Details: Asset: Coal India Limited (COALINDIA) Current Level: Near 52-week low at 400 Support Zone: Around 400 Potential Target: 540 Stop Loss: Below 400 or as per risk tolerance Timeframe: Medium to long-term Rationale: Coal India has witnessed a head & shoulder breakdown, pulling the stock to its 52-week low near 400. However, this zone appears to be a strong...
Details: Asset: Hindustan Construction Company (HCC) Breakout Level: 46 Potential Targets: 55 and 60 Stop Loss: Below 46 or as per risk tolerance Timeframe: Short to medium-term Rationale: Hindustan Construction is showing a clear channel breakout at 46, indicating the potential for further upside. If the breakout is sustained, the stock may achieve the targets of...
Details: Asset: MMTC Limited (MMTC) Support Level: 84 (channel support) Potential Target: To be determined based on breakout confirmation Stop Loss: Below 84 or as per individual risk tolerance Timeframe: Short to medium-term Rationale: MMTC has taken support at the 84 level within its channel, signaling potential for an upward move. If buying interest picks up,...
Details: Asset: BEML Limited (Bharat Earth Movers Limited) Breakout Level: Watch for sustained momentum confirmation Potential Target: 5500 Stop Loss: Below recent support levels or as per risk tolerance Timeframe: Short to medium-term Rationale: BEML is showing strong bullish momentum, with technical indicators suggesting a potential move toward the 5500 level....
Details: Asset: Ola Electric (Ola Electric Mobility Private Limited) Breakout Level: 75 Current Level: Near 90 Potential Target: 160 Stop Loss: Below 75 or as per risk management Timeframe: Medium to long-term Rationale: Ola Electric has experienced a fresh breakout at 75, and its price momentum suggests strong upward potential. Currently nearing 90, the stock...
Details: Asset: Bharat Electronics Limited (BEL) Breakout Level: Watch for technical confirmation of breakout Potential Target: 340+ Stop Loss: Below recent support levels or as per individual risk tolerance Timeframe: Short to medium-term Rationale: BEL reported a strong Q2 performance with a 14.8% growth, signaling robust financial health. This positive...
Details: Asset: Piramal Pharma Limited (PIRAMALPHARMA) Breakout Level: 235 Potential Target: 285+ with potential for further gains Stop Loss: Below 235 or as per risk tolerance Timeframe: Short to medium-term Rationale: Piramal Pharma has shown strong bullish momentum above the 235 level, and it is now targeting 285. The stock's technical indicators suggest...
Details: Asset: Bitcoin (BTC) Breakout Level: Above 760,000 Potential Target: Strong upside potential based on bullish flag breakout Stop Loss: Below 760,000 or as per individual risk management Timeframe: Medium to long-term (weekly timeframe) Rationale: Bitcoin is displaying a bullish flag pattern on the weekly chart, and a breakout above the 760,000 level...
Details: Asset: Nifty50 Index Breakout Level: Nifty50 crossed the head and shoulder pattern Current Level: 24472 Potential Resistance: 23895 Stop Loss: Based on risk tolerance or technical analysis Timeframe: Short-term, dependent on market sentiment and election outcomes Rationale: Nifty50 has broken through a head and shoulder pattern, a typically bearish...
Details: Asset: Mazgaon Dock Shipbuilders Limited (MAZDOCK) Breakout Level: 4500 Potential Target: 6000 Stop Loss: Below 4500 or as per risk tolerance Timeframe: Short to medium-term Rationale: Mazgaon Dock has been consolidating in a channel since July 2024, and it has now broken out above the 4500 level. This flag breakout pattern suggests that the stock could...
Details: Asset: Cummins India Limited (CUMMINSIND) Breakout Level: Above 3950 Potential Target: Significant upside potential beyond 3950 Stop Loss: Below 3950 or as per risk tolerance Timeframe: Medium-term Rationale: Cummins India has been consolidating for months and is now nearing the critical breakout level of 3950. A successful breakout from this channel...
Details: Asset: IIFL Finance Limited (IIFL) Support Level: 425 Potential Target: 600+ Stop Loss: Below 425 or as per risk tolerance Timeframe: Short to medium-term Rationale: IIFL has established strong support at the 425 level in the daily timeframe, forming a stable base within a channel. The stock appears ready for an upward move and could potentially touch...
Details: Asset: Tata Chemicals Limited (TATACHEM) Breakout Level: Above 1120 Potential Target: 1400+ Stop Loss: Below 1120 or as per risk tolerance Timeframe: Medium to long-term Rationale: Tata Chemicals has been consolidating for months, and a potential breakout above the 1120 level could signal a strong upward move. The stock has shown resilience and is primed...
Details: Asset: Quescorp (QUESCORP) Breakout Level: Watch for breakout above 1000 Current Market Price (CMP): 860 Potential Target: 1000+ Stop Loss: 770 Timeframe: Short to medium-term Rationale: Quescorp has taken strong support at 795 and is currently trading at 860. If the stock breaks above the 1000 level, it could signal a channel breakout, potentially...
Details: Asset: JM Financial Limited (JMF) Breakout Level: Sustained move above 120 Potential Target: 195 Stop Loss: 110 Timeframe: Medium-term Rationale: JM Financial Limited (JMF) has broken a long-term resistance at 120 after months of consolidation. This breakout suggests the potential for a strong upward move, with a target of 195 in sight. Market...
Penny Stock with Multiple Channel Breakouts Details: Asset: Welspun Special (WELSPUN) Breakout Level: Sustained move from ₹40 to ₹58 with weekly channel breakouts Potential Target: Continued upward momentum Stop Loss: Below current breakout levels or as per risk tolerance Timeframe: Short to medium-term Rationale: Despite a minor decline in Y-o-Y net sales for...
Details: Asset: VLS Finance Limited (VLSFIN) Breakout Level: Sustaining above 400 Potential Target: Long-term uptrend potential Stop Loss: Below 400 or as per risk tolerance Timeframe: Long-term Rationale: VLS Finance Limited (VLSFIN) has recently given a bullish breakout and is now sustaining above the 400 level. This breakout indicates a strong bullish...
Details: Asset: Godrej Industries Limited (GODREJIND) Breakout Level: Sustaining above 1120 Potential Target: 1200+ Stop Loss: Below 1120 or as per risk tolerance Timeframe: Short to medium-term Rationale: Godrej Industries Limited (GODREJIND) has recently given a bullish breakout and is now sustaining above the 1120 level. This breakout suggests a continuation...