Gail had rallied from 128 to 166 in April & May and then retraced 50%. It has crafted a falling wedge or pole & flag pattern and ready to give a breakout which is considered as a sign of trend reversal and beginning of bull run once again. A buying position can be initiated with a stop loss below 146.5 and target of around 165. Like & Follow for more new updates.
BankNifty was in a downtrend from mid February to April, making lower lows and lower highs ( LLLH ). Now after facing 3 times resistance of 34250 against flat Trendline T3, finally it has given a break out and making itself ready for a bull run. Global cues were performing excellent but Indian market was under pressure due to local news and events. Now, Indian...
WElCORP had been trading in a range/channel respecting trendline T1 & T2 since August 2020. It has formed a triangular pattern (T3 & T4) with a bullish breakout & good volume that may stretch the stock to further higher levels. One may enter into a buying position with a stop loss below 141 and a target of around 175 in next few months. Like & Follow for more new updates.
3M India had rallied from 19000 to 31000 in February & March and then retraced 50%. It has made a falling wedge or pole & flag pattern and gave a clear breakout which is considered as a sign of trend reversal and beginning of bull run. A buying position can be initiated with a stop loss below 24000 and target of around 30000.
PNB has been building up a good price action since last 2020 crash. Now looking forward, we can see a good triangular pattern that has a high probability of a bullish run which may give us a good target of around 46. But looking on the other side, in case it breaks down then it may get slapped till 34 and may recover from there or in worse case till 27. PNB has...
AUDCAB is looking bullish. It had took support 4 times over Trendline T1 and now it is now trying to make a W pattern with neckline T3. A buy can be initiated above 0.94100 with a stop loss below 0.93350 and taking a target of 0.95500. If it breaks out Trendline T2 successfully then we may see the targets of 0.97500 and 0.99500 also.
Kotak Mahindra bank had took support 3 times at Trendline T2 and faced resistance 4 times against Trendline T1 and minor supports at Trendline T3, while making a triangular pattern that may give us a bullish run if it breaks out the Trendline T4 with a stop loss below 1700. In case, stock unable to take support at Trendline T3 then it may move towards Trendline T2...
HDFC took support near 2360 for 4 times and has been trading in a channel/range for about 3 months. If Trendline T1 is broken out then it may give us a good target of 2800-2850. In case, it breaks down Trendline T2 then it may again take support at 2360 and after that it may give a breakout against extended Trendline T1 and go for a target of 2800-2850 with a stop...
M_M had faced multiple resistance and took various supports near 735. Stock broke previous swing high which now may act as a support and it is about to give a good breakout. The pattern appearing here is like a flat bottom triangle. Buy if it crosses 792 once again with a stop loss of 735 and target of 904.