Nifty auto is making is Flag and Pennant pattern at the top (resistance) If it given a breakout, we can see a good rally. Weightage of M&M , Maruti and Tata in Nifty Auto is 21, 19, 13 respectively. If CNX Auto has to move, definitely M&M, Maruti and Tata will move. In the mean time Marauti Suzuki has also made a flag and pennant pattern. Do keep on...
Nifty Auto (Index) CNX Auto The Auto index is at top and facing resistance. The price has already made 5 attempts to break the barrier. This time it has made a flag and pennant pattern at resistance. May this time it can break the resistance and we can see a new high. For education purpose only If you find helpful, do like and share the...
DLF is making a kind of Cup hand Handle pattern on monthly and weekly chart. Cup (body) has already formed and handle is in progress. The stock has a strong demand at 350. One can enter the stock at CMP and add more at 350 and stop loss at 340. It may give a massive run after 500 ( 14 years breakout ) Only for educational purpose. Make your...
- Modltech has given a pole ad pennant pattern breakout. - If sustain above the trend line, it may give another bull run.
NSE:RELIANCE Reliance is consolidating in a Channel(Channel is a pair of parallel lines ). Yesterday the price taken a support from the bottom of the channel and moved up. If if manage to remain above 2388 it can show a up move. Nifty is also standing at a resistance. Nifty cannot be positive without reliance. Buy above 2390 with a stop loss of 2365 Its my...
@ Stock was in down trend and made a low of 93 in March, 2020. @ After making the low, stock was consolidating in a range from 170 to 340 since April, 2020. @ Stock has given a breakout on monthly time frame and trading above 350. @ The stock has also retested the level of 355 on 22/12/2022. @ It may go up the level of 650 to complete the rounding bottom...
* A kind of Pole and pennant breakout in Nifty. * If Nifty sustain above 18000, we can have a bull run till Budget. * This is just for educational purpose.
* Multiple inside bar candle on weekly chart. Breakout still awaited. * It looks Gail can give a breakout of inside bar candle on higher side which is 100. * One can take entry at CMP and add more if gives a breakout above 100 for a target of 115 to 120 in short term. * PSU stock are already on rally. * Fundamental also looks good : PE < 5.5, Book Value - 100...
* Gati is making a kind of symmetric triangle pattern which is a bullish pattern. * High remain the same but forming a lower low. One can hold it with t stop loss of 130 with a tgt of 194, 220 and more.
* PI Industries is leading player in agro chemical. * Has formed a Cup and handle pattern on weekly chart and Bulls are struggling a bit at the top. * Can give good return if closes above the 3450.
# PNB Bank after a continous fall has consolidated for nearly 02 years. # Stock has formed a double bottom pattern on the monthly chart. # Does not good on fundamental. But certainly there is an improvement. # CMP- 54, Immediate resistance is at around 66-68 and support at 26.
* NFL is still moving in a rectangle range since 2007. * Now it is showing strength and has given Cup and Handle breakout. * Also it is at the verge of breaking its long parallel trend. * Its immediate resistance is at 89. * It the resistance of 89 is broken in up side it may give the target of almost 130 at per Cup and handle breakout. * As per fundamental...
> Infosys formed an Inside candle on 26.12.2022. > On day 2, i.e 27.12.2022, it has given a breakout of Inside Candle on upper side. > Also don't forget the buyback going on by the Company.
> The stock has given a good bounce from its support. > Bullish engulfing Candle followed with Gap-up Opening that sustained. > Also seems to break the long trend line. Please keep on radar as IT sector are not performing good.
IRD Infra CMP - 269. The stock has already given a 12 years breakout and re-testing. The stock has also consolidated for long at the breakout. Please keep on radar with a stop loss on 260. Risk to Reward is favourable.