Maharashtra Seamless Ltd stock shows cup and handle pattern in daily chart. First target is 320 which is the depth of the cup that has formed in cup and handle pattern. I would not suggest to buy at such higher levels today. Wait for the retesting level or can buy in dips. When it crosses 320 later, the previous support will be the resistance which will be...
Hindalco Industries weekly chart shows ascending triangle pattern is ready for breakout. High volume is seen since last 4 weeks. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction. Can buy in dips with a long term target of 363. Weekly chart time frame for charts...
TVS Motors daily as well as weekly chart shows ascending triangle pattern. Ascending triangle is about to breakout which will ensure further up move. High volume can also be seen in the chart. So high volume with breakout will show further up move. Can buy at cmp(499) with a stop loss of 465 or can buy when the daily closing is above 520 for further up move. It...
I had prepared Westlife Development chart on 26-11-2020 that is yesterday. Its price was 419.25. There was clear breakout from the trend that was seen in the chart. Today the closing price of Westlife Development is 435.55 Can buy this in dips. Can see possible up move gradually as there is breakout. Technical target is ~497. Can go long with trailing stop loss....
The KEI Industries chart is following W pattern. I had prepared KEI International chart on 18-11-2020.At that time, price was 365 and today it is 424 which is ~16% rise in just few days. (I am unable to attach png file of 18-11-2020 chart of KEI Internatioanl here. Do let me know in comments if there is any way for that. I used to save all the charts in png format...
The daily chart of KEC International shows ascending triangle pattern. Once the daily closing is above 365, can see upside movement from there. Can buy at cmp with a stop loss of 334 or can accumulate in dips. Technical target is 565. Happy investing :) Note: I am just a beginner. So kindly invest based on your research and analysis. This chart is just for...
Kolte Patil Developers shows up trend. The daily chart shows breakout in cup and handle pattern formation. Ascending triangle pattern is also clearly visible which denotes further up move. Target 1 is 226 according to the depth of the cup of cup and handle pattern. Target 2 us 273 which is the target based on ascending triangle. Can go long with a stop loss of 178...
The trend line in EIDPARRY shows up trend. The daily chart shows Ascending triangle pattern. Can buy at cmp or on daily closing above 330 for up move. Can go long with a stop loss of 300. Long term echnical target for EIDPARRY is 540. Happy investing :)
Eveready Industries shows cup and handle pattern clearly in daily chart. Can go long for up move from here with a stop loss of 150. High volume can also be seen. According to technical analysis, long term targets can be seen around 275. Happy investing :)
HDFC Life Insurance shows inverted head and shoulder pattern. Can go long for further up move. Buying range can be between 630 to 650 or even at cmp. Can see up move from here. Stay invested :)