TheUnlearningOne

TheUnlearningOne

After a year long consolidation and correction, the stock is gradually setting up to reclaim the life time high. Currently, the stock is emerging ou of a channel. Weekly close above 360 will create positive momentum. Good support zone at 320 and 300 levels, below which 260, 230 and 230 are important levels. Always trade with a strict stop loss of 5-8% and...

TheUnlearningOne

As it broke out of the 45 week consolidation zone, the stock price has formed another base from which it is gearing to break out. A weekly close above 153 can create positive momentum for a potential positional trade. The price has good support between 143-130. In case of downside, the stock can find support at 120, and further down at 110-105 levels. Note:...

TheUnlearningOne

Nearing the price last reached in September 2018, L&T Finance Holdings shows good structure for a potential upmove. In consolidation mode since July, the price has inched up for a possible breakout. However, in case of breakout failure, can save the trade with a 5-8% stop loss. Not a buy sell recommendation. Do consult your registered financial advisor.

TheUnlearningOne

On a weekly chart, the stock emerging out of the base could be an ideal buy zone (65-68). Maintain a strict stop loss between 5-8% incase the trade goes wrong. PS: Not a buy/sell recommendation. Do consult your financial advisor.

TheUnlearningOne

I find Ashok Leyland at an interesting juncture on a monthly chart. Long view above 180 with a very good upward potential. The stock broke the 5 year high of 167.5. Good long term view, however for any trade please maintain a stop loss as per your comfort and a strict risk-managment system. Note: Not a buy/sell recommendation. Do consult your financial advisor.

TheUnlearningOne

Canara Bank looks good with a strong bullish candle formation on the weekly chart. Positive momentum above 342, with strong support zone between 300-290 on the downside - below which 270 could be an important level. Note: Not a buy/sell recommendation.

TheUnlearningOne Updated 

The price is at an interesting stage, within 10% of its 5 year high of 206.6. Breakout above this could see positive momentum. However, as always, keep a stop loss of 5-8% if the trade goes wrong.

TheUnlearningOne Updated 

Cummins India stands on the cusp of a multi-year breakout on a monthly chart. The price is near its lifetime high of 1247 achieved in August 2015. We might witness price consolidation in the range between 1000-1200 before it makes a dash to the upper side. As always, do place a stop loss before initiating a trade. Note: Personal analysis, not a buy/sell...

TheUnlearningOne Updated 

Last week the price moved up from a brief consolidation. Watch for price action between 92 and 95. Above 95, can see price go up to 101. And if the momentum continues, 113 is achievable in good time. 80, 72 and 66 can act as good support zones. Note: Always define stop loss in your trade, usually 5-8%.

TheUnlearningOne Updated 

Price in consolidation zone near the resistance level of 747. Breakout above this level, with good volume will create a momentum for a substantial upside. 680 can act as immediate support zone. PS: Not a buy/sell recommendation.

TheUnlearningOne

A defence sector play, GRSE looks poised for an upward momentum after 26 weeks of consolidation. Sustained momentum above its breakout level of 564 will be positive. Good support zones around 510, 450 and 400 levels. However, as always, keep a stop loss of 5-8% if the trade goes wrong.

TheUnlearningOne Updated 

Suzlon is at the cusp of a 5 year high. On a monthly chart, a long term outlook is advisable, with an initial upward targets of 15 and 17.45 and further if strength and momentum is sustained. However, would be careful if price falls below 9.30. Has the potential to be a big winner. However risk management is key with a strict stop loss. PS: Not a buy/sell...

TheUnlearningOne Updated 

Can look at Zomato if it closes above 57 with a strong price action for a short/medium term perspective. Good support zone at around level of 50. However, need to be cautious below this price. Can see upward price gains to 65-70 if it gathers momentum. Further action basis price action. Strong resistance between 75 - 88. Note: Personal analysis, not a buy/sell...

TheUnlearningOne

The fall on Friday (5 May 2023) was a news driven event. Need to see the price action and how it shapes up during the week going forward. Might see price consolidation between 1625 and 1725. Breakout and close above 1725 would be create an upward momentum. Support around 1560 - 1500. Bullish over long term. However, always keep a strict stop loss between...

TheUnlearningOne

As the price tries to emerge out of the 25 week channel range consolidation with good weekly volume, can expect price to show strength and momentum in the near term. Initial target of 318. Further targets as per price action. However, the stock has good support at 226-215, below which one needs to be cautious. Always keep a stop loss of 5-8%. Note: Not a buy...

TheUnlearningOne

Tejas Networks Ltd. looks good for a short/medium term trade basis price action. Good support along the trendline and weekly closing above the 40MA. Price might see some tightness in the range between 640-679. Wait for price to close above 679. However, can see good momentum above 680 with initial target of 716. Based on further price action will need to...

TheUnlearningOne Updated 

Double bottom chart pattern formation visible, with level of 720 acting as important support zone. Might see price consolidation zone between 907 and 1008, with momentum gaining ground once the level of 1010 is crossed. Currently, the structure looks good, with the price also above the 40 weekly moving average. However, always keep a stop loss of 5-8%. Note:...

TheUnlearningOne Updated 

With a support zone at 518, can expect an upmove if the price overcomes 560 and 585 levels. Resistance of 585 needs to be breached. Follow strict stop loss always.