With power sector showing strong uptrend, IEX has formed a beautiful Ascending triangle pattern which looks bullish in short term. With strong support at 230-235 levels, the upside possibilities is immediate resistance at 275-278 levels and then the 300. The upside is open once the stock breaks 300.
#TATACHEM has shown a bullish Triangle Breakout and there is a good chance for Very Short term gain as the price has high probability to test the previous high of 888. Also the strong support is at 800-805 range for those who are eyeing on a medium term.
JSWSTEEL has attempted to breakout from the long consolidation after two months, if the opening price can sustain above today's closing price, then rally will be towards 800+ in the next one month. If the breakout fails, the support at 650 is strong enough to buy more. I am bullish on JSW Steel for the next 30 days as NIFTY METAL has formed a similar breakout...
Bank of Baroda has finally closed above the resistance level after 5-6 unsuccessful attempts. Target of 89-89.5 is immediately achievable in the week itself.
Time to hold on to Banking stocks as the Banknifty rally is still pending when the NIFTY is already in lifetime highs.
Exide Industries has given a resistance breakout today at around 194.5- 195 levels and has successfully closed above the resistance at 196 levels. The breakout has come after 10 days of range bound price movement,hence a rally can be expected towards the next resistance point which is at 209-210 levels.
The stock has shown a bullish trend with a bullish Marubozu candle on June 04 closing and has reached the resistance level at 336-337. This range has been tested multiple times in 2021 and the stock retraced due to huge selling. A gap up opening can be expected on June 06,2021. Cannot completely write off the chances of another retracement but, I am personally...
The stock has shown a bullish trend with a bullish Marubozu candle on June 04 closing and has reached the resistance level at 336-337. This range has been tested multiple times in 2021 and the stock retraced due to huge selling. A gap up opening can be expected on June 06,2021. Cannot completely write off the chances of another retracement but, I am personally...
