Stock has cleared the breakout levels in today's session and gave a comfortable close above those levels, which confirms the breakout, can definitely be bought here with the respective stop-loss for an expected profitable trade.
The market saw a very quick and sharp recovery this week. Generally, when the market reverses in this manner, it is a sign of trend continuation. In this case, the larger trend is bullish. If the price is able to break the breakoutline marked on the chart, we could see an upside towards the previous highs. The next significant resistance points are around 30,800 -...
EICHERMOT | Weekly strong resistance breakout with Fib & Previous resistance as support now. Looks great for 30%.
May consolidate for some weeks.
CMP : 2553
SL : 2440
Target : 3300
1:6+ Excellent risk reward setup.
ITI | Again another Flag for 20% to 40%
Monthly time frame, shows the breakout and proper retracement again. Attached monthly time frame chart below in comment section.
CMP : 128 (Any dip to 115 level is a great buying opportunity)
SL : 110
Target : 155, 190
NSE:INDIGO is forming good Base and Crossing 1395 will be Good Buy for Target of 1600 with SL1300.
My Analysis point of view is for Swing Trade based on Delivery stock.
Why Bases Form
A base visually represents a great stock’s need to take a break. After a nice run-up in price, preferably 30% or more, such a stock will decline – in most cases, mildly. This...
Kajaria ceramics is fundamentally strong stock and now looking strong on the chart as well. we can see 8%move in short term. On weekly charts its a clear oversold condition 295 level is a most probable bottom.
Significant volume rise from last couple of days and delivery percentage is 93% as of 26 may.
IOC is near strong support and it is going to start its rally...
Tomorrow IOC can go down first towards 121 and from that point it'll start recover..
Intraday buy IOC @ 121.10-121.25 Target 123,124.05,125.85 Stoploss 120
For positional Buy @ 121.5 stoploss 118.8 Target open..