Trend Line Break
Waiting for new developmentsGold (XAU/USD) prices defended the previous weekly recovery, for the first time in five weeks, as it rallied for the second day in a row amid broad-based US Dollar weakness. Also, the strength for the XAU/USD rally is cautious optimism in the market, as well as falling Treasury yields.
It is worth noting that the US Dollar Index (DXY) encourages reliance on Fed policymakers' data and the recent mixed US data, as well as the continued decline in interest rates. US Treasury yields from multi-year highs marked last week.
BREAKOUT, BIRLA MONEY, 127% RETURNS!!!BUY - ADITYA BIRLA MONEY
CMP - Rs. 69
Target - 1: Rs. 89
Target - 2: Rs. 121
Target - 3: Rs. 156
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Timeframe - 6 months - 1.5 years
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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INDIAN HUME PIPE - ANOTHER MEGA MULTIBAGGER???BUY - INDIAN HUME PIPE COMPANY
CMP - Rs. 198
Target - 1: Rs. 290
Target - 2: Rs. 367
Target - 3: Rs. 450
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Technicals - Trendline BO
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NOTE: Target - 1 will be achieved within 6 months, Target - 2 within 1 year, and Target - 3 within 2-2.5 years.
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BREAKOUT, HCC, 221% RETURNS!!!BUY - HCC
CMP - Rs. 24
Target - 1: Rs. 43
Target - 2: Rs. 60
Target - 3: Rs. 78
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Timeframe - 6 months - 2 years
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Technicals - Multiple Trendline Breakout
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Note: There were multiple bulk deals in the past 4 weeks made my multiple traders and brokers. This coincides with its recent uptrend and 2 breakouts. I am predicting a trend for the future.
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BREAKOUT, NCC LTD, 170% RETURNS!!!BUY - NCC LTD
CMP - Rs. 122
Target - 1: Rs. 212
Target - 2: Rs. 330
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Technicals - Bullish Symmetrical Triangle Breakout
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Timeframe - Target - 1: 1-1.5 years & Target - 2: 1.5 - 2 years.
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BREAKOUT, UNION BANK OF INDIA, 169% RETURNS!!!BUY - UNION BANK OF INDIA
CMP - Rs. 80
Target - 1: Rs. 167
Target - 2: Rs. 214
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Timeframe - Target - 1: 1-2 years, Target - 2: 2-2.5 years
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Technicals - Bullish Flag Breakout
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Gold is still around 1920Gold prices traded near $1,915 per troy ounce during the Asian session on Monday, extending last week's gains. The recent drop in the US Treasury bond yields (US) helped push the yellow metal to recover. Additionally, moderate US economic data released last week along with mixed statements from major central bank officials at the Jackson Hole Symposium, underpinned Gold prices.
With that said, U.S. Durable Goods Orders in July fell 5.2% from the market consensus of 4%, ranging from 4.4% in June. However, Initial Jobless Claims showed favorable employment conditions, raising concerns about the US inflation scenario. For the week ending Aug. 18, the index fell to 230K from 240K previously, which is expected to remain steady.
LXCHEM Daily looking bullishLXCHEM daily has trendline breakout with 200 ema support on daily candle. Good to buy at 299 for target of 387 with sl below 264
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RAILTEL watch for trend line breakoutExpecting Railtel to give a good move from here setting up tight near trend line with fundamentals backing it up. Stop loss can be placed at low of doji candle.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
BREAKOUT, IBULHSGFIN, 235% RETURNS!!!BUY - INDIABULLS HOUSING FINANCE
CMP - Rs. 123
Target - 1: Rs. 220
Target - 2: Rs. 325
Target - 3: Rs. 410
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Timeframe - Target - 1: 6-9 months, Target - 2: 9-15 months, Target - 3: 15-21 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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