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!
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
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 ...
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.
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.