NACHATUR

NACHATUR Updated 

Laurus Labs has given a breakout from a cup and handle formation which is bullish formation at 378.75 and currently at 392.30. Its 1st target is 443 followed by 527 and 606. Keep a stop loss below 370. Disclaimer: I am not a SEBI registered analyst. This is not a recommendation to buy or sell. This is for educational purpose only. Please consult your financial...

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GNFC is a bluechip company manufacturing fertilisers and chemicals. Today, it is 5% up. On weekly chart, it's about to complete an inverted head n shoulder pattern. The pattern will complete once it gets at 800 to complete the right hand shoulder. You can put a stop loss at 630. CMP 691.90. The target of inverse HNS pattern will be 1100( Long Term). Disclaimer:...

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Archies has given a breakout from horizontal resistance as well as from ascending trend line on a huge volume, more than10 times daily volumes of average 30 days volumes after consolidating over 21 weeks. CMP @ 31.20 first target is 40, followed by second target @ 48. However, it will not be valid if price falls below 28.20. Disclaimer: It is not a recommendation...

NACHATUR Updated 

Sobha, Bangaluru based realtor, has given a breakout from Cup n handle formation which is a bullish formation @ 670 on 5 times 10 days average volumes. Keep a stop loss @615 and ride the ascent. First target is 756 followed by 980. A risk/reward of 1:3.35 Disclaimer:This is not a recommendation to buy or sell. This is only for educational purpose. I am not a SEBI...

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Vedanta has given a breakout from the descending trend line at 249.45 on more than double the volume of last 30 days average volumes. The target of this B/O is 285. However, it will not be valid below 240. This is not a recommendation to Buy or Sell. For educational purpose only.

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Nesco Ltd has given a breakout from inverse Head n Shoulder pattern with huge volumes which is 3.5 times average 10 days volume. CMP is 685. The target for this breakout is 805 and Stop Loss at 643. Disclaimer: I am not a SEBI registered analyst. Please consult your financial advisor before acting. This is not a recommendation to buy or sell. It is for...

NACHATUR Updated 

PB Fintech owner of PolicyBazar has given a breakout from long standing resistance at about RS.500 on double the volume of 10 days average volumes. Its first target is 556 and next target is 693. Keep a stop below 490. Disclosure: It's for educational purpose only. Please consider I have vested interest. Consult your Financial advisor before taking position.

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Piramal Pharma has given a breakout @101.10 after clearing resistance at 97.30 on nearly double the volume of 10 days average volumes. The first target is 125.20 followed by second target of 145.80 and final target of 180. Stop loss for the trade should be below 87.50. Piramal Pharma was demerged from Piramal Enterprise and after opening at 200 it had gone down...

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Wabag closed @392 on Thursday, 20th April, 2023. It's on the verge of breakout from Cup n Handle formation, which is a bullish formation. View is that it can be bought above breakout level @400-402 keeping stop @360 target @741. Disclaimer: This is for educational purpose only.

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Sonacoms stock has given a breakout from the descending trend line on 4 times 10 days average volumes. Its CMP is 455. It has come above 50 days EMA. Sonacom is a precision forging unit supplying to auto industry Including big names like Tesla. Its targets are 493, 548 and 609. However, it will not be valid below 430. Disclosure: its purpose is educational and I...

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ISEC has given a breakout of Cup n Handle formation on at least 60% higher volumes than 10 days average volumes. It's looking good for 583 and 672. It will not be valid below 515. A risk reward of 1:3. Disclaimer: This is not a recommendation to buy or sell. I am not a SEBI registered advisor. This is only for educational purpose.

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After falling for about a year, this quality company's share gave a breakout from horizontal resistance during end July' 22. However, the share has retested the breakout level and given a breakout from triangular consolidation/ pullback for about 5-6 weeks on huge volumes. Target for 12 months holding is about 26% higher than the current level. Various levels are...

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ALKYL AMINES has been declining for last 1 year due to rising inflation and costs. However, the company has achieved good results in the first quarter of FY 2022-23, declared today. It has given a breakout from descending trend line as well as from horizontal resistance. At CMP 3188, It looks good for a target of 3460, 3865, weak below 3000. Disclaimer: This is...

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USDINR has given a breakout at 78.50. It is likely to go upto 80.50 touching the upper trend line. It may not be valid below 78.90. Disclaimer: This chart is only for educational purpose.

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Positive divergence with RSI on daily chart of Nifty 50 spot gives an indication that in the short term Nifty bearishness may be over. On fundamental side inflation has moderated in India in the month of May (unlike the US) compared to previous month, April 2022. Disclaimer: The chart has been published for educational purpose only. You may consult your financial...

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Dollar index is showing Negative Divergence on the Daily chart. It has risen from 99.328 to 100.857 in the past one week but likely to fall in the coming weeks.

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ITC stock has been waiting to see no negative news in the budget before it could move up. Now that the budget is out of the way, this stock has given a breakout from the trend line with hugh volume. At 227.40, it is quoting at the multiple of 19.65 times the earnings. Target of this breakout will be 239, 260. It will not be valid below 221. Disclosure: I'm not a...

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There is confluence of three e moving averages in Sobha daily(4,9, and 18).Volatility has contracted and the script is ready to move up. Its on the verge of a breakout. Above 890 it's good for 963. Will not be valid below 863. I am not a SEBI registered professional advisor. This is not a recommendation to buy or sell. For educational purpose only.