There are two possibilities here :
1. Either the stock will continue the trend but the volume doesn't suggest so.
2. The weak hands will start exiting at current levels as it's a good resistance level. Wait for some retracement to start building the position. Better to buy as close as near the key zone level.
Around 20 days of consolidation and VCP
Not making any new higher highs or lower lows recently
A perfect setup for breakout
A pharma giant may set the tone for rest of big pharma stocks too maybe
Target 1 Done | 28% Gain in 53 days | Goodluck
The entry was triggered at 302 on 15th Nov 2021, after which the overall market witnessed a correction.
Fortunately, after the entry the market structure held well and the SL placed at 259.40 remained intact. Actually the market missed the SL of 259.40 by a whisker. Whew.
Goodluck formed another low risk pivot...
Dwarikesh Sugar: Will it continue its momentum and give another +22% gain?
Post its breakout, the stock has consolidated well below Rs 100 range. This consolidation has been supported by excellent volumes too.
The past two week price action is indicative of likely strong up moves in the coming weeks ahead.
My expectation is that 119.80 should be most likely...
Ideal VCP observed in HFCL
Buy at CMP
SL below 68
R:R -- 1:2 and more
volume drying up during consolidation and expanding in up move
95 is crucial resistance if break with volume then we may see good up move
Market Cap-- ₹ 11,322 Cr.
ROCE-- 19.7 %
ROE-- 13.5 %
Promoter holding-- 39.2 %
FII holding-- 7.19 %
DII holding-- 1.44 %
Debt-- ₹ 710 Cr.
Public holding--...
NSE:JUBLINGREA
Inverse Cup & Handle Support Tested
Pattern Formation (Retracement from Top) with Low Volumes
Swing Trade for Short Term
Buy at CMP for Tgt 620-630
Positional Trade for Mid Term
Buy Only Above 640 WCB for Tgt 840 - 1025
SL : 490 (Strict Exit)
Positive RSI Divergence, will become stronger once weekly RSI>55
