Laxmi Organic Industries BreakoutNSE:LXCHEM has given a breakout and the stock looks very solid as the whole chemical pack is moving upwards. Keep target of 395 with a stop loss at 285. Clean breakout.
Thebullofdalalstreet
Syrma SGS BreakoutNSE:SYRMA looks very good and has given a clean breakout during a weak phase in the market. Keep stop loss at 490 and go long. Syrma SGS is an EMS company and focuses on Electronics Manufacturing and is also the beneficiary of the up-move in this sector.
Kalyani Investment BreakoutNSE:KICL has given a breakout on monthly charts. Target will be 2700 but I expect it to move higher once it crosses 2700. Stop Loss would be 2200 and that might also act as a support if the stock reverses to re-test the breakout. It is a monthly breakout and hence, you need to treat it as a ling term trade.
JK Tyre Monthly BreakoutNSE:JKTYRE broke out from a monthly consolidation range and looks very strong. It gave a breakout around 235 and that should act as a stop loss for us. Expect big targets.
Latent View Analytics BreakoutNSE:LATENTVIEW has broken out from a consolidation and looks good. Stop loss at 400 for initial target of 500. I do feel it has the potential to go even higher.
Tata Power: Powering UPNSE:TATAPOWER looks good and the sleeping giant might awaken now. Keep a stop loss at 210 but know that a clean breakout will only happen above 250. Above 250, one should definitely go long and keep 250 as stop loss (resistance becomes support).
SENCO GOLD: All that Glitters is GOLDNSE:SENCO got listed recently and looks very good with a simple stop loss at 385. Other similar businesses are doing well as well in the stock market. Go long in this share.
Prestige Estate BullishNSE:PRESTIGE looks very bullish and a simple stop loss at 535 can suffice in this one on weekly levels. Go Long, the share looks strong. Broke out after a long consolidation.
Godfrey Phillips India: New MoveNSE:GODFRYPHLP consolidated for a very long time. A beautiful triangle pattern that took months to form. The breakout came during the day of results (but before the results were announced in the evening). Next morning, there was no catching the stock. It has now moved to near All Time High levels and one can keep a very small stop loss at 2030-2000 and go long in this share. Strong Fundamentally and Technically.
Intellect Design is in strong momentumEarnings impact has made NSE:INTELLECT a very clean chart with great upside. I have simplified the chart for everyone by removing the noise. Keep a target of 850 with a stop loss at 610. Go Long.
Fraud Alert in Can Fin Homes‼️From 20% PROFITS to only 5% profits in just 2 DAYS🔻
This is what happened....
The Curious Case of Can Fin Homes 🧐
So Can Fin Homes broke out of a monthly consolidation sometime back and that was the time I picked the stock up. It was performing well, delivering 20% + Returns 🤑 in just a few weeks. Numbers announced for the quarter were very strong as well ✅
But the news of a fraud of 38 crores ends up hammering the stock like it is a fraud worth 380 crores with more to follow 🫨
The chart breaks crucial levels and market signals to something even more mischievous. At this time we are still observing, having exited the position on a much smaller return than what we could see in the position just 2 days back 😱
What will happen will be seen soon. But one thing I have learnt is that never break your discipline. Stop Loss is essential for Risk Management❗️
Do not enter until the issue is resolved here.
Finolex Cables Fresh BreakoutNSE:FINCABLES has given a fresh breakout and the stock looks good for future gains. Keep a stop loss at 920 and go long. Cables and wires segment is doing very well in the market with great relative strength as compared with the index.
Birlasoft Picture Perfect CorrectionNSE:BSOFT looks very good at these levels. The Stop Loss would be at 330 . This is one of those chart patterns where you can see that the stock corrected beautifully and held on to crucial levels. One can go long here.
About Birlasoft: Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing.
Hint: Turn on 200 EMA on Weekly and you will understand what I mean by Crucial Levels.
Reliance Industries Fresh BreakoutNSE:RELIANCE has given a fresh breakout and looks good for accumulation. A stop loss around 2735 looks good. It is a double trendline breakout. A lot of news around reliance these days, keep on radar and one can go long on this one. Will pull Nifty up along with this move.
Motherson looks strong in this RallyNSE:MOTHERSON looks very strong on charts. The rally is sustainable in my opinion as the auto sector is in tailwinds and is doing well at the moment. The share formed a double bottom around 60 and has since rallied back up. Previous high could be a good target and therefore, levels of 120 can be expected in the coming months. If the stock breaks above 120, then it would end its long term correction and one can expect further rally.
Dabur India Proper Correction and BreakoutThere are sometimes when a stock completes its correction, makes a textbook chart pattern and start an up-move. This is what I have observed in NSE:DABUR on weekly charts. What a beautiful structure and just the right time to break-out. It even tested the 200 EMA on weekly and spend considerable time in forming its pattern.
Now these patterns can be tricky with stop losses sometimes. Hence, my plan is to simplify this for you. Keep Targets of 645 and Stop Loss at 580. Go Long.
Disclaimer: All information is shared for educational purpose only.
Godfrey Phillips Triangle FormationGodfrey is in a Triangle formation and this is the chance to catch this stock on it support. Keep a stop loss at 1620 and expect targets of 2030 when the triangle is broken and the consolidation ends. Expect a very sharp move after breakout.
Rolex Rings BreakoutNSE:ROLEXRINGS has given a solid breakout and now one can go long in this position by keeping a stop loss at 2150. It gave an initial breakout and then took out the previous high which makes this breakout more interesting and strong.
Breakdown in IEXIEX Share has broken down and may take support at 130 levels. However, the breakdown is due to fundamental issues and thus, one needs to take a closer look before jumping in. Coupling has been announced and this means that IEX will be hurt when it comes to price matchmaking. Even though IEX is more or less of a monopoly, margins might be under pressure due to new policy change.
Mazagon Dock Looks Extremely StrongMazagon has given a very strong breakout with all defence theme related stocks moving in today's market. Keep a Stop Loss at 910 and continue to hold. This stock completed its correction properly and then moved ahead. Good pick in my opinion.
Graphite India BreakoutGraphite India has given a solid breakout. Keep targets of 400 and 500 on cards.
Globus Spirits continues to RallyGlobus Spirits looks strong and continues to rally after the initial triangle formation breakout and re-testing. I remain bullish on this stock and my revised stop loss for this share is 940. Go long and keep on trailing. I believe if the momentum supports, it will touch the old all time high.
Kirloskar Brothers New ATHKirloskar group has been on my radar for quite some time and now finally it has started moving in a big way. Kirloskar Brothers looks good and one can go long in this by keeping a stop loss at 480.
