Stockmarketanalysis
IBULHOUSING : PARALLEL CHANNEL BULLISHStock is moving in a parallel channel consisting of a horizontal range of 265-200.
Trading Strategy :
Buy above 265 keeping SL of 230 & look for the target of 300/315/350.
A Final Confirmation Coming for NiftyA breakout from the falling channel and above the 40hema at 17337 would be a good sign that the current decline from 18210 is over and will raise the odds that the 6 week correction also ended. Then its back to the bull market that already was unless proven otherwise.
COLPAL is at support can give up to 20-30% returnsI will buy COLPAL because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1459
Target : 1700/1800
Stop loss : 1400
WELCORP has broken testing resistance I will buy WELCORP because :
The price has broken the resistance
It showed a good move upwards before breaking Resistance.
The price touched the resistance thrice in same year and has broken it now so will look at buying.
Entry : 169
Target : 223
Stop loss : 154
Canara Bank Daily Chart Analysis 26.11.2021CANARA BANK as per daily chart analysis has broken the trendline and back into the consolidation zone and it has a support at 191 and 184 level and from here the stock should once again consolidate for the further reversal. If it breaks the consolidation level then the next support is at 171 level.However one can see a fresh buying opportunity only after full correction completed.
LICHSGFIN - Daily chart analysis 26.11.2021LICHSGFIN as per Daily Chart Analysis has a support level at 375 level and also the trend line support. if it breaks this level then next support level are placed at 365 / 356 / 334 level for the stock reverse. However one can see a fresh buying opportunity only after full correction completed.
Tata Motors - MONTHLY Chart Analysis - 26.11.2021TATA MOTORS have support level at 428 and a similarity i find in the monthly chart is on Nov 2016 the stock went down and by December 2016 it had taken the support at 428 level and made high of 486 level. So is it a repeatation for December 2021? NEED TO WATCH OUT. However one can see a fresh buying opportunity only after full correction completed.
KRSNAA DIAGONISTICS Daily Chart Pattern Analysis 25.11.2021couldn't post yesterday due to message restriction by TradingView. Krsnaa Diagnostics as per daily chart analysis had given consolidation break out and above 713 level and target 750 level today it had made high of 747 level and still the stock has long way to go and now revised level is above 750 and target is 825 level. Happy Trading to all