Vishal Fabrics has given a cup and handle breakout in weekly charts with good volume. Looks good for positional trade with trendline as the near term target.
Newgen software is moving in a range for a long time, the box pattern break will give it a bull run. Volume of 7th Jan gave a sudden spike, keep an watch on closing above 645 (DCB)
TRIL made perfect double bottom pattern, stock looks good for a mid term target of 48.
Sangam Industry looking to breakout of multiyear resistance. With textile industries in focus this can be a good prospect after breakout. Levels to watch is 325
Watchout for Godrej Industries above 660 for a long time resistance break and finally 700 as the ATH high level, weekly closing basis
Indigrid is looking good for a breakout if it crosses and sustains 146+ . Stock tried to breakout since March '21. Good fundamentals. Keep a watch on proce action next week.
APCL looks good for reaching ATH again after a good correction. It took support at the previous ATH and reversed. The financial numbers looks promising
Brigade Enterprise inverted H&S pattern, trading near ATH
UBL Breakout an retest confirmed from previous ATH. Now upmove possible. Morning star in weekly chart.
Rain Industries looks good after forming a double bottom. Price above the neckline break will have a good upside movement.
Thirumalai chemical weekly chart, looks like it has retraced back to support after breakout. A good candidate for upmove. Not any recommendation.
1. Stock has handsomely broken the symmetrical triangle pattern 2. The horizontal line is the very near resistance 3. It may retest, but any weekly closing below the downward trendline will be weak Just shared my interpretation of charts, not any recommendation
Blue trendline support became a resistance once stock dropped below the blueline support. Stock is still taking support on the long time yellow trend line. Breaking the downward yellow trendline and sustaining can become bullish, specially above 595. Not a recommendation, just for my learning and sharing for getting comments
Stock making double rounding bottom pattern on the horizontal support line. HH-HL pattern supporting the upward trendline. Safe bet can be taken above 73 or else a small portion at this level. Just my thoughts, not investment/trade idea.
DBL has moved higher than the trendline and going to touch 740 levels. Weekly closing should be above the falling trendline
Enough is enough, now please reverse back from this support :). The hammer candlestick today may also be a signal, festive days coming, sales will be higher this quarter
HUL is making LH-LL in 15 min chart, however it has consolidated today and a sideways movement has been seen in all the 15 mins candles. It it breaks the box pattern and 2 candles close above the downward trendline then it should signify bullish performance going forward. P.S: Sharing just my analysis so that I can verify it coming days, I am a learner, don't take...
Buy near the support zone, can be entered at CMP for first target of 3800/4000. Stock making rounding bottom pattern for years and weekly trend is in a channel (HH-HL) FYI only, not investment advice