ashishjain14361

ashishjain14361

cipla is trading in a range for past one month so on breakout it may give good move so watch for breakout.

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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

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biocon gave a good bounce today during intraday so one can go long at cmp of 568 with stoploss below 552 closing basis for targets of 600/614/644

ashishjain14361 Updated 

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...

ashishjain14361

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

ashishjain14361 Updated 

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

ashishjain14361 Updated 

lic housing finance has breakout from consolidation of 2 months and volumes are less while pullback so can go long at CMP of 514.5 with stoploss below 503 or below 50 ema

ashishjain14361 Updated 

adani ports breakout from 1 month long consolidation with good breakout volumes safe traders can wait for pullback or else can buy at cmp with stoploss below 375 and targets of 392.25/397.25/415.35

ashishjain14361 Updated 

by seeing the chart it is clear that bear strength has completed so one can go long on breakout of trendline at the price of 332 with stoploss below 50 ema closing basis with targets of 336/349/369. Safe players can enter on breakout of previous swing high for confirmation of reversal that is 336

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dalmia bharat gave breakout from channel one can go long above 2444 with stoploss of 2400 and target of 2563

ashishjain14361 Updated 

techm reached pattern low and bounce seen in the stock so can go long near 641 with stoploss below 637 and target of 655 risk reward ratio = 1:3

ashishjain14361

MRPL failed to breakout resistance zone making a breakout failure setup. safe players can go short below 80.5 with target of 76.5 and stoploss above 82.5 risk:reward ratio = 1:2 if stoploss gets hit then just reverse the trade that is go long above 82.5 with stoploss below 80.5.