chartistamey

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Stock has been consolidating in a range from many days.Volume breakout has happened today. Stock should sustain above 850 for couple of days for confirmation. Levels mentioned on chart. Highly risky trade.

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Hero motors stock has formed a cup and handle pattern from past 4 years. A breakout of this pattern will unlock new highs for the stock. From investment POV, stock offers attractive dividend yield of more than 3% at CMP. Some ratios from fundamental analysis are: D/E is almost 0 ROCE>20% ROE>15% PE is 20 at CMP For trading purposes, stock is risky considering...

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Another stock from pharma sector which hasn't rallied. IHNS pattern breakout above 575. Levels mentioned on chart. Good move can be seen post breakout. Please follow me if you like my analysis:)

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Snowman has given a weekly breakout. Stock can be on watchlist. Minimum target is 68-69 with SL below 42 DCB. Idea shared only for educational purposes. It is not a recommendation.

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Tata consumer has been consolidating in a symmetrical triangle pattern since mid 2021. The stock has given breakout of the pattern and can be a good positional stock on the long side since FMCG sector is looking bullish The stock can be added on dips between 800-820 levels with a SL below 755 DCB. Minimum target in the stock is ATH levels of 889 above which the...

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GNFC has given a very strong weekly closing on Friday.600-610 was acting as a strong resistance and the stock has managed to close above it. A trendline breakout is also seen in the stock. The chart is showing strong bullish trend after retesting the weekly demand zone of 500-520 followed by strong reversal from weekly support trendline. Positional traders can...

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Today, HDFC Bank is down by more than 4% due to some news of target reduction. As HDFC Bank is a market mover, a big fall in HDFC bank can trigger a correction in broader Indian markets, especially banking sectors. However, news based moves are mostly a trap for retail investors. Weekly TF analysis of HDFC bank shows formation of ascending triangle pattern since...

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Sharda cropchem has been consolidating near strong demand zone of 400-420. Stock has bounced from trendline which indicates confluence of support bounce Stock can reverse before budget as chemical stocks have shown strength. Low risk high reward trade. Stock has good fundamentals as well to hold for longer time horizon. If you like my analysis, please like it and...

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The infamous stock of Paytm which was the largest IPO at the time of its listing has eroded IPO investor's wealth by more than 50%. However, the strong has been consolidating from quite few months now. We have seen multiple buybacks from the founder and promoter in this stock during the same which was a positive sign. However, near the release of Q4 2023 results,...

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As explained, Glaxo is looking strong for a reversal near support trendline. Trendline breakout can be a beartrap. RSI positive divergence in weekly TF is supporting the analysis. Best buy is near 1265 with SL below 1227 and target of 1345+. However, this idea is shared just for educational purposes and not a recommendation.

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Trade logic: Simple horizontal level resistance breakout of 400 which is also the neckline of Cup and Handle pattern. Levels mentioned on chart. Stock has consolidated since long. We can expect quick upmove.

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Voltas can be a good and relatively safe pick for medium term positional trading. Try to enter around 780 levels with a SL of below 740 DCB for minimum target of 920.

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Logic: Stock has been consolidating in a small range of 1250-1450 since past 7-8 months. A weekly closing above 1500 can be a good sign for reversal. Breakout Confirmation above 1600 DCB. RSI is strong with positive divergence. Chemical sector is showing reversing signs as well.

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Alkylamines seems to have bottomed up after a significant correction in the stock from around 4800 levels to 2150 levels. Currently, stock is on a very strong support from which the previous rally had started. This high growth stock is a superb pick at this level for swing and positional trade. However, there is a risk that it can be retracement of next correction...

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Logic: Trendline breakout with volumes. Chemical sector reversing. Fertilizer stocks are booming. RSI positive divergence seen. Breakout Confirmation above 2500. Levels mentioned on chart

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RBL bank has been bearish since past few years. Stock is showing strength and some signs of reversal. Breakout Entries are always riskier. Levels mentioned on chart. A consolidation above breakout zone is always a good sign.

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GTPL Hathway is a very volatile cash stock which has given wild one sided moves in the past. As seen in the chart, stock is in strong uptrend and has reached a supply zone of 185-190. Price action at CMP is going to be interesting. A consolidation before breakout is always healthy. However, if the stock sustains above 190, it can be a risky swing trade for...

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Pharma sector stocks have given a good bullish momentum in the past few months. If we analyze the pharma sector, we can see a bounce from strong trendline with higher high, higher low formation. Keep pharma stocks like Dr. Reddy, Sun pharma, etc. in your watchlist as we might see ATH levels in this stocks soon!