06 Aug 2019: Good results from Pidilite. Better than expectations. Can see the stock going up as ascending triangle pattern forms. If the next candle closes above 1310 then huge upside can be seen in the stock. CMP 1308.70. T1- 1330, T2-1360, T3 - 1400; SL - 1278.
Buy Call - Date: 25 July 2019:
Flag Pattern breakout today on Daily and can also observed on Weekly chart with strong buying volumes in the last 3 days and last 9 weeks (weekly chart).
Target- T1: 220, T2: 230, T3: 240;
Risk to Reward Ratio = 1:2
Breakout on downside at the cup and handle pattern and symmetrical triangle pattern as sell volume increase in last 2 days.
Downward target at 44.75 in the next 50 days time frame from CMP 54.05. Stock is already trading way below all the Daily moving averages. Strong sell can be observed.
Sell Call: Century Textile (CMP: 931.65)
Target T1: 920, T2:900, T3:880; SL:960
With increasing sell volume in the last 2 days, price breakout can be seen on the Triangle Pattern towards the downside. MACD is negative and RSI below 50.
Date: 06 July 2019
Marico (CMP: 378.80) has the quarterly result on 01 Aug 2019.
Ascending Triangle pattern formation taking place in Marico.
The next candle has to close above 380 and sustain.
Target: T1-390; T2-400
Stop Loss: 368
29 June 2019. Wipro Weekly chart.
Wipro moving in an upward channel. In the short term, it may fall to 275 levels to bounce to a 300-320-330 price target in the next 30 trading sessions (45-50 days). Watch out if it breaks below 275 then it may fall till 260 to take support where the 50 DEMA is placed.
NSE:DREDGECORP Go long on Dredging Corporation for a target of 500 in 30 trading days with a stop loss of 365. Price breakout at pennant -flag patter with increasing volume, RSI moving up and MACD line crossing MACD signal line. All positive triggers.