Stockstowatch
LICI- All time high breakoutInsurance sector in action with leading company giving all time high breakout. LIC of India is giving all time high breakout on daily chart. The volume in last 1-2 months are quite high and stock has till now given a returns of almost 30% in year 2023. This seems just the beginning of rally in this stock.
The next possible levels on the chart is 1083 according to Fibonacci.
Disclaimer: The stock shared is only for educational purpose and does not include any buy or sell recommendations.
Mahindra Lifespace Ltd - LongThe stock is giving fresh breakout on daily chart. The last resistance it made was of 592 level on 15 Sept 2023. Now the stock is crossing this levels with good volume accumulations after a consolidation of 4 months.
A fresh rally may come after this breakout. Keep this stock in your radar.
NHPC - SWING TRADE - 3rd December #stocksNHPC (1D TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Near Resistance - Done ✓
- Trendline Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nhpc
CANFINHOME (Ready For 1000)CANFINHOME has given a trendline breakout on the daily chart. The level of 900, 950, 1000, and 1100 could be achieved in the coming few days. The stop loss can be placed at the low of the current candle (2nd Feb), which is at 799 level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
CDSL (Looks Good For Short Term)CDSL has given a trendline breakout on a daily chart. The stock can head towards 1960, 2000, and 2100 levels in the coming days. The stop loss can be placed at the low of the current candle (2nd Feb) which is 1823. The stock also has taken support on the weekly candle.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Jindal Steel: Ready for another impulseSock has already concluded a complex corrective structure at 24-Jan'24 low of 688 zone and started bouncing back. This suggests that stock is likely to move towards it's resistance zone of 756-760 in the coming days. Breaking above the resistance zone will lead it towards 800-820 zone over the weeks ahead.
Precision Wires India Ltd (Strong Breakout Candidate)Precision Wires India Ltd has given a breakout on a daily time frame. The stock can head towards 155 and 170 levels in the short term. Also, good volumes can be seen on a daily time frame. The stock has support at the 141 level. CMP: 143. #PRECWIRE.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
UFO Moviez India Ltd (Multiyear Breakout Setup)UFO Moviez India Ltd will be giving a breakout above 150 levels. If the stock closes above 150 (Monthly), it can head over to 175 and 200 in the short term. Also, good volumes are seen on the monthly chart. The level of 150 can act as support. #UFO. CMP: 153.10.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.