AK1808

AK1808 Updated 

It has formed morning star pattern on daily chart... Closing below 17500 on monday in Nifty can lead to minor correction, till 17250 - 17200 levels...

AK1808 Updated 

After making a whopping gains of 92% in just 2 months (March - May 2021), stock is now consolidating and has made a descending triangle pattern on weekly chart. Now one can keep this stock in watch-list and wait for any breakout. This stock can be kept for long term investment, as company holds promoters as majority stakeholders, with increasing FII participation.

AK1808 Updated 

Stock has made descending triangle pattern on daily as well on weekly chart...also, it has given breakout on daily chart from tirangle pattern. Now one can watch for any retest of the trendline and consider for long positions, staying above the trendline. Entry, SL on chart. Target may be new high, if succeeds.

AK1808 Updated 

Stock is trading near its multi-year resistance of 135-136 levels..also has formed inverted H&S pattern on weekly chart. Now, one can keep this in watch-list and watch for any breakout and closing above its resistance for long positions. Also consider as long term holding, since it has promoters as majority stakeholders and also with high institutional (FII/DII)...

AK1808 Updated 

After giving whopping 75% (360-630) returns in a month time-frame, now the stock is consolidating and has made triangle pattern on daily. Now, one can keep this in watch list and trade if any breakout happens. Even, this stock can be considered for long term investment, where promoters are majority stakeholders with increasing participation from FII, DII and NII as well.

AK1808 Updated 

Stock is making strong support base at around 657-660 levels, which is tested and held multiple times....also volume has dried up after a sharp correction and its making morning star pattern on weekly chart* (too early to comment)...now one can consider long with SL 655-658 on weekly CB with target of 700,730 and above.

AK1808 Updated 

Stock has formed morning star pattern on weekly chart...also holding strong support at around 76-78 levels..one can consider long position with SL 78 on weekly CB

AK1808 Updated 

Morning star pattern on weekly chart...SL, Target on chart

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The above chart pattern is known as Symmetrical trianlge or just Triangle pattern, where the stock makes lower highs and higher lows over a period of time. And, one can expect good movement in stock after either breakout or breakdown occurs. Here, Ipca Lab have given breakout and also made new 52 week high today, after Oct 2020. Also, ascending and descending...

AK1808 Updated 

The stock had faced resistance at around 826, multiple times. And once after breaching, now the same is acting as support. Also 887 level is also near resistance for the stock. Now, one can consider long position with SL 826 and below on weekly CB and targets as mentioned on chart, with nearly 1:3 RR.

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Stock is trading near multi year resistance level of around 330-340....have formed morning star pattern on daily chart..now any closing above 340-345 level on daily closing basis, longs can be initiated with SL 325 on weekly CB...hoping for breakout and positive momentum to continue

AK1808 Updated 

Currently trading near multi-year high...can consider long with SL: CB 1340 on daily basis for breakout above 1500 levels and more !!!

AK1808 Updated 

Stock has made small, considerable morning star pattern on daily chart...with the results to be declared in next week, one can consider going long with SL 103 on daily CB with initial target of 120 and above

AK1808 Updated 

Stock in on verge for breakout in coming weeks, months...one can consider long with SL: 80 on weekly closing basis with initial target of 128/130...

AK1808 Updated 

Stock is trading in an symmetrical triangle....can be kept in watch list and trade accordingly, after either breakout or breakdown..hoping for breakout

AK1808 Updated 

Stock is facing resistance near multi-year resistance of around 16.50 - 17....watch for any potential breakout and weekly closing above 17 for long positions...SL would be closing below 14 on weekly closing basis

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Stock has made good pattern on monthly chart and hope the breakout happens...one can consider long with SL 265 on monthly CB with targets of 320 and 370 resp...

AK1808 Updated 

Stock has given a good breakout and sustaining above 33 on weekly CB can be considered for long positions, for long term investment