Out of the cloud with a strong breakout on price and volumes. F&O data shows short covering. Nice RSI and trading above Moving averages. Target 475 and 505 in medium term.
Cummins is attempting a multi year breakout after a long consolidation with one failed scenario earlier. RSI and volumes are in sync. If sustains this time, might take out its all time high. targets 1105 and above
Attempted breakout at 585 levels and now retest. A open above the last high will confirm the trend and targets are FIB levels.
Attempting breakout at 4000 levels for a target of 4600 in medium term.
Federal Bank has a strong support at 78 and since April 21, when there was breakout above the FIB 78.6% level of 76, it hasn't ever retested it. However, the stock being in a short range of 10 bucks, will have to play by the day and on shorter timeframes. Volumes are generally high in this counter and provides ample trading opportunities. I personally will go by...
Axis bank has tried multiple times to break its high and retraced. Will be range bound until volumes pick up and Daily RSI goes above 55 levels. Wait and watch strategy to attempt any trade. An Iron Condor Optons strategy if at all to trade can be used.
Good consolidation, spikes and pullback but taking constant support on the up slope. Targets 182, 210, 234 SL 154
A breakout of the downward channel with volumes will push this stock up to levels of 75 and above. Its a very sluggish stock compared to some of its peers.
After a long consolidation and breakout and trading in the range for many days, not able to sustain the highs. Broken the 50 DMA and support likely at 200 DMA. till then, its a sell on rise.
ICICI BANK is at the crucial zone of support and once it crosses 711 on closing basis on daily, it will give a fresh up move towards 730, 750. Results coming up in a couple of weeks will hopefully provide more momentum.
The stock has been trending on the upside all along and is well above all moving averages. Needs to break the trend line at the top and move to the next phase of consolidation. Possible selling at the top before the next upmove.
Stock is moving in the channel and this is right now in pullback model towards its previous breakout at the mid point of the channel. A likely bounce possible at this level and we could see the movement up more decisively this time. Targets on upside is 2800, 3000. SL 2500
Stock has made a low of 545 and had reversed its short term direction. Good zone to buy now for targets of 700 and above. SL 530
After hitting a lifetime high, it hasn't attempted again and this suggest there is a lot of selling pressure at the top. 3 weeks of downward movement and all indicators have turned bearish. Will short at the current levels for a medium term target of 650. View will be negated if weekly candle opens in green.
Finding good support at 280 levels, the stock is bouncing back and attempting a breakout of a downward channel. RSi is developing well and with some tail winds, should go higher. Targets 315, 330.