Ouch, That gap down might hurt this movement ahead, base might get longer and 21 DMA would roll below 50 DMA if the gap acts as resistance as earlier in the chart
VIJAYA BO out of long base, volumes are more than average, waiting to see if volumes push this ahead. Longer the base stronger the push generally if the stock is healthy.
CARTRADE attempted a long term BO, volumes are not huge but certainly above the last 50 day average. Base is a long term one so the BO might be strong if week ends with good volume. Definitely should be in watchlist for now.
LALPATHLAB BO from a 250+ day High level with good volumes. This level can serve as a new support moving ahead.
Vijaya attemped a BO this week out of a 95 week long base, but failed. Good to see if volume moves the price above the BO level enough for investors to jump in.
SOBHA BO again post last couple of weeks of shakeout. Beware of low volumes, this BO might not be with good strength. Keep an eye out to see if it attracts volume next week.
ACE moving up with volume after forming a 11 week base. Prior to forming base showed classic accumulation by getting over extended. This might just be a good buy as it follows IBD template of David Ryan.
Recently SANOFI formed a beautiful cup and handle on a long weekly base and has been coming up in screeners for 1 month momentum from this past week. Good to ride this if one caught this in the BO stage. Else keep SL of 8% on the downside from CMP of 7625.
Good volumes has brought the price level back from the long base weekly BO as wecan notice. It can now move ahead more considering the positive earnings surprise.
KPITTECH on weekly chart is showing strength on strength for a long time now and volumes are supporting the small weekly base formed in the past few weeks.
IOC attempted BO last week with good volume. Keep an eye out on this for the next week to see if daily volumes spike up near the BO point.
Good volumes on BO, 10 EMA > 40 EMA in the current market indicating good strength upcoming on this.
Follow up BO on Bluestar, good volumes, good candidate to add to positions if one has already.
Only Bank in NIFTYBANK showing signs of tightness with good volumes. Good to keep an eye on as Bank index hasn't been doing well for the past 1-3 months, BO here might start pulling other banks too.
MUTHOOTFIN needs to fill the gap indicated by rectangle in chart before it moves up ahead. Nullifying the gap down from earlier is important from strength perspective. Recent volumes haven't been much promising.
Post Earning jump with Huge volume indicating accumulation above a key support level. Might be a good bet to move ahead as its a gap up too which may act as additional support.
LALPATHLAB showing good volumes and price appreciation post earnings result. Good to keep an eye on to see if it retains strength before indexes are healthy again.
Good volumes with price appreciation. Had minor pullback today, should be a good watch to see what it does moving ahead.