The stock made a high of 925 on 07th June 2021 and corrected nearly 33% from high. Also forming a kind of Wedge pattern on the daily chart. Entry can be taken from 660.1-661 with the SL of just 628.95, it can reach the level of 698.85.
The stock of Edelweiss given the ascending triangle breakout from 87 and reached the price of 100, in the longer daily time frame. Now it has retested the price range and reversed from the daily trendline with the formation of a double bottom kind of Price pattern. The neckline of the same is in the range of 86-87, Breakout from 87.1 can lead the Price to 93.8...
Sonata Software is trading in the range of 830-875 for the last 8 trading sessions, Which draws the Symmetrical Triangle kind of Price pattern in the daily chart. It has given a breakout of that triangle today. we can make entry from 901-902 with the SL of 883.95 for the target near 948.
The stock of MRPL is trading in the range of 44.5-45.5, Forming a resistance of 46, Breakout above 46 will be our Entry point with the SL of 43.95 for the Target of 48.5. It has formed HNS formation in the downtrend which is a signal of a possible trend reversal with the potential to up to the price of 52.
The stock has formed resistance of 680 zones. it is consolidation for nearly a month in the range of 620-670. Any breakout above the level of 680 can lead the price up to 744. SL can be kept below 749.95 after execution.
The stock has been consolidating for nearly a month in the range of 135-150, breakout from this range can lead the stock price to a level of 168-170, supported by strong volume and metal indices. SL can be kept below 134.95 for a given target.
IIFL has consolidated from more than 15 weeks in the range of 250-290. The stock witnessed strong volume in the first week of July, Breakout from the level of 290-292 can lead the price up to 338-340, with the SL of 249.95.
SPARC has consolidated near its weekly resistance of 270, Breakout of the same can lead the price up to 335-340. Stoploss can be kept below 239.95. Also given breakout from the strong resistance of 217 with strong volume support.
Eris Life has formed bullish pennant formation which signifies the bull run above 720 with the sl of 690 for the target of 789. ...
The stock is forming a bullish flag pattern on daily chart, Entry from 176.1 with the sl of 166.9 for the tgt 189.9/198.65
The stock of Persistant is looking bullish once it will break the range of 2560-2565, as it consolidated for nearly a month and sustaining on the verge of strong resistance. target should be in the range of 2640-2678-2760 for the stock. SL should be below 2519.95.
HGS is expected to give breakout of the consolidation, Entry can be Above 1705-1707 with the SL below 1683.95 for the target of 1747-1749. The stock is consolidation in that range from last two weeks, Closing above 1700 can lead upto 1845
The stock is looking bullish above 485-487 levels as is on the verge of breakout of the Falling Wedge price pattern, Breakout of which may lead the price to 545-547 levels with the stop below 447.
The stock is fornming the Peannant kind of countinuos pattern which will give breakout above 2010.1-2013, Stop can be placed below 1974.95 for the target of 2089.6.
Formation of falling wedge in ISEC can lead the price in the range of 457-459 , If any breakout above 423-425 price range. SL can be kept 399.65 for the Given Tgt.
The stock has formed a Falling wedge kind of Price pattern which is signalling the correction is over for the stock. Any breakout above the price of 730-732 can lead the price to the level of 7%-10% upside in the stock. Stoploss should be mantained below 707 for aggresive traders and below 690 for conservative ones.
Consolidation breakout in Powermech stock is expected in the range of 573.1-575. The stock is consolidating from more than a month in the range of 510-575, Breaakout of which can lead the price higher than 620-623 zones. The stoploss should be kept below 550 in this trade.
TastyBite has shown signs of reversal and formed a Dragonfly Doji on the support zone. Any breakout above 14365-14400 with the Sl below 13500 can lead the Price to the level of 15500-15600 zone, It can also reach above the 16000 mark if supported by the strong volume on the breakout.