.
depth is little more - 32%
Strong prior uptrend - 375% from lows.
Pocket pivot formed today.
Its coupled with good fundamentals and promoters buying.
Its even at ATH levels......
