MOTHERSUMI just created a perfect cup & handle formation. RSI is showing bullish divergence. Volume doesn't look promising, and stock is below the 200 EMA. Keep in watchlist for any potential breakout in the near future.
RVNL Breakout of 7-month Trendline with huge volumes. Can expect a minimum of 5% up-move. Entry - Close above 32.50 Target 1 - 34.20 Target 2 - 36.00 Target 3 - 38.60 SL - 30.65
JKTYRE showing signs of a breakout. Testing the trendline multiple times now. Last 2 days there is good volume. Entry - Close above 176.10 Target 1 - 186.75 Target 2 - 197.65 SL - 164.50 Study the stock & Trade Responsibly.
TEXMACO RAIL & ENG - TEXRAIL POTENTIAL BREAKOUT TEXRAIL is in an ascending parallel channel pattern for a very long time. Now it has broken out of a 5 month Trendline. Entry - Above 45.80 SL - 41 Target 1 - 49 Target 2 - 57 Study the stock before making any investments.
WELSPUNIND after hitting ATH in Oct 2021 fell more than 60%. Since hitting 52wk low stock has been taking support from a rising trendline. Past 3 months stock has been consolidating in a tight range with medium to good volume. A break above the 200 EMA can give the stock some recovery chance. Previously the stock gave a good breakout and reached ATH from these...
SATIA INDUSTRIES have been making HH & HL formation for a while now. Also had a pretty good recent result. The scrip has been testing the trendline Mutiple times without success. Wait for confirmation, don't jump in blindly. A strong break above the trendline can result in pretty sharp up move of 15-20%. Entry - Close above 153 Target 1- 170 Target 2 - 191 SL...
DEEPAK FERTILISERS have been following a parallel channel for a very very long time. I have made successful trades the last 3 times. This looks to be the 4th time. Can see similarities all previous times RSI was coming sharply from 30 region to higher soon after touching the trendline. Add to that the company had produced a good result this quarter. Entry -...
NTPC breaking out with good momentum, can expect a minimum of 10% upmove. Entry - 169 (Buy on Dips till 167) Target 1 - 175 Target 2 - 188 SL - 163
NATIONALUM showing good momentum, already broke out of the falling trendline with good volume. The Results last week was also good news compared to the previous 2 quarters. Currently Retesting, good opportunity to capture it. Entry - 76.60 Target 1 - 85.95 Target 2 - 94.45 SL - 71.70 Study the stock & Trade Responsibly
GENUS PAPER showing signs of an up move. Entry - 19.30 - 18.20 Target 1 - 20.05 Target 2 - 22.30 Target 3 - 25.60 SL - 15.75 Study the stock & Trade Responsibly. Take caution & exit trades when your own risk: reward is achieved, don't wait for all targets to hit
Tilknagar Industries Potential Breakout Entry - 87 Target 1 - 102.50 Target 2 - 124.50 SL - 77 Expected Timeframe - 1 to 4 months
SATIA showing strong upmove Can move immediate target of 132 Entry - Close above 120 Target 1 - 132 Target 2- 150 SL - 110.75
KCP showing good momentum and up-move chance. Entry - Close above 118.25 Target 1 - 124.95 Target 2 - 133.40 SL - 109.45
JMC Projects looking to break trendline with good volume. Entry - Close above 96 T1 - 106.90 T2 - 116.45 SL - 85.85
PDMJPAPER was in a parallel channel for almost a year now. Strong breakout with volume expansion. Almost a Flag & Pole Pattern Entry - Above 45.60 Target 1 - 54 Target 2 - 67 SL - 39.75
PENNAR INDUSTRIES - PENIND | Channel breakout Looking good for a Swing. Broke out on 1D timeframe and now into retracement. If respects the trendline Go Long above 40 Buy above - 40 Stop Loss - 38.20 Target 1 - 46.15 ( 15% ) Target 2 - 50.30 ( 25% )
ELECTROSTEEL CAST showing signs of a medium up move. Entry - 42.20 Target 1 - 46.35 Target 2 - 50.15 SL - 37.55 Study the stock carefully & Trade responsibly.
TRIDENT today broke the almost 1 year falling trendline with great volume. Earnings are scheduled for 14-Nov, so looking for a good up move of 21-55%. There is a strong support at 33-35 region Entry - 37-38 Target 1 - 46 Target 2 - 56 SL - 32.50 Study the stock clearly before entering.