Voltas has been in a consolidaTION FROM 2 MONTHS . And it has given a minor breakout from falling channel. It may be posssible that its reststing the broken zone as shown. NSE:VOLTAS
Bank Nifty has reached the trendline and is showing reversal for further correction. the pattern is an old forming pattern from 2014 So reliability is more. In order for Banking stocks to rally further it may test the trendline drawn and then trade within zones. Also additional emphasis long positions are non sustainable for now so shorting seems like an option....
PFC HAS BENN INTO A CHANNEL SINCE 2017 WHICH IT BROKE THIS WEEK . IT HAS CLOSED STRONG SO BUY IN DIPS ON RETRACE OR CAN ADD LITTLE QTY NOW. NSE:PFC SINCE ITS A PSU MAY SURGE ON DIVESMENT OR NEW PROJECTS BACKING.
NSE:DCBBANK DCB BANK HAS FORMED A NICE FLAG STRUCTURE SINCE DEC ONCE IT BREAKS OUT WILL GIVE HUGE VOLUME ANF MOMENTUM ....
WOCKPHARMA BREAKOUT SEEMS DUE BUT LOOKING AT CURRENT MARKET CONDITIONS CANT ASSURE 100% IF IT BREKS OUT MAY GIVE GOOD RETURNS IN SHORT TERM YOU CAN HOLD THIS STOCK FOR LONG TIME IN CASH MARKET. MY ENTRY WAS AROUND 357 STILL SHODING AND HAVE ADDED MORE WITH RISK REWARD RATIO AS SHOWN. NSE:WOCKPHARMA
HAVE IT IN THE WATCHLIST AS IT MAY BREAK OUT BUT GIVEN MARKETS ARE AT ALL TIME HIGH SO BE CAREFUL. ENTER ONLY AFTER BREAKOUT.. NSE:WIPRO AMEX:WIP
BHARTI AIRTEL HAS BROKE ITS 3 MONTH SUPPORT LINE HAS RETESTED THE ZONES IT MAY RESTEST MORE AND THEN FALL RISK AND REWARDS AS MENTIONED IN THE CHART. HAPPY TRADING. MOSTLY 70% CHANCES OF FALLING AS PER MY ANALYSIS BUT IN CASE IT REVERSES ACCEPT THE SL AND MOVE AHEAD. NSE:BHARTIARTL
ZEEL HAS BROKEN ITS LONG 3 MONTHS SUPPORT LINE YESTERDAY. TODAY IT TRIED TO RETEST THE LINE AND COMPLETE NOW ITS READY TO FALL RISK REWARD AS SHOWN IN CHART IF IT REVERSES ACCEPT THE SL BUT 70% IT WILL FALL REST DEPENDS ON MARKET SENTIMENTS. HAPPY TRADING... NSE:ZEEL
CADILA HAS BEEN TAKINF SOLIND SUPPOR ALONG OUR TRENDLINE BUY A LOT AND BOOK 10% BY NEXT MONTH NSE:CADILAHC
NSE:ITC I have been following this stock since breakout but i am really not sure about its retracemetn on trendline Any suggestions are welcome. this ones a double flag pattern
ITC SEEMS TO BE FORMING ANOTHER CHANNEL PATTERN IN 1HR IF IT BREAKS THE DIAGONAL LINE WITH VOLUME IT WILL GO UP BY 17% MINIMUM AS PER MY ANALYSIS ANY SUGGESTIONS ARE WELCOME. NSE:ITC
ITC IN 1 WEEK TF LOOKS LIKE ITC HAS TAKEN A TEMPORARY RETRACEMENT FOR NEXT UP MOVE. ITS FORMING A MULTIYEAR SOLID TRIANGULAR PATTERN . MY TARGETT WOULD BE AROUND 26-0 BY THE END OF MONTH. HOPEFULLY. NSE:ITC NSE:ITC NYSE:IT NSE:ITC NSE:ITC NYSE:IT
RELIANCE IND HAS BEEN IN A CONSOLIDATION SINCE LAST MONTH INTO A TRIANGULAR PATTERN SUGGESTIONS WOULD BE TO KEEP AN EYE ON UPPER TRENDLINE AND TAKE ENTRY ONCE IT BREAKS TODAYS HAMMER CANDLE ALSO INDICATES BUYING PRESSURE!!! HAPPY TRADING. !!
PERFECT ENTRY FOR ABFR AS ITS FOLLOWING TRENDLINE NSE:ABFRL GETTING GOOD SUPPORT FIRST TARGET SHOULD BE 200 WAIT FOR BREAKOUT ADD MORE
ITC HAS BROKE ITS YEARLY TRENDLINE MOST LIKELY LIKE THE BEHAVIOR SHOULD BE BOUGHT AT RETRACEMENT ON UPPER TRRENDLINE ARFOUND 225 IF IT RETESTS TRENDLINE. EXPECTING ATLEAST 25-30% UPWAR MOVE IN 2 MONTHS PERIOD. THE COMPANY IS ALSO IMPORVING ITS SALES AND PROFITS QOQ. STOP LOSS AROUND 212 .
BANDHAN BANK HAS TOUCHED BASED TRENDLINE FOR THIRD CONSECUTIVE TIME. A STRONG BUT FOR ATLEAST 35% GAINS IN CAPITAL. TRAIL STOP LOSSES IF TARGETS ARE SHORT TERM. NSE:BANDHANBNK DHANBNK"]NSE:BANDHANBNK BANK NIFTY WOULD ALSO SUPPOR ITS UPWARD JOURNEY.
Once the slant trendline formed over a long period of time breaks , HP may go up by 35% .Since its breaking tearly and monthly lines. Happy Trading. NSE:HINDPETRO
Escorts is forming an expansion channel pattern and getting a good support at thhe bottom trendline. It may give 20% up move once our alert is activated. Happy trading.