Stock is taking a zig-zag correction. Any bounce should be taken as selling opportunity preferably in the region of 825 with SL of 860 and look for the target of 725/680
After rising in an impulsive manner & a thrust after a triangle suggests that stock has completed its impulse move of wave 1. Post this stock is likely to give three wave correction of which we have already seen wave A & B. One should go short on the stock keeping SL of 2817 & look for the target of 2625/2580 in the coming session.
From the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500
Stock is rising in an impulsive manner and currently riding in a 5th wave of higher degree. One should buy the stock with stop loss of 500 & look for the target of 550/580.
Ambica Cotton Mills gave an incredibly good breakout with decent volumes. Trading 50-week high zone and giving a good reason to go long for targets of 2508 and 2722. Can keep stoploss below 2000.
Oberoi Realty can we see a breakout soon ? Budget Pick Keep watching
Sona Comstar started rising from Demand Zone can show good upside. Perfect Swing trade contender
Asian Paints taking support at trend line perfect candidate for swing trade. Good upside possible keep eyes.
SBI Card good Trend line Breakout Visible, can show good upside move.
The dly chart of Tata Elxsi shows a resis at 6099 A valid brkout abv it is likely to take the prices on the upside. Can touch app 6600 - 6700 However is prices continue to move abv 6750.......it will likely carry on the upside. The stock has been in bullish momentum and this brkout may prove to be yet another entry point for those who missed the previous bull...
The weekly chart of SRF clearly shows the breakout of a bullish flag pattern. The stock is likely to continue its upside. Buy on pullback app 2550 Add more qty near 2270 Tgt app 3000 - 3100, 4000 - 4100, 4100 +++
Godrej Consumer Products has broken above the falling wedge, having taken support of its 200 day EMA. The stock has now also moved above its 100 day EMA, indicating bullishness ahead, which is confirmed by the bullish divergence between its price and the RSI oscillator.
Strong price action seen here. If closes above 86 levels on weekly basis,, can give good returns. Accumulate only above 86 closing. Target : 96, 120 SL : 84 WCB Only for educational purpose. Not a recommendation.
Stock is correcting in a three waves pattern ABC in which wave B has unfolded as a triangle. One should go short on current levels near 1160 , keepin SL of 1205 look for the target of 1100/1080-60
One can clearly see the formation of Bearish Flag in VEDL hourly chart. Break down awaited. Upon BD can touch app 308, 270. Invalid on close abv 332.60 Trade as per price action.
Rounding bottom breakout of the ascending triangle formed in BSE has now re-tested the upper side of the Triangle. If the re-test is sustains, can expect uptrend to resume.
L&T Finance has been in a long-term downtrend falling wedge, that has beautifully drawn out into an Inverse Head & Shoulders reversal pattern. The stock is now trading above all its long-term moving averages, which provides strong support to push up towards the targets indicated.
Breakout of a falling wedge is a bullish reversal, which has taken support of the 89/100 EMA. A re-test of the breakout has taken place, and targets over the short to mid-term have been mapped out on the chart.