Currently the price is in a narrow price range. Good buy range between 608 and 623. Follow strict stop loss of 5-8%, depending on your risk management. Can also see formation of ascending triangle pattern and breakout above 608. Targets of 675, 743 and 801 are placed at key support and resistance zone. Bullish above 801 and can see probable target of 1260 in...
After 12 weeks of consolidation, the stock price is hovering at 277, which is near the breakout zone of 284. The price might swing between 284 and 260, before it makes a breakout above 284. Upon breakout above 284, we can see levels of 330 and 345. Always keep a strict stop loss based on your risk appetite. Note: Not a buy/sell recommendation
Observe the price action within this range, between 108 - 120. Can be good accumulation zone. Initial target of 144, however, do always set stop loss and manage your risk. Note: not a buy/sell recommendation.
The stock price is setting up nicely in this price zone. Should give an upward momentum once it closes above 204. Short term target of 218 and 231. Always keep a stop loss as per your risk management. Note: Not a buy/sell recommendation, please consult your financial advisor.
Buying zone: 590 - 615, with initial target of 658 which is also the short term resistance zone. A move above 658 will take the price to 720. Support at 590 and 556. Exit trade if price falls below 556. Note: Personal analysis, not a buy or sell recommendation.
NIIT is setting up nicely here for a move. Keep it under watch and monitor its price action. Note: Not a buy/sell recommendation.
Today, after almost 5 months of consolidation, the stock price of BEL gave a breakout above 228. Buy zone between 228 and 240, with retracement support at 227. Stop loss alert if price breaks below 217. Probable target: 277. RS is outperforming the benchmark, hence strong stock. Note: Always define your stop-loss | Not a buy/sell recommendation, but personal analysis
Aggressive traders can initiate positions between 500-524. Ideal is to wait for price to breach the level of 532. The price may find immediate support at 495 if it fails to sustain upward momentum. Price range between 456 and 436 acts as strong support zone. The price is above the key moving averages of 50, 100 and 200. During the fall the price found support...
Breakout above 267 after a 25 week consolidation. If the momentum continues, expect target of 326 in the medium term. Always define a stop loss. Check my previous view on Tata Power here:
Tata Power is trying to move away from its 16 weeks of price consolidation. There's a visible formation of a cup and handle chart pattern. Can see a probable bullish price movement above the all time high level of 267. Strong RSI and MACD lend support to bullish bias. However, always keep a strict stop loss of 5-8%. Note: Analysis only, Not a buy or sell...
After 18 weeks of consolidation, Centuryply's price broke out and is currently in an ideal buying zone in the range between 719 and 749. Probable initial target of 855 with support at 661. Keep a strict stop loss at 5-8% or as per your risk management. Note: Not a buy and sell recommendation, but a personal analysis.
Breaking above 135, the price closed on 143.20. Initial target is 166, which the stock last reached in the week ending 7 June 2021. Price movement above 166 could go till 175-180. Weekly chart shows positive price action. Good support zone at around 121, if the price fails to sustain and breaks below 135. Volume looks strong. Relative strength is positive...
Breakout above Darvas box zone at 310. Current price at 320.15. Please read my previous analysis of Delta Corp here: Strong support at levels of 310 and 300. Targets of 350, 386, 400. Note: Trade wisely with strict stop-loss of 5-8% and risk capacity
ITC has displayed strength during the past few weeks. The chart shows that there has been good accumulation of this stock from around 206 levels, and it has found good support levels at around 217 and 230. Today, it breached the levels of 246 on its way up and closed at 249.75. The candles denote good buying and the price is above all major moving averages of...
Wait for breakout above Darvas box zone at 310. Critical is when it crosses 300 with strength. Support is at 240. Targets of 350, 376, 386, 400.
Short term target of 662. The stock can consolidate in the near term. However, upward movement above 662, supported by volume, RS and price movement staying above the 21 EMA will help stock stay strong. Always keep a stop loss of 5-8%.
INDIABULLS HOUSING is on a consolidation phase on weekly chart. Trigger could be the crossing of 50 day EMA at around 234. Target of 280, which is also acting as a resistance zone. Beyond which 312 should be achieved in the medium term. Current consolidation range is between 280 and 200. Below 200 the stock could slide to 180 - 160 levels. Would wait for the...
Subex looks set for breakout after 18 weeks of consolidation. Crossing the levels of 57-59 is important. Can go up to 62, 66 and 74. Always keep a strict stop loss of 5%-8% depending on one's risk profile if the trade fails