hdfc life been consolidating from between 560 and 610. yesterday looks like a break from downward trendline stoploss - 560 target1 - 700 target2 - 750 disclaimer - I have this from 590 levels and I will come out if I feel market is in a correction
IEX has been consolidating for about a year now. It had some negative news and this took time to consolidate. The 3 fan pattern has given a clear reversal pattern. Good supports between 142 and 150. Stop loss: 137 ( Actually its at 121.If you can handle loss it then, good for you) target : 190-200 Disclaimer : I do have positions and I will stay or come out at my...
If Amararaja is able to sustain 680 levels, the stock can go back to its previous high of 1000. 3 fan pattern can be seen on a weekly timeframe. Target 1: 790 Target 2: 1000 stoploss: 600
Motherson sumi has been consolidating in a falling wedge pattern for about two months now. It showed some strength yesterday. Today it broke out of the falling wedge with a solid volume too. Do note the point from where it took support yesterday is also the price(86 ish) where the gap was created on July4-5th 2023. Stop loss -86 Target 1 - 98.5 Target 2 -...
Britannia has been consolidating for the past three months and has now broken on the downside. Results today. Better to wait for an hour to get its reaction and then enter trade. Stop loss - 4650 target - 4100 Disclaimer: I may or may not enter depending on market and stock circumtances.
Its a very volatile stock. In the begining of the move zee was consolidating between 266 and 254.It broke down from 254 to 236 last week. It made good upmove from there. Today's judgement of zee should have helped it to sustain 254 but there is clear selling around 254 making it resistance. Sell stl: 266 tgt 1 : 236 tgt2: 220 Disclaimer: I do not own the stock...
Given that current uncertainity in global political conditions and crude volatility, paints whose major ingredient being crude might witness some correction. Asian paints has been between 3400 and 3150 for the past three months. If it breaks the above rectangle, can see correction up to 2700. stl: 3200 tgt: 2700 Disclaimer: I may or may not have any positions....
Stl at 19350 If head and shoulder is confirmed, it can go down to 18500. Problem is I m not getting a good volume confirmation.
This is a contrarian call. Voltas has been languishing from highs of 1300 in feb 2022 to 800 now. A three fan pattern had been formed in August and then it jumped from 800 levels to 900. A three fan pattern is a bullish reversal pattern. This pattern was formed earlier in BOB@40 and RBL@90. If it can hold stop loss of 740, Voltas can give good returns. Dont forget...
Sun Pharma seems to have broken out of consolidation mode with between 510 and 470. Volume and good supply at 475 seems to have sustained. Go Long with stl at 475 with target at 520. Disclaimer: I am new and learning.
As can be seen, when HUL is consolidating initially through triangle pattern between 1900 and 2040 and then there is a breakout. This will be the stl 2040 with the target at 2500 (all time high).