Hexaware,Moving average based trade.(LONG)Hexaware industries has been consistently making Higher Highs and Higher Lows since 2013 on Weekly Time frame,based on that,it is safe to assume that share will indeed breakthrough the current resistance area of 450-460.
Uptrend
Hexaware Moving average based trade.Hexaware Industries as been consistently making Higher Highs and Higher Lows since 2013,based on the strong uptrend,it is expected that the script will be able to push through the current resistance area of 450-460.
PS:
bajaj auto looks bullish in medium term to long termIn monthly, price bounced from the ascending channel support.
with sl - 2719, tgt1 - 3390, tgt2 - 3550
GAIL looks bullish in medium termIn weekly, price at horizontal and trendline support.
In daily, price showing strength, recently it closed above upper BB and upperBB is starting to move up.
with sl - 305, 1st tgt - 385
Upward momentum for BPCL
Here the stock bounced back twice from upward support channel. This seems like a good indication that it is firmly heading upwards. Let's wait and watch.
tvs motor looks bullish in short to medium termin weekly, hidden bullish divergence seen here, also, price took support(hammer pattern) at lower BB.
sl - 600, tgt1 - 710, tgt2 - 785.
deepak fertilisers looks bullish in short to medium termIn weekly, price at horizontal support zone and hidden bullish divergence formed here.
In daily, regular bullish divergence formed here.
current correction retraced around 50% of previous rally.
sl - 273, tgt1 - 363, tgt2 - 470
most of the sectors looks bullish in short to medium termAfter the recent correction in feb and mar month, most of the sectoral indices showing hidden bullish divergences in weekly time frame. They are:
small cap
mid cap
realty
energy
commodity
consumption
service
So we may expect a good recovery from the current dip and continuation of the medium term uptrend.
vls finance looks bullish in medium termIn weekly, price moving in ascending channel and bounced from ascending channel support,
sl - 62.5, tgt1 - 100, tgt2 - 118
bhusan steel looks bullish in med to long termIn monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out.
in weekly, we can see that, round bottom is forming and fresh impulse already started here.
round bottom pattern tgt
so with a sl - 54, 1st tgt - 95, 2nd tgt - 151, long term tgt - 500.
eicher motor looks bullish in medium termin weekly, price taking support at horizontal support zone and trendline support.
sl - 26000, tgt1 - 30000, tgt2 - 32900
auto sector looks bullish in short to medium termIn weekly, hidden bullish divergence seen. Also price bounced from flat lower BB
It can move up to touch the middle/upper BB.
tinplate looks bulish in short termin daily, ascending triangle formed, and breakout happened with high volume, price closed above upper BB and BB is expanding.
with sl - 255, tgt - 370
tata invest looks bullish in short to medium termin daily, price broke out descending channel with good volume,
in weekly, hidden bullish divergence formed in weekly,
with sl - 827, 1st tgt - 1000, 2nd tgt - 1200
archid ply looks bullish in short termIn daily, symmetrical triangle formed and breakout happened with high volume,
in weekly, it is in strong uptrend, and recently it broke out of horizontal resistance and landed in all time high zone, also BB is expanding.
sl - 95 1st tgt - 145
simplex infra looks bullish in short to medium termIn longer time frame, price closed above multi year resistance zone, and sustaining above it
in smaller time frame CnH pattern formed.
with sl - 495, 1st tgt - 690, 2nd tgt - 750
hovs services looks bullish in medium termin weekly, symmetrical triangle formed and breakout happened with high volume, now trying to retest the broken trend line support,
in longer time period, it has formed round bottom and breakout already happened here.
with sl - 255, 1st tgt - 418, final tgt - 445
thirumalai chemical looks bullish in short termIn daily, ascending triangle formed , breakout happened with good volume,
sl - 2020, tgt - 2600
realty sector looks bullish for long termin monthly, round bottom pattern forming here, neckline comes around 600-610 level, after successful breakout 1000 is the pattern tgt.
so 1st tgt - 600, 2nd tgt - 1000, long term tgt - 1800.
so whole sector can be a 4/5 baggar in the next 8-10 years.
garden silk looks bullish in long termin monthly, round bottom forming here, neckline at 50-55 zone. breakout will confirm the pattern.
also in monthly, price is sustaining above middle BB, and recently price closed above upper BB and BB is expanding.
sl - 29, 1st tgt - 80, 2nd tgt - 110, long term tgt - 140
indiabull real estate looks bullish in medium term to long termIn monthly, round bottom formed here.
in daily, price broke out of descending triangle consolidation with increasing volume.
with sl - 188, 1st tgt - 352, 2nd tgt - 570, long term tgt - 790
bharat gears looks bullish in short to medium termIn daily, cup and handle formed and breakout happened with high volume,
in weekly price is in strong uptrend and sustaining above 20 ma,
with s l - 175, 1st tgt - 245, 2nd tgt - 280
