VijayBabuA

VijayBabuA

looks interesting on weekly scale, above 110 can bring momentum in it.

VijayBabuA

it has given flag breakout on daily chart and taken support at 20D moving average. and trying to break weekly channel. volume seems to be relatively higher. if it sustains above 400, then it is going to be a good breakout

VijayBabuA

Hindustan Foods is ready for breakout on weekly chart. it is coming out of rectangle consolidation of 1.5 years with good volume on rise weeks. 33% potential upside possible, post breakout.

VijayBabuA

chart pattern suggest, ready for long term trendline breakout. a breakout at trendline will bring in potential upside of 70-90% upside. 250 level is going to be crucial level, on weekly chart price consolidated between 220 to 240 for 6 weeks. potential breakout will bring good returns in short term. keep it on radar.

VijayBabuA

It has taken support at 150 levels, and it has formed hammer on weekly chart. risk reward favorable here. we can see rally towards 20WMA. weekly RSI is in oversold zone.

VijayBabuA

it has given breakout on weekly chart with good volume. on daily chart we can see high volume rise on continuous sessions. as per pattern price can reach upto 66 levels.

VijayBabuA

At least 100 point rally expected in this counter. At least it can go upto 1180 levels. which is also near neckline of H&S break down. until it breaks 1300 level with substantial volume. it is considered as pull back.

VijayBabuA

It has crossed 20DMA. however it is still trading below 20WMA. which is placed at 405. so a rally towards it can be expected. still making lower low and lower high on weekly chart.

VijayBabuA

it has formed double top on weekly chart & Monthly chart as well. and hovering around support trendline and 20M MA. any breakdown in the trendline gives further downside.

VijayBabuA

It has broken support recently and retraced to resistance, then eventually got rejected. last chance to exit longs. seems like consolidation above 1000 was distribution.

VijayBabuA

it has formed double top on monthly chart, and currently at support level. if 20M MA is broken down, double top pattern activates. let us how it plays.

VijayBabuA

it is nicely consolidating between upper & lower trendlines. for the last 1 year, it has been consolidating within 25% from peak. respecting upper and lower trendlines well. just took the support at lower trendline and bounced from there. breakout expected soon. triangle look a like pattern, but not exactly.

VijayBabuA

it shows positive divergence on daily chart. some pull back expected, 7-8% from here on. resistance trendline still intact.

VijayBabuA

it is breaking inverted flag downside. keeping watching.

VijayBabuA

looks nice R:R setup. we can go long towards moving average for 15% upside.

VijayBabuA

Weekly support trendline is placed at 85 levels. Double target is 90 levels. oversold on weekly chart. we can expect a short term rally on towards 20WMA.

VijayBabuA

next support seems to be available at 3500. however it can trade in the range of 3500 - 4500 for some time. one can enter at 3500, for shorter gains.

VijayBabuA

it has formed H&S on daily chart. 1000-1100 zone going to be crucial to decide consolidation/rally/fall. any rejections at 20DMA may bring to 1000 levels again. this script has to be in watch mode.