Chartworld1

Chartworld1

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...

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Laurus Labs can move towards 750+ as it has broken out of falling channel. Keep a watch.

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GMM giving weekly breakout from wedge pattern. It can move towards 8000 levels now considering today's bullish marobuzo candle. The best entry point will be when RS turns positive. RSI is above 60 now.

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Lovable has broken out in its weekly chart and looks set to move up towards 450 levels. The time period here should be 12-18 months. Volumes are good on daily chart and it has reclaimed all moving averages in weekly chart.

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Shree Digvijay Cement has broken out of falling channel and can move towards 110-120 levels soon. Volumes are up with RSI above 60 and RS +ve.

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Laxmi Machine works has given a flag and pole breakout with volumes. RSI is above 60 and RS is +ve. Can give 20-30% move soon.

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Venky's breaks out of falling trendline. In fact it can be treated as a flag breakout by looking at the chart. RS is +ve. This could move toward 4550 levels and in long term to 6000+ levels.

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Heromoto could turn out to be the dark horse from auto sector. A small breakout has happened of falling trendline and it has reclaimed all key moving averages. Any close with volumes above 3050 could take this to levels of 3500,3800 and further to 5000 levels.

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Apollo tyre has given a flag breakout on weekly time frame. Could move upto 300 levels and beyond that upto 400+ levels also.