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DEEPAK NITRITE HAS FORMED CUP AND HANDLE PATTERN AND GIVEN A BREAKOUT. STOCK IS SHOWING GOOD STRENGTH IN THIS DOWNWARD MARKET. IF MARKETS START REVERSING THIS STOCK WILL MOVE GREATLY.
CAN GO LONG IN YESBANK AT CMP WITH 10% STOPLOSS FOR TARGETS OF 600 FOR LONG TERM. IT HAS FORMED A MEGAPHONE PATTERN BUT THE PROBLEM THIS TIME IS THE FALL IS MUCH QUICKER SO THERE IS CHANCE OF BREAKDOWN SO IT IS A RISKY BET BE CAREFUL. SAFE PLAYERS CAN WAIT FOR BOUNCE.
CROMPTON HAS FORMED HNS PATTERN WHICH IS A BEARISH PATTERN ANY BREAKDOWN BELOW THE NECKLINE CAN TAKE THE STOCK TO 140-135 RANGE KEEP WATCH. STOCK BOUNCED A BIT FROM THE SUPPORT LINE AND FROM 100 WEEKLY EMA.
JET AIRWAYS IS AT ITS CRUCIAL SUPPORT LEVEL ANY BREAKDOWN WILL LEAD TO A CRASH LANDING FOR THE STOCK. AS YOU CAN SEE STOCKS FALL IS REDUCING NEAR SUPPORT SO ONE CAN GO LONG WITH TARGETS OF 3X FOR 3-5 YRS TIMEFRAME AND WITH STOPLOSS OF 235. SAFE PLAYERS CAN GO LONG ABOVE THE HIGH OF PREVIOUS CANDLE.
pfc has formed a inverse head and shoulder pattern which is a bullish pattern. can go long above 89.5 with targets of 93/104 and stoploss of 86.5
go long only if price closes above 50 and 200 EMA and also by seeing price action it looks like head and shoulder pattern is forming confirms only on close of above 161.long above 143 with stoploss of 136 and targets of 159 and if breaks 163 then 175/185/205.
WELSPUN INDIA HAS FORMED DOUBLE BOTTOM PATTERN AND VOLUMES ARE MORE ON RISING DAYS AND LESS ON FALLING DAYS IT ALSO GAVE A SHAKEOUT NEAR BOTTOM AND ALSO BROKEOUT TRENDLINE WHICH MAKES IT A GOOD BET. ONE MORE THING NOT REALTED TO TECHNICAL BUT IT IS FUNDAMENTAL AS THE RUPEE IS FALLING IT IS GOOD FOR WELSPUN AS IT EXPORTS 90% OF IT GOODS TO FOREIGN COUNTRIES AND ...
apollo hospital making lower lows but the difference between each low is reducing which is sign of reducing bear strength. it has also broken trendline which represents that trend is about to reverse. one can go long for targets of 960/994/1030 with stoploss of 923
cipla is trading in a range for past one month so on breakout it may give good move so watch for breakout.
by seeing charts it looks like stock has formed a good base and it is ready to move upside. it broke the trend-line pullback done now it has to move. view invalid if price falls below trend-line and sustains.
beml was forming a lower low pattern but the difference between each lower low is decreasing by each swing which represents that bear strength is reducing and the stock is ready for some upmove.
motherson is forming an inverse head and shoulder pattern which is a bullish pattern. look for breakout price of 309 for targets of 316/320/345 with stoploss of 298
by seeing charts it is clearly visible that bear strength is reducing so we can expect this carnage in smallcaps to be completed in near term. I have posted some similar setups in my previous posts which have been successful so expecting the same in smallcaps fingers crossed
previously when escorts made a double bottom pattern formation with the support of 200 daily ema it gave a huge rally and this time it has similarly formed double bottom pattern formation with the support of 200 daily ema so can we expect same rally this time
by seeing chart it is clearly visible that downtrend has come to an end. if it breaks above trend line then uptrend will get confirmed if it unable to cross trendline that it can possibly make a double bottom pattern and then may break the line so keep watch for breakout. one more interesting thing is compared to previous upmoves in the above channel this time the ...
arvind broke out from a big consolidation today with a strength candle so one can go long at cmp of 430 with stoploss below 418 and targets of 445/477. risk reward ratio is not so good at cmp so it would be better to enter at a lower price.
dalmia bharat gave breakout from channel one can go long above 2444 with stoploss of 2400 and target of 2563
cg power has formed an inverted head and shoulder pattern. a breakout above 63 would be a good buy and also obv showing some divergence so can go long on break of 63 with stoploss below 50ema and target of 70/76/80