Expecting a good upside move it tech m give breaky
After giving breakout of this trendline currently it is testing the strength of the support line. so as we know that the FMCG sector had not gave any movement in last few months and if market turn negative then FMCG is the sector where money can flow so expecting it to give upside move.
As we can see on a daily time frame of COFORGE it has broken a long term support trendline and weakness in nasdaq can lead indian it stocks down so expecting decent downside in this script.
As we can see a price action which is forming in DIVISLAB is inverted head and shoulder pattern and currently it is at a strong support level so expecting it to move upside in upcoming days
Voltas looking strong for breakout after breaking resistance it may give good upside move
Dabur looking good at current support level after continuous falling for 5 days, expecting short covering as market is rallied so much and expecting a correction in market and in that types of market FMCG stocks do well so expecting sector rotation to FMCG for few days
Dabur is ready to give breakout and taking support from 200 EMA
Above 4500 expecting a good upside move as consolidating from many days in this range. Keep SL at 4400
After Giving breakout of long term resisetence BIOCON looking good we may see a good upside in upcoming days
After giving breakout it is consolidating in a very small range if it will give breakout on upside we may again see a good upside in NYKAA.
MCDOWELL is trading near it’s support area from where the last time it had given breakout so now previous resistance will work as a support so long term investors can go long in MCDOWELL.
On a daily time frame of NAUKRI we can see that after falling from many days it has tested its crucial support level of 3400 and now it is consolidating in a small range and forming a pattern of falling wedge which Is one of the bullish pattern so after breakout one can go long in Naukri
As we can see on a weekly time frame of IRCTC it is trying to form a inverted head and shoulder which is one of the strongest bullish pattern so in a upcoming days if this weekly candle close with bullish strength we can see a good upside move in upcoming days.
IRCTC is consolidating from many days in 10-15₹ Range and started giving closing above resistance area but still there is a strong resistance at 650₹ level once it give breakout above 650 we may see the good bullishness in irctc as it is also a one of the top picks of budget session so go long
As we Can see on daily time frame of Concor after giving breakout again it is tested the support and also forming a double bottom pattern so in coming days it will become bullish so one can go long
As we can see on a daily time frame of SRF it wil making the inverted head and shoulder pattern which is one of the best bullish pattern so it may become bullish and in a short term it will give the good return
Looking bullish at current price, expect 70-80% return in 2 months go long between 460-480 level and keep strict sl of 440
As we can see on a weekly time frame of glaxo it is respecting this trendline for more than 14 years so go long in Glaxo it will give you easily more than 50% roi in few months