beartrader17

beartrader17

GAIL is looking to come out of the volatility compression. A close above 100 will ensure upside rally for short term.

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Aptech has formed cup and handle on longer timeframe and currently it's forming head and shoulder. Both the patterns are bullish. Once the stock breaks 400 levels and sustains new high will be triggered.

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CGCL has been a victim of breakout failure on shorter trend and also rejected from the long time resistence zone.

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Siemens has formed ascending triangle and is at the top of the triangle. It will be interesting to watch if stock breakouts or continue to remain sideways inside the wedge.

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Persistent is trading near the resistance level. IMO there would be a retracement till the trendline before a breakout which can be a good entry point.

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Engineers India is near resistance and has formed a tight head and shoulder.

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Stock is trading in parralel channel and is near resistance. Upside breakout is expected with 15-20% upmove.

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PEL is trading near crucial support level and there is volatility compression. Stock is in downtrend but currently taking horizontal support. Either side breakout shall give good returns.

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DB corp has been in consolidation phase after downtrend. The stock is hovering near the breakout level or the resistence level for quite a while and might head for a breakout. One can take long position keeping the trendline as sl. If the trendline breaks then the stock might remain sideways before making an upmove.

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Quite similar setup to its parent IDFC ltd. Only difference is IDFC First is yet to give multiyear breakout and is hovering near the trendline on weekly timeframe.

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IDFC Ltd has given multiyear breakout and has retested the same level. The stock is moving to its immediate resistance zone and has given 52 week high breakout on shorter timeframe too. Looking extremely bullish.

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Federal Bank has formed a tight head and shoulder and is on verge of breakout. On higher timeframe it has given multiyear breakout and has retested the level in december. Stock if sustains above horizontal line it will give good returns in the short term.

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TD Power Systems has retested the breakout level and has given strong reversal. RR is favourable too. A long trade can be initated with sl below 130 on closing basis which is 5%.

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Confidence Petro is in the process of forming inverted head and shoulder plus there is volatility compression at the right shoulder. If sustains above 85 then it will head towards new all time high.

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CARBORUNDUM UNIVERSAL is trading at an interesting level. Will have to wait patiently and watch if stock gives upside breakout or retraces back to the trendline.

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Fusion Micro Finance has formed a wedge and is hovering near breakout level for last few trading sessions. If stock sustains above 400 then it will head for new all time high.

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Max Healthcare volatility compression and consolidating near all time high levels. Awaiting breakout and likely to give upside breakout.

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Tata Metaliks has formed head and shoulder and is on the verge of breakout. Breakout above trendline will trigger a rally as its coming out of the base.