AARTI IND is showing strength at the blue trendline support and is creating a Bullish RSI Divergence as seen on chart.
I will buy when it shows a good bullish candle at the support level.
IDFC has broken out of inverse head and shoulders pattern and is in a clear uptrend.
The increased volumes are supporting the breakout and long should be initiated for returns of around 20% which is 2.24 times the risk as mentioned in chart.
For conservative traders who like to confirm a breakout should wait for the price to retest the blue line and then go long.
UPL has given a fresh breakout from daily downward trendline (Yellow).
A 1:2 Risk reward trade can be taken at current level ie 752 for a target of 818 and Stoploss 720
SAIL is sustaining its support and is very likely to move upwards from the current level. There is a minor RSI divergence in daily level giving another positive bias ,the support is very strong at the 115 level .Long can be initiated.
RR : 1:1.64
Target 135.6
Stoploss 112.35
Stock has broken out of of recent highs with volume spikes and now is consolidating now near support level .
A long can be initiated for a Risk Reward of 1.5
Stock is comfortably staying at 715 support with a breakout of hourly trendline could initiate long for 2.21 Risk Reward.
Stop Loss below the support at 705
Stock is in clear uptrend making Higher highs and Higher lows with small corrections .The upward moves are additionally supported with volume spikes creating a strong bullish bias.
Should give a blast move in coming days.
2.5 RR
PEL has broken out from a descending triangle pattern in daily chart. The stock is at a strong support in the weekly zone.
The breakout is supported by huge volume surge that can be seen more clearly in the 60 minutes timeframe.
A long can be initiated with a stoploss below the trendline as shown in the chart.
AFTER A HEALTHY CORRECTION FROM ALL TIME HIGHS THE STOCK IS MOVING IN AN UPTREND AS CAN BE SEEN IN HOURLY CHART MAKING HH AND HL ,CAN BE BOUGHT AS A PRE BREAKOUT .
EXPECTED TO MOVE ATLEAST 8% AFTER BREAKING OUT .
STOPLOSS BELOW THE HOURLY TRENDLINE SUPPORT .
RISK/REWARD 3 TIMES
STOCK BROKE OUT OF INVERSE HEAD AND SHOULDERS PATTERN AND WILL NOW TEST THE NECKLINE AGAIN IF GOOD PRICE ACTION IS SEEN A LONG CAN BE INITIATED WITH STOP LOSS BELOW THE NECKLINE AT 2625 LEVEL.
