Supertrend 10,2 changing trend to bullish, RS against BSE SMALLCAP crossover 0 line, stock was in downtrend since long and now again recovering by breaking previously created resistance. Heavy buying has happened between levels of 43 and 50 which can act strong support zone for future run.
Stock is rising after coming out of almost 1 year long consolidation. Current stock is increasing it's strength as compared to BSE SMALCAP Index and rising through previous created resistance levels. Average fundamentals make this stock good contender for possible turn around.
Stock has reached strong resistance level of 95 and may correct little from here before all the supply is absorbed. Price levels of 84 and 76 can act as strong support zone. Entry can be made in tune of 25% to 50% of capital in support zone and rest if breakout happens.
Stock has a crossover in Relative strength against SMALCAP index along with bullish supertrend. Stock is on ATH therefore no strong resistance is available on chart. Resistance created on weekly levels has been broken and can turn into support in coming days.
VEDL is slowly rising towards 332 - 345 levels once again. Any breakout beyond these levels could give stock a fresh run to retest previous ATH.
Stock has gained relative strength against Nifty and currently is on continuous rise. Price was consolidating in between 135 and 171 with further support of 147. Weekly supertrend is positive therefore anticipating further upside from here.
Good fundamentals and stock is trying to breakthrough previously created resistance. Strong as compared to SMALCAP Index.
Stock is moving upward rapidly and has started beating SMALCAP Index Returns too.
Stock is increasing strength as compare to MIDCAP index. Price raising along trend channel indicated on chart along with support levels. Support zone highlighted is last high volume supported price acted as resistance. Now price above previous resistance zone therefore can act as strong support for further run.
COLPAL is in raising trendline channel joining recent high and lows to March 2020 significant low. Long entry can be considered with nearest support as SL zone.
Stock is downward trend but loosing steam on downward slope. Volumes has gone done along with candle size. I am assuming the seller interest is getting weak and stock may take support through monthly support line highlighted on chart.
HINDZINC has given a breakout from short term downward slop trend.
CIPLA Price rising toward testing recently created resistance. Stock is gaining strength against Nifty50 too.
Stock has entered above zero on relative strength against BSE SMALL CAP Index. Price moving along trendline and may approach long term resistance soon. A breakout can take stock to new highs.
Stock has recently started showing strength against BSE SMALL Cap index and may be approaching previous created resistance soon. Breakout can take prices to new highs.
Union bank stats are getting better. Stock is fundamentally good and undervalued.
Stock has gained strength as compared to BSE SMALL CAP Index and near previous resistance zone. Breakout could lead to new rally in stock.
SUNPHARMA is gaining strength and may give breakout in coming days. PHARMA sector has shown positive recovery today.