Berger paints formed a double bottom an took a reversal we can go long after the range breakout marked in chart.
comment down below your views and if you enter the trade just inform.
SWSOLAR has been in an expanding channel pattern
and it is it at the resistance level appears to be ready for a breakout,
it has huge upside potential if it breaks the level,
it might move higher to fill the gaps that are formed in the past,
Wait for a strong candle to close above the trendline, that will be a good entry
bharatforg has broken out of a triangle pattern
we can see higher levels if it sustains the breakout
785 will be the entry, and we can hold it till it reaches
820-830
BPCL is moving in an extending channel pattern
It could give a good move after the breakout
490 will be the first target, if it fails, it may take
support at 445 which is a support area
TATA METALICS, has corrected a bit nd reached
it's support levels, nd there's even a trendline
that has been tested today, we can expect it to
bounce back from here.
Targets can be 1260 nd 1340
EMAMI has been forming a pattern and it appears
to be broken in the lower timeframe with good
volume, but in the daily timeframe it hasn't
broken yet, It'll gain momentum once it crosses
600. we'll wait till it crosses and then we can get
into the trade, it could even come back to it's
support levels and then bounce back, with the target 675
MUTHOOT FIN has reached it's support level
it's the first time for the stock to test it's support
level, it's has a high probability of bouncing back
we'll ignore it if it breaches the level.
if it bounces, the first target can be 1450, nd the 2nd- 1520
RELIANCE has broken a trendline and got
rejected by the first resistance, now it has
reached it's trendline to retest, There's a possibility
that it will reach the resistance level in order to break it
2150 i.e- resist zone can be the first target
M&M has previously broken the support and now
it has regained it, it has even broken the trendline
and it has given a retest, it would be a perfect
level to enter, 795 should be the target.
EXIDE has been correcting for quiet a bit
now it is at it's support level, it can bounce back from here
if it bounces, the first target can be 180
and it's been following a trendline,
it can also be a target if it breaks the resistance.
SHREE CEMENT has given a breakout
and now t is at a support level, we can consider it
as a retest, it's not necessary that it should touch
the trend in order to make new high's,
there's a high probability that it'll bounce back from here
"given markets are positive"
The first target should be 29500, we can hold it even further,
but have to have enough patience
AXIS BANK has been bearish on the last session
now its on the support zone, we have seen a bounce
at the end of the session, now it is the best place to go long
Target 1 would be 755, nd the 2nd will be 765
