NSE:MINDTREE Presence of a shooting star , bearish engulfing pattern and and evening star on the daily chart suggests that the probability of downward breakout is more.We can go short below 745,preferably after waiting for a close of 15 min candle below 745.We may see targets of 700 ,stoploss we be a close of hourly candle inside the rectangle.
NSE:MANAPPURAM After a nice upmove the stock has consolidated and is in a box range(118-125,green lines) in hourly time frame. Also a flag(blue lines) is formed near the box range high , so we may see an upward breakout once it breaks the flag and/or the box range on closing basis on hourly charts. target would be around 125+7=132 and the trade will be negated...
NSE:ICIL Breakout has occurred on daily charts from ascending triangle with high volumes. As per measured move we can see a target of around 30 points ie 160 levels.But as the price is very near but below its 200 period EMA and support turned resistance zone at 135 , it may see some consolidation or throwback to breakout levels. So we can put this script in...
RBL Bank has given a nice breakout with large green/bullish candle and above average volumes from descending triangle on the daily chart. Long positions can be initiated at a pullback to descending triangle near 525 levels . Also price is contained in a rectangle/box range of 500-550,10% and once it breaches 550 levels we may see an immediate move of at...
NSE:IDFCBANK is approaching its strong resistance zone of 65-66,which has acted as resistance for around an year.We may see a quick reversal or if it consolidates then this time it may break out of the zone ,and may reach 80 levels.Also this time bullish crossover of 20,50EMA has occurred and it`s trending above 200 EMA ,so chances are in favor of breaking the...
NSE:ICICIPRULI was in a falling wedge pattern from which it has a convincing breakout on 19/12/17 and also a throwback to the falling wedge pattern found support on 2/1/18. Now a valid ( with break of neckline ) inverted Head & Shoulders pattern has been formed today 8/1/18. Inv H&S is a very strong reversal pattern and as per measured move the immediate target...
After a rising window , price consolidated for a couple of weeks , and then a nice breakout , which coincided with the down sloping trendline and the 50 EMA. Longs may be initiated for a swing target of 180 with a stoploss around 153.Also the price has crossed its 200 EMA , though closed below it.
NSE:INDIACEM On weekly charts ,there is a breakout from flag pattern and triple bottom has been confirmed. the pullback of the flag coincides with 50% fib retrace. Long positions may be initiated at a throwback to the flag or after consolidation breakout on lower time frame . Its trending above its 200,62 and 13 period EMA and after bullish crossover of 13,62 EMA...
HDFC has been in a nice long term uptrend trending above 200 EMA, and is just given 13,62 EMA Crossover. Also the price has broken up from a consolidation zone and confirmed a double bottom. Long position may be initiated above 1737 with a target of 1800 and SL 1725
NSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards. A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern. Confluence of all these factors suggest for long positions . Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline...
HDFC has broke up from a consolidation and also double bottom has been confirmed. Its been in long term uptrend ,trending above the 200ema and also there is 13,62 EMA Crossover Target 1800, SL 1725