All indicators are positive still it can move up to 97 without any struggle bcaz stoch is in upward direction.it may reach up to 101.
Refer my previous analysis on Tata power on below link
Stoploss: 88.95 on closing basis.
Price is above the avg line in Bandbollinger, Selling trend falling in ADX , MACD signal line crossover, RSI positive and in weekly chart Stochastic move to upward direction. These indicators and triangle breakout also helps to move up further
With the cement Industry growing day by day, can Ambuja Cement breakout from the narrow band? RSI and MACD shows positive signs. Stock has seen heavy +ve volumes in the recent weeks.
First Tgt - 280
SL - 235
Company is a niche player in fresh fruits and pulp exports.
Stock has been consolidating for the past 2 years. Promoters have recently increased stake in the company.
Recently it seems like someone has started accumulating the stock and the price is ready to break out from the narrow triangle.
MACD has just crossed above signal and is above 0.
RSI also is in an...
It is been observed on the daily chart that the price action firstly breaks out from a big downward or zig zag consolidation and then again consolidated in a small triangle formation and now it breaks out from that too, indicating a strong bullish move ahead.
Target 1: 400
Target 2: 410
Price is about to breakout from an ascending triangle formed on Reliance Industrial Infrastructure. Good opportunity for long entry. Enter only if price breaks out from the triangle.
#Target 1: 440
#Target 2: 460