Targets : 384 Sell range : Below 408 Stoploss : 439 Duration : 3-4 weeks
Daily timeframe chart of this stock (CASTROLIND) has been in a sharp down trended move over the last few sessions..
Presently, the stock has witnessed a breakout of an “Inverted Bearish Flag” pattern on the daily charts with surge in volumes. After a sharp downside...
Targets : 265-275 / Higher Buy range : 245-250 Stoploss : 224 Duration : 3-4 weeks
The stock price as per daily timeframe has been moving in a consolidating sideways range over last few weeks and has been moving consistently making similar tops and higher bottoms (black converging lines).
After showing such decline of the last few...
Targets : 3765-4073 Buy range : 3565-3580 Stoploss : 3335 Duration : 4-5 weeks
Looking at the Daily chart, stock has seen tremendous rally from the bottom of around Rs 2772.85 (December 23,, 2016) and rallied till Rs 3799.50 (May 15, 2017).
Subsequently, the bullish momentum got cooled off and stock gradually corrected till Rs...
Targets : 2915-3070-3235 Buy range : 2530-2550 Stoploss : Below 2250 Duration : 4-5 months
Looking at the weekly chart, stock has seen tremendous rally from the bottom of around 2255 (April 17. 2017) and rallied till 2637 hitting a 6 month’s high.
Presently, the stock price has staged an upside breakout of the weekly consolidation around...
Targets : 104-108 / Higher Buy range : 88-91 Stoploss : Below 79 Duration : 3-4 weeks
After showing a sharp downward correction over the last 5-6 months, The Ashok leyland has shifted into consolidation over the last few weeks, as per weekly timeframe.Share has hit one month high on 26-May-17.
Presently, the stock price has staged...
Targets : 399-378 Sell range : 427-420 Stoploss : 452 Duration : 3-4 weeks
The attached daily timeframe chart of this Oil drilling & Exploration sector participant (PETRONET LNG) is indicating a beginning of a sharp weakness in the stock price.
The stock has hit 52 Week high on 22-May-17, this gradual upmove of the last 4-5 months...
Targets: 639-616 Sell range : 683-673 Stoploss : 709 Duration : 3-4 weeks
Rationale : :
Attached Daily timeframe chart of The Ramco Cements is indicating a bearish trend reversal, as the stock price has given a negative breakout from an upward sloping channel, with sudden rise in volumes.
The attempt to move up in the last couple of months have...
Targets :1317-1305 Sell range : Below 1395 Stoploss : 1450 Duration : 4-5 weeks
The attached daily timeframe chart of this Private Sector-Bank participant (Indusind Bank) is indicating a beginning of a sharp weakness in the stock price.
The gradual upmove of the last 5-6 months seems to have completed, as the stock price has started...