Godrej Consumer - Breakout of Falling Wedge!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.
Stockstowatch
Intraday analysis for 14-12-2021 - Short Asian PainsAsian Paints Ltd has formed shooting star candle on daily time frame. The stock looks good for intraday trading. Short Asian Paints below 3270 with SL 3300 for intraday. Book profit as per your risk.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BAJAJ FINSERV: HEAD AND SHOULDER (BEARISH)A clear pattern formation & its confirmation. Stock has formed a Head and shoulder pattern with neckline around 17200. Stock has already given a breakout in the previous fall & now retested the neckline and falling again. One should go short on current level with SL of 17900 & look for the target of 16300/15300 and the measured target of 15000 level.
Sandur Manganese & Iron Ores Ltd.( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
Sandur Manganese & Iron Ores Ltd. @ 2135 with target of 2180 CMP IS 2113.65.
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ 1875.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
SHARE MARKET ANALYST
B.Sc. (MATHS & PHYSICS)
Trying to spread happiness and knowledge
Disclaimer: I AM NOT SEBI REGISTERED
NMDC: DIWALI PICK (INVESTMENT)After a long term downtrend , Stock has given a breakout from an Ending Diagonal Structure which suggests that the previous trend is over & a new trend is developing . With the formation of HH HL in an impulsive manner we can say that stock has turn around & is ready to move up. Stock has made a high of 213 breaking all the previous resistance in the zone of 190-205 & the nature of the rise is clearly impulsive. From the highs of 213 stock as corrected 50% & right now trading near the level of 142. One should go long on the current levels and add on dips (if any) . Keeping Sl of 100 one should look for the target of 245/305/375.
LARSEN AND TOUBRO ( EDUCATIONAL PURPOSE ONLY)Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
LARSEN & TOUBRO LIMITED @ 1835 with target of 2000.CMP IS 1814.25
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 1800.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
SHARE MARKET ANALYST
B.Sc. (MATHS & PHYSICS)
Trying to spread happiness and knowledge
Disclaimer: I AM NOT SEBI REGISTERED
CUP & HANDEL FORMATIONNice break out of cup & handle formation & looking good strength to spike soon...
IDFC First Bank - Rounding Bottoms into Triangle Breakout IDFC First Bank has been in a long period of consolidation that has formed a triangle.
Over the past few weeks, such consolidation period can be seen to round off into two smaller bottoms, forming higher lows.
200 EMA support is pushing the stock into a triangle breakout now, which looks good to achieve the charted targets over the next few weeks.