TradeFactoryIN

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Nifty is currently forming a falling wedge pattern, with key support at 22,600 . If this level holds and a bounce occurs, a breakout on the upside is likely, with 23,300 acting as a major resistance. The crucial levels to watch are 22,600 on the downside and 23,300 on the upside . A breakdown below 22,600 with high volumes could trigger further selling,...

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Bullish on Heritage Foods Stock is poised for a breakout Stoploss 520, Expect a move above previous high of 700-900-1000 CMP 596

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Eveready has consolidated in a parallel channel for a long time. A breakout above the parallel channel will take the stock to higher levels of 600-700-800 Eveready Stoploss : 370 CMP 440 Expect a move to 600-700-800

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Pennant formed in SMLISUZU Breakout above 2300 CMP 2225 Expect a move till 3000-3300

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Tata Power is consolidating in a narrow channel from last 18 months and break above 250 levels could trigger a sharp rally towards 450 levels in a matter of 1 year from breakout date.

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HDFC Bank(CMP 1696) is trading in a narrow range from 3 years. Above 1750 confirmation of a breakout. Bullish with target of 2300-2500 and Stoploss 1550

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Bullish on KECL. Retracement to 50% Fibonacci levels and a bounce. CMP 202 Stop loss 185 Expect 270-300 levels

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Pondy Oxide after a rally has corrected to 0.61 retracement levels and and a bounce from the support levels. Above 850 levels confirmation of breakout. CMP 760 Target : 1050-1100 Stoploss: 660

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Breakout in Ashok Leyland. Double top formed and a break with volume seen. Buy @CMP : 192.30 Stoploss : 175 Target : 250

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Tirumalai Chemicals has give a breakout with volumes Buy @CMP 285 Stoploss : 250 Target: 350-400

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Double top Breakout in SAIL Buy @CMP 147.5 Stoploss : 120 Target : 220 -240

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Tata steel has formed a Pennant and break of the resistance. CMP : 153 Stoploss : 130 Target: 220-250 Time frame : 9 months(By year end)

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Granules has formed a double top pattern and has given a breakout. Buy with a target of 700 Stoploss: 400

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Double top break on a long term chart. Expect good upside in near term and decent returns in the long run. Buy Texmopipes @102 Stoploss : 80 Target : 150-180-200

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Tata Invest is forming a double top with a formation of flag. A break above 2750 with strong volumes would confirm the breakout. Expect 3800 levels in next 6months if sustains above 2750.

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Decisive break of double top. Bullish on SAIL CMP 143.80 SL 120 Target 200-220+

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Bullish on SASKEN TECH, stock has formed a Cup & Handle formation and a double top at 1400 a break above current levels would open higher levels. CMP :1400 STOPLOSS: 1100 TARGET : 2000 TIME FRAME : 6months

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XCHANGING has given a breakout above 110 Target: 150-180 Stoploss: 94 Time Frame : 6months