Indo count is on the verge of a breakout. Indications are coming in various ways that stock is gearing up for a big breakout . Today , Stock price was closed crossing the previous month high of 301.05 by 3.17%. Stock has formed a bullish candle ,Stock volume increased by 13.4 times vs 5 day average. RSI is above 60. Stock has touched its 200 DEMA. Only one...
Tata Motors looks weak based on 3 criteria's.
1. Super Trend has given a sell signal
2. RSI is below 50 showing weakness
3. RS vs Nifty is also negative
Last Friday witnessed a classic C&H Breakout in Coal India. Could be good performer in short term . Further move may depends on the Earnings to be announced on Monday 14th...
Disclaimer : Above view are only for Educational Purpose.
After a 3 month consolidation , ITC has seen some buying interest from last few sessions. On charts also, we can see a cup and handle pattern . Also a descending triangle breakout is also expected.
Friday's big spike in M&M seems to be confirmation of the Descending channel breakout which occurred few days back. However we could see a huge Call Writing at 850 strike prices and open interest has increased by 4x, which could act as Resistance. If breaks 850 decisively, then short term target of 900 is achievable. Company's operating results are strong on the...
Nice clean Cup & Handle chart pattern is visible in BPCL today. Suggest to go long with Short term target of 495. Expecting some good news flow on the counter in coming days is adding strength.
Disclaimer : Above view are for educational purpose only.
From past few months, HCLTECH is trending in a channel range between 895 and 1035. Post Q1 Earnings, tested lower range twice and bounced back from those levels. It shows good buying interest at those levels. I expect stock to move towards 1000 in this recent pull back.
Disclaimer : above views are only for educational purposes.
As expected , IGPL gave a good breakout today from the Neckline with good volume. Considering the results announcement next week, expect to continue the run to reach 52wk high of 550 before results. First Target 550..
After a couple of Doji Candle stick patterns, stock has made a good bull candle today. Looks like consolidation is over and stock is ready to resume its upmove towards its 52wk high. Immediate Short term target would be 720..730. results are due next week, hence may see some volatility around that.
Days ahead of its earnings, IGPL seems to be on the verge of a breakout by crossing the neckline. Expecting the momentum to continue towards 52 week high around result day. Further upside will depends on quality of results.
