Date: 01 July 2020
Century Textile (CMP 302.65)
Symmetric Triangle Pattern. Target 320. Max OI placed here.
T1- 307, T2- 315, T3- 320
Once price breaks out of this triangle pattern then we will review again
Date: 01 July 2020
Divis Lab (CMP 2257.70)
Multiple chart patterns in Divis Lab.
Descending triangle pattern and Head and Shoulders pattern
If price breaksdown below 2245 then we can see downward target of 2000
T1- 2175, T- 2075, T3- 2000; SL- 2350
Target date: 25 Aug 2020
Date: 29 June 2020
LIC Hsg Fin (CMP 264.55)
Head and Shoulders pattern is completed. Stock has today moved below the 20 & 50 DEMA. It is already trading very lower to 200 DEMA.
RSI is going down below 50.
Target: T1- 255, T2- 245, T3- 235; SL- 275
Target Date: 09 July 2020
Date: 29 June 2020
Motherson Sumi (CMP 95.30) has taken support at multiple times in the past. Likely chance of upside movement.
Today also stock priced retraced from the day's low and closed near the open price, slightly above the 20 DEMA level.
Immediate upside target will be 100 and down side for SL will be 87.85
Breakout above 100 with increasing volumes...
29 June 2020
Glaxo (CMP 1493)
Inverse Head and Shoulder Pattern. It took 92 trading days for the pattern formation.
Long term is 552 points up from 1525.
Breakout above 1525 is crucial.
T1= 1709, T2= 1893, T3= 2077; SL= 1341
Target Date= 30 Oct 2020
Date: 22 June 2020
CEAT CMP 935.50
Rising Wedge pattern can be seen in Ceat. Price has broken down the rising wedge pattern. Also stock is approaching down towards 200 DEMA. Stock is moving in a channel.
T1: 926, T2: 883, T3: 840; SL: 975
Target Date: 20 July 2020
Risk to Reward: 1:3
Potential profit: 10%
19 June 2020
BEL : CMP 80.05
Inverted Head and Shoulder pattern is completed today. The breakout candle with strong volume buying from the last 3 sessions confirms the pattern.
BEL is in the business of Aerospace and Defense manufacturing. Amid India-China stand-off in eastern Ladakh, the government is considering a proposal to buy 21 Mig 29 and 12 Sukhoi Su-30...
Date: 18 June 2020; Time: 3.20 pm
HDFC Life (CMP 515.70)
Stock is moving in a channel. The price is also showing breakout at the small ascending triangle pattern which is very close to its 200 DEMA.
Stock has multiple pattern. on medium term perspective it has symmetrical triangle pattern.
Short term target = 535; duration 6 trading sessions; SL = 507
Date: 17 June 2020
Max Financial Services (CMP 490.15)
Chart Pattern: Ascending Triangle Pattern.
Stock has to go up and close above 500 level for 4-5 trading sessions for strong confirmation. Company is virtually debt free.
T1: 540, T2: 567, T3: 610; SL: 450
Target date: 03 Sep 2020
10 May 2020
TATA Consumer Products: CMP - 348.75
Important news going on in the market: Tata Consumer Products will be included in the MSCI Index in the coming week. If that happens stock will get big boost.
Despite nifty fell sharply by more than 6% in the last week, TATA Consumer Products moved up from the low of 325.65 to 355.50 (9.16% of price movement),...
Motherson Sumi has declared that 80 out of 152 plants globally are open. 30% of these are running at 80% capacity and remaining are running at 50% capacity. Permission is being sought for other plants also.
Motherson Sumi CMP: 81.70
Flag Pattern formation on hourly chart. Breakout above 82 will push the stock price to 96 level.
T1: 86.50, T2:...
Ajanta Pharma has formed a flag pattern. Possible Target of 1882 in 17-18 trading sessions.
Strong volume increase, breakout on MACD & RSI gives signals for upside target. Price breakout on 10 & 21 DEMA.
Here SGX nifty chart is taken into consideration.
Price in Nifty is contracting with a rising wedge pattern. With declining volumes there is a possibility that Nifty will find ot very difficult to cross 10,000 and will crash from there. watch for another 10 -12 trading sessions for change in Nifty strategy.
Infosys has formed a double bottom pattern. Infosys has seen buying in the last few sessions and delivery based volumes are increasing. RSI and MACD breakout appears on the chart and its right time to grab the stock and buy it for going long. It can go upto 712. Considering buying stock like Infy. Time duration 7-8 sessions.