Gitanjali Gems has formed a long term Symmetric Triangle which is going to give a breakout soon. One can go long at CMP of around 64 with a SL of 61 on closing basis. Potential target of 70+ atleast. Risk to Reward Ratio:1:2(assuming min target of 70, actual targets are higher. Time Frame - 30-40days Goodluck Trading!
Triangle Breakout.Buy above the high of this long green candle(in order to reduce chances of getting trapped in a fake breakout) i.e around 481-481.Targets would be 509,522 and then 535-540 is also possible. Keep a SL of 450 on closing basis. Goodluck Trading!
Hotel Leela rallied,then went into a flag pattern then again rallied and now in a traingle pattern. It has just given a breakout from the triangle go long at current market price 23.6 or at days low for targets of 26,27.2 and then 30. Maintain SL as 21 on closing basis. GoodLuck Trading!
Speciality after a nice rally has given a flag breakout. A flag breakout is a continuation pattern which suggests that the uptrend will continue. Go long at current market price 120 for target 124,128 and then 135,140.SL 109 on closing basis. Goodluck Trading!
Prakash Industries has rallied from about 100 to 139 and now has formed a pennant pattern on hourly charts. Also there is a bullish hidden RSI divergence. Buy tomorrow on opening with a strict SL of 132 for a target of 150 and 155 in 2-3days only. Risk to Reward Ratio- 1:4 almost Time frame - 3days only Potential Upside - 10%-12% Goodluck Trading!
Prakash Industries has rallied from about 100 to 139 and now has formed a pennant pattern on hourly charts.Also there is a bullish hidden RSI divergence. Buy tomorrow on opening with a strict SL of 132 for a target of 150 and 155 in 2-3days only. Risk to Reward Ratio- 1:4 almost Time frame - 3days only Potential Upside - 10%-12% Goodluck Trading
A beautiful triangle on the verge of a breakout.Not much explanation required.One can go long at cmp 87 for first target on the upper end of the traingle. Stop loss 85 If breakout on the upside(which is most likely) then targets are - 95 and then 100. If breakout on the downside then targets are - 82 and then 75.
Pilani Invesments a is very strong stock fundamentally.Its market value of invesments is more than its market cap of 1815cr. Charts Suggest bullish move coming.It has formed a symmetric triangle on daily charts with bullish bias. On weekly charts it has formed a Pennant Pattern.A pennant pattern is continuation pattern, so if a stock is in uptrend a pennant...
Jvl Agro has given a bullish breakout from the Symmetric triangle drawn.A closing above 23.8-24 would be very bullish.One can go long for targets of 24.8,25.8 and if this is achieved i will update regarding further price action.Maintain SL as 21.8 on closing basis. I will post a picture of the montly charts in the comments which seem very bullish too. Goodluck Trading!
Stock has finally broken crucial resistance zone of 95-97 with HUGE volumes.One can enter with targets of 107,111 and then if everything is good it can break life time high,SL will be 95on closing basis.Ashok Leyland is great stock from an invesment point of view also.
Prices have taken good support at 153level.Stock was facing resistance by the trendline drawn and 20ema since quite some time and now finally it has broken the resistance with good volumes! One can go long for targets of 174 and the 180.SL will be 157 on closing basis. We may face a small resistance at 170levels so trade with caution on those levels. Goodluck Trading!
So there was a cup and handle pattern which didn't give a breakout.Now price has been in an ascending triangle and has given a breakout.First target would 105.5-106 and if we get a breakout from that zone then much higher targets of around 120-130. Personally i'm bullish on NBFC's so this would be a good pick.
Simple Pattern.Buy @18.5-18.6 for target 1-18.8 SL 18.45. If we get a breakout on the upside stay in the trade with SL accordingly so that we are only in profits. Downside breakout then go short.
Ascending Triangle Setup.Buy above 254 for target shown in the charts.I am very bullish on this stock, as it has formed a Symmetric Triangle on weekly charts also, look below for weekly chart setup.Buy only on breakout on the upside. Ready to Blast. Goodluck Trading!
Check previous idea on daily charts.Vey Bullish.
Price is trying and should break this resistance of 246.RSI and MACD both are bullish. Also price is just hugging the 20ema,so it has enough room to run after breakout. One can buy above resistance once you get a clear breakout for targets of 260 and then 271.
Glenmark has been hammered post results due to lower than expectation profits.This stock has been hammered way too much,fundamentals are strong and also no USFDA issues.It has found support near 605-610.One can buy this with a target of around 720-750 and Stop Loss 595.