Yes2Profits

Yes2Profits Updated 

The chart and drawings are self explanatory. Ramco has just broken its all time high, supported by decent volumes. The stock retested its resistance, which is a good sign for the stock towards extension of the rally. Positional traders can take a position at the current levels, with a stop loss at ~325 levels. Please follow us for more trading setups like...

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JSW Steel was making higher highs and higher lows for a few weeks, and has been in a consolidation phase, forming an ascending triangle pattern. It has shown a minor break out of the resistance, and now if it follows through, it can soon cross the 52W high for levels of 810 and 894 respectively. The technicals are also giving a bullish bias for the stock. Please...

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The stock was moving in an ascending pattern on the lower trend line, and has now crossed the top resistance level. It is now trending closer to its all time high of 224.5, which is given as a near term target. Break out happened with significant volume, suggesting that the trend is expected to continue. Depending on your risk profile, you may maintain a stop...

Yes2Profits Updated 

The stock has been moving in a narrow range rectangular pattern for a couple of days now. On Friday, July 23, we observed a spike in volume, bringing it towards the upper resistance and the 52W high levels. Carborundum had good results last quarter, and it next set of results are expected on August 2. May be this has lead to renewed interest in the stock....

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The stock is near its 52W high, and witnessed a spike in volume on Friday, 30th July. If the momentum continues, considering its strong technicals, it is highly likely to break out of the ascending triangle pattern. Considering the historical trend on the weekly charts, it is expected to touch near term targets of 137.8 and 150.8 respectively. Depending on your...

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The stock was moving in an ascending channel for a few weeks now, making higher highs and lower lows. Traders can buy the stock at cmp as it has broken above the upper channel line of an ascending channel. The move was well supported by significant rise in volumes, which confirms the authenticity of the breakout. Considering the weekly charts, the next...

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The stock has shown breakout of the declining pattern of descending triangle, can be bought for targets of 1450 and 1500, the next 2 resistance zones. P.S: This idea is for educational purposes only and should not be construed as an investment advice.

Yes2Profits Updated 

The stock broke out of the pattern today, supported by high volumes. Considering that the results are expected tomorrow, they can either play a spoilsport or add fuel to the fire and take the stock easily to its 52W high levels. Supporting technicals: RSI: 68 ( Bullish but not overbought) MACD is above its center and signal Line, this is a bullish indicator P.S:...

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This stock has formed the classic cup and handle pattern indicating a possibility of a breakout. Stop loss can be maintained at 158, which is the bottom of the handle. Supporting Technicals: RSI: 65.6 ( Bullish but not overbought) MACD is above its center and signal Line, this is a bullish indicator. P.S: This idea is for educational purposes only and should...

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The stock has broken out of the pattern after a consolidation phase and supported by very high volumes. It is expected to follow on the trend and can be bought at current levels for targets of 838 and 900 in near future. The stop loss can be maintained at 775 level, which was the resistance level before the breakout. Supporting technicals: RSI: 66 (Bullish but...

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The stock has been following the ascending trend of higher highs and higher lows for a few weeks now. There is a pattern emerging by looking at the chart, which I have divided in 3 phases. Each phase is preceded by high volume, followed by consolidation. As soon as the price has touched the trendline, we have observed a spurt in volume and price. If the history...

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The stock has broken out of the classic cup and handle pattern supported by very high volumes. It is expected to follow on the trend and can be bought at any price between cmp and 428.5 for a target of 838 and 900 in near future. The stop loss can be maintained at a little below 420 level, which was the resistance level before the breakout. Supporting...

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The stock has shown a minor break out of the ascending triangle pattern today, coupled with spike in volumes. Cement stocks are expected to have good results this quarter, and Sagar Cements will be no different. Also, this stock is expected to be split soon (1:10), which can add on to the momentum. I feel this can be bought at current price for a target of 1295...

Yes2Profits Updated 

This stock has formed the classic cup and handle pattern indicating a possibility of a breakout. Either It can be bought at current levels for a near term target of 360 and 380 respectively, or you can wait for it to cross 350 (which will be a confirmation of much higher numbers considering that it will breach all time high). Stop loss can be maintained at 325,...

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Morepen is brilliantly placed in charts with 2 Bullish patterns emerging, indicating an upswing. In my opinion, the stock can easily add 10% from the current levels in a very short span of time. Can be bought at current levels, keeping a stop loss at 67. Supporting Technicals: RSI: 64.3 (bullish but not overbought) ADX: 28.3 (indicating strong trend) MACD is...

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Ascending Triangle Pattern formed in TATA MOTORS. You can clearly see a Rising Lower trendline which is acting as a support line. Stock is taking its support on the line and has avoided any downside movement. Upper trendline is flat acting as resistance line. Positive Points: 1) Ascending triangle pattern which is commonly known for bullish sign. 2) CMP is...

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The stock is forming the classic Flag and Pole Formation. The volume is consolidating between 385 and 425, and is soon expected to breakout for a target of 455, and can move ahead to 490. Supporting Technicals: RSI: 67 (Bullish but not overbought) ADX: 51 (Indicating Strong Trend) Suggested stop loss is 380

Yes2Profits Updated 

Classic cup & handle formation, with a breakout expected above the resistance level of 456. The technicals such as RSI (Bullish) and ADX (Strong Trend) are supporting the Breakout.