aniketkulkarni500

aniketkulkarni500 Updated 

NSE:USHAMART Currently breaking out from a consolidation within a bigger consolidation (See chart) Goood volumes today and if a breakout is confirmed by EOD, I think it will go on to breakout from the larger consolidation as well. Targets for the smaller consolidation amount to 35 points, whereas the targets for the bigger consolidation amount to 55 points,...

aniketkulkarni500 Updated 

NSE:HDFCAMC Good breakout above resistance zone with good volumes. Has also broken above R1 today too. Trading above all key MAs (20,50,100,200) Keeping a target at R3, which is also another potential supply zone, with an SL below the breakout candle's low gives a 1:1 RR trade if taken at current rates. Any entry on pullbacks will be even better in terms of RR.

aniketkulkarni500 Updated 

NSE:HINDUNILVR Potential breakout occuring in Hindustan Unilever Broad based buying seen across consumer stocks. (Check Dabur, Godrej CP). Trading above key MAs, trying to break above resistance zone. Already broken above previous high, good volume activity. Can be a good long trade. Target R1 / R2 based on monthly pivots, the R:R stands at 1:1 and 1:2...

aniketkulkarni500 Updated 

NSE:JKPAPER This one is giving a breakout from what looks like an inverse head and shoulder pattern, which hints at continuation of the ongoing major bull trend in the stock. Breakout has been accompanied with good bursts of volume activity. Also, it has occured on a day where major indices and the broader market is considerably weak. Pattern targets come at...

aniketkulkarni500 Updated 

NSE:PNBHOUSING This counter has given a pullback after a breakout from an ascending triangle / vcp pattern. Pullback was on low volumes, and now it has bounced so far from the breakout level. A long trade looks good here with an SL below the breakout candle low and a target of 545 as per the price pattern giving a R:R of 1:1.6. Keep track!

aniketkulkarni500 Updated 

NSE:PSPPROJECT This counter has given a pullback after a good volume backed breakout from a consolidation. It reversed from monthly R1 pivot and is now re-testing the breakout level. Any long trade here would be ideal after a green candle close at this level. Targets can amount to R1 again (the previous high), which gives a R:R of 1:1, or a further target of...

aniketkulkarni500 Updated 

NSE:GODFRYPHLP This stock has broken out of a bullish flag pattern, signalling a continuation of the ongoing bullish trend. Despite the selloff on the index, this stock has held strong on friday. Breakout occurred with good volumes SL can be taken below the breakout candle low, giving a R:R of 1:1.3, or an SL below the monthly pivot, which would give an R:R of...

aniketkulkarni500 Updated 

NSE:GESHIP A long trade looks good here in GE Shipping as it has broken out of a consolidation, or also a ascending triangle pattern. Breakout occurred with good volume activity. Chart shown is the hourly chart. Pattern targets come out to be at 770. SL can be kept below the breakout candle low, which will give a R:R of 1:3, or below the weekly pivot, which...

aniketkulkarni500 Updated 

NSE:JINDALSAW Good consolidation breakout on the hourly chart with heavy volume activity. Pattern target comes at 105, which is incidentally also the R2 level of the monthly pivots. A trade here with an SL below the breakout candle low gives a R:R of 1:1.8, which is pretty decent.

aniketkulkarni500 Updated 

NSE:INDTERRAIN Clear breakout from a consolidation with very heavy volumes. Will be a great trade on any pullback towards 82-83 zone. Target for the consolidation breakout amounts to 92-93, which incidentally is also it's monthly R3 pivot. Any entry near 82-83 with a stop loss of 75.4, which is its monthly central pivot, gives a good 1:1.5 RR trade.