The stock is forming a pennant pattern near 250 level which is major psychological resistance.
Multiple upper shadows towards and above 250 level with rising buying volume.
Stock is also perfectly validating its 20MA
Deepak Nitrite has formed an ascending triangle pattern on hourly charts!
The stock is accumulating buyers by making higher lows and a horizontal resistance of 1840 and its supported by RSI.
Expect a big move up to 2000 eventually after crossing 1840.
Good for a swing trade.
Refex has been consolidating and price action/volumes not showing any weakness.
It has retested the last breakout level which acts as a demand zone now.
Buy ABOVE breakout level for a safe trade! 1:3 RR ratio is possible!
Levels mentioned on chart.
TATACONSUM is the newest member of Nifty50.
It has formed a nice ascending triangle pattern and spending its time most towards the highs.
RSI is above 60 which shows a good buying strength.
Also one can expect good long-term gains as the stock is new in the index and the index-fund has no other option than making a huge buying here!
Many reasons to buy SBICARD:
1. March Quarter results - YoY Growth has been doubled.
2. Prices coming back to the parallel channel.
3. Tested support of 880 even after heavy selling.
4. Good business model, thus it can give great gains in long-term as well.
Targets marked on the chart with RED lines.
Happiest Minds have formed a nice inside bar candle pattern with a trendline support!
Also, volumes are dried up which signifies that demand & supply is exhausted.
Multiple upper shadows are at 659 level. Thus, the Breakout level is 659.
Expect 695 as the first target.
By Defending its psychological support of 500 level and Moving Averages RAMCOSYS can go high up again.
RSI showing Bullish Divergence of Daily Charts and Volumes are dried up. Today is the lowest volume in the last 45 days which signifies that sellers could not pressurize more selling.
BPCL has tested it's 200-EMA since last 8 days and now taking off.
Also, the last day volume is more than the average volume.
The graph also forming an ascending triangle pattern with higher lows while the upper resistance is maintained near 460 Levels.
FSL Looks attractive to Long at 111 level.
Validated the resistance once, amazing buying volumes and strictly following a trendline.
Talking about the fundamentals, P/E ratio is also less as compared to the industry.
Thyrocare seems bullish with good buyers volume.
With a strong support zone between 975-1000, it has formed a double bottom at the support zone.
Long if sustains about 943 with SL of 860.
Take targets 942, 987, 1140 by trailing stop-loss.