A quick overview at how the Nifty is shaping up into the period going forward having witnessed a good correction of just under 3% from the recent highs it has just made. Chart speaks for itself!
The stock seems to have finally broken out and is looking towards higher levels, keeping a trailing SL of 380, can do well going ahead
The stock is entering into a crucial resistance range of 261-274, once these levels are crossed comfortably, the stock shall be able to see good times ahead! Watchlist as of now!
A quick Nifty view with some past observations and the current ongoing.
The stock needs a close above the resistance zone of 65-70. A close above this range shall ensure good momentum going ahead.
After 1.5 yr consolidation, the stock is making a break out. If a close above 160 odd levels is sustained, then good times can be ahead for the stock. A trailing SL of 148 on closing basis can be seen
A good Cup and Handle break out happening in the stock on the line charts, can do really well once the resistance zone of 960-970 is breached out from on closing basis. Trailing SL of 889 on closing basis
The stock is making a strong attempt to clear out of the barrier range of 96-98.. The stock is expected to do well once a confirmed break out close is maintained above the mentioned levels.
The stock has started turning its wheels and ready to start its next leg of an upmove after a consolidation of over 2 years. A good SL can be taken as 1317 and can be trailed as the move progresses!
The stock has seen good movement of late and had attempted to break out today. A sustained close above 500 for the stock can see it rallying further. As of now it is a wait and watch stock.
The stock is currently trying to break out of its congestion zone of 2510-2550 above which the stock is expected to do well
The stock has given a big 2.5 yr Cup and Handle break out! Good times ahead post some brief period of consolidation
Making a beautiful Harmonic ABCD pattern, Deepak Fertiliser is expected to do well in the coming period with keep a good trailing SL of 275
A good triangle break out by the stock, however it needs to clear the congestion zone of 1622-1642 on a decisive basis for further strength to come in the stock.. A good trailing SL shall be 1560
After over a year of rangebound consolidation and bottom formation, Ashok Leyland has shown good movement and potential by it's today move clearing important resistance levels! What will be interesting to see is whether current levels are sustained to week close! 92 on closing basis can act as a good SL.
Cooking big time! SL indicated, can do well in the coming period with a good Cup and Handle Break out! Get set!