Uptrend
mastek looks bullish in short to medium termIn daily, price trading above strong resistance zone, volume supporting the up move, also hidden bullish divergence formed here,
in weekly, candles are riding the upper BB and BB is expanding and trending up,
in monthly, we can see the overhead resistance at 500
with sl - 340, tgt - 500+
jindal steel looks bullish in short to medium termIn daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here,
in weekly, BB is trending up and candles are sustaining above 20 ma,
in longer time frame, round bottom forming here
with sl - 150, 1st tgt - 177 2nd tgt - 208, long term tgt - 343
bharat bijlee looks bullish in medium to long term.In monthly, it has formed a round bottom pattern, and breakout happened with high volume, now it is retesting the breakout level,
in weekly, it is bounced from trend line support and hidden bullish divergence is formed here,
also in daily, after a downtrend, trend line resistance broken with good volume and regular bullish divergence is formed also
with a sl - 700, 1st tgt - 1900, long term tgt - 3600
TATACHEM: Triangle BreakoutTATACHEM breaks out of a COIL (a symmetrical triangle) with fine participation from volumes. Add to this fact, that on the daily chart, there was an Inside Candle on Friday's close. The underlying trend is UP and well established, which is clear from MACD. Fine support from momentum indicators too - CCI and RSI suggests further upside on the cards. Looking for a target of 770-775 on a positional basis.
jamna auto looks bullish in medium termIn weekly, it is in strong uptrend. also it closed above upper BB with high volume and BB is expanding.
In daily, price broke out of previous peak with high volume,
fundamental wise - it is making consistent profit, positive cash flow, valuation moderate, good ROE.
with an initial sl - 54, one can ride the uptrend here.
samkrg piston & rings looks bullish in medium termIn weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding,
In daily also price broke out of horizontal resistance with good volume,
fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to peers, healthy dividend payout,
with an initial sl - 290, one can ride the uptrend here,
big ascending triangle forming in NestleIn weekly/monthly, ascending triangle is forming here, also 7300-7450, is a multi year resistance zone.
So after breakout the pattern will be confirmed, and we can get a tgt of 9200+
In shorter time frame, trend is up, BB is is trending upward and candles are riding above 20 ma,
we ll discuss in detail about the tgts and sl, post breakout
Rpower - At verge of RevivingIt has been observed on the daily chart that the price action rebound on the strong support zone of 38-39 previously and now, it has done it. It is indicating a good buying at those levels and now it shall boost this rally further up.
As per fundamentals, It is trading a low P/E and below its book value which is another good value addition for buyers to initiate in it. Now, if it stays above 39 levels then it shall further rally up from current levels.
Short Term View,
T1- 42
T2 - 44
SL- 39
Longterm:
T1- 50
SL 36