Balrampur Chini The stock price saw a notable decline after dropping beneath the Rising Wedge pattern. Subsequently, it entered an extended phase of consolidation, during which it formed an Inverted Head and Shoulders pattern. After the breakout, the price surged initially but then experienced a short consolidation period before breaking out again. This...
The Bank Nifty NSE:BANKNIFTY stands at the 50,500 level, reflecting a decline of approximately 5.3% from its all-time high. When evaluating private banks, HDFC NSE:HDFCBANK , Axis NSE:AXISBANK , ICICI NSE:ICICIBANK , and Kotak Mahindra NSE:KOTAKBANK typically emerge as top contenders for investment. However, in the mid to small-cap arena, Federal Bank...
The 1700-1800 range has acted as a formidable barrier for this stock, with the price faced rejection at these levels on two separate occasions. After experiencing a significant downturn, the price eventually found support around the 135 level, led the price to a period of consolidation. During this time, the stock developed a Double Bottom pattern. Following...
Short Term Trading Advice by Goodluck Capital Buy Sharda Motors Buy Range- 2560 - 2630 Target- 2930 - 2950 StopLoss- below 2420 Potential Return- 13-14% Approx trade duration 14 - 15 days
Investment Advice by Gooodluck Capital (SEBI Registered) Buy Welspun Corp NSE:WELCORP ● Buy Range (1) - CMP (current market price) ● Buy Range (2) - 660 - 665 ● Buy Range (3) - 620 - 630 ● Target - 960 - 970 ● Stoploss - below 500 ● Potential Return - 50 - 52% --------------------------------------- Approx investment period 18 - 24 months Company...
Weekly Chart The stock has been experiencing a strong upward trend, consistently pushing its highs and lows to new heights. We've noticed that the bullish pole and flag pattern appeared twice in a row, indicated a solid presence of buyers in this stock. Recently, a breakout occurred on the weekly chart with high trading volume, suggesting that the price is...
In recent months, the bank index has been on a remarkable upward trajectory, consistently achieving higher highs and higher lows. After reaching an all-time peak close to 53,350 (specifically at 50,358), the bank index experienced a correction. At present, the index is hovering around a significant support level of 49,750, which also aligns with the trendline...
Investment Advice by Goodluck Capital (SEBI Registered) Buy Natco Pharma NSE:NATCOPHARM Buy Range- 1210 - 1220 Target- 1950 - 1960 Potential Return- 60-62% Approx investment period 12 - 14 months TECHNICAL ANALYSIS NSE:NATCOPHARM (1) Back in 2017, Natco Pharma encountered several rejections around the 1,050 level, leading to a...
GODREJPROP The stock's price has been following an upward trend within a parallel channel. Recently, the stock broke through the lower boundary of the channel with a powerful bearish candle. With pessimistic market sentiment, it is anticipated that the stock price will continue to correct, presenting a chance to take a short position. ESCORTS ...
DIVISLAB The price has been stuck in a tight range for over a year. Then it broke through its resistance level. Since then, the price has stayed above that point and is rising steadily. A breakout has occurred, and the stock price continues to climb CHAMBLFERT The stock price was gradually rising within a parallel channel. After breaking out of...
REALTY Following an impressive bull run, the index has begun to consolidate and has taken the shape of a Rounding Top pattern. With significant selling pressure, the index is currently hovering around its trendline support level, which also happens to be the neckline of the Rounding Top pattern. If the trendline is breached, we could potentially witness a...
(1) The price has been consistently trending upwards over the past year. (2) Following the breakout of the Pole & Flag pattern, the price surged sharply. (3) Subsequently, the price entered an accumulation phase and began consolidating within a Box pattern, which is a positive sign after a strong rally. (4) After 3 months of consolidation, the price finally...
ICICI PRUDENTIAL The stock experienced an upward trend, forming an Ascending Broadening Wedge pattern that suggested a bearish outlook. Following a breakdown, the stock price fell sharply and entered a consolidation phase. During this period, the stock exhibited progressively smaller price fluctuations, establishing a series of consolidation bases, each one...
NYKAA The stock had been experiencing a significant consolidation period, during which it created an Ascending Triangle pattern. Following a breakout, the price initially surged but encountered resistance around the 195 level, leading to a sharp pullback. Subsequently, the stock price began to rise again but met resistance at the 187 level this time. After...
Short Term Trading Advice by Goodluck Capital Buy Power Grid Corporation Buy Range- 325 - 330 Target- 344 - 348 StopLoss- below 313 Potential Return- 6-7% Approx trade duration 10 - 12 days
Short Term Trading Advice by Goodluck Capital Buy Pfizer Buy Range- 4850 - 4900 Target- 5150 - 5200 StopLoss- below 4750 Potential Return- 6-7% Approx trade duration 12 - 14 days
(1) The price is generally trending upwards. (2) Following the breakout of the Rounding Bottom pattern, the price is now consolidating above the breakout point. (3) There has been a significant increase in volume, suggesting strong buyer interest.
Short Term Trading Advice Buy Mazagon Dock Shipbuilding Buy Range- 5125 - 5300 Target- 6000 - 6150 StopLoss- below 4600 Potential Return- 15-18% Approx trade duration 14 - 15 days