jubilant food above 500 will boomjubilant food above 500 will boom. jubl food breaked the 2.5 years trendline. i think above 500 it will boom.
Shorttime
SURATEXYeah its clearly formming the trend line . now waiting for the confirmation candle . i expecting 10% returns ,
GLENMARK | Strong support last 13 weeks - Looks good for 45%GLENMARK | Despite weak pharma sector i see the Glenmark is strong as M&M stock as it is taking good support last 13 weeks
Potential for 45% 😃
CMP : 475
SL : 440
Target : 690
1:5 risk reward setup - Weekly chart hence this a long trade.
CASTROLIND | Nice channel breakout , 30% potential opportunityCASTROLIND | Nice channel breakout , 30% potential for second target.
CMP : 123
SL : 119
Target : 132, 158
1:2 risk reward setup for first target (8%) . But it has all the potential to goto second target, just need patience for that. Similar to our previous POLYCAB chart.
Taken support on 30 minutes time frame.It's time to move up now if S3 not broken.
targets and support on the chart.
What is Channel Chart Pattern?
Channel Chart pattern is a type of technical analysis in which the price movement is contained between the two parallel trend line and it is very easy to notice this pattern in real charts.
Channels basically work on support and resistance. It consists of the following parts:
1.Upper Trendline: It serves as a resistance in the pattern. It is a straight line and at least have 2 points, the more the better. When the price touches the upper trendline, it can be used as a selling signal.
2.Lower Trendline: It is also a straight line and has at least 2 points, the more the better. It serves as a support in the pattern. When the price touches the lower trendline, it can be used as a buying signal.
TATAPOWER | Inverted Head & Shoulder - High probablity for 30%TATAPOWER | Inverted Head & Shoulder - Looks good High probablity setup and has potential of 35%
Expecting breakout next week
CMP : 62
Target : 85, 100
TATACOFFEE | Flag with decent support last 3 weeksTATACOFFEE | One of the best intersting chart in the recent times <3
Weekly - Flag pattern
Daily - Triangle
Monthly - Big breakout and retesting 50% exactly
CMP : 103
SL: 95
Target : 120,135
SUNFLAG | Cup & Handle breakout - Can see 35%SUNFLAG | Cup & Handle breakout - Can see 35%
CMP : 55 ( Any dip upto 51 is a buying opportunity)
Target : 75
