small caps and mid cap IT stocks will rally
IT sector is about to outperform. Keep tracking IT stocks like HCLTECH, INFY, etc.
Coforge daily chart breakout. Looks good for entry on retest as the risk is high now. Channel Breakout.
MINDTREE | Flag above the channel - But stretched above the area of value. However the flag consolidation looks convincing for 20-25% ahead of the results. CMP : 1979 SL : 1920 Target : Open or Minimum 1:3 or Flag pole length size which is 25%
Aggressive buyers abv 57.7. Relaxed buyers abv 59.9.
TRENDLINE BREAKOUT AFTER 5 MONTHS OF CONSOLIDATION WITH HIGH VOLUME RSI AND BOLINGER BAND BREAKOUT LOOK GREAT FOR NEXT FEW DAYS
Buy pfizer till 5000-5100 (demand zone) for swing trade as it will retest its recent highs of 5600/5900. Invalid below 4950 on weekly closing basis
SL: 2592. Do not see daily volumes as breakout happened in last 30 min.
JSWENERGY | Big channel / falling wedge breakout in weekly pattern. Any retracement to 70 level is a buying opportunity. Having excellent room almost 60% upside. CMP : 78 (Dip upto 70) SL : 60 Target : 95, 122
TAKE RISK MAXIMUM TWO % OF YOUR CAPITAL (PER TRADE) SWING TRADING
Caplin Point - Cup and Handle formation
APOLLO HOSPITAL Daily resistance Breakout. Trading at ATH now.
Granules has broken out of ths channel with 20% potential to move upside. Managing risk is also important here.
Persistent systems Channel breakout on Daily chart.
Lupin is a decent company that hasn't rallied back for past 6 years. It looks like it bottomed up and looking for fresh up moves. Hence we will try to capture atleast 30% and provides excellant R:R. Target - 1485. SL around 975 levels.
Technically Stock has habit creating Trending Fan pattern same can be seen in Monthly (Black Lines), Weekly (Red Lines) as well as Daily Charts (Green Lines). This Time Stock gave Bullish Trending Fan Breakout around 470 levels, mostly due to Exit polls of TN election where DMK is expected to win. On weekly Chart a Small Resistance is seen around 558, crossing...
Stock is slowly falling after forming triple top. Today it broke the support zone but bounced in last 15-30 minutes. Looks good to short in coming days. Intraday : Looks good below 731 for few quick points Swing : Good if 30/60 minute candle closes below 727 P.S. Zone can act as good support, so Ignore if stock starts trading above 750/755 levels