Strides Pharma moving in a flag pattern along with making ABCD harmonic triangle pattern on weekly chart. Can move towards 1000+
Atul Auto consolidating in a box since last year's fall and has not moved at all. Looking at volumes there are chances of this moving to 300-400 levels. This is a risky trade so please act accordingly and keep positions small.
HDFC taking support at AVWAP levels. 2633 is an important level to break for an upmove upto 3000 levels.
Nifty Fin Services can breakout from inverse head and shoulders pattern very soon. Keep a watch on HDFC, ICICI Lombard, HDFC Bank, SBI Life, Shriram Transport.
HDFC Bank moving in a bullish harmonic butterfly composition. Taking support at the trendline and AVWAP. If this is sustained, 1650+ levels are open then. This stock has struggled in recent past but might move higher after giving a small dip and moving ahead.
Copper forming a bullish bat harmonic pattern on daily time frame. Can move towards 860+ levels.
Bluestar moving in a harmonic ABCD triangle. can move towards 975+ levels
M&M is in consolidating in a box and in the process of breakout after taking support at 50 EMA. can move towards 1000 levels soon. Only worrying concern is the selling volume. Once the selling is over, this might move up.
The stock is moving above key moving averages on weekly chart. If one has patience it can move towards 800 levels once broken out. This might take time but can move towards the said level. March 21 results were very good. Allocation needs to be small in this counter.
Federal Bank moving in a inverse head and shoulder pattern on weekly time frame. Any breakout with volumes would lead this to 125+ levels very quickly.
Exponential volumes seen along with Inverse head and shoulder pattern. This could move towards 200-250 levels very quickly.
Airtel is a bear stock but moving in a cup and handle, ABCD triangle and taking support 50 EMA. Can move to 620+
Sanofi moving in a box and on the verge of falling trendline breakout. This could move towards 9000+
Cipla moving in an ABCD pattern in a rising channel. Taking support at the lower end of channel. Can move towards 1015. If breaks that then it could be a 500+ points move(looks unlikely to me)
Ajanta Pharma can prove to be a dark horse among pharma pack. Results were good for March 21 so should on radar. Currently consolidating in a box and if the levels of 1970-80 are sustained then we are looking at 2500+.
TVS motor is moving in head and shoulder pattern. A block deal was done recently and this shifted to stronger hands. There is a big gap which if not filled can move this to 750+ levels and then to 1000 as well. March results were really good as well. Stop loss should be 570 which is the gap.
LTI after a downfall, has consolidated for a few weeks and is now ready for upmove. Breakout of Cup and handle and a falling triangle pattern. Can move towards 4450. Moving beyond that levels could be very bullish and aim towards 6000.
Kotak Mahindra Bank at a critical juncture at this point. After consolidating in a box for last few months between 1700-1825, this is on the verge of a breakout from box. Support at long term trendline and bounced from there. Looking at price action there could be a quick shakeout before this moves to 2200+ levels. keep a close watch.