Bajaj Finance has formed a Megaphone Pattern. This is a very volatile script. Breakout already happened. Now when it retest the trend line buy at 4430 with stop loss 4280 for huge targets of 5140 and 5580.
Bajaj Finance after crossing All time high will become more volatile and will achieve the target in shorter time.
DrReddy is getting support at 0.618 fib level and the traded volume is also decreasing. In 1-2 days we may see a spike in volume and which will start another bull run. It is also forming a Flag and Pole pattern. If Flag and Pole breakout happens than Target is 5900++ in coming weeks.
Auropharma is getting ready for another bull run.....
Sellers are unable to bring the Price down and buyers are showing that they are buying at every price and will not allow sellers to bring this down.
Closing above 800 will open the Targets for 900+ and then 1000
Trade can be taken with 750 as stop loss because below this Buyers will surrender and may will try...
Balkrishna Industrie is trading around its Monthly Support Level which is also a Supply Zone for this Script.
Details on Chart. If it takes support at 1360 and makes a green candle then we may see 1600 levels.
Maruti is looking good at current levels as it is clearly visible that it will complete Inverse Head and Shoulder Pattern.
All details on the chart. Please make sure that you are keeping a stop loss because any thing can happen in market.
Please do share your views.
And before investing or trading please take advise from your broker or advisor.
Eicher Motors can touch 2600 in coming weeks. Closing above 2200 will take it towards 2600++.
Refer chart for further details.
Please do not invest blindly. This is my personal view. I may be wrong. Before investing, please take advise from your advisor.
After going through the chart if can be depicted that the correction is over and it may start an upward journey again.
In the chart a 'W' pattern can form, lets see if the analysis goes correct or not. If i am correct then we may see the price in uptrend.
If the next candle closes above 488 then go long with stop loss of 465.
Amara Raja Batteries is currently trading in a crucial level. It may give a good break out which will take it into the sky. Closing above 770 will give it a fire which will take this stock till 840 within next week making a new all time high.
Keep your eyes on this and go with the trend to mint money.
Buy between 770-775 level for target of 840 with 755 as stop loss.