USDINR is at 18 months high. But it faces negative divergence with RSI.
Dollar Index has given a breakout from the cup and handle pattern. What remains to be seen if it's a real or false breakout
Subex had been consolidating below 17.80 for a period of more than 8 years from July 2012 to Oct 2020. It's share price has multiplied more than 4 times in the preceding 10 months. It has declared a dividend after lapse of 14 years, in Feb 2021. Weak below 49.80, target 95, 120. Disclaimer: It's not a recommendation to buy or sell. Do your own diligence. For...
JPYINR 0.66893 has formed head and shoulder pattern before consolidating in a rising Chanel. During this week It is likely to give a breakdown from the Chanel. The target of the pattern would be 0.6653, about 40 paise below current price. It will not be valid above 0.6711 about 20 paise above the current level. Risk:Reward= 1:2 Disclaimer: This is not a...
SWARAJENG 1782 has given a breakout after consolidating for about 35 months from cup and handle pattern at 1682 on rising volumes on the monthly chart (3 days remaining). Target would be 2440. Weakness below 1522. R:R= 1:5 Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
As the lockdown is easing, fashion is likely to make a comeback. Moreover, the share has been upgraded to F&O in the NSE. If it crosses resistance @226, on high volumes, it may give a breakout. Target is 280, weak below 208. Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
This is 'UNLOCK' trade which means as the lockdown is eased, travel and tourism will pickup. Buy on dips to 350-340, keep a stop below 310 for target 500, 585. Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
ASALCBR has been consistently making higher tops and higher lows. It has given a mini breakout today on hugh volumes. Buy on retest at about 470 for a target of 710, keeping stop loss at 421. Disclaimer: This is not an advice to buy or sell. Do your own due diligence. For education purpose only.
FACT has been rising from the levels of 40-45, and has given a breakout from the horizontal resistance and Cup and handle pattern @139-140. Buy at cmp at 143-144 for a target of 180 and stop below 127. Disclaimer: This is not a recommendation to buy or sell. For educational purpose only.
NBVENTURES has given a fresh breakout from the resistance @108.70. Buy at CMP around 114 keeping a stop below 104 for target of 152. Disclaimer: This is not a recommendation to buy or sell. Please carryout your due diligence. For education purpose only.
From the time this company has been carved out from the parent company Jubilant Life in March 202, it has been moving in higher boxes. Darvas has spoken of these boxes and therefore called Darvas Boxes. Not much history, and therefore, difficult to give target and stop loss. Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
This subsidiary of Punjab National Bank had fallen on bad days ever since PNB's fall after Nirav Modi case. However, PNB was in the market to sell the stake. Now marquee investors Aditya Puri and Carlyl group have decided to invest. It has given a breakout from CNH formation on the weekly chart. Narrative on the chart. Should reward long term...
Accelya Solutions is a software company handling digital transactions for the aviation sector. Since lockdown the aviation sector was affected, so was the fortune of this company. However, the sector's hopes are reviving as the pandemic subsides. Accelya has given a breakout from the consolidation and is quoting 7% higher around 960. It's likely to do well,...
Engineers India is a project and consultancy giant for the oil industry. It has been consolidating for the last 3 years. It has given a breakout from horizontal resistance@83.80. Expect it to move upto 100 and 139. Not valid below 74.90. Disclaimer: This is not a recommendation to buy or sell. Please carryout your due diligence. For education purpose only.
Maithan Alloys has been consolidating for about 22 months before giving a breakout. It has finally given a breakout @720. Target would be 895 and stop loss @678. Disclaimer: I'm not a SEBI registered analyst. This is not a recommendation to buy or sell. For educational purpose only.
This hourly chart shows that there is breakdown from the ascending trend line consolidation and another breakdown is awaited from the horizontal support. Target of the fall would be 73 where it may find support at 200 period ema. Stop may be kept above 73.45. Disclaimer: I'm not a SEBI registered advisor. This is not a recommendation to buy or sell. For education...
Britannia has given breakout from the descending trend line joining the peaks on the daily chart. This breakout has come after 35 weeks or 8 months of consolidation. The breakout has been accompanied with 25% higher volumes above 10 days average. Simultaneously the breakout has come after confluence of three major moving averages, 18, 50 and 200 days exponential...
SCHAND is firmly established on the path of recovery from many years of loss making. It has been making smart moves with digital platform 'Learnflix'. It has risen in a triangular wedge before giving breakout. The target of this breakout is 147 and weakness below 100. Disclaimer: this is not a buy / sell recommendation. For education purposes only.