It is on a good momentum, and showing outperformance to NIFTY50.
It is relatively outperforming the benchmark index. It broke a long term downtrend line with huge volumes and wrt to various parameters it confirms a probable upside momentum. It had achieved its 1st Tgt of ₹358 after breaking the trendline and now moving towards its next resistance zone of ₹580.
On breaking the multiple time honoured resistance it is likely to show a upside momentum. CRS has shown a trendline breakout. Relative strength is positive wrt the benchmark index. IT sector also in flavour.
On the verge of breaking its weekly downtrend line, last bullish candles were accompanied with huge volumes. Next Tgt could be around ₹300. Media sector also showing a breakout.
It has broken its downtrend line which was honoured multiple times with huge volumes. It’s Relative Strength wrt to the benchmark index is on the positive side. CRS has started to show sign of strength.
Breaking a long downtrend line with huge volume. Outperforming the benchmark index. Consumption sector in flavour.
Breakout after 2 years accompanied with volumes . Outperforming the benchmark index. CRS showing strength.
After breaking a long downtrend line accompanied with huge volumes, it has relatively outperformed the benchmark index in recent times. CRS is showing strength. Consumption sector is also in flavour.
It has broken a long downtrend line. Fundamentally strong and dividend paying.
It has given a multi year breakout. Now it has retested its breakout point. Breakout was accompanied with huge volumes, on retesting breakout area volumes dried out which is a +ve sign. Next area of resistance or probable Tgt is around ₹165.
On weekly charts Emami has broken a long term downtrend accompanied with huge volumes in subsequent weeks. It has relatively started to outperform the broader index (NIFTY50). FMCG sector has also started a outperformance.
Auto sector is performing as of now. AshokLeyland has broken its long term downtrend line.
can give a swift upmove of 10%.
Stock is showing strength, it also witnessed accumulations in lower levels. A upmove of 20% in coming time.
After a downtrend, it consolidated and a breakout was given. Target can be for upto ₹140.