AS WE CAN SEE IT HAS BROKEN OUT FROM THE BOTTOM WITH A GAP UP BUYING ALL THE WAY TO ITS 50 EMA. TODAY IT CROSSED ABOVE ITS 200 EMA AND RESISTED AT 125.2. A CLOSE ABOVE 125 COULD SHOW A BREAKOUT.
UPDATED THE NIFTY CHART. WE HAVE SEEN A BREAKOUT FROM THE FLAG PATTERN, AND NOW WE SEE A RANGEBOUND NIFTY TILL IT BREAKS EITHER ABOVE 10515 OR BELOW 10260.
KEEP AN EYE OUT FOR THIS ONE, AT RESISTANCE OF 1764 AND A TRIANGLE FORMATION COULD SOON BE A BUY AT LOWER LEVELS FOR A TARGET OF 1829 AND ABOVE.
WE IDENTIFIED THIS ON FUNDAMENTAL LEVELS AT 98, IT HAS SUCCESSFULLY COMPLETED AN ELLIOT WAVE CORRECTION WAVE AND HAS BROKEN OUT OF A MAJOR RANGE. IT HAS CLOSED ABOVE ITS 50 EMA & 200 EMA AS WELL AS ITS MAJOR LEVEL OF 115.5. WE EXPECT A TARGET OF 150.
SUNTV IS AT ITS RESISTANCE POINT, A MOVE POST ITS H&S PATTERN WILL CREATE A GOOD UPSIDE OPPORTUNITY. A CLOSE ABOVE 865 IS A BUY TRIGGER FOR A TARGET OF 1038. THE STOCK IS TRADING WAY ABOVE ITS 200 EMA AND 50 EMA.
JUST A STUDY, ENTRY ABOVE 645 ON CLOSING BASIS COULD GIVE US A SMALL UPSIDE TILL SUPPLY ZONE . THE STOCK HAS CLOSED ABOVE THE 50 EMA AND A MOVE TOWARDS ITS 200 EMA OF 710 COULD BE IMMINENT.
SUZLON COULD GIVE A TRIANGLE BREAKOUT. POST CONSOLIDATION THE STOCK IS REACHING ITS DEFLECTION POINT. A CLOSE ABOVE 17.25 WILL MOSTLY BE THE 50 EMA & 200 EMA CROSSOVER FOLLOWED BY A TRIANGLE BREAKOUT. TARGETS ARE 18.55 | 19.85 | 21.5
it has taken support and shown a decent up move, to its Fib retracement level of 177 as 1st Target.
A close above 189 will fuel new rally to 197
it has taken support and shown a decent up move, to its Fib retracement level of 177 as 1st Target.
JUST A STUDY, ENTRY ABOVE 645 ON CLOSING BASIS COULD GIVE US A SMALL UPSIDE TILL SUPPLY ZONE. THE STOCK HAS CLOSED ABOVE THE 50 EMA AND A MOVE TOWARDS ITS 200 EMA OF 710 COULD BE IMMINENT.
SUZLON COULD GIVE A TRIANGLE BREAKOUT. POST CONSOLIDATION THE STOCK IS REACHING ITS DEFLECTION POINT. A CLOSE ABOVE 17.25 WILL MOSTLY BE THE 50 EMA & 200 EMA CROSSOVER FOLLOWED BY A TRIANGLE BREAKOUT. TARGETS ARE 18.55 | 19.85 | 21.5
IDFC BANK has consolidated and soon could see some carry on buying, followed by a new trend...the continuous flirting of the 50 EMA with 200 EMA at short intervals is an indication of a price consolidation and trend consolidation. There's a move soon to be expected. (There could be a reverse merger with IDFC possible as per the rumors, in that case exit the trade)
Breakout can be possible, be in trade for Intraday as result today.
Breakout on rounding bottom seen, today is result day, be in buy with strict SL 750
It has broken out from a rounding bottom and will enter a new range soon.
lower bottoms and triangle pattern in making, breakout will give us good upward move.
lower bottoms and triangle pattern in making, breakout will give us good upward move.