SAIL(4h): Cmp looks perfect for a short-term swing trade for 155+ levels. Investment rationale: Bullish flag breakout with volume expansion & buying interest in entire Metal basket. All oscillators are positive.
Metal rally is not over it is a temporary blip.
Reasons why the rally in metal stocks may not end so soon:
1) As there is a strong demand for metals, the supply chain is not yet fully in place and there is an expectation of a super cycle, the party in metal stocks has just begun.
2) The global economic data is very strong. Once the second wave is over, then...
Study chart pattern: "Bullish flag pattern breakout" with significant volume, NBFC sector especially AMC, & Broking companies have stated outperforming in last couple of months and same is expected to continue, Stock is placed above medium to long term moving averages, indicating uptrend, Indicators and oscillators on weekly and monthly charts have turned bullish....
NCC(D): CMP LOOKS GOOD FOR MORE UPSIDE. 1) CUP WITH HANDLE BREAKOUT 2) RSI, MACD, & ADX ARE VERY BULLISH 3) TRADING ABOVE ALL SMA'S 4) TRADING AT HIGH VOLUME 5) ECONOMIC GROWTH WILL RESULT IN INDUSTRY EXPANSION.
DCB BANK(W): CMP LOOKS GOOD FOR MORE UPSIDE. 1) TRENDLINE RESISTANCE BREAKOUT 2) AN INVERSE HEAD AND SHOULDER + RISING CHANNEL PATTERN IS VISIBLE ON A BIGGER TIME FRAME. 3) RSI, MACD & ADX ARE BULLISH.