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...
Details: Asset: Geojit Financial Services Limited (GEOJITFIN) Breakout Level: Sustaining above 140 Potential Target: 180+ Stop Loss: Below 140 or as per risk tolerance Timeframe: Short to medium-term Rationale: Geojit Financial Services Limited (GEOJITFIN) has given a bullish breakout and is now sustaining above the 140 level. This breakout could lead to further...
Details: Asset: Larsen & Toubro Limited (L&T) Breakout Level: Sustaining above 3720 Potential Target: Significant upside potential Stop Loss: Below 3720 or as per risk tolerance Timeframe: Short to medium-term Rationale: Larsen & Toubro Limited (L&T) is showing signs of a potential breakout from a channel pattern, with the stock sustaining above the 3720 level....
Details: Asset: Zydus Lifesciences Limited (ZYDUSLIFE) Breakout Level: Below 1100 Potential Target: 940-900 Stop Loss: Above 1100 or as per risk tolerance Timeframe: Short to medium-term Rationale: Zydus Lifesciences Limited (ZYDUSLIFE) is facing a potential bearish move due to a channel breakdown and negative news regarding a warning letter from the USFDA for...
Details: Asset: Genus Power Infrastructures Ltd (GENUSPOWER) Breakout Level: Sustaining above 480 Potential Target: 550-600 Stop Loss: Below 480 or as per risk tolerance Timeframe: Short to medium-term Rationale: Genus Power Infrastructures Ltd (GENUSPOWER) has sustained a breakout above 480 after a channel breakout and is now undergoing a retest. If the stock...
Details:Asset: Divi's Laboratories Limited (DIVISLAB)Breakout Level: Above 5040Potential Target: 5120Stop Loss: Below breakout level or as per risk toleranceTimeframe: Short-termRationale: Divi's Laboratories Limited (DIVISLAB) is on the verge of a breakout above the 5040 level. If the stock sustains above this level, it could potentially move up to the 5120...
Details: Asset: Siemens Limited (SIEMENS) Breakout Level: Sustaining above 8000 Potential Target: Significant upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Siemens Limited (SIEMENS) is indicating a potential breakout above the 8000 level, potentially breaking out from a pendent...
Details: Asset: Wipro Limited (WIPRO) Pattern: Cup and Handle Breakout Level: Above handle resistance (specific level not mentioned, assuming current resistance) Potential Target: 545 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Wipro Limited (WIPRO) is forming a cup and handle pattern, which is a bullish...
Details: Asset: Tata Motors Limited (TATAMOTORS) Breakout Level: Above 1050 Potential Target: Significant upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Tata Motors Limited (TATAMOTORS) is poised to give a breakout from a flag and pole pattern if it sustains above the 1050 level. This...
Details:Asset: Indus Towers Limited (INDUSTOWER)Breakout Level: Above 365Potential Target: Significant upside momentum expectedStop Loss: Below breakout level or as per risk toleranceTimeframe: Short to medium-termRationale: Indus Towers Limited (INDUSTOWER) has broken out from a flag and pole pattern, and is now sustaining above the 365 level. This breakout...
Details: Asset: Orient Electric Limited (ORIENTELEC) Breakout Level: Above 260 Potential Target: 285 and beyond Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Orient Electric Limited (ORIENTELEC) is breaking above a key resistance level at 260. Sustaining above this level could signify a bullish sentiment...
Details: Asset: Sun Pharma Advanced Research Company Ltd (SPARC) Breakout Level: Above 250 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Sun Pharma Advanced Research Company Ltd (SPARC) is showing signs of a potential breakout above the 250 level, breaking out of a...