#Nifty is at TrendLine support. If this holds, there is definitely a possibility of a 1st bounce till 17675. We will have to reassess how it behaves there. If the TL does not hold, a min retracement of the entire rise can be 38.2% which perfectly co-incides with the 200SMA.
Planet Labs - Breaking out after a HUGE consolidation Stops at 5.80
BDL setup is a perfect Cup N Handle in the making. Handle TL bo was abv 950. As the volumes have been encouraging last few days - one can enter now. VCP setup gets completed abv 900. Targets can easily be 4 digits & more. Even sectorally, Defense theme is playing out really well.
Earlier posted the CnH is playing out beautifully. On a larger TF, its a rounding bottom bo or even better an IHnS above 635. The atrgets of this come to 4 digits as marked on the chart. Quite undervalued and commentary is good from the management. This stock is a definite buy with a poitional SL of 540 on Wclbs.
A perfect example of CnH pattern. Made a weekly gap on HUGE volumes Which still is not filled. Staying above 570 will propel it further
This is a perfect example of accumulation happened in the last few weeks and then BO in the last week ended 20/02/20 Volatility Contraction Shakeout Consolidation on lower volumes CnH
Trendline BO + DMI crossover + Stochastic at buy levels. Also, getting good support from AVWAP With a 1% SL, one can aim for a 1:2 trade
Too many factors to go long in this counter - 1 718 - 722 is a long term Demand Zone ( Check Weekly & Monthly charts too ) 2 Bullish Engulf made today 3 RSI - positive divergence 4 Good Volumes ( higher than average) Keeping a Sl of 14th feb 2019 low, one can go long here for possible targets of 740/760
HUGE BO IN DAILY AND WEEKLY FROM TREND LINE WITH MIN TARGETS OF 33.50
Auro Pharma seems to have formed an inverted H&S on weekly. If it closes above 773.59 on weekly basis, then it can zoom to 900+
2 patterns again seem to have confirmed in Hexaware - C&H break out as well as Ascending Triangle BO. One can initiate longs with T1 - 282, T2 - 292 and Final Target of 340
Fundamentally good, as Serum Institute increased its stake on friday by buying additional 2% equity through Open Market and chart is super bullish
This is the best price to buy as it has taken support at crucial support levels, and attempting to go up from here. In the chart I have made an extended follow up move based on assumptions, where it could form an inverted H & S pattern and catapult it higher... Happy trading/ investing :)
Pharm index is within the range on Daily basis, and taken support exactly at the bottom of the range, which should be some bit of good news. If does not break this, then can expect reversal next week ...