Auto sector is super bullish in the last few days. Now, we have a slightly late entrant in the sector with a cup and handle breakout.
Today's candle is a big breakout candle and signals a good entry. With the stop loss below the today's candle i.e. 109 points below for a target of 1:2 of 215 points.
Kindly note that this is not a recommendation and only for...
From the current levels, it has the potential to go 1800 and beyond. The rounding bottom is clearly formed with a higher high formation.
Enter at the current levels with stop below the breakout line.
Kindly note that this is not a recommendation and do your own analysis before investing.
The following Chart shows Rounded bottom for Indusind Bank, also a Morning Start Candlestick pattern is formed on the weekly chart.
Other Indicators also indicate Upside Movement (RSI & MACD)
Recent Breakouts of Nifty Will also help push this stock price.
Disclaimer: Please take trades according to your risk appetite & analysis. This chart is by no means intended to be a recommendation.
a) Rounding consolidation since 2018.
b) Important zone of 680-700 broken in May 2021.
c) Last week a strong bullish candle printed respecting the previous resistance zone now as support
Buying at CMP, for targets of 940, 1016. SL 646
JK Cement giving a sensational breakout at 3000 levels. This is crossed after a long consolidation started in February. I speculate a good move of 300 points on the upside in a few weeks. A good risk reward trade with a small stop loss below 3000. Buy on corrections.
Kindly note, this is not a recommendation. Only an analysis.
This script is making a mirror pattern showing how history repeats itself.
Currently, it's available at cheap valuations and also, the stock would be benefited from the upcoming farm season.
The target price is 250 as per the charts. Duration - 6 to 12 months.
This is my analysis, done only for educational purposes, feel free to share your views/feedback.
Tata Motors is forming a rounded bottom pattern attempting to breakout of a level respected over the last 3 years. It would be advisable to wait for the successful breakout and look to enter upon follow through.
#ABCAPITA has formed a Rounded bottom pattern. On breaking the pattern, it will be super bullish. Try buying during the pullback and enjoy the ride.
Only for educational purposes only - trade at your own risk.