NikTrader001

NikTrader001 Updated 

LIC Housing has been trading in a triangle pattern since June 2017 and has tried to break out of the pattern last week. At current levels of 394 it can be bought in with SL below 330 on weekly closing basis. T1 - 455 - 460 , T2 570 - 580.

NikTrader001 Updated 

TCS is trading in an ascending triangle chart pattern and is looking good for a buy. No confirmed entry as of current level of 3345 but any move above 3360 should be bought in with target of 3430 and T2 of 3490. Sl will be any closing below 3320 on hourly charts.

NikTrader001 Updated 

GAIL has created a flag and pole set up on the daily and weekly charts. Trading at 103 it is at its bottom end of the flag and even has trend line support to give momentum to the stock. Buy at current levels , SL to be placed on a closing below 102 on a weekly basis for Tgt of 108, 112 . Can hold upto levels of 130 if bought in cash but then adjust SL to be below...

NikTrader001 Updated 

Castrol has been in a continuous downtrend since 2015 and has bottomed out at 100. The triangle pattern is clearly broken in this weekly chart and is ready to give out huge targets. Any dip towards 125 - 127 can be bought in with T1 - 152 and T2 at ~ 180 levels giving a risk reward of 1:4. SL to be maintained at closing below 110 on weekly charts. MACD and ADX...

NikTrader001 Updated 

Tatasteel has formed a triangle pattern and in consolidation since August 2021 as seen in this weekly chart. This pattern has a huge potential for a superb breakout so the tgts would be 127 , 150. The ADX and MACD are also supporting the view so a buy with SL below 104 on weekly closing would be a great 1:3 ratio.

NikTrader001 Updated 

Power Grid on weekly charts has been trading in the Triangle pattern since almost a year and now is set to give a breakout above 228 for a tgt of 238- 240 and T2 - 246-248. SL to be placed below 215. MACD and ADX both are at great levels to support buy call in this share.

NikTrader001

Biocon has been in a Downtrend since 2021 and may even still continue but according to the parallel channel it is trading in, it seems to have come to a good support. Also, it is al the lows of August - September 2019 which if broken could see more downfall toward 150 - 160 levels. A stop loss below 195 and target of T1 - 260 and T2 - 310 should be a good trade...

NikTrader001

Indusind bank is trading above all moving averages on the daily time frame(20,50,100) and also has given a superb breakout on the monthly chart. Anything trading above 1190 should trigger a buy with SL below 1080 and Targets of 1450 and 1580!! This is a 1:3.5 ratio!!

NikTrader001 Updated 

Coal India has been trading in a parallel channel since almost a year now. It has come at its support which also happens to be the 50DMA on the weekly charts. Expect targets upto 150 and later 170. SL - closing below the channel on weekly basis. Happy trading!!!

NikTrader001 Updated 

HUL(2204.75) has been moving in an up-trending channel pattern since 2018. At the current juncture, it is at its 50DMA(2196.35). One can go long for targets 2350 and 2560 in coming weeks.

NikTrader001 Updated 

HDFC is at it 200DMA and it has come to this level after a significantly long time. A potential breakout is expected on crossing 2530 levels with tgts 2650 and 2780. Wait for price to indicate the breakout!

NikTrader001 Updated 

BPCL has just started making higher Highs and Higher lows on the weekly chart and is a great Buy on any dips towards 420 levels with SL at 415 for targets till 535!!! It is moving in an up-trending channel pattern with MACD supporting the Bullish move.