AshokRajendran

AshokRajendran

On a daily chart ASHOKABUILDCON has broken the trend line and now its retesting the breakout line. If it closes above the red line ~95 (which is historically a strong resistance on weekly timeframe) we can expect a good move of upto 10% on the upside and the target can be kept if it touches the green line somewhere around 110 (but it can move beyond that as well...

AshokRajendran

ACE is another stock which has broken the parallel channel and also looks good after retesting... ICICI Broker has also given a target upto 290... Looking at this breakout we can expect it to move atleast 10% from the CMP but Iooks like there is a strong resistance(blue line) if it is not able to break that resistance, it might take more than 2 months to achieve...

AshokRajendran

PrincePipes has been trading in a channel pattern for more than 2months and now it has broken the channel on the top side and we can expect it to move up 10% from the breakout. The target I have kept is based on the height of the channel pattern. It may retest the breakout based on the market sentiments. #personallyinvested Disclaimer: Kindly consult your...

AshokRajendran

IRFC has been trading on sideways from the IPO date until today, and it has broken the resistance on trendline. If the market sentiments goes our favour we can except the stock to touch its ATH in the next 3 months. Disclaimer: Kindly consult with your financial advisor before taking any trade!!

AshokRajendran

CDSL has formed an Ascending Triangle pattern after touching its ATH on JULY2021. After the results on NOV2021, It has broken the Ascending triangle pattern at the top and we could expect it to march towards 1700 before its next event date. I have calculated the target based on the height of the triangle pattern, the target may vary from 10% to 20% on the upper...

AshokRajendran

GUJGASLTD has formed a slightly good parallel channel on a daily time frame and it has broken the channel on the downside and looks like it is doing a retracement. But the RSI indicates little different as it is near 30~ this indication looks like a false breakout and based on Trend based Fib retracement we can expect it to touch the previous high if it moves back...

AshokRajendran

IDFC FIRST Bank has formed a perfect channel pattern on a daily chart on a downtrend and now it has started its upturn from the very bottom. If this continues breaking the (blue)trend line, we can expect it to reach till 50 before its next event date. Disclaimer: Kindly consult with your financial advisor before taking any trade.!!

AshokRajendran

On a daily chart HDFCAMC has broken the trendline and it also formed a parallel channel pattern for the past few months on the daily chart and also on a 1hr chart. Lets see if this trend breakout marches towards the previous high!! Disclaimer: Kindly consult with your Financial Advisor before taking any trade..!

AshokRajendran

On a Daily Time Frame, MUTHOOTFIN has broken a perfect Channel Pattern and formed a Triangle pattern after the Channel Breakout. Lets see if it breaks the triangle pattern and touches 1700 Level on/before the next Event Date in Aug 2021. ( The 1700 range is taken based on the height of the Channel pattern.) Disclaimer: Kindly consult with your Financial Advisor...

AshokRajendran

On a Daily chart HDFC Bank has broken the trend line with good retracement and formed a strong bullish candle. Lets see how long it takes to brake the all time high!! Disclaimer: Kindly consult with your Financial Advisor before taking any trade.