Liberty Shoes testing the long term resistance line at 192. A convincing breakout is on the cards...
Cup and Handle breakout observed in Weekly and Monthly charts. Invest for a target of 23000.
Reliance has broken out of Inverted H&S pattern on its daily chart. A price target of 1570 can be expected in 3-6 months time frame.
Diamines & Chemicals is correcting overbought conditions. Q4'17 results are extremely good. Above 80, it can fly.
Excel Industries consolidating within a symmetrical triangle. Looks for a breakout upwards. Buy with SL at 340 for a target of 520
Simplex Infrastructure has given a breakout on weekly chart. Buy for a target of 494 with SL at 344
Waterbase has been consolidating in a symmetrical triangle and is on the verge of breakout on its Weekly Chart. RSI has already given a breakout and taking support from the downtrend line. Looks interesting.
If the price sustains above 1010 next week, can initiate a BUY.
#VADILAL broke out from long rectangular consolidation with huge volumes, retraced back to top of rectangle at 766 and started rising again. A good time to enter?
GMM Pfaudler is undergoing a six month long ascending triangle consolidation and is ripe for a breakout in coming months. Breakout above 600 may open up unlimited possibilities. Accumulate with S/L of 530.
GMR forming a rounding bottom with increasing volumes. Smart accumulation going on.
Go short as a bearish evening doji star has formed on daily chart. Target 70, SL 81
Control Prints has a breakout with volumes from Symmetrical triangle. Would like to see follow up action and then buy on retracement near 285.
Ramky is providing another opportunity to add at 95 levels which is the neckline for inverted H&S breakout
Cadilla Healthcare has formed a Bullish Engulfing Candlestick pattern on daily chart. Monday opening would be interesting.
It appears that Rallis is forming a Bearish H&S formation with neckline at 232. Sell below 232 for a target of 206.
After breaking out from long term resistance at 232, it is now consolidating. Look at the volumes on Up days, poised for a target of 340.
Astra Microwave is consolidating within a rectangle for 3 years. Any breakout above 152 with volume can be bought into. On my watchlist.