Levels mentioned on the charts. Expected to retest the support or breach it if bearish pressure continues.
Its the midcap season and Graphite India has given a confirmed breakout - go long for decent returns
Details mentioned on the charts - looks good for an upmove from here
Gillette broke its range with huge volumes and is retesting dynamic support now. Volumes and delivery are interesting. Something is cooking at this counter. RR is pretty good to initiate a long trade now!
Tata Steel Daily chart - clear Cup & Handle pattern with neckline breakout with above-average volumes
Looks extremely bullish but volumes still need to live up to delivery percentages which are disappointing. Nevertheless, the trend looks extremely strong and a long position could be taken after the price retests 200ema or support line.
Dollar Industries - setup looks interesting for a short upmove. Above the resistance zone the stock can fire up easily and try to break dynamic resistance.
MGL saw a good fall last week but looks like bad times will continue for this symbol. Short position can be taken with a target of 930 to 890.
Cummins India made a bearish engulfing candle last week at a resistance point. It can be shorted with a decent risk:reward ratio Target around 355-360 with the resistance line
CUB - weekly charts Since the stock was listed, the only time is broke the 200 EMA support was in the crash of 2009, and now. On the weekly charts, it has made a bullish engulfing pattern with supporting volumes. One can buy on dips and hold for a year+
Levels mentioned on the charts. Target = Breakout point + difference between head low and breakout point Fundamentally - stock is best suited to gain from the govt's Aatmanirbhar campaign and the current sentiment of decreasing trade with China.
Nifty is fast approaching the crucial 618 retrenchment levels where Bears will be most active I think bulls will have a free run until then
Levels mentioned on the chart - will it breakout or will it continue the wave with a downtrend?
Workhardt - technically looks like it might breakout beyond levels given in the chart Fundamentally - Chairman has confirmed that they have capacity to dexamethasone, the drug that WHO is trying as a lifesaver for COVID cases Buy at and for levels given in the charts
Black line - support/ resistance from June 08 Green line - support/ resistance from March 2020 Blue line - last 3 days trend line Grey zones - demand/ critical zones Levels as per charts.
Levels mentioned on the chart. Short below diagonal trend line Long above horizontal lines