After a strong move and a consolidation face IDEA has formed a FLAG pattern. Now the prices have given breakout from it and likely to move up till the height of the Pole. So the target for the script could be around 150 or levels
Price seems to have found nice support near 370-380 zones on the weekly charts. Last week's rise seems to be an indication of buying interest at support.
Once the levels of 430 is crossed on the charts, a short term move to 480-500 seems possible.
Will consider for Long next week on a small retracement.
SL below low of last week is a bit steep for my liking....
Another stock that showed up in weekend scan.
I'll be keen if price sustains above 220-225 zones. Can be an interesting play there.
A long here with SL below last week's low can be considered. Will review during the week.
Seems an interesting setup on the weekly charts, after a nice bounce last week on decent volumes.
A close above 48-49 can possibly bring in some momentum too.
No position yet. Will keep a watch on this though.
PRAKASH INDUSTRIES is heading towards a resistance zone on the weekly charts near 65-68. A break-out above this zone, will be interesting candidate for long.
For now, watch mode.
Above the resistance zone, will initiate longs.
As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle.
What makes it special is-- there is a good inverted Head and Shoulder price pattern (S-H-S) in last leg.
Breakout is above 54 - 58 zone targeting 130+++
Multiple lows near 70 zone. Last week, price showed early signs of buying interest. Today there seems to a good buying interest. A TLB on the weekly chart, can be further indication of price wanting to move up.
I'm long with STOP below 70. So, I'm biased that way.
Tata Steel prices may form "Symmetrical Triangle" which could take prices to trade higher till 425-430 by next month. prices may take immediate support near 375-370. Price have also form "Bullish Divergence" which also supports the prior view.
Axis bank, Price in axis bank has been falling since 640 or levels and corrected almost 30% from its recent peak. prices may trade higher till 540-570 but only after trading and sustaining above 460 with immediate stop loss of 420.
ICICI, we have seen that price are trading in strict range between both the bands. Price are likely to trade higher till at least immediate resistance of 270. One can take risk because It has also seen Positive Divergence in stock.
Discloser : trade on your own risk