Chartworld1

Chartworld1

Silver after consolidating for long, ready to move towards 78K and 89-90k levels. Supertrend on weekly timeframe has turned green.

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Smallcap index taking support at 50 EMA on weekly chart. Also at Supertrend support. Any break below this could lead a significant fall. If Smallcap index makes a comeback, the market can move up.

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Prince Pipes looks good to move towards 800+ levels soon considering the breakout of falling channel with significant volumes. FII's have increased stake in last quarters. RS is near 0 Line so R:R is good. SL can be a small 8-10% This could be a counter for long term.

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Breakout seen of a downward channel with decent volumes. RS is +ve showing strength in the counter. Can look for 18-20%+ move from here

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Cup and Handle breakout in Gujarat Gas with decent volumes. RS is +ve. This could give 20-25% returns.

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Nitin Spinners has given a cup and handle breakout. RS is positive. This looks good for 30%+.

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Tinplate forming a rounding bottom and a saucer pattern on weekly time frame. Considering FII's have increased their holding, this could move upto 450 levels which is a return of more than 50%. Price action in daily time frame looks good.

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Goldbees consolidating in a tight box and a triangle since Jun'21. Can give a big move either side now. Looking at PA, i can look at an upmove.

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Mayur Uniq forming Cup and Handle Pattern on weekly chart. Any close above 550 on WCB can open doors for big rally. The size of the cup is quite big.

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Redington is forming Cup and Handle on daily time frame. Also volumes are good for the breakout to happen with Supertrend being positive and RS is also +ve. Could be a 20% swing trade

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Visaka Industries has given a falling trendline breakout after a decent fall for 300 points. Volumes are still low but once increased can be looked at as a swing trade.

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Biocon has given a falling trendline breakout with decent volumes and is close to 200 EMA. Offers good R:R. RS 55 is also +ve so a long trade with 7-8% stop can be taken.

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Hindustan Zinc has a swing trade set up of upto 25-30% from current levels as it is near the lower end of the long term channel. RS 55 is +ve and long term RS(123) is in the process of being +ve. SL can be 295. Offers good R:R. Note: Market conditions are volatile, please trade with SL and have less quanity.

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Alkem is taking support at last breakout on weekly timeframe. Volumes were significantly higher since Pharma sector will now be flavor. This could give around 15-25%(depending on market condition.) RS is still +ve and RSI is in oversold zone. We can see a pullback. SL should be around 3100(WCB)

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HDFC Life is looking weak as it is forming head and shoulder pattern near 200 EMA. If breakdown is confirmed then a trade with 1:3 (R:R) can be taken. I would wait for RS in 2 hour time frame to turn negative before taking trade.

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Affle forming inverse head and shoulder on weekly time frame. Any close above 1230 would lead to a 25-30%(even more if market supports) increase quickly. Trade with Strict SL of 1000(WCB)

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Motilal Oswal was +ve in a market where there was correction all round. Forming ABCD harmonic triangle pattern and also RS is +ve. If market conditions improve in the coming days, this could give returns of upto 40-50%.(Targets might look high but are achievable with 12 month horizon.) Please trade with Strict SL here of Rs. 850 on DCB.

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Sterlite Tech can be a good hold for 18-24 months timeframe. Technically looks like an inverted head and shoulder on weekly time frame. It can consolidate for a few more weeks in the range of 250-275 but breakout above 300 can be huge for this scrip. Fundamentally, the big players have already made positions here ROE is 14% and Sep results were good. With the...