Chartworld1

Chartworld1

Reliance could move towards 2800-3000 levels upon break of inverse head and shoulder pattern on daily time frame. This could correct for a few days to about 2550 levels but it should not close below that level.Nifty is at all time high and this has highest weight on the index so can correct for few days. If trades below 2550 on DCB then the trade should be...

Chartworld1

Apollo Hospital consolidating in weekly time frame since August. Can move higher towards 5500 and 5900 levels on breakout.

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Mindtree given breakout of cup and handle breakout along with attaining 200 EMA with volume. Ideal trade would be on breakout retest. RS already above 0 so offering good risk reward.

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Coforge has obtained all key moving averages with volume. After making double bottom and change in trend, this could move towards 4800, 5100 and 5900 levels. RS is close to 0 which offers good R:R. RS with respect to sectorial index is already above 0 so can be a swing trade. SL should be 3200 on DCB.

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NLC India forming inverted head and shoulder pattern on weekly time frame. The head is very big therefore chances of this moving ahead are quite high. Results for last quarter were quite good. Relative strength also above zero so makes a long candidate. Can test patience but rewards can be higher as well.

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Surya Roshni price action shows a big move coming on weekly chart. Can move towards 850 levels from here once 500 WCB is obtained.

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Next rally for Banknifty can be lead by Kotak Bank and HDFC Bank. Kotak once crossed 1980 levels on DCB can move towards 2250 levels or even ATH. This is a risky trade considering this stock has not done much so might test a bit of patience and move very quickly then. Cup and Handle forming in weekly time frame.

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Abbott is moving in a triangle pattern with cup and handle in between, once crossed 20K, could move towards 24K and then towards all time high. This is a swing trade for 6-8 months with stop loss of 17300.

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Grasim forming cup and handle pattern. On the verge of breakout which can move it towards 1900+ levels and then towards ATH.

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Tata Power closed near all key moving averages. Moving in a triangle as of now. Can move towards 250 levels and then close to 300 levels and even all time high. Results were good and price action shows accumulation. SL can be 210.

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LTTS closing near key moving averages. While IT stocks are not moving much, price action looks good. Moving in a triangle and on the verge of obtaining 200 EMA. Volumes need to pick up for a quick move.Any closing above 3900 could move this to 4400 and then 5200 levels. Offering good R:R at current levels. SL should be 3200.

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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.

Chartworld1

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.