Vineet Labs:Likely Rounding bottom breakout and the 10DEMA Golden crossover in weekly chart suggests a breakout from the present 68 levels to 78. Spurt in volume strengthens the view. (For educational purposeonly)
QUESS CORP:Slide down from the last year high of 990 to360.The stock after a deep consolidation seems has started its upward journey. My logic behind picking this stock is as below": -Formed double bottom/C&S -Fibonacci Retracement from a low of 335-Indicates retracement to 570 followed by 670 -10DEMA Ave crossover The above factors indicates a move towards 570...
SPARC: Exhibiting the characteristics of likely Inv.Head &Shoulder pattern. Consolidated from 260 to 160 and bounced back shortly.It can be noticed that during its fall from 260 levels to 160 the sell volume was moderate and while completing the right shoulder increase in its volume can also be notices-which are the characteristics of a typical Inv.Head &Shoulder...
BANK NIFTY:Though it moved from 42600-43600 the candle pattern was not at all convincing as in the last 3 days it managed to form DOJI Pattern-sign of indecisiveness and tug of war between Bulls and bears. But todays candle stick pattern looks more convincing as the bearish gap got filled and Bank Nifty managed to form a solid bullish candle. Rounding bottom in...
Intense Technologies:After 15% correction from the high of 85 to 75 has given a 52 week break out. Sustained volume surge and 10DEMA Golden cross over, rounding bottom in daily chart indicates the possibility to test 97-100+ (For educational purpose only)
NITCO: Has for med a double bottom in long term weekly chart.Likely Neckline/Trendline break out indicates a Target of 30+.(For educational purpose only)
IITL: Formed a Long Pole consolidated a bit to complete Ple & Flag pattern. Neckline breakout at 180 suggests a positional Target of 200 (For Educational purpose only)
NIFTY :Yesterday closed at 19133 continuing with the higher highs set up for the 3rd day. SGX and global cues indicates a huge gap up opening and is likely to open at 19250-300+. Between 19100-350 around 90.00Lakh Call writing indicates there is going to be huge short covering.In the event of such a huge gap up need to see whether it sustains at 19250+ levels as...
HCL Tech: Has bounced back after a brief consolidation.Above 1285 THE CHANNEL breakout looks stronger .As 10DEMA shows golden cross over likely to test 1300+ on sustaining above 1285. (For Educational purpose only)
LT Foods: Has given a nice channel breakout.10DEMA Crossed over all other Moving averahes. Break out pattern, Moving Ave golden cross over, Price &Volume action indicates possibility to test 200.(For Educational purpose only)
BANK NIFTY:Bank Nifty following global cues likely to open with the gap. If so keep the immediate Resistance as the support and trail as mentioned in the chart
CAMBRIDGE TECH ENTERBRISES : Has formed Inverted H&S Pattern in daily chart .Neckline breakout/resistance line lies at 75.If holds above 75 likely to test 100 as per the IHS Pattern(For educational purpose only)
HIMATSINGA SIEDE :Could see volume build up while forming the right shoulder and is placed at 152-155 its neck line resistance. As per the inverted Head &Shoulder patern if breaches 152-155 likely to test 170-175 (For educational purpose only)
ELECTRONICS MART INDIA(EMIL): Even in the weak market it shows potential.If holds above 160 likely rounding bottom break out towards 170-+ (For educational purpose only)
SPANDANA SPHORTY FINANCE: Channel break out with volume,EMA Golden cross over indicates a stronger further upside.As per the pattern it is likely to test 900+ (For Educational purpose only)
SADHANA NITRO: Consolidated from 90 to 80 levels and in the process formed double bottom . The stock stands at its neckline break out levels. Double bottom and surge in stock price is an indication that the stock after a prolonged consolidation phase is gaining momentum and the surge In volume suggests a likely neck line breakout towards 100
Muthoot Finanace:Seems rounding bottom break out is on the cards.EMA Golden cross over also adds up to the belief to go long for 1330 TGT (For educational purpose only)
AUROPHARMA:After consolidation showing signs of reversal.Double bottom pattern in 30M Time frame chart indicates a breakout above neckline 1667 towards 680 (For educational purpose only)