M_M - Cmp 797.70 Looks good for long with 730 sl on closing basis. Reason: 1. Breaking out from the downward trendline with good volumes.
Berger Paint - Cmp 752.75 Triangular breakout candidate with good volumes. Looks good for long position. Possible targets of 773/820 and support levels are marked on the chart.
Glenmark Pharma - CMP 599 Breakout candidate with good volumes. If it sustains the breakout then can expect initial target of 650/700.
Bharti Airtel - Cmp 559 Looks good for initial target of 612 with sl 505 on closing basis. Reason: Breakout and closing above resistance level of 550.
Nifty 50 - CMP 14617 Nifty is currently trading within a range bound channel and can see forming a bullish flag pattern on the chart. As it's a bullish pattern, one can expect a breakout on the upside followed by a move similar to the length of the prior pole. The current pole measurement shows return of approximately 12% which gives approximate targets of...
Shakti Pumps - Cmp 576 Possible breakout candidate if closes and sustains above 569. Can long for initial targets of 600+.
Amaraja - Cmp 813 Keep Amaraja on your radar for closing above 813. Can go long once closing above 813 with sl 765 on closing basis. Will share the targets later.
Reliance Ind - Cmp 1947 Looks good to accumulate at current levels with sl 1835 on closing basis. There is a small resistance at 1961. Safe traders can buy once closing above 1961. Reason: 1. Favorable risk reward ratio. 2. Positive bullish divergence.