The chart structure shows a strong bias toward the upside.
Most likely zinc is just starting to show initial signs, yet it's a fairly strong indication of higher side move.
As long as it continues to stay above the breakout level, & closes above 238, the probability of higher levels seems fairly strong.
At this point of time, targets of 260 to 280 seem be...
Disclaimer: This analysis is posted as my online journal for educational purposes only. This is not a buy call.
As you can see in HEG's chart above, it has risen 291% in 22 weeks and it has now experienced 3 tight contractions C1, C2, C3, with the C4 currently being in progress.
The C2 contraction was half of first, but the C3 was 18.5%. The last contraction...
Nice Intraday Churn & healthy buying in NSE:BEML volumes seen today.
The day started with a Gap-Up (3.4%) and was followed by an gap fill.
The close (looks very likely as of now) & if it does close above 1376, then
BEML may well target 1540-42 (+11% ) from cmp.
Orient Paper NSE:ORIENTPPR has a good almost a text book like VCP in progress. ( who cares if its called by a Cup & handle name or any other ) the bias does seem highly biased to me on the upside.
Stock Shifting from Basing stage and likely to move to advancing stage. The past FIVE weeks price action is suggesting an upward bias. Average volumes are also...
Reliance looking good for targets 2200 & 2350
Reliance has been consolidating within a band 1830 to 2230 for quite some time. The volumes since last two sessions appear encouraging.
Today its started an small up-move that may likely take it to 2116, 2200 & maybe even 2350 in the coming weeks.
Breakout Failure on top.
The chart structure is shifting towards consolidation and test of supports.
Sustaining and closing below 601 in the coming weeks may well take Tesla to break the low of 546 & then proceed to achieve 450-36 to 420 range.
The Down move scenario gets invalidated on successive closing above 670
Stock in excellent uptrend, but faces lots of hurdles ahead
Strong uptrend, and consolidating.
New 52w Hi, Plus Hight and tight consolidation indicates likely upmove soon
Likely Targets: 432-448, 548-564
Overall upmove likely to face multiple resistances ahead.
Consolidation ahead could be likely long drawn,...
SBIN has made a new ATH and is consolidating for a likely strong upmove.
Coming few weeks it may consolidate between 371 to 416 range.
If in coming 4-6 weeks manages to sustain above 371 - 415 range, then most likely targets are 458, 523, 580
Fair possibility of 650 exists if the trend remains intact.
Currently seems to...
Sharing VCP analysis of Morepen NSE:MOREPENLAB
Currently in Advancing Stage
In Less than 4 Weeks (26 sessions)
Net Gain after Breakout = 106%
Flag Pole was 80% High
Consolidation was 291 sessions
Nice Textbook VCP pattern with 5 Contractions
Move started with a failed breakout, from Ctn4. This was followed by a shakeout.
-Consolidating within the top band
-Likely to target 912-950 range soon, if continues to sustain above 800
-Expect a range bound move within the range 695/730 to 870/950 for the next 8-12 weeks
-F&O Stock, likely slow mover
-Sustaining Below 695, may most likely take it to 570-595 range
NSE:PNB Punjab National Bank likely in process of forming a base
This week of 24th to 28th May 2021 has started off with a 3% GapUp
High probability of hitting 42.5 - 44 range target.
Small possibility of testing 36.4 before resuming upwards
BirlaSoft reacted strongly from its rising 200ma & went up to closed above 20 & 50 sma on Friday.
It forming a very inviting long tail candle. The volume though was marginally (@25%) higher wrt its 10day average.
On Monday, it gapped up strongly and now today's close seems to be sustaining well. Waiting to see how the coming weeks shape up.
Planned GTT entries...
Refex has completed three contractions, all within the 25% range.
It seems to have started to move up from its tight range.
The volumes need to be encouraging and higher to be able to decisively cross above 142.40.
Entry levels, risk, and targets shown for my journaling purpose.