BANDHANBANK has given neck line breakout for inverted H&S pattern at 330 Neck line with a potential to reach 407 Currently it is forming Rounding bottom, in the long run it is looking to make around 560 levels which is almost 50% from current levels. There is a trending resistance line which is going to meet at end of the rounding bottom, so big breakout...
SARDA Energy formed a rounding bottom on daily frames, and realized breakout lately, however still 10% upside is intact. more over we can see Eliotte WAVE on WEEKLY scale, currently it is in 3rd wave (Impulsive), it can quickly reach 370-380 levels. end of 5th wave could be seen at 480-510 levels.
It has formed a pole flag pattern on hourly chart, breakout on upside can take this upto 850 where in 800 level could be a hurdle.
ERIS looking for a triangle breakout and also trading at weekly resistance RSI is above 50 on both daily and weekly scale, indicating bullishness intact. Higher Lows formed and same high maintained on weekly scale from March-2020. Narrow Central CPR is observed, indicating trend ahead. RSI reversed repeatedly at 60 levels, This time hopefully it can break it and...
LAURUSLABS looks like in 3rd wave of ABCDE WAVE, current wave could be stretched wave as there is breakout on last candle with volume, it could reach new all time high after a pull back at 52W High. it has also forming a rounding bottom.
IOLCP has formed a rounding bottom on daily chart and could face a resistance at currently breaking 780-790 levels upside can take this stock to 52W High. it may form cup and handle pattern wait for price action.
DHANUKA has given breakout on 1h time frame, however it is trading at resistance trendline on daily time frame. watch this stock for breakout, 700 on lower side and 760 on upside, in future date upside price may change as it is descending triangle. if it breaks down 640 is a good price to enter, which is a 200DMA.
on 15min time frame it has given a Descending triangle breakout upside, however 330-332 looks hurdle, once it crosses, it can go upto 345 level which is recent swing high.
if SOLARA closes above 1250 on weekly scale it can go upto 1850 down the line. wait for the price action at 1250 levels.
it is time to enter, after recent rally stock has fallen almost 10% from the peak and which is also retraced to 61.8% level. wait for trendline breakout on lower time frame.
BATAINDIA has given a consolidation breakout on daily timeframe, enter on retracement at 1450 level, 1600 looks easy on the cards.
after 3 months of consolidation, M&M has given breakout on upside,it's better to enter aroung 650-660 levels for a target of 720 on daily time frame.
JAMNAAUTO which made a high of 52 recently, is now facing restance at 50 levels, once breaks 50 level, it can go cross previously high. and it is making higher high's on daily time frame and continuously trading at higher levels. once it breaks this 50 level it can go upto 60 soon.
TITAN is trading higher end of the upward channel on daily time frame, support is placed at 1250-1270 level, however strong resistance placed at 1340 and all time high also placed 1388, which is now trading 10% below all time high. As gold prices are falling, we can see a increase in jewellery sales,
SBICARD started making lower high's on daily scale, closing below 800 level will bring more weakness to this stock, next support placed at 720 level as per weekly chart. RSI was tried to reclaim 60 on weekly scale however it faced resistance at 60 and started sloping down. during result week it fell from 900 to 760, last week gains of 8% were evaporated by this...
This stock is making lower highs with same low level on daily chart by forming a Descending triangle, breaking 2000 level will open the downside upto 1800 level. as this Sep-2020 quarter results were weak. it could likely break downside.
Closing below 690-700 on daily basis will pull the stock to 200DMA, which is placed 625. 625-650 act as a potential buy zone.
support level is placed at 250 on hourly chart, buying seen from 255 levels, if it closes above 275 on 15min candle, we can go for buy for an upside upto 300 level.