Volume
Fusion Micro Finance about to give Bullish Pennant pattern breakWeekend Pick 3: Fusion Micro Finance
Fundamentals : Strong FY 23, consistent on Sales, Profits and EPS. High Reserve Vs Debt Free.
Technicals : At the verge of Bullish Pennant pattern Breakout with heavy volumes.
R 1: 665
R 2: 720
R 3: 790+
S : 540
SATIA looks attractive, Bullish Harmonic Pattern ActiveWeekend Pick 1: SATIA
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Increasing Reserves vs reducing debt. FII holding increased significantly..
Technicals : Bullish Harmonic pattern active + strong reversal indication with high volume..
R 1: 160
R 2: 180
R 3: 200
S : 110
Double Bottom Pattern breakout with Huge VolumesNSE:SREEL has recently broken out from a double bottom pattern on the monthly chart, and this breakout was accompanied by significant trading volumes. In addition to this, there was a multi-year breakout with good volumes.
The combination of a double bottom pattern breakout with huge volumes on the monthly chart and a multi-year breakout further strengthens the bullish case.
Cup Pattern Breakout after 8 yearsThe stock recently broke out of a cup pattern, and what makes this breakout noteworthy is that it occurred after 8 years. Additionally, there was a multi-year breakout, and during the formation of the cup pattern, there was good volume accumulation.
This combination of a cup pattern breakout after a long consolidation period of 8 years, along with multi-year breakout and volume accumulation, suggests a strong and well-supported bullish move.
Blue dart - Ready for 20% breakoutAfter a year long consolidation Blue Dart is ready for a ride. The stock has started making higher lows and about to start making higher highs!
Blue Dart is soon reaching for its resistance of 7535 and it will breakout from there. But before the breakout it should retrace to its previous breakout level of 7080.
Keep an eye on the stock for its breakout at 7535. A retest to 7080 will see more accumulation in market and give opportunity to those who believe in going for value with a risk.
CMP 7384
Retest/retrace level: 7080
Breakout level: 7535
target: 9000 (20% from 7500)
Ready for breakout - EID ParryEID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs.
Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon.
CMP: 565
Breakout level : Today's high (579)
SL: 560
Targets : 540 / 700
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Great volume breakout in Balaji AminesBalaji Amines almost gave a long pending breakout today.
High level of volume seen today, adding to confidence for its breakout soon.
The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295.
First target will be 2600 where resistance can be seen.
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.