Banknifty's price action today showed strong conviction among bulls. It seems to touch a new high this time.
IRCTC can move towards 1300 levels from here considering the price action.
Laxmi Organics can double from this level as volumes are good and downtrend has ended on weekly timeframe.
Godrej industries forming cup and handle and looking good for 700-750 levels.
Trident broke out from donwtrend with good volume. Can see in 3 figures in 18-24 months.
Greenpanel is getting ready for a breakout and headed towards 600+ levels soon.
IIFL Securities has broken a downtrend on weekly time frame and is expected to reach 130 levels.
Orient Paper has broken out of flag pattern and can extend further.
This stock can double from here as seen on weekly charts.
IFCI is setting up for a big rally. SL can be Rs. 9. Risk reward is very favourable in this case. One can see 35-50-65 levels in this as cup and handle is being formed on weekly basis.
TV18 is showing strength today and is placed well with inverse head and shoulder pattern on weekly. Can move towards 86 and 130 levels.
Quickheal is a notorious stock, moves very fast either side. If u have the risk appetite, u can enjoy the ride. It could double from here. Massive breakout on daily chart and weekly chart also given breakout.
Alkem Lab has given a weekly breakout of rounding bottom, this could head towards 6500 levels.
Dr Reddy after steep fall has given a breakout from a falling trendline on weekly timeframe. Possible targets of 5600.
Ajanta Pharma forming classing cup and handle pattern on monthly time frame. A break above 1800 on weekly closing will lead this to 3000 levels. Stock requires patience so invest accordingly.
Kalyani steel can move towards 390-400 levels as the stock has broken out of downtrend with volumes. RS has also turned positive.
Voltas is a buy at current levels but should be bought in tranches only. Results are expected in couple of days so ideally one should wait for weekly closing for making any entry. It can move towards 1350 levels. Movement will be slow and tough since multiple resistance at 1100 and 1200 levels. SL can be 715 on WCB.
ONGC has given a inverse head and shoulder breakout on monthly time frame. Can move towards 320-350 levels.