BOSCHLTD has formed an inverted head and shoulder pattern which is bullish in nature. This is supported by the fact that the volumes have been much higher recently. It has given a breakout on 12-JAN-21. I am looking to enter this trade as the RR is very favourable.
Trend Targets -
MAYURUNIQ has formed an inverted Head and shoulder pattern on the daily TF. Upon breakout, it is likely to test 440-450 levels. As long as NIFTY holds up, this target should be achieved in the coming weeks.
Was interested in this stock for one other reason: Buyback. The company has a buyback program open till 11NOV21, at Rs.400 a share. As of 06JAN21, the stock...
TATASTEEL has formed a flag and pole formation. It has the potential for a huge move on the upper side.
The pole was a move of almost 50%. Soon after breakout, it could give another move of 50% and test its all time high of around 900.
Could be a good buy and more quantity can be added on dips.
LUPIN forming triangle pattern. If it gives a breakout with volume, you can enter the trade. If the stock moves up, entry can be taken at around 900.
All level are marked on the chart. Levels have been drawn based on previous support and resistance levels.
320 has been a major resistance for RAYMOND. If it is able to break this level and hold around it for a while,
- the first target could be the 200EMA.
- the second target could be around 350 levels.
- the third target could be around 400 levels
These levels are marked base on historical support and resistance levels.
TATASTEEL is currently moving in a range, indicated by the trend lines. It is taking good support on the lower trend line.
The stock can be traded within the range(Buy at the bottom and sell at the top, short at the top, exit at the bottom).
It could give a potential breakout on the upper-side, with the first target around 562 and second more aggressive target...
The stock seems to be in a general uptrend. My view is bullish/Long.
On 4H time frame
- the stock is forming a triangle pattern.
- It's taking support on its 50EMA.
Most likely to give a breakout on the upper side.
- First Target: 1160
- Second Target: 1185
If the stock breaks the lower side of the triangle, could be a good short(looks unlikely to me)