In the coming week we may see a small dip towards 24750-725 levels to cool off the RSI in 30 mins time frame. Once it cools off it will be ready for and upside journey! Targets for NIFTY are 25400-26250 levels in coming 2-3 weeks time frame.
Tata motors has created a good flag pattern, the height of the pole is 500 points, Today - 25th July it has given a breakout from the pattern. Tata motors will hit 1500++ levels due to Flag pattern breakout out.
Alembic Ltd is into multiple businesses, pharma, real estate and power assets as well. A debt free company. A strong rounding bottom breakout with volumes. Looks good at 150-155 level Support zone is 110 Can reach 190-230-280 levels.
A Flag pattern breakout in ITC!! The mamoth is ready for more upside, it has the possibility to almost double from here!! Pole height : 300 points Breakout point : 455 Price where it can reach due to the pattern breakout : 754 Return Expected : 65-70% Strong Volumes as well !!
A Flag pattern breakout in ITC!! The mamoth is ready for more upside, it has the possibility to almost double from here!! Pole height : 300 points Breakout point : 455 Price where it can reach due to the pattern breakout : 754 Return Expected : 65-70% Strong Volumes as well !!
Nifty looks stronger rather then Bank nifty overall in the charts, Nifty above 24600 will open doors fro 24800 levels above the new range till 25200 levels. SUpport is at 24150-24250, below this price should see 23980 level. Bank Nifty has given a breakout from falling wedge, support at 52000-51900 levels, upside till 53200 level.
Nifty and Bank Nifty on daily chart are showing some weakness, Nifty if breaches 24400 level then we can see a movement to 24800, in shorter time frame (30mins) nifty has shown a strong upside move, which indicate it will move up!! Bank nifty is still lagging behind, it has to move aboe 53300 level for further upside to 54100-200 levels, support is at 51900 level.
A nice one and half year pattern breakout Breakout Zone : 475 Support Zone - 410-415 Target : 575 - 675 Looks good for Medium Term
Nifty has touched the upper trendline, previously whenever Nifty has touches the upper trendline it has give a correction or a sideways movement and slow downward movement. 23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!
Idea has got several major news in past few days !! Strong volumes breakout as well !! Breakout zone is 18.5 and above Support is around 16 It can easily hit 27-35 levels in coming months !!
CUB is breakout above 169 price after an year along with cup and handle pattern. CUB also has good high volumes along with price action. While achieving the target of this cup and handle it will also complete another rounding bottom. which will open doors for higher targets !! Cup Height : 50 points Breakout Zone : 168 Target : 222-256-275++
Suzlon has created a double positive chart pattern 1. Flag Pattern - Breakout Done 2. Rounding Bottom - At Breakout area. Flag pattern has a pole of 40 points which make the target of 94 - It has already broken out from the Flag pattern. Rounding Bottom its almost there breakout is above 56. Once this is crossed it will start its journey towards 104...
Nifty looks like will test 23200 level for once and then resume its upward movement towards 23800-24200-24800. Its lacking the momentum as of now. Bank Nifty has given a strong breakout and we saw 2000 points rally as well!! above 51900 it will open doors for 54100.
Nifty and Bank nifty have been trading in the range for last whole week. It was due for a sideways movement after a massive movement in the Election result week. Nifty above 23550 level will open for a new zone and head towards 23900-24200-24800, down side is majorly capped as of now till 23200-23000 level. Bank nifty above 50500 will open doors for...
A strong flag breakout above 2860. Flag Height : 1100 points Support / Stop Loss : 2575 Target : 3300-3700 Medium Term View. (6-18 month time frame)
Cipla has created inverted. Breakout zone above : 1515 support zone is at 1420 levels Pattern break out target is 1700. its a short term trade.
Nifty was moving in a parallel channel for almost 6 months, last week it tested the bottom channel as well it tested and broke out on the upper level channel on a daily chart. In 30 mins chart Nifty has created a 1200 points Flag pattern and has also given a strong break out as well!! Accorinding to the flag pattern Nifty can hit 24K level soon !
Andhra Petrochemicals is a Monopolistic business, There is no plant like their, in Q4FY24 they gave a bumper results as well, along with Rs 2 Dividend (200% Dividend). A nice inverted H&S has been created and breakout is round the corner above 106 levels. Target is 170++ you can keep SL as 84 for the same.