Trend Lines
Adani PowerPrice action is moving towards long term trend line support. Trend lines are the first thing any analyst should have learnt to draw when they start to learn about technical analysis. Its a very simple tool but most effective.
Breakount in ICICI PrudentialI have marked 2 trend lines on daily chart.
It didn't break below the bottom one trend line, but it broke the level of upper on trend line with good volume that gives the breakout in the ICICI Prudential
I have marked multiple support & resistance levels on the charts those could be the possible target and stop loss levels.
Breakout in ColgateThere is breakout above 1240 level with good volume.
It also crossed the 200 days moving average, which was strong resistance, now it is a strong support
It is trading above 50 moving average as well.
Marked all resistance & support levels on the chart.
There is more than 30% delivered quantity on NSE in last 1 week.
Possible breakout in VoltasPossible breakout if crosses above 662 level on weekly chart
There is higher lows formation on weekly chart
Also trading above 50 days MA, which is strong support
Breakdown in Kotak bankIt has already broke the 50 & 100 MA, if it further breaks the bottom trendline then it would fall to 1368 possibly
Horizonal support lines are mentioned on the chart
BajajFinance - will go up if it break upIf it break the trendline above then it would reach 3500 levels
Breakout in RECT LTDThere is breakout in RECT Ltd on daily chart.
Next targets could be 155,167.
Trading above 50 & 200 EMA.
Breakout in BEL on daily chartThere is Breakout in BEL on daily chart.
Crossed above 50 & 200 EMA
Next target 114-117
Breakout & last kiss in BATA IndiaBreakout in BATA India on daily time frame. There was breakout and then last kiss and moved up.
Next Targets could be 1553, 1579, 1606, 1644
Before achieving these targets it might retrace to previous supports (marked on the chart), then there would good buying opportunities.
Breakout and last kiss in Britannia on daily time frameBreakout and last kiss in Britannia on daily time frame and it just crossed 50 days moving average
It can move further till next resistance
Breakout in ITDC on weekly time frameThere is Breakout in ITDC on weekly time frame.
Resistance are marked on the chart those could be the possible targets
Breakout in PIINDThere is breakout in PIIND
There might be some retracement at this all time high level.
Once it crosses its all time high, it can go further up and achieve the target as per show on the chart by Fibonacci tool
Possible breakout if moves above 2842 in Heromoto CorpOn weekly chart if it crosses above 2842 which is high of previous swing then there would be breakout.
Also it is at 50 days EMA on weekly chart.
Breakout in Century TextileBreakout in Century Textile on daily time frame
Resistance mentioned on the chart which would be the next target
Hindalco - possible breakout if crosses above trendlineHindalco - possible breakout if crosses above trendline.
Resistance mentioned in the chart which are previous swing high
RAMCOCEM - 698 strong support698 is strong support for RAMCO CEMENT from long time. There was trend reversal from this level many time.
Right now there is breakout on daily chart
Above 200 EMA & at 50 EMA.
