Granules has broken weekly trendline and has also making cup and handle pattern. We can expect the price to move to 407-436-500. Other factors: 1. RSI above 60 on weekly basis 2. MACD making positive histograms 3. Highest TTM sales "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!
Coforge is making cup and handle pattern on DTF..We can expect the price to move towards 6600-7000. Other parameters: 1. Buying volumes are higher than selling 2. RSI is above 60 3. MACD will improve On a confirmation (please see my earlier charts on what confirmation means in this pattern), we can expect the price to move up. "Clean Charts, Easy...
UltraTech Cement is trying to break the flag-pattern. Once done we can expect the price to move to 12500+. Pls see my other charts to see the breakout. Other factors: 1. Volume is steady 2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish 3. MACD is also becoming positive and as the price breaks out, we can see it...
Ipca Lab is forming a cup n handle pattern. One small embedded in the bigger. We can expect smaller target, followed by a big target. Cup &handle pattern is a very strong bullish pattern, and we can expect a good upside here. "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!
Happy Diwali to all !!!!! Alkem Labs has broken the neck from a cup &handle pattern. On daily basis it has shown 2 green candles post the neck breakout. We can expect a rise in price up to 30-35%. Other parameters: 1. RSI is above 60 2. MACD is making green histograms 3. Volume looks good "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!
IRCTC is showing 3 patters - 1) Flag pattern breakout 2) Cup & Handle and 3) falling wedge breakout. We can expect a target of 914. The beauty is the flag pattern and cup and handle are showing same target. The falling trendline has been broken and we can expect the price to move up. Other parameters: 1. MACD positive 2. RSI positive "Clean Charts, Easy...
Balkrishna Industries - Cup & handle Breakout. There is one small embedded in a bigger one. We can expect first Target of 2722, and thereafter, a target of 3450; 34% increase of current price. Other parameters: 1. RSI - above 60 2. Volume increasing 3. MACD - will improve "Clean Charts, Easy Charts" Learning, Earning!!! Cheers!!!
Union Bank is making 2 cup and handle pattern - one embedded on another. Once its crosses 98-99 with good candle, we can expect first target of 131 (small cup and handle break-out) and second target of 180 (large cup and handle break-out). Other parameters: 1. Volume increasing 2. RSI above 60 3. MACD positive "Clean Chart, Easy Chart" Learing and Earning!! Cheers!!!
Aarti Industries is on a downward trend and is respecting the trendline. We are also seeing a small cup and handle pattern as well where on breakout we can expect a movement till 651. In any case once it breaks the trendline, we can expect the price till 745- 800, with no resistance. Expected price movement 651-745-800. Other parameters: 1. MACD - slowly getting...
West Coast papers is trying to move North - we can see a inaccurate / rough head and shoulder pattern and a weekly breakout. Let's see how it moves, in case of a positive green candle above the breakout, we can expect the move till 810-815. Other parameters looks positive as well. Fundamentally, TTM sales are highest ever, PBT is highest and EPS of 151. Debt is...
JP Power has made head and shoulder pattern on monthly chart. Patterns on monthly chart are very powerful, and once it breaks, we can have a return of almost 100%. Other criterions: 1. RSI - above 60 2. MACD - positive 3. Volumes increasing. Power sector is anyway witnessing buying. Keep a tab!! "Clean Chart, Easy Chart" Learing and Earning!!! Cheers!!
Tata Consumer is showing cup and handle pattern. One on a larger time frame and other embedded in it. Look for breakout and we can see targets as marked. How to identify break-out, you can refer to my earlier suggestions where I have explained. "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!!
eClerx Services Ltd and given a ATH breakout. on a shorter time frame it has broken out of flag pattern as well. With RSI above 60, positive MACD, we can expect a good movement and expect an increase of 50% from current price. "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!!
LIC Housing Finance is on an up-trend. It is moving along EMA 10, which is short-term bullish. We can expect a price rise to 538-623-785. Other parameters on weekly basis: 1. RSI - above 60 2. MACD - posotive 3. Volumes - good 4. Fundamentals - Highest TMM revenue, gross profit, PBT. Book value only 0.96. "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!!
Godrej Properties has shown trend-line breakout and retested the same, and is now ready for a big move. We can expect a move till 2000. Other factors: 1. RSI - improving 2. MACD - Positive 3. Real Estate Index - Positive 4. Highest TTM Sales, Net Profit, and we can expect a good quarter results "Clean Charts, Easy Charts" Learning, Earning!! Cheers!!
Bsoft has made a cup & handle formation. With other parameters in place and retest completed, Bsoft is looking forward to a price of 790. Other parameters: 1. Volume increasing 2. RSI moving up 3. Cup & Handle retest done 4. Highest TTM Sales, Second highest TTM Profits, Borrowing has been reduced substantially. "Clean Charts, Easy Charts" Learning &...
Deepak Nitrite has broken daily resistance. It has retested couple of time and now has started taking support of EMA20. We can expect the price to move to 2700 - 3200. Other factors: 1. RSI above 60 2. MACD making green histrograms 3. Price testing EMA20 "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!!
Apollo Hospital has taken resistance at 200EMI twice and made a double bottom. A big green candle that has touched upper channel of Bollinger Band. We can expect the price to move to 6000. The other factors: 1, Good green bullish candle on DTF 2. RSI moving up 3. Price has touched upper Bollinger Band "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!!