Tradetechindia

Tradetechindia

Vedanta Limited has given a good weekly closing above its year 2010 resistance level after a good consolidation . Usually Such Multi year Breakouts are good for positional trading Potential upside targets according to Fibo are Target 1- 640 to 650 Target 2 ~800 As this is a multiyear breakout so it will may take months to reach those levels So be patient...

Tradetechindia

Samvrdhna Mthrsn Intl Ltd Gave a good breakout of bullish pennant chart pattern and is now testing its all time high A Good Daily Closing above 210 levels can bring further upside momentum in the stock with possible targets ~232 ~262 and ~296 Intial SL will be prev swing low i.e 199.4 Do Wait For Daily Candle Close

Tradetechindia

Bajaj Finserv has been consolidating since 2021 and had formed a bullish pennant pattern , which it has already given breakout of , If The stock gives strong weekly closing above all time high levels with good volumes it can bring further momentum in stock Do lookout for weekly closing above 1933 levels for possible target of ~ 2800 on positional basis