ShriramN

ShriramN

Ester Industries Ltd. was in a prolonged consolidation of almost 6 months. This consolidation was preceded by an up-rally. This price behaviour has formed the price pattern called Up-Flag on the weekly chart of this counter. The price gave the upward breakout on weekly chart for the week started on 26th April and ended on 30th April 2021. This weekly breakout...

ShriramN

GNFC Ltd. was in a consolidation since 2nd March 2021. The consolidation was preceded by an up rally. This has formed a price pattern UP-FLAG on a daily chart on this counter. The price gave an upward breakout on a daily chart on 27th April 2021 and closed at Rs. 349.50. I anticipate the price target of Rs. 446 and suggest the stop loss at Rs. 328 to be followed...

ShriramN

CDSL was in a consolidation since 8th April 2021. The consolidation was preceded by an up rally. This formed a price pattern UP-FLAG on a daily chart of this counter. The price gave an upward breakout on a daily chart on 27th April 2021 and closed at Rs. 780.75. I anticipate the price target of Rs. 896 and suggest the stop loss at Rs. 759 to be followed for the...

ShriramN

Hindustan Copper Ltd. is in an uptrend since March 2020. The counter experienced the sharp up rally from the level of Rs.54 to Rs.165. Thereafter, the counter went into triangular consolidation since 2nd March 2021. This consolidation formed a symmetrical triangle with declining resistance line and rising support line. The price finally gave an upward breakout...

ShriramN

NMDC was in a consolidation since 9th April 2021. The consolidation was preceded by an up rally. This formed a price pattern UP-FLAG on a daily chart of this counter. The price gave an upward breakout on a daily chart on 27th April 2021 and closed at Rs.146.45. I anticipate the price target of Rs. 163 and suggest the stop loss at Rs. 144 to be followed for the...

ShriramN

Tata Steel was in a consolidation since 8th April 2021. The consolidation was preceded by an up rally. This formed a price pattern UP-FLAG on a daily chart. The price gave upward breakout on a daily chart and closed at Rs.978. I anticipate the price target of Rs.1,125 and suggest the stop loss at Rs.961 to be followed for the four daily candles starting from 28th...

ShriramN

SAIL is in an uptrend. The counter was in a consolidation since 1st April 2021. The price gave upward breakout to the consolidation today on daily chart on 26th April 2021 and closed at Rs.100.50. This breakout is supported by increased volume. I anticipate the price target of Rs.118 and suggest stop loss at Rs.96 for the first four daily candles starting from...

ShriramN

Lincoln Pharma was in a triangular consolidation since September 2020. The triangle formation is a symmetrical triangle with descending resistance line and ascending support line. The price gave upward breakout to the resistance on a daily chart on 22nd April 2021 and closed at Rs.261. I anticipate the price target of Rs. 333 and stop loss at Rs.251 to be followed...

ShriramN

Shilpa Medicare was in a downtrend since August 2020. The counter tested its lowest price on 19th March 2021. Thereafter the counter experienced a pull-back with a small correction. The price gave breakout on a daily chart today on 20th April 2021. This breakout was supported by increase in the volume. This price behaviour has formed the Inverted Head & Shoulders...

ShriramN

Wipro Ltd. is in an uptrend since March 2020. The counter got into a consolidation of 3 months since January 2021. The consolidation has a slightly descending slope making it like a channel. The consolidation got an upward breakout on a weekly candle for the week starting on 12th April and ending on 16th April. This weekly candle closed at Rs.469.20. I anticipate...

ShriramN

Bajaj Consumer Care Ltd. is in an uptrend. The counter was in a consolidation since 4th February 2021 until it gave the upward breakout on daily chart on 13th April 2021. The breakout was marginally above the resistance line. The breakout sustained on the immediately succeeding daily candle on 15th April 2021 with a close of Rs. 294 with a good volume support. I...

ShriramN

Weekly chart of Daawat was in a prolonged consolidation of 8 months. This consolidation was preceded by a rally. The consolidation on the weekly chart got a prominent breakout today on 9th April 2021 and closed at Rs.68.25 with massive volume support. I anticipate the price target of Rs.100 in a period of about 4 months. Here I suggest the stop loss at Rs.63 to be...

ShriramN Updated 

Graphite has formed the rectangular up-flag. The chart was in a 3 weeks long consolidation. This consolidation was preceded by a rally of Rs.210. The price gave the breakout to the consolidation on 10th March 2021. I see the consolidation breakout preceded by a rally as a price pattern - Up-Flag. I estimate the price target at Rs.672. Stop Loss should be set at Rs.491.

ShriramN

Balrampur Chini Mills Ltd. is in an uptrend since July 2018. The counter has seen today (8th April 2021) the price pattern known as an Up-Flag. Please observe that the counter was in a consolidation for last one month. The consolidation formed the cloth of the flag. This consolidation was preceded by a rally forming pole of the flag. The consolidation got an...

ShriramN

Filatex Ltd. was in a consolidation of exact 3 months from 7th January 2021. The price gave a breakout today on 7th April 2021 to this consolidation with good volume support. The consolidation was preceded by a rally. I anticipate the Price Target of Rs.114 and suggest the Stop Loss at Rs. 71 for the first 5 daily candles starting from 8th April 2021. Thereafter,...

ShriramN Updated 

M&M Finance was in a prolonged consolidation of little more than a month. The consolidation had descending resistance line and the slightly descending support line. The daily chart on 19th March 2021 give the upward breakout with an increased volume support. The closing price on the breakout was Rs. 215.10. I estimate the price target of Rs.273 and suggest the...

ShriramN

Alembic Ltd. was in a consolidation preceded by the rally. The counter experienced the consolidation for 6 months. It can be easily seen that the consolidation has descending resistance line and ascending support line forming the price pattern called Symmetrical Triangle, During the pattern formation, the support line was tested twice and the resistance line was...

ShriramN

Welspun India was in a downtrend for more than 3.5 years from June 2016. The counter tested its bottom in March 2020 and reversed. After rallying up till the month of October 2020 the counter went into a consolidation of more than 4 months. This prolonged consolidation was broken upward on a weekly chart on 12th March 2021 with a wonderful volume support. The...