Wipro (WIPRO LTD) has broken out of a descending channel with strong volume, indicating a potential bullish reversal. The stock is trading above the 9-day EMA, and the RSI shows upward momentum, suggesting a favorable buying opportunity. Considering these factors, a buy can be recommended with a stop loss around ₹520 to safeguard against a possible pullback, while...
In the daily time frame chart of Renaissance Global Ltd (RGL), I have identified a compelling Cup and Handle pattern, which is a bullish continuation formation that suggests potential for upward movement in the stock price. Currently, the stock appears to be in the process of forming the handle, a critical phase where consolidation occurs after the initial cup...
Ptc is in a uptrend and been consolidating for a while and given a triangle breakout with huge volume. This could be considered for swing trade with target of 300 in 5~6 weeks.
Date : 15-09-2024 ------------------------------------- Breakout (PICK RESEARCH TO OBSERVE) Edelweiss Looks Good @CMP SL 60 Target 157, 200, 243++ Hold Period : Few Weeks to Months Reason for Pick : Breakout, Above 20, 50, 200 SMA Please consult your financial advisor before investing All research for educational purposes only.
Market Cap ₹ 12,146 Cr. Current Price ₹ 3,003 High / Low ₹ 3,033 / 2,055 Stock P/E 17.9 Book Value ₹ 999 Dividend Yield 1.00 % ROCE 20.4 % ROE 18.1 % Face Value ₹ 10.
Date : 15-09-2024 ------------------------------------- Breakout Ready (PICK RESEARCH TO OBSERVE) MARICO Looks Good Above 695 SL 550 Target 749, 803, 910++ Hold Period : Few Weeks to Months Reason for Pick : Breakout, Above 20, 50, 200 SMA Please consult your financial advisor before investing All research for educational purposes only.
Date : 15-09-2024 ------------------------------------- IPO Stock Ready for Breakout(PICK RESEARCH TO OBSERVE) UNIECOM Looks Good Above 252 SL 185 Target 284, 317, 383, 514++ Hold Period : Few Weeks to Months Reason for Pick : Breakout, Above 20, 50, 200 SMA Please consult your financial advisor before investing All research for educational purposes only.
Date : 15-09-2024 ------------------------------------- Early Entry (PICK RESEARCH TO OBSERVE) ENIL Looks Good Above 251 SL 170 Target 284, 317, 350, 417++ Hold Period : Few Weeks to Months Reason for Pick : Breakout, Above 20, 50, 200 SMA Please consult your financial advisor before investing All research for educational purposes only.
Date : 15-09-2024 ------------------------------------- Reversal & Breakout (PICK RESEARCH TO OBSERVE) HEG Looks Good Above 2170 SL 1960 Target 2319, 2469, 2768++ Hold Period : Few Weeks to Months Reason for Pick : Breakout, Above 20, 50, 200 SMA Please consult your financial advisor before investing All research for educational purposes only.
Hello 👋 * Stock is in uptrend * Friday stock moved around 7 % * Trendline breakout & retest done * Inverted cup & handle in weekly tf * Inverted H & S in Daily TF * Gap down gap is filled in last week * Minimum coming target is already marked..it's around 11% * But stock is in its demand & supply zone..see exactly within that zone it's gone upside & downside...
Banknifty has formed Bullish Engluf candlestick pattern on weekly time. It is also taking support from multiple moving average channel.
Date: 15 Sept 2024 Timeframe: Daily Chart PTC India is currently in Wave III of 5 which is heading to 380-400 (65% from current price of 240) in medium term as seen in the chart. Wave III is likely to end around 300 levels. High volume also supports this headroom for an up move. This is not a trade recommendation. Please do your own due diligence and analysis.
Date 15.09.2024 Gujarat Alkalies & Chemicals Sector : Chemicals About Company : Gujarat Alkalies and Chemicals Ltd is a multi-product chemical manufacturing company and is one of the leading manufacturers of Caustic Soda Lye. Its manufacturing facilities are located at Dahej and Vadodara in Gujarat Regards, Ankur
Mahindra & Mahindra Financial Services Ltd. is an interesting consolidation breakout with following 1. RSI on all time frames (D/W/M) above 60 2. ABCD pattern under formation on Monthly chart 3. Major 20 Week SMA support near 290 4. Breakout of 16 months consolidation between 250-325 zone Will it sustain or will it Fizzle out ? Lets See How it evolves....
AMI Organics Ltd. is an interesting breakout 1. RSI on all time frames above 60 2. Narrowing Bollinger Bands on Weekly chart with Price walking on upper band A BREAKOUT Will it sustain or Will it Fizzle out ? lets see How it evolves. Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts...
Date : 15-09-2024 ------------------------------------- Breakout (PICK RESEARCH TO OBSERVE) PTC INDIA Looks Good Above 248 SL 163 Target 265, 281, 313++ Hold Period : Few Weeks to Months Reason for Pick : Breakout, Above 20, 50, 200 SMA Please consult your financial advisor before investing All research for educational purposes only.
Chart has formed Cup and handle pattern on daily time frame with crucial resistance at 360 which it has tested several times before it can go up if it manages to break this. Stock is trading at support of its 20 EMA and 100 EMA at 336. if it falls below this then next support will be at 319. RSI and MACD both are in bullish zone. Considering the above...
Date 15.09.2024 IRCTC Timeframe : Day chart Current Moving Average Spread As On 13/09/2024 20 Ema = 935 = Immediate trend 60 Ema = 958 = Short term trend 200 Ema = 926 = long term trend Price action on 13/09/2024 (Friday) Open = 936 = 20 Ema High = 957 = 60 Ema = Resistance Low = 935 = 20 Ema = Support Close = 936 = Near 200 ema / Support & Breakdown...