BIG BREAKOUT AWAITS | PRIVATISATION | VALUE UNLOCKING This stock is just on the verge of a big breakout on it's weekly charts but that's not all it is one of the contenders to be in the next list of the companies to be privatized by the government, company looks really sound in it's financial statements too and all of these points make it loo really good to go from here. It has been an underdog from so long but now is the time for it to show serious bullrun. Just make your strategy follow the stop-loss and cash in.
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KEY SUPPORT / RESISTANCE LEVEL (FNO) FOR 2 FEB 2021 + NFBanknifty 33000
Tatapower 80
Hdfclife 700
Nmdc 110
Nifty 14500
Apollohosp 2700
Itc 220
Idea 12
Tatasteel 650
Escorts 1300
Tataconsum 600
Bpcl 400
Sbilife 900
Bajajfinsv 10000
Aartiind 1200
Nationalum 50
Apollotyre 220
Lt 1500
- Above is an important level that is highly likely to act as support / resistance for intraday purposes
- Price reversing / breaking these marked levels can yield big moves
- Please use your own set-up / indicator(s) for further confirmation
AJANTPHARMA forming a CHANNEL pattern buy at 1638I will go LONG on AJANTPHARMA because:
The price is forming a Chanel Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of trendline ) and may reach the resistance zone (upper end of trendline ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 1638/1578
Target - 2006
Stop loss - 1539
BAJAJFINSV Buy signal at 5862 , Forming rectangle pattern I will go LONG on BAJAJFINSV because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 5862
Target - 6685
Stop loss - 5492