We know our market is overheated and our market can correct a bit anytime. Going ahead, Nifty IT, FMCG, Infra had rallied well. I'm not expecting a major move in these stocks and they are likely to be rangebound. Nifty metal - looks weak. Nifty pharma, media, PSU banks - need to breakout. Sectors to focus on- REALTY ( broken out and more rally to come) AUTO...
A resistance trendline breakout and a retracement... We can expect the share price to move up. Stop-loss can be placed below the trendline.
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Trendline breakout... Expect a rally soon. Target 4000 plus.
A very good price to buy sun tv. Short-term target 515 and long-term target 600. Stoploss at 475 with 1: 10 risk-reward. Looks like the script is bottoming out. PS: Tickertape shows all 5 parameters in green for suntv...
This stock has been consolidating for the past two months in the form of a triangle. Watch for a breakout from the resistance trendline. Expect targets of 155, 166, and 185 in the coming days.
All tyre manufacturer stocks are breaking out of resistance trendlines. MRF, Balkrishna and Apollo tyres had already broken out. CEAT and JK tyres look good to breakout soon. Along with Auto stocks, we can expect a good rally in these tyre stocks. Buy now and add on dips for good returns in the next two months.
Sectors/Stocks to watch out for trading in the next two months- Realty, media, Auto, tyres and cement companies. DLF target - 420 over 8 weeks.
The script shows a triangle breakout with a long green candle closing strongly above the trendline. Huge volumes are being traded. A good stock for long-term as well as a short-term trade. Expect a good move in the next two months.
PVR chart shows a clear breakout and the rally has begun. Add on dips for good short-term returns.
Triangle breakout... Can go long for targets 1480 and 1505.
Hindustan petrol in the daily chart had broken out of a triangle pattern, had given retracement, and is on a rally. Oil stocks look good even in the near short term. All the best!
The 2hour chart of the nifty energy sector is shown here. We can the script had just crossed the previous high level. By parallel channel pattern, we can see another 1500 points rally in this sector before facing the stiff resistance line. The energy sector stocks and their weightage are given below. Reliance Industries Ltd. 31.30 % Weightage NTPC Ltd. 13.29 %...
A good triangle breakout in this small-cap stock. Targets are 380 and then 415.
Sun tv is a fundamentally good script for long term investment. It offers good dividend for its investors. The stock is at the best price now for investing. It is at the support trendline. The price is much lower than intrinsic value. Start accumulating, add more on dips and forget for the next one year!
GAIL in a 2-hour time frame shows a triangle pattern with support at 141 to 142 levels. The sector has been performing well but GAIL is yet to make a decent move. I'm hopeful of a breakout soon. If the script falls to 141 to 142 levels can accumulate more with one rupee stoploss. Should be a good bet...
Following the successful trade in Navin fluorine, I'm going all-in for Alkyl amines. A beautiful symmetrical triangle is being formed in the chart of Alkyl amines. The script is trading near its support trendline. Watch for upwards breakout. I'm entering now and will add on dips. Stop-loss 4000. Targets 4700 and 5200... For risk-averse traders entry above 4300...
The resistance trendline is broken and the script has given a rally. I'm expecting a target of 6450 (approx 6.5%) in the next one to two weeks.