Given that current uncertainity in global political conditions and crude volatility, paints whose major ingredient being crude might witness some correction. Asian paints has been between 3400 and 3150 for the past three months. If it breaks the above rectangle, can see correction up to 2700. stl: 3200 tgt: 2700 Disclaimer: I may or may not have any positions....
Stock gives breakout of Bullish Rectangle on weekly timeframe . CMP :362 Target 1 : 434 Target 2: 490 Stoploss : 629 This is not a buy or sell call, this analysis is shared for educational purpose.
Hello Hardworking Traders! I am back again with a beautiful breakout Stock, DP wires. Here is a quick overview of its Technical and Financials. Technical. Dp wires spent over 2 years consolidating in an ascending channel pattern. >>The chart shows a consistent bullish trend within this pattern, forming higher highs and higher lows. >>Recently, it retested...
Good morning Guys! Here is a potential trade set up for next week. Providing you some pointers for MPS LTD. >>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week >> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. ...
Welcome back again. Today we will discuss about ESAB INDIA. >>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ. >>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum. >>Today this stock seems...
Company's Overview. Abbott India Ltd is one of the market leader and multinational pharmaceutical company in India with a global presence in over 160 countries. It has a legacy of more than 130 years in the industry. Revenue Breakup. In FY22, injectables contributed around 40% of the revenues, followed by tablets at 39%, liquids at approximately 16%, capsules...
Tata Chemicals had a strong breakout with a huge candle on the weekly closing day. Tata Chemicals was in a 9-month rectangle symmetric pattern and recently broke out with good volume. While it has potential to reach its resistance, it's better to wait for a slight correction or retracement before entering. If it comes back to the breakout area, that would be an...
Finally, after 10 months of consolidation Sun Pharma had broken out its resistance level on a daily timeframe. We can see a good uptrend from here.
Sell Chambal Fertiliser below 272 target 267, 261. Reason for Sell, Stock is in downtrend and has halted for some time between 280 to 273 range breakdown of 272 can give target of 267 and 261. It's safe to book profits at 267 levels. Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial...
PRESTIGE Giving breakout on weekly Timeframe.Investors and go long with Risk Reward of 1:3. target 1 = 555 target 2 = 589 SL = 510
Rectangle consolidation Buy above a weekly closing of 250 for targets 275-285-305 SL would be a closing below 240
Market Cap 4,520 Cr. Stock P/E 25.8 Industry P/E 17.1 Dividend Yield 1.28 % ROCE 19.4 % OPM 31.4 % Promoter holding 74 % Pledged percentage 0 % Debt to equity 0.22 Free Cash Flow -73.7 Cr. Relative Strength > 0
Looking forward for the Long Position after the stock manages to close above its parallel channel. Buy NSE:APCOTEXIND at the End of the day after the confirmation of close above the channel line.
NSE:M_M #NSE:M_M formed Bullish rectangle, Safe players may check post breakout zone, and experienced/risky players may check support zones for entry points. All the levels marked for practice only. Complete April month performance shared for our friends, check out my signature for details. Happy LEarning !!
VARROC looking bullish volumes and chart pattern indicating good sign for further movement. Consolidation breakout from zone. Closing above 460 will be confirmation. Need to hold his highs selling pressure is high in upward levels. Can reach 510- 530 targets above that next Resistance at 570 . Keep on...
Rectangular Channel breakout in PolyCab. Positional Target of Rs. 3390 with Risk & Reward ratio of 1:1.
As we see NIFTY is forming the RECTANGLE pattern and on verge of breaking 50ema.we can go short below this targets are mentioned in the chart itself.
Deltacorp given breakout of the rectangle sustaining above 300... it will move towards 350++ in short term