ICICIGI, BREAKOUT AFTER 1 YEAR & ZOOMING AT ATH (CHART# 376)ICICIGI has managed to break its ATH with good volumes today and looks good candidate for short term with 1400-1390 was support zone.
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GLENMARK, CONFIRMED SYMMETRICAL TRIANGLE BREAKDOWN (CHART# 374)GLENMARK has given breakdown from symmetrical triangle and has only support near 464-5 zone. Below 463, this can fall further.
*** This is intraday only idea ***
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HEROMOTOCO, BEARISH FLAG PATTERN NEAR BREAKDOWN (CHART# 373)HEROMOTOCO has formed perfect bearish flag and is near to breakdown. Below 2994-5, this can move further down.
*** This is intraday only idea ***
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INFY, ASCENDING TRIANGLE BREAKOUT IN SIGHT (CHART# 371)INFY is forming lose ascending triangle in hourly Time frame. Above 1152, it can give decent intraday move.
Other stocks on my watchlist are
1. BAJAJ-AUTO
2. COLPAL
3. UBl
4. INFRATEL
5. ITC
6. MFSL
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Piyush Gupta
INFRATEL, READY FOR ANOTHER JUMP POST BREAKOUT (CHART 370)INFRATEL, don't require any lengthy explanation as pattern is as clean as possible.
Above 224.2 it can give another good move as it will break 2 resistance (Trend Line & Horizontal resistance).
Kindly check my group to see how easy it is to find best trades using simple price action. We got 9% in PRAJIND, 4%+ in BAJAJFINSV, 2.5% in TECHM & 1+% in ACC today.
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MOTHERSUMI, NATURE OF SUPPORT & RESISTANCE (CHART# 365)MOTHERSUMI is at very crucial level and can move good if manages to cross 140.2. Based on closing, this can be positional as well with targets highlighted. Ongoing momentum in AUTO Sector will also compliment its move.
Kindly note, as we had great bull run already I am taking comparatively smaller positions.
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Piyush Gupta
HINDALCO, THIRD TIME LUCKY? (CHART# 364)HINDALCO is testing 219-221 zone for third time which has acted as important resistance in past. It is in great momentum and looks high probable to break it this time.
This can give good move above 221.2 tomorrow.
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VRLLOG, DARVAS BOX OF 218 DAYS CONSOLIDATION (CHART# 363)VRLLOG has been trading in range forming DARVAS box and today has given good volume & bullish candle. If this break 186 and able to sustain the level, then can be good for positional pick with potential to go up to 220 which is also coming as target from both resistance & DARVAS box range.
Intraday can also be taken in this if give breakout of 186.2 tomorrow.
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IRCTC, READY TO FIRE ALL CYLINDER POST 1415 (CHART# 360)IRCTC has seen 150+ days of consolidation in close range and has given breakout 4 session back and now staying on top of trend line.
Above 1415, it can see up move to 1450, 1500 & 1550. This stock when moves, it does crazy thing so wait for level to break patiently and get ready to enter in this highly rewarding stock.
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Piyush Gupta
IBULHSGFIN, CRAZY STOCK READY FOR BREAKOUT (CHART# 357)Those who have been trading for sometime know how crazy IBULHSGFIN stock it. When it give breakout, it moves nothing less than 4-6% and sometime even more.
Now this is again very near to breakout level of 177. Once this is successful to move out from here, can reach 186.5 & 192+ levels.
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HDFCBANK, ATH & PREVIOUS RESISTANCE ZONE BROKEN (CHART# 353)Banking stock have been in great momentum for last one week & HDFCBANK being the heavyweight of them all have broken ATH.
It is trading in upward channel which is its long term behavior. Above 1311 it can continue its momentum but traders to be cautious about resistance from upward channel band.
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ACC, DOES THIS CEMENT STOCK HAS STEAM LEFT? (CHART# 352)ACC has formed beautiful Ascending triangle pattern and has closed near to breakout level.
1700 is another physiological level once crossed can fuel some movement.
Third factor for movement is long term resistance zone around 1706-1709 which was respected multiple times between Apr to Sept 19 time period.
Breakout above 1707-1709 can show some good momentum by this stock.
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GODREJPROP DARVIS BOX -> FIBO RETRACEMENT -> UPMOVE (CHART# 349)GODREJPROP gave massive move last week which we caught as it was on our radar. Now post that move, it has retraced and respected Fibo 61.8% level.
If this continue it upmove and crosses 1063 level then it can move further for FIbonacci extension levels. Must have on your radar next week.
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NESTLEIND, READY TO GIVE MOVE IN COMING DAYS (CHART# 348)NESTLEIND has given breakout from Flag pattern formed over 1.5 years. Consolidation itself has for 4 months. It gave breakout on Monday and took a pause today (Tuesday) and formed inside candle which is again good sign.
Post 17310, it can give good move. Must have on your watchlist.
Daily view
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VOLTAS, ASCENDING TRINAGLE BREAKOUT (CHART# 339)VOLTAS has given ascending triangle breakout on Friday. Above 703, it can move further up and below are some key resistance areas to watch out.
1. Trend line from Feb (blue color) - 709-10
2. Year long resistance zone (yellow color) - 720-26
If VOLTAS manages to cross both these hurdles then it can move to new high. Friday's volume was also very good which was news based due to change in policy on refrigerant import.
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PIIND, VOLUME SUPPORT BREAKOUT (CHART# 337)PIIND has given breakout from small consolidation zone and looks very good above 2105.
Other stocks on watchlist
OFSS
SONATSOFTW
VOLTAS
DIVISLAB
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Piyush Gupta
SONATSOFTW, EXCELLENT POSITIONAL & INTRADAY (CHART# 336)SONATSOFTW is testing its important resistance zone 365-366 which is 2 year long zone. SONATSOFTW looks very promising above this zone for both Intraday & Positional.
Volume is also good on this stock and IT sector is currently in momentum.
Keep on watch along with OFSS which was posted 2 days back and is very close to trigger level.
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Piyush Gupta
ITC, MORE PAIN IN COMING DAYS? (CHART# 334)ITC after consolidating in a range for 20 days has broken down today. Also this stock has fallen so much from its glory days but price action indicates more bear grip if this cross below 164.
There is a possibility that it will retrace back to zone if market is bullish and it won't trigger but in case market is bearish, it will continue to scale new low.
Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively.
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OFSS, Positional Pick with 10-15% potential (CHART# 333)OFSS is near its long term resistance zone of 3200-3300.
It has given in intraday today to buy at 3232 and made intraday high of 3301.
If this manages to close above 3310-20, then it can scale up to 3700 & 3900 level.
Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively.
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SRTRANSFIN, INV HEAD & SHOULDER WITH CUP & HANDLE (CHART# 332)SRTRANSFIN is forming inverted head & shoulder along with cup & handle patterns. Both of them are bullish patterns.
SRTRANSFIN has resistance at 676, once crossed it can give good move.
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Piyush Gupta