At this point of time the stock is taking a good support from its trend line and is capable of giving quick and safe returns.
The stock is in a very positive trend and it has potential for quick returns.
Hindalco can give good returns from the current price bracket.
Ashok Leyland was trapped in a very narrow range from 110 to 117 after a short uptrend and last month it gave a breakout with over 6.5% rise and it is presently trading along with a trendline to respect, targets and stop loss are mentioned in the chart.
Iolcp has been in a downtrend for a while and it witnessed a trend reversal few weeks before, it made a high at 726 and saw a rejection to take support at 643 in today's session, it may rise stronger as it's a strong level, a deeper stoploss and targets are mentioned in the chart.
Minda Industries is an adopting automobile company with huge consumer base and customer trust, technically it has given a breakout a couple sessions ago and is presently trading near its all time high, once it breaks the range of 607, it can prove to be a good trade.
Advanced Enzymes is looking exciting and bullish from this level and it might take a support from its trendline to go long for the targets mentioned in the chart. It also boasts of a promising risk to reward ratio.
It has been flat for years now, with a very strong range which is highlighted in the chart, if it sustains above 321, then it can give a short target of 354, after which it may rise high and higher dud to its business (not going to discuss about the business as it's a separate topic altogether).
First of all, SBIN has given constant but below average returns and it has been one of the favourites of the trader, however things are turning in favour of SBIN starting from the good quarter results, accumulating volume to a breakout after a long long wait, where a support of 20 day ema is appreciated. Hence it might prove as a good opportunity .
HINDPETRO has broken its long time zone and it can give pretty good targets which are mentioned in the chart alongside the stoploss.
Cholamandalam fin holding might give some attractive targets which are mentioned in the chart in green, with red being the stoploss.
Mahindra & Mahindra broke its falling chain and has come out of it strong ,it can be a good buy at the current level and we can expect the targets of 838, 914 and 975 as mentioned in the chart where green lines represent target and red horizontal line shows the stoploss, however if it succeeds in hitting the target 1 and 2 then it will be back to its uptrend and...
BHEL has given a huge negative return coming to 56 rupees in 2021 from 390 in 2007, but when we draw the trend lines from 2010 then it gave a breakout after a while, after which it made a very rare triple top pattern adding to its downfall and it continued to fall till january this year and from february it is closing above that trend line which it respects and...
As we can see in the chart the stock has given a breakout after a reasonably good fall over a period of time, this can be a good buy because this company makes pharmaceutical products namely rifampicin which is useful in fighting bacterial infections which might prove as the benefit due to the pandemic which is going on. Further the company has pretty impressive...
I have done a trend analysis of deepak nitrite , where i am long on the stock however it clearly shows that according to the trend lines the stock may test 1530 very soon before going up again, another positive factor for the company is that this company produces some elements (not going deep into the business) which are necessary for manufacturing of hand...
I have marked some crucial levels for nifty, which are respected from time to time and nifty has faced some rejections from these levels.
On the highlighted day,where I attached the price note of 14753 is the day when the bull run was converted into the consolidation phase which is still being continued and nifty is currently standing at the same point, and so it is very important for nifty to break those levels in order to continue the upmove, however there are further important levels which needs...
The price where nifty is standing is a very crucial level, because as we notice the nifty Bull run was ended at the similar level in the highlighted candle, from where is started to consolidation and even in the consolidation phase nifty was able to break it either with big candle or with gap openings. However if nifty breaks the level with a strong bull candle...