Sandeepk31

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On daily chart nifty has made a bearish pattern. If it follows through then we can see possible target of 24472 Further target if bearish trend continues then 24089 and 23893 Stop loss on closing basis is 25501 Trade cautiously

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Reliance forming bullish Butterfly Harmonic Pattern on weekly charts and going no where up till November 20th. Good Time to accumulate. Targets marked on charts with horizontal line. Once point B is breached and closed then rally will start. Few triggers - Giga factory opening in December. JIO price hike effect Hydrogen plant Windfall tax removal effect No...

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On Monthly chart Eris Life has created Cup and Handle pattern Possible targets T1 - 878 T2- 1000 T3 - 1087 T4 - 1197 SL - 600 on monthly closing basis

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Not a technical view but this call is based on fundamental work being done by MGL across Mumbai, Thane, kalyan and dombivili. MGL has invested heavily to setup gas pipelines across KDMC and TMC limits. These pipelines are being laid in very heavily populated areas and have lot of potentials to generate revenue as people subscribe to piped gas. This may take few...

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Gold broke out of Bullish flag pattern and going for new targets. First target is 2075 and final target is 2458. These are long term monthly targets.

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PIIND is trading in symmetrical triangle pattern on daily charts. Currently inside the triangular channel. Once breakout is confirmed. We can see piind moving to new highs in future. Another positive found is moving average crossovers occurring on weekly charts. Wait for breakout confirmation to enter. All targets are marked on chart. Follow stop loss as...

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There is symmetrical triangle breakout of Bank of America after consolidation. Long term targets are marked on the charts with horizontal lines. They will act as resistance as well as support. No stop Loss. View is for next 1- 3 years.

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Bayer CropScience is in a channel and can see more downside in coming month. Its a Three drives pattern and if it follows then the Long target is 6794 On downside 3800 seems possible target. Support and resistance are marked on chart.

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On weekly charts Abbott india is forming flag and pole pattern. Looks strong on technical charts till now. Stop loss will be lower end of following flag channel on weekly closing basis. Once the pattern breakout occurs. Following are the targets - Target 1 - 31500 Target 2 - 32600 Target 3 - 34000 Don't fall in FOMO mode and wait.

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Sanofi India is near completion of its Harmonic pattern and will turn bullish. Sanofi India is nearing its bottom and seems will bottom out close to 4796 by end of May. Accumulation can be started from 5000 Stop Loss is 4700 on monthly closing basis Target 1 - 7424 Target 2 - 8989 Target 3 - 9285

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Long HDFCAMC for Long term near 1800 with stop loss of 1740 on closing basis. Following are likely target Buy near 1800 Target 1 - 2700 Target 2 - 3300 Target 3 - 3800 SL 1760

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IndusInd Bank moving averages are in a mood for positive crossover on monthly charts. Monthly chart may have an golden crossover in coming few months Target of 1500 - 1600. Wait for at least 13-50 crossover to complete before entering the stock.

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Wait for breakout and close above trendline to enter on monthly charts. Forming a Flag and Pole pattern on Monthly charts and Last month volume indicating reversal in downtrend of stock. Stop Loss will be low of breakout candle once its breakout. Single Target 1400 to 1450 Long term view not for day trading.

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IRCTC after initial rally has been trading in a very congested channel from last 2 years. The support has been maintained at 547 and trading in a channel making higher lows. Once the breakout happens from consolidation then in 1-2 years you can see a target of 1900+ Stop Loss on monthly closing basis can be maintained at 545 All intermediate target are...

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Abbott trading in a closed triangle pattern on Monthly and weekly charts. It can breakout on either side. At the lower level of the triangle there is a volume coming in indicating strength currently. Formed hammer on last monthly chart candle. If it follows then target of 26000 can be seen. Stop loss will be base price of triangle pattern. Note: On closing basis...

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HUL is trading in a triangular channel and awaiting breakout. Breakout on upper side will take it to previous 52 week high and then 3000 and 3250 are next target. Stop Loss will be Low of the breakout candle once it happens. Not a buy recommendation unless breakout occurs and closes above the triangular channel on Monthly charts.

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Engineers India gave a perfect Triangle breakout on monthly chart. 82.5 is a first resistance once sustains above this then stock will go for target of 109.25 In few years can reach a target of 200+ if it shows improved earnings Stop loss should be base of triangle pattern on closing basis.

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The observation is not based on any indicators but a trend pattern and we may see the last leg of rally in Nestle in near term. The stop Loss is low of the last breakout candle on trend line. The immediate target is 26K and further target is 29K+. if it sustains above the 26K on monthly chart. Rationale - Nestle has been consistent with rising price trend in...