ShriramN

ShriramN

FSL is in an up-trend. The up-rally on this counter went into consolidation. The consolidation got the upward breakout on a daily candle dated 2nd June 2021 and closed at Rs.146.50. This breakout is supported by increased volume. I anticipate the price target of Rs.163 in a time frame of about 5 daily candles. I suggest the stop loss at Rs.142. The risk-reward...

ShriramN

JSW Energy is in an uptrend. During this uptrend the counter went into the consolidation from 11th May 2021. The consolidation was preceded by an impressive up rally. The price gave an upward breakout to the consolidation on a daily chart on 1st June 2021 and closed at Rs.126. This breakout has a massive volume support. I anticipate the price target of Rs.156....

ShriramN

Kirloskar Oil Engines was in a consolidation which was preceded by an impressive up rally. The price gave an upward breakout on a daily chart to the consolidation and closed at Rs.237.40. I anticipate the price target of Rs.272 and suggest the stop loss at Rs.223 to be followed for the first 4 daily candles starting from 27th May 2021. Thereafter, the profit...

ShriramN

Sonata Software was in a consolidation of more than one month. The consolidation was preceded by an up rally. Price gave an upward breakout to the consolidation on daily candle dated 26th May 2021 and closed at Rs.644.55. The breakout has a massive volume support. I anticipate the price target of Rs.740. Expected time frame for the price target is 15-20 daily...

ShriramN

Bajaj Finserv was in a consolidation of almost one month. The consolidation was preceded by an up rally. The daily candle dated 26th May 2021 gave an upward breakout to the consolidation and closed at Rs.11,906.40. The breakout has massive volume support. I anticipate the Price Target of Rs. 13,400 in about 10-15 days. The expected returns are 12.50%. The...

ShriramN

Concor was in a consolidation for last 2.5 months. The consolidation was preceded by an impressive rally. The price gave an upward breakout to the consolidation on a daily chart on 24th May 2021 and closed at Rs.634.55. The breakout candle is supported by massive rise in volume. I anticipate the price target of Rs.792 and the time frame of around 3 moths to...

ShriramN

Jamna Auto was in a consolidation of 3.5 months. This consolidation was preceded by an impressive rally. The price gave an upward breakout to the consolidation on a weekly chart and closed at Rs.77.45 on Friday 21st May 2021. The breakout has huge volume support. I anticipate the price target of Rs.97 and the time frame of around 3 months to achieve the price...

ShriramN

Adani Power is in an uptrend. The counter went into the consolidation after 25th March 2021. This almost 2 month long consolidation is characterised by a downward sloping resistance line and upward sloping support line forming a symmetrical triangle. The price gave an upward breakout to the resistance line on the daily candle of 18th May 2021 and closed at the...

ShriramN

Lupin Ltd. was in a consolidation since September 2020. The consolidation was preceded by an up rally. The price gave the upward breakout on a weekly chart and closed at Rs. 1196.55 with huge volume support. This formed the price pattern known as up-flag on the weekly chart of this counter. I anticipate the price target of Rs.1,600 and suggest the stop loss at...

ShriramN

SBI Life Insurance Company Ltd. Was in a consolidation for last 9 months since 27th July 2020. This consolidation is characterised by the rising resistance line as well as rising support line. Price gave the upward breakout to the consolidation on the weekly candle (Week 3rd May-7th May) and closed at Rs.1,000.25 with massive volume support. I anticipate the price...

ShriramN

Jindal Stainless (Hisar) Ltd. was in a consolidation since 27th April 2021. This consolidation was preceded by an up-rally. The price gave an upward breakout to the consolidation on 7th May 2021 and closed at Rs.180.90 with a massive volume support. This price behaviour has formed the price pattern known as Up-Flag on daily chart of this counter. I anticipate the...

ShriramN

Glenmark Pharma was in a consolidation since 20th April 2021. The consolidation was preceded by a rally. The price gave an upward breakout to the resistance line on 7th May 2021 and closed at Rs.591.50. This breakout was supported by massive volume. This formed the price pattern known as Up-Flag on daily chart of this counter. I anticipate the Price Target of...

ShriramN

Intellect Design Arena Ltd. is in an uptrend. The counter was in a consolidation since 1st April 2021. This consolidation was preceded by a rally. The price gave an upward breakout on 6th May 2021 and closed at Rs. 794.15. This breakout has massive volume support. This has formed the price pattern known as Up-Flag. I anticipate the price target of Rs.1,030 and...

ShriramN

Borosil Ltd. was in a downtrend since 31st December 2020. The counter has formed the Inverse Head & Shoulder price pattern with an upward breakout to the neckline and closed at Rs.227.65 on 6th May 2021. The breakout candle has got a massive volume support. I anticipate the price target of Rs.280 and suggest the stop loss at Rs.216 to be followed for the first...

ShriramN

Magma Fincorp Ltd. was in a consolidation since 12th March, 2021. The declining resistance line and rising support line has formed the symmetrical triangle on this chart. The price gave an upward breakout on 4th May, 2021 and closed at Rs. 122.55. I anticipate the price target of Rs.160 and suggest the stop loss at Rs. 118 to be followed for the first four daily...

ShriramN

Adani Enterprises Ltd. was in a consolidation since 7th April 2021. The price gave the upward breakout to the resistance line on 3rd May and closed at Rs.1,255,55. I anticipate the Price Target of Rs.1410 and suggest the Stop Loss at Rs. 1198 to be followed for the first four daily candles starting from 4th May 2021. Thereafter, the profit booking/ exit decision...

ShriramN

ATGL was in a consolidation since 6th April 2021. The consolidation was preceded by an up-rally. The price gave the upward breakout to the consolidation on 3rd May 2021 and closed at Rs. 1237.20 with a volume support. I anticipate the price target of Rs.1,700 and suggest the stop loss at Rs.1,184 to be followed for the first daily candles starting from 4th May...

ShriramN

Carborundum Universal, after experiencing a long rally went into the consolidation for 2.5 months since 15th February. The consolidation preceded by a rally formed an Up-Flag on the weekly chart of the counter. The price gave the decisive upward breakout on a weekly candle closing on 30th April 2021 and closed at Rs. 548 with a good volume support. I anticipate...