SBI Cards, a 9 momth old stock in market, made a new high in August (18 Aug) and then given close below 800 on only 7 days till today. So 798-800 has become very much strong support. The stock is seemed in a channel, now attempting to break it. As n When daily close is above 855-860, stock may give good upside. First target 920, eventually leading to 1000-1020.
Ultratech cement, a leading cement player in India, made previous ATH at 5259, from there made W pattern and today gave breakout of that pattern. Poised for next strong upmove... Certainly a capital multiplier to keep under watch, hold. No investment advice, Do your own Due Diligence.
West Coast Papers, an efficiently run paper company, gives a possible breakout from downward sloping trend line. Also, it may also give triangle breakout simultaneously. Buy above weekly close above 177 (200 day EMA too around same level) for first targer of 205 n eventually 216 aa 2nd target. No recommendation, Do your due diligence.
Drawing on chart. Horizontal Blue line is first target.. Take your informed decision.
Dredging corp, kind of monopoly business in PSU space. Disinvestment candidate, may be. Levels as shown on chart. Can really fly above 340. No recommendation, Do your own research.
Weekly close above 325, will take this MNC stock to ATH. Today only it gave almost 7% move. Specialised in paper/packaging solutions, this is the company whose value needs to be discovered by the market.
Levels shown on chart, Once the band of 330-370 taken out. Consumer discretionary play alongwith disinvestment candidate. No investment suggestions, do your own research.
Buy level 75-77. SL around 70, Target as per Fibonacci shown in chart. NOT an investment/trade recommendation... Do your own study and risk mgmt.
Glaxo's chart attached... Following it from 1475, perfectly following the support, resistance lines. Approaching All Time High level now, which will be around 1930-1940. Take your decisions as per your risk profile. No recommendations.
Having crossed a major resistance line at 160, chambal fert. stock is expected to move to a higher trend line resistance at 173 and then to 185. Chart as attached. This is just my opinion and not an investment/trading advice. Do your own analysis before trade.
Given a break out at 310-312 level. Stoploss and targets as shown in chart. This is just an opinion based on my study.. NOT an investment advice.
Keep observing this stock. Potential flag breakout to be watched out for. If weekly close above 320, potential strong upmove expected. This is just for study purpose, NOT a recommendation to trade/invest.
A "W" pattern is seen to be formed while the previous trend was upward . Keeping 28.30 SL, one can think abt buy at cmp for target of 35-36. This is NOT a recommendation to trade/invest but just my opinion.
A possible Cup n Handle formation will be completed when there's a break of Handle channel with volume. Keep watch on 520-525 weekly close as entry with 495-505 as stoploss. Targets can be 575, 625, 700.. Just an opinion and NOT an investment/trade advice.
Ultratech cement scrip is trying to cross major resistance band of 4465-4525... It had tried 9 times to cross this band. If weekly close above upper level of the band then upside can be expected till 4750-4800-4900... The resistance band will be then taken as support.
Buy between 690 and 720 with a stop loss of 600 and eventual target of 1000.. NOT a recommendation to trade/invest, ONLY for self assessment/study purpose.
If someone wants to test his/her patience, then look at this stock... Historically small candles are seen and then big breakout candles (both sides). Even being in IT/ITES field, low volume and low movement are seen. The stock should break the levels shown in chart with decisive big candles with volume. Views expressed are just for educational purpose and just...
Vasundhara Rasayan Ltd, an antacids API manufacturer, suppliers to likes of Abott etc, shows a text book style Cup & Handle pattern on weekly chart. Decide as per your risk profile. This is NOT an investment advice.