TheUnlearningOne

TheUnlearningOne

Amidst the broader market volatility, HDFC Bank among the large cap has formed a flat base consolidation with price nearing breakout zone on a weekly timeframe. Ideal to keep a close watch on this stock. The stock price is trading above the 30 weekly moving average. An up-move could be seen if it breaks out above 1800. Stop loss at 5-8% is ideal. Target:...

TheUnlearningOne

Given the recent volatility in the Indian market, the IT sector is among those sectors that looks strong and is holding. Among the stocks to watch is Wipro. On a weekly timeframe, the stock is currently above the 30 weekly moving average which is a positive sign. It has also formed a Cup & Handle base with the price trading near the pivot area. One can keep an...

TheUnlearningOne

On weekly chart, Netweb Technologies is nearing its breakout zone. A cup pattern followed by a base consolidation with higher lows makes it an ideal stock to keep in your watchlist. Buy zone: 2925-3050 Stop loss: 5-8% basis one's risk management. Initial target: 3500-3600 Note: Not a buy/sell recommendation. Please consult your financial advisor.

TheUnlearningOne

As it breaks out from the base consolidation, the key level would be close above 56. This could see further momentum on the up side. However, always keep a strict stop loss as per your risk if trade doesn't go as plan. Note: Not a buy/sell recommendation. Please consult your registered advisor.

TheUnlearningOne

On a weekly chart, the stock price movement above 1630 can see it go to 1800 levels on a shorter time frame. Post which, it will try to wriggle out of the 2 year consolidation zone with a move above 1930. Will wait and watch. Note: Not a buy/sell recommendation. Consult your financial advisor.

TheUnlearningOne

The chart setup looks good, but will wait for the price to close above 3000 on weekly chart for an upleg with an initial target of 20-25%. Strict stop loss at 5-8%. Note: Not a buy/sell recommendation. Consult your financial advisor.

TheUnlearningOne

With a visible Bullish Flag pattern breakout, the stock appears strong, and is geared for an upleg journey towards the initial target of 740. Follow strict stop loss of 5-8% in case of trade going wrong. Also, be cautious below 404 as it may signal a downtrend. Note: Not a buy/sell recommendation. Consult your financial advisor.

TheUnlearningOne

The stock took support at the 40 weekly moving average and is hovering near the buy zone. Positive momentum expected above the levels of 925 for an initial target of 1100. Will review once the target is achieved. Strict stop loss at 5-8%. Note: Not a buy/sell recommendation. Consult your financial advisor.

TheUnlearningOne

For those who have read Stan Weinstein's book "Secrets For Profiting in Bull and Bear Markets" will relate to the structure forming here and the stage in which the stock is currently in. The stock price is hovering above the 40 Weekly Moving Average (WMA), is in an uptrend and has formed positive base formations. Post this week's bullish candle formation the...

TheUnlearningOne

Tata steel ltd. looks set for an up-move as it emerges out of multiple bases. Close above 140 would create a positive momentum. Strict stop loss at 5-8% in case the trade doesn't go as plan. PS: Not a buy/sell recommendation.

TheUnlearningOne Updated 

LIC's chart shows a symmetrical triangle breakout with good volume. Ideal entry on close above 692 looks good on weekly charts. If it gains momentum and strength, can see it achieve targets of 755 and 850 in short to medium term. And thereafter, its IPO price. Would be cautious if it falls below 599. Manage strict stop loss of 5-8% in your trades. Note:...

TheUnlearningOne

From the high of 318, the stock corrected almost 64% and is currently trying emerge from a consolidation. A weekly close above 165 is important for momentum. However, always keep a strict stop loss as per your risk if trade doesn't go as plan. Note: Not a buy/sell recommendation. Please consult your registered advisor.

TheUnlearningOne

The stock is at a new high. Keep it in your radar. A close above this level (680) this week would strengthen an upward momentum. Good support at 625-615 level. However, always keep a strict stop loss as per your risk if trade doesn't go as plan. Note: Not a buy/sell recommendation. Please consult your registered advisor.

TheUnlearningOne

On a daily chart, this looks good above 48. Nearest support level at 45. Will be cautious below 42. Trade with a strict stop loss of 5-8%. Note: Not a buy/sell recommendation.

TheUnlearningOne

As the price nears the two year high, a close above 129 on weekly chart, hopefully, would trigger an upmove. Strong support zone between 112 and 104. Below which it is advisable to be cautious. Always trade with a strict stop loss and risk management. Note: Not a buy/sell recommendation. Do consult your advisor.

TheUnlearningOne

From the week starting 18 April 2022 till the week starting on 10 April 2023, the stock was hovering between the price channel of 1650 and 1354. It took a gap down for the price to slide below that channel. Post the gap down (17th April 2023), the price has subsequently recovered to form a base inside the previous channel zone. Positive above 1520 for a...

TheUnlearningOne Updated 

After a 69% correction, the stock price has recovered to form a cup and handle pattern. Ideal buy zone between 410-425. Initial targets of 500 and 570. Revision, once these levels are achieved. On the downside, 345-300 can act as important levels. Caution below 288. Always keep a strict stop loss of 5-8% and follow proper risk management. Note: Not a buy/sell...

TheUnlearningOne

From the levels of 412 the stock has bounced up creating higher lows. Three white soldiers is a bullish candle formation. A weekly close above 572 can push the price higher. Immediate target of 610 and 650 in the short to medium term. Post which we can see levels of 700. Support levels at 530, 500 and 480. Always trade with a strict stop loss of 5-8%. Note:...