BGR Energy, after forming a 2-year long triangular consolidation with base in a rectangular consolidation finally broke out above 152. It has now formed a flag pattern. Looks good for an entry
A 17 month long consolidation within a rectangle seems to be coming to an end. A sustained close above 22 on a weekly basis can take it to 40 in a short time. Accumulate.
ONGC is forming a two year long bullish Cup & Handle pattern with neckline at 208. Cup is already formed and Handle formation underway. Wait for a decisive breakout above 210 for entry with target of 340.
#GEPower has bullish Cup & Handle breakout on its daily chart. Volume is a concern. Will pick up once it sustains above 640. Target 800+
Cera Sanitaryware had a bullish Cup & Handle breakout followed by a pullback to the neckline and then rising again. Perfect textbook breakout example. Can buy on dips for immediate target of 3650; SL 2520
Prakash Industries is forming a bullish Cup and Handle pattern with neckline at 60. Wait for a breakout above 60 to enter for a target of 100
DCM Shriram is completing a bullish Cup & Handle formation with neckline at 240. Buy on a retracement after breakout accompanied by volume support. Only for investment.
Kaveri Seeds has given a breakout from a triangular pattern on Daily charts. Buy at around 445 levels on retracement
Pitti Laminations has given a breakout on its daily chart. Would be interesting to look for a retracement before buying.
Kanpur Plastipack is on verge of Cup & Handle breakout above 141. Buy with SL 100 for a target of 190
#JKTYRE completing 28 month long Cup & Handle consolidation pattern on Weekly chart. Buy on a sustained close above 156 for a target of 220. SL 136
Punjab and Sind Bank has completed a Cup & Handle breakout at 55. Buy for a price target of 78; SL 53
AVT Natural Products is consolidating in a rectangle for last 10 months. Eventual breakout maybe another quarter away. Start accumulating
#VIMTALABS is on verge of Cup-and-Handle breakout on Monthly Chart. Above 122, we might see 250+ on long term basis only.
JKTYRE is forming a bullish Cup and Handle formation. Accumulate slowly; buy more on a breakout above 154; Stop Loss: 92
Vinati Organics ready to break out of weekly Cup and Handle pattern. Buy on a retracement after breakout from the neckline
On the weekly chart, India Nippon Electricals Limited had a breakout from rectangular pattern 493 and is now consolidating. Buy with SL at 440
Bharat Forge is forming a weekly Cup and Handle in RSI. Expect breakout above 936 for a target of 1400; SL 827