Chartworld1

Chartworld1

Hindustan Copper can move to 400+. Breakout and Retest. Please check monthly chart for more details.

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HAL has given Cup and Handle Breakout on weekly timeframe after taking support at AVWAP. Can move towards 1475-1500+ levels

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Sobha had a breakout of inverse head and shoulder, retested the zone and again moved. At great buying level currently. Can be a positional trade with 690-700+ targets in coming months.

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PEL presently at the lower end of channel in weekly chart and has formed a bullish candle. Presently close to 200 EMA so R:R is pretty good. Can move for another 600-700 points i.e. towards 2300 levels.

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Indian Bank looking strong by looking at price volume action. Broken out of falling trendline from top with cup and handle pattern. We can expect this to move towards 280 and then 400+ levels. RS is already +ve so trade can be taken else one can wait for 200 EMA to be taken i.e. around 158-160 levels.

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Monthly Cup and Handle breakout. Can move towards 330+ and even more considering its current shareholders. Expecting good results.

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Finolex Cables can move towards 750+.

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Flag breakout in CNX MNC. keep a close watch on stocks of the index.

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Tech Mahindra moving in a flag pattern. Conservatively can go upto 1030-1050 and once broken that with volume can move towards 1100+.

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Canara Bank posted good results this quarter but NPA's are very high. It's one of the better PSU banks. Currently trading below all key moving averages. It's for only value investors only who can hold for long time. This trade could be for 2-3 years(even more considering its PSU bank). One can allocate small capital after each resistance since there are plenty of...

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After excellent results this is ready for another rally. Keep in radar.

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Reliance forming saucer and handle. Near key moving averages. RS is just above 0. Can we see a 200-300 point move soon. Keep a close watch on this. This could lead the market higher.

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Britannia up from the ABCD Bullish harmonic pattern on spread chart. Looks like bottom is made around 3400. It can move towards 4000+. FMCG index at a critical juncture but can prove to be a dark horse.

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NBCC at good R:R. RS is +ve, trading above all key moving averages and AVWAP in weekly time frame along with heavy volumes. Any closing above 52 can give a significant upside. One can accumulate but capital allocation should not be more than 5-7%. SL can be kept 30.

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Nifty Commodities weekly chart showing shooting star on the upper end of the trendline. I would be booking profits here until a close above 5090.

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Granules at great buy level. Breakout and retest level. Results were good. Can move towards 450+

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Realty index is showing strength. Keep a watch on DLF, Sunteck Realty and Godrej Properties.

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Deccan Cement in strong momentum. Monthly chart looking very good. This should test 650+ very soon.