It may touch $70.$$ soon as breaking triangle pattern
Nasdaq composite Index consolidating in flag pattern and may test level of 13600- 13800 soon.
After 22 months consolidation Granules India gave flag pattern breakout on monthly time frame. Target 1= 430, Target 2= 530.
ITC Ltd. have been holding support zone of 440 since last 1.5 month and today gave solid green candle of 1.5%. It may break resistance of 455 and move towards 490 shortly.
Eicher motor may break channel and touch 3660. Keep watch for swing trade.
Siemens India consolidating in ascending triangle, trading near support zone. 2 possible scenarios, 1. It may bounce back to resistance 4000 2. Or may break trendline and touches next support of 3400.
This year India may face drought due to monsoon deficit. Considering this potential situation, high probability of heat waves hence soaring temperatures across Indian cities. Hence AC manufacturers demand raise. Voltas is biggest AC manufacturer and best stock to buy in such situations.
Strides Pharma looking bullish. Strides Pharma consolidating since last 8 years. And probably it may break pole and flag pattern on monthly chart (3rd attempt to to break descending Triangle).
Tata Steel has given a pole and flag pattern breakout, which is a bullish continuation pattern that indicates a strong uptrend. This implies a potential upside of 50% to 55%.
Good opportunity for swing trade in JM FIN. JM FIN LOOKING BULLISH AS GIVEN DESCENDING TRIANGLE BREAKOUT WITH INCREASED VOLUME. TARGET1= 120 TARGET2= 170.
On monthly time frame, Granules India Ltd. chart consolidating since last 21 months, pole and flag pattern. Stock may break descending channel as two times earlier it failed to break. Target 1= 430, Target 2= 530, SL= 285.
Keep watch on LTIM as 5400 level broken with good volume. Target 1= 6400 Target 2= 7600
NMDC showing signs of reversal towards all time high 400. Keep watch on NMDC for longest consolidation of 11 years. It may break this channel and start journey towards 400
ITC may break descending channel tomorrow to start reversal. GIFT Nifty 50 Future showing positive signs for Indian market.
Consolidating since last 2 weeks, above 580 good opportunity for swing trade. Target 620.
Descending Triangle/ Trendline breakout on TCS 4H chart. Could touch 3550 soon and further. Good opportunity for swing/ intraday trade.
Spurt in volume+ breakout, Keep watch on Sterlite Tech.