The Chart itself tells that the Breakout has happened with huge volumes. The stock is above all the 21 - 55 - 89 - 150 -200 EMAs.
Disclaimer : This is my personal analysis for study purpose not intended for trading
Indigo is all set to touch Fibonacci Targets of Rs. 904 and 940 in near future. I may be wrong, and this is just my prediction and not an invitation to Buy.
We are responsible for our action so take your own views, analyse before taking a stand.
FMGOETZE can be brought for a short term target of Rs. 509 on following ground :-
1. The stock is moving above 20 and 50 EMA.
2. Today's price increase is supported by increase in volume of 38119 against 8 Day Average volume of 29124.
3. The share can be brought between Rs. 475 and Rs. 480 with a Stop Loss of Rs. 465.
Please take your own decision and do not...
Teamlease looks good above Rs. 4300/-. The scrip has just crossed 21, 55, 89 and 100 EMA with volumes greater than previous four days volumes.
Disclaimer : The idea kept in here is just for personal Study purpose and not a recommendation.
Bharat Financial looks good for a short term target of Rs. 830 and 855.
The logic behind my prediction is :-
1. The stock has crossed both 20 and 50 Exponential Moving Averages and both the Averages are rising.
2. The Awesome Oscillator is trending upwards and if it crosses zero line chances are the stock may also touch 855 and 887 which are Fibonacci resistance...