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!!!
Hero Moto Corp has broken cup and handle pattern. With all other parameters we can expect the first target of 3700. Other parameters: 1. Volume is rising 2. MACD is positive, above the line and making green histograms 3. RSI is above 60 "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!!
Asian Paints is making an inverse head and shoulder pattern. Once its crosses the neck, we can see the price movement to 3700-4000. Other factors: 1. Large Cap - we can see movement in large caps now 2. MACD positive 3. RSI above 60 4. Volumes increasing "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!
TechMahindra has made double bottom and once the neckline breaks we can expect a movement beyond 1550. How to trade: Option 1: we can trade now as it is following 20EMI till the neckline i.e.1311 and then once it breaks the neckline we increase position size Option 2: Let's wait till neckline is broken (conservative) and we can also wait once it breaks neckline...
Dalmia Bharat is making inverse head and shoulder and also a cup and handle formation. We can see price movement to 2900-3700. We can see a inverse Head and Shoulder pattern and a technical target pf 2900. And if we a longish Cup and Handle pattern, once we get confirmation, we can see price moving to 3700. Other factors: 1. RSI is above 60 2. MACD is...
Infoedge (Naukri) was making higher highs and higher lows, and upward move. However, it broke the pattern and moved down with support at 4066. Once we move to a lower time frame (hourly), we can see that it was making Lower High and Lower Lows, however, such channel was broken with a big green candle. Now once the stock breaches 4287 and sustain with one hourly...
Container Corporation is showing cup and handle pattern on daily chart. It has broken the patter with green candle and one more confirmation candle above that. Then with market pressure has come down. It has now again started an uptrend and once it crosses the neck, it should move to 820. MACD & Volumes and RSI (improving) are positive signs. Clean Chart, Easy...
India Cements making cup and handle and a triangle breakout on a weekly time frame. Let the cup and handle give confirmation on daily basis. We can expect the price to move to 350+. Other factors: 1. MACD becoming positive, ready to make green histograms 2. RSI moving up "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!!
Eicher Motors, on hourly time frame we have seen breakout - pennant breakout. We can expect the price to move to 4300-4500. Other paramters: 1. MACD is making green histograms 2. RSU is positive above 60 3. Volumes are increasing "Clean Charts, Easy Charts" Learning & Earning!!! Cheers!!!