Current price action is consolidation within uptrend. Now, the price action tested the previous support, failed to break it and now it may swing up to test the resistance range in coming days. It seems like a good swing trade setup.
It has been observed that the price action breaks out above the 6 months trendline and confirmed the breakout by re-testing of trendline by forming a bullish candlestick. The breakout is also confirmed by the RSI Bullish Divergence. Therefore, price action is expected to go further up from here on. T1-17.5, SL 14
It has been observed that the price action is consolidating for last 6 months between the range of 300 points from 1500 to 1800 levels.
Flight 01 (Up)
Investors who want to enter in the stock can wait for a breakout above 1800 levels on daily chart with good volumes in order to confirm the up trend in the stock. In my opinion, the company needs some positives...
It has been observed that the price action breaks above strong resistance level of 500 level and also a consolidation over 100 weeks (700 days), indicating a sustainable strong movement ahead. Another big news in market that promoted this breakout is the initiating plans of "online alcohol delivery" in selected states. This may increase the revenue and growth of...
The stock is in consolidation phase, where a swing trade setup is been spotted on the daily chart.
The price action firstly made a double bottom on the previous support indicating buyers strong hold on that price range, indicative of buyers buying at support again to swing the prices up. Hence providing a low risk swing trade setup on daily chart.
T1- 950 I SL -...
It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks.
It is providing a good investment opportunity with holding time of 6m-1year.
T1- 250 SL 130
Price action firstly breaks above the diagonal trend line and now it is breaking above the short consolidated triangle pattern, indicating further continuation of the trend and a higher move up towards 1200 levels.
As per the price action on hourly chart, it is observed that the price action consolidated after a sharp correction to the previous gap up levels. Now price action formed a pennant triangle pattern, indicating continuation of prior strong bearish move. The price action may further fall down to 325-330 levels.
It is a low risk, high reward trade setup.
PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take...
It has been observed that the price action breaking above the nearest resistance of 5400 level. Once the price action closes above 5400 on daily chart then the price action may further excel and reach towards 5800-6000 levels.
Note a close above 5400 is required to confirm further excel in the price action.
As observed on the chart, the price action reached to monthly level support zone, stayed and made a double bottom followed by bullish divergence, indicating a strong pullback from current levels.
As per my analysis, it may move up to the following targets
T1- 2000 (1:2)
Kindly do your due diligence before taking any action.
Observed that the price action breaks out from the consolidation zone of 145-135 levels and closed below it, indicating further weakness ahead. The price action may further dip down to the 130, 125 levels to also fill up the big gap on the chart too.
Currently, the price action failed to cross above the initial resistance level of 6650-6670 (indicating continuation of prevailing down trend) and came back down to test the previous strong and crucial support. Now, if the price action got further weaker then it may break the crucial support range and goes further down to 6000 levels. It shall be the continuation...
Fundamentally: Strong and Undervalued
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.
Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current...
As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.
In Automobile Sector - Leading Companies Industrywise
1. AshokLeyland (Commercial Vehicle)
2. Jamna Auto/Automotive Axles (Auto Ancillaries)
3. VSTTractors/ Escorts ...
Technical: Strong breakout Awaiting
After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500.
Market Cap: 1600 Cr.
Debt to Equity:...