Overview of Nifty Metal Index:
After a long recent run-up as we can see on the chart, it made an Evening star pattern at an all-time high which is a bearish pattern and after consolidating for a while it has started moving down. On Friday too it made a Bearish closing and is now near its swing low. If it breaks down there is immediate earlier resistance which...
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IRCTC- Daily Time-frame
As we can see from the charts IRCTC was consolidating in a tight range for a long time now and on Friday it finally gave a breakout with good volume. RSI outlook is also Positive. One can take entry at the CMP for the mentioned targets.
Sumitomo Chemical- Daily Timeframe
I love how well does the change in polarity concept works and as we can see here the stock is trading near its earlier support which is now acting as resistance and while looking at the volumes we may witness a breakout and be ready to enter our positions for the mentioned targets. RSI outlook is also positive. Only for...
VENKY'S- Daily Timeframe.
As we can see from the above chart it was forming descending triangle western pattern and finally today it has given the breakout. The chart looks perfect and the target could be kept as an All-time high for a medium-term time frame. According to the descending triangle pattern target for upside is the length of the horizontal side...
VOLTAS- Daily Time Frame
Voltas recently gave breakout from Descending Pattern on the upwards side and is recently trading around its multiple times tested resistance, so risk-averse can take entry after it is taken out for the mentioned targets.
INDIA GLYCOL- Daily Timeframe.
As we can see from the chart India Glycol is currently trading at its near resistance which is been tested multiple times. If it closes above the resistance one can take entry for the mentioned targets keeping the stop loss below the previous swing low.
HCL Technologies saw a short term correction as the whole IT sector witnessed it. As we can see it took support on trendline two times and respecting it, risk-averse can take entry after the marked levels while risk-takers can take entry at CMP for the following targets.
RADICO KHAITAN- Daily Time frame.
Radico Khaitan was consolidating for a few months now and it finally gave breakout a few days ago. The resistance level was tested multiple times so it can act as good support now. Volumes have also been increasing which is a positive sign and it is a fundamentally good company. Entry can be taken at CMP for the mentioned targets.
SONA BLW PRECISION-Daily Time frame
I had shared this idea of SONA BLW PRECISION a month ago on Tradingview and after hitting the 1st Target we saw some profit booking in this stock and now again as we can see it is respecting the trend-line and entry can be taken in the stock at the current market price with the same targets.
As we can see in the above chart the Welspun India is in a long uptrend and after recent short term correction the stock has not made a newer low and have started to rise and today it broke an important resistance level and with a good volume. RSI outlook is also bullish as it crossed 60 today. One can take entry in the stock at the current market price for the...
Berger Paints is forming double bottom formation on charts which is a bullish pattern and entry can be taken at current market price for the immediate target of the T-1, after the T-1 level is broken fresh entry can be taken keeping target as all-time high levels.
Sona BLW Precision- Daily Time Frame
As we can the chart is in a long term uptrend and we have witnessed a short term correction which was due, but it failed to create a new low and is still intact as in the long term uptrend. So, the stock can be bought for the mentioned targets.
Major Private Bank HDFC had formed W pattern which is considered to be a bullish pattern and today it gave a breakout and a bullish momentum in the stock can be seen, one can buy the stock at the current price or can wait for a retest to confirm the breakout and then take entry for the mentioned targets.
India Glycol recently gave breakout from its multiple times tested resistance and soon after that, the stock has risen tremendously. And after such a strong move it is now consolidating inside Mother candle for 7 days straight, once we see a breakout from on upper side from the Mother candle's high one can take entry in this stock for given targets.
As we can see that Route Mobile is in a strong uptrend and have recently given a breakout from its resistance level which was tested multiple times. Also, it is coming towards its neckline and if a bullish candle is formed at the neckline one can enter into this stock for the given targets.
Eris Lifesciences is forming a rounded bottom pattern.
Volumes have also increased indicating greater bullishness
One may keep a hawkeye and take positions for the following targets after the pattern is completed and neckline is broken.