QUESS has given IVHS breakout in daily chart and has also given a good monthly closing as well. Once it had failed to sustain the breakout but last week closing was a successful one. Today it has also broken its previous swing high of 888 and hence it is looking quite bullish. One might go long with a SL of 850 and targets of 925,960 & 1000++. Analysis is just for...
As explained, the level of 1600 is a crucial resistance for the stock on daily as well as weekly time frames. LT is a good stock to keep in your portfolio for long term, too. Just for educational purpose.
Manappuram has given trendline breakout on 12th july and after a successful retest of trendline is now looking ready to blast. Today it has also broken its ATH of 194.8 made on 29th January 2020 with heavy volumes after the retest. RSI has a steep upward curve which shows bullish momentum might continue. Stoploss might be kept below trendline at around 175-177...
Stock of L&T is forming an Inverted Head & shoulders in weekly Time frame with the zone of 1580-1600 as the neck line. One can go long ONLY if there is a weekly closing above 1600 for minimum target of 1900 with SL as 1450 DCB. On daily TF too, the stock is making an IVHS at the same level which can be a congruence to the analysis. This is just for educational...
RCF has given a fresh breakout from consolidation phase with very heavy volumes visible in lower(15 min) time frame . It might be a news based move too. This stock is looking very bullish as per technical analysis for a target of 100 (which is its 52 week high) in short term. Above that, the stock can fly. Also, as this is a PSU stock with good fundamentals &...
Godrej Consumer Products has been consolidating in a range of 800 to 830 from the last 6 trading sessions after giving a massive move on 12th May. Might test All time high levels after breakout of this consolidation , i.e. above 835 DCB. This is just my personal opinion based on Trend analysis and not a recommendation for trade.