PFC forming a very textbook pattern, breaking of the upper trendline can blast it to new heights. A very potential stock that can give stellar returns. Patience will be required to hold it if it breaks the uppertrendline. Trading doesnt make money. Patience does.
The Perfect place to go long for a Stock is at dips, if you believe the company is fundamentally robust. ITC is at a place where you can go long at 203-205 levels with a very tight stop loss of 196 with the upside of 220 and subsequently 240 levels.
A tight stop below the zone with the target for the upside at 1220 can be considered. Havells has quarterly results coming up in 11 days. A good result can further boost the stock on the upside.
SUNTV at very crucial levels in weekly timeframe. A second weekly closing above 565-567 levels can further surge the price of this gem to 650 to even 800 levels
Kotak Bank in a triangle zone. Kotak Bank has quarterly results coming up in 17 days now which can act as a good catalyst in order for it to break the the triangle on the upside giving us the first target of 2000 which happens to be a good psycological round number as well. A daily closing below 1670 can be considered as a Stop loss. A good risk to reward indeed!
A beautiful breakout on the daily timeframe along with the convergence of the breakout of the the triangle pattern giving the opportunity to go long on TCS.
After nearly 4 months of consolidation, US OIL about to break the crucial zone of 67-68 to witness 75 levels. The bullish momentum above that can zoom the price like anything!
Naukri breaking out of a descending triangle pattern on a daily timeframe. Has the potential to go till 5870 levels with a tight stop below 14th June candle making it a great risk to to reward for a trade
Technical Outlook- 2200, an important round number, seems like a very good support on charts.
Fundamental Outlook- Goldman Sachs reiterates Buy on RIL, commentating on Underappreciated Retail Growth Opportunity citing their:-
Kotak Bank at a very intresting place. The breakout on upside can make it see 1990 target. Also the the brekdown of 1685 can make it go to even 1600 number.
