Details: Asset: Hikal Ltd (HIKAL) Breakout Level: Above 330 Potential Targets: 430, 460, 600, 740 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: Hikal Ltd (HIKAL) has been consolidating since March 2023, and a breakout above the 330 level could signal a significant bullish move. Sustaining above this level may...
Details: Asset: Biocon Limited (BIOCON) Breakout Level: Above 320 Expected Target: 340 and beyond Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Biocon Limited (BIOCON) is displaying a flag pattern breakout potential alongside positive results. A breakout above the 320 level could signify a bullish momentum...
Details: Asset: Supreme Industries Limited (SUPREMEIND) Breakout Level: Sustaining above 5150 Potential Momentum: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Supreme Industries Limited (SUPREMEIND) has recently given a breakout and sustained above the 5150 level. This breakout could...
Details: Asset: Godrej Properties Limited (GODREJPROP) Breakout Level: Sustaining above 2810 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Godrej Properties Limited (GODREJPROP) has recently broken out of a flat pattern and touched the 2810 level. Sustaining above...
Details: Asset: Dr. Reddy's Laboratories Ltd (DRREDDY) Breakout Level: Above 6200 Potential Target: 6500 and beyond Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Dr. Reddy's Laboratories Ltd (DRREDDY) is showing signs of a potential breakout above the 6200 level, which is accompanied by a flag pattern...
Bullish Channel Formation in Blue Dart with Strong Support Levels Body: The stock of Blue Dart is exhibiting a promising bullish channel pattern, suggesting an upward trajectory in the long term. The current support levels are firmly established at ₹6187 and ₹6731, providing a robust foundation for potential price appreciation. Key Points: Strong Support: The...
Radico Khaitan has been showing signs of a strong bullish trend, and the recent price action suggests a potential breakout above the 2040 level. If the stock sustains above this channel resistance, we could witness a significant upmove. Technical Indicators: The stock is currently trading at ₹1,732.10, with a recent high of ₹1,744.401. The 52-week high stands at...
Details: Asset: Triveni Turbine Limited (TRIVENI) Breakout Level: Sustaining above 650 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Triveni Turbine Limited (TRIVENI) is indicating a potential breakout above the 650 level, accompanied by breaking out of a channel...
Details: Asset: Polycab India Limited (POLYCAB) Breakout Level: Sustaining above 5780 Potential Target: Upside momentum expected Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Polycab India Limited (POLYCAB) is showing signs of a potential breakout above the 5780 level. Sustaining above this level could...
Details: Asset: Karnataka Bank Limited (KTKBANK) Breakout Level: Sustaining above 245 Potential Target: 285 and beyond Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Karnataka Bank Limited (KTKBANK) is approaching a potential breakout level around 245. Sustaining above this level could signal a bullish...
Details: Asset: Aditya Birla Capital Limited (ABCAPITAL) Breakout Level: Above recent resistance, indicating bullish sentiment Potential Target: 260 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Aditya Birla Capital Limited (ABCAPITAL) has recently experienced a breakout above a key resistance level,...
Details: - **Asset:** SPEL Semiconductor Ltd (SPEL) - **Breakout Level:** Above 150 - **Potential Targets:** Projection based on technical analysis and market dynamics - **Stop Loss:** Below breakout level or as per risk tolerance - **Timeframe:** Medium to long-term - **Rationale:** SPEL Semiconductor Ltd specializes in integrated circuit (IC) assembly, test...
Details:Asset: MOSCHIP Technology (MOSCHIP)Breakout Level: Above 120Potential Targets: Projection based on technical analysis and market sentimentStop Loss: Below breakout level or as per risk toleranceTimeframe: Medium to long-termRationale: MOSCHIP, a semiconductor stock, is poised for a potential bull run with a breakout anticipated above the 120 level. The...
Details: Asset: State Bank of India (SBI) Pattern: Channel breakout and Bullish Flag Breakout Level: Above 800 Potential Targets: Projection based on channel width or flagpole height, or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: State Bank of India (SBI) is exhibiting a...
Details: Asset: Steel Authority of India Limited (SAIL) Pattern: Channel breakout Breakout Level: Sustaining above 160 Potential Targets: Projection based on channel width or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale: Steel Authority of India Limited (SAIL) has experienced...
Details: Asset: Kotak Mahindra Bank (KOTAKBANK) Pattern: Flag consolidation Consolidation Range: From February 2021 at 1600 to 2050 Breakout Level: Above 2150 Potential Targets: Projection based on the height of the flagpole or next significant resistance levels Stop Loss: Below breakout level or as per risk tolerance Timeframe: Medium to long-term Rationale:...
Details: Asset: Suzlon Energy Ltd. (Suzlon) Pattern: Head and Shoulders Confirmation: Clear formation of head and shoulders pattern Implication: Bearish trend reversal signal Potential Targets: Support levels or projection based on pattern height Stop Loss: Above the pattern's right shoulder or as per risk tolerance Timeframe: Short to medium-term Rationale:...
Details: Asset: Oil and Natural Gas Corporation (ONGC) Breakout Level: Above 300 Confirmation: Channel breakout with increasing volume Targets: 320 and 340 Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: ONGC has broken out above the upper boundary of its trading channel at the 300 level. This breakout is...