This analysis is for longterm as i have choose monthly timeframe. Reverse Head & Shoulder pattern is forming in monthly timeframe an many more indicator suggesting bullishness. One could really consider this one for longterm investment. ****Disclaimer**** Trade with risk management but don't get afraid of taking risks because at the end winner is who takes...
Glenmark pharma forming bearish pattern.One could look for shorting opportunity.
Cadila healthcare forming a cup & handle pattern buy on breakout and 7% upside rally can be anticipated.
ITC is a index heavy weight & Fundamentally very strong stock . It is a must have stock for long term investment portfolio stock in FMCG sector. It is on very good levels and chart looks strong too. It should be on your RADAR..!!!
M&M has given a breakout of a long running uptrend we can short it if it retest the trendline resistance.
Sunpharma is breaking out from accumulation zone Buy at current levels Target 1: 537 (Short Term) Target 2: 600+( Long term )
Ashoka buildcon is consolidating for few weeks after a sharp upside rally. Stock has halt enough and now it looks ready to breakout that accumulation zone. Wait for the breakout and go long after it gives closing above 55.
Today Market cues are negative but nifty chooses to fight back and sew all the bears outthere. Hope all made good profits...!!
Why to watchout this stock for short selling: Tick 1 : Bearish pattern formation. Tick 2 : Stock consolidating on 200 DMA which is acting as a strong resistance. When to take a position: Breakout of the wedge is the right point to enter with a stoploss of 50% of the range in which stock is moving. ** Manage your risk and trade with proper analysis..
Chinese Double bottom formation in IOC 28% upside can be seen in short term. Ticks: 1) Technically strong on chart. 2) fundamentally strong stock. 3) Lockdown opening in non-containment zones.
Double bottom formation is very bulish pattern and looking at market conditions it will surely workout. one can go long after the breakout of accumulation zone.
Go long after the triangle breakout arounnd 467 levels Stoploss at 456 Target : 480 + (Short term)
Bulish engulfing pattern in dabur and chart looks strong we can expect 13% upside in very short term.
Sell HEROMOTO after the price satteled down after opening. Target 1 : 2253 Target 2 : 2222
hello guys , i have recommended kajaria ceramics and it has performed great. I have booked my profits. Hit like and follow me for more updates like this... --Happy trading
Breakout of accumulation zone we can expect long rally from here because stock was in sideways for almost a month so buy on dips strategy can work best. stock has already moved very high wait for dip and than go long.
Metal sector is on very critical area if this Resistance breaks than long upside rally will come. Watch out this three metal shares: 1) JSWSTEEL 2) TATASTEEL 3)JINDALSTEEL
Ticks : 1) Chinese double bottom formation. 2) volume conformation. 3) Range breakout. 4) Lockdown is getting over periodically. 5) High MF and Fii holding. 6) Fundamentally sound stock. Buy : current level Targets: 1038 (short term) ** Can look out for long term also.