Chartworld1

Chartworld1

US Crude Oil forming head and shoulder pattern on weekly timeframe. Can move towards 60 levels soon.

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Tata Steel has reclaimed 50 EMA in weekly time frame and can breakout out of a flag pattern. Has some resistance at 114 levels therefore can have downmove in between before moving up. Once crossed, can move above 150 levels.

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Tech Mahindra forming ABCD Bullish Harmonic pattern with breakout from box and reclaim of 200 EMA in daily chart. Can move 1500+ levels very soon.

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Ultratech has given a triangle breakout on weekly time frame. 8200-8500 levels possible. Once these are crossed then can touch 9800-10k levels. RS has turned +ve today in daily time frame. Not a trade advice but analysis of the price action.

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India Cement can move towards 300 levels after breaking downtrend and reclaiming key moving average's. RS is near 0 so offering great risk reward.

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Prestige has given weekly breakout after consolidation. Target can be 550-600. Have a look at DLF and Godrej Prop as well along with Realty Index to get a clue on the upmove.

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Hero Moto Corp has given falling trendline breakout on weekly chart. If this gives closing above or around the current level then we can expect 3400 levels. RS is also +ve in daily chart. This is only an analysis and not a recommendation to buy.

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Aditya Birla Money is in a squeeze in weekly time frame in a box and triangle formation. If closes above 68, can move towards 165 levels.

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Rico Auto has great price action, RS is +ve and given breakout on weekly chart with good volumes. This can move to 105+ levels soon.

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Bitcoin is expected to make a move upto 12K levels very soon. There can be a bounce back till 18K post but till it is below 22K on WCB, it is not a buy at all.

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Looking at monthly chart for Gold, there are multiple technical parameters that are asking for a buy. After the top, gold fell to almost 44k which Fibonacci level of 0.618 on Monthly chart. It reversed from there and now forming a Cup and Handle Pattern along within a flag formation. This is a deadly combination for a big up move. This is important considering...

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Jindal Saw has broken out of a downtrend and can move higher. Moving above 100 on WCB can move this to 150 levels.

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Birla Cable forming cup and handle on weekly chart. Can move towards 320-350 levels. RS is positive along with good volumes on daily chart.

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Welspun looking at price action looks very positive and moving in an ascending wedge form. Any closing above 89-90 could take this to 130-150 levels. SL should be below the channel.

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Birla Soft is a long candidate with Sl of 250 WCB. This is up with decent volumes. Can correct a bit till 270 levels before moving up but price action looks very positive. If 200 EMA is attained, we can see 500+ levels then.

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Sterlite Tech which i had posted earlier as well has moved out of a triangle pattern. Can move towards 250 levels and beyond. There are larger targets also but will look at that depending on the price action as and when happens.

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Tata Consumer has been in bull trend since feb 2019 onwards which can be seen in weekly time frame. Currently forming a flag pattern which if breaks could move towards 1000 levels. Fundamentally great company therefore chances of going up are high. SL could be 690 WCB. For taking a trade in this i suggest that let the stock prove a bit more on its strength in...

Chartworld1 Updated 

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