from the chart we can see that the price is consilating at the all time high levels and a triangle pattern is also getting formed . if stocks gives a breakout we can expect 30-40 percet returns within 1 month. longs can be made above 806rs with 740 as stop loss
tata chemicals is looking good for longs. If tomorrow stock sustains at 310 levels entry can be taken with stop loss of 300. with first target of 334. If levels of 335,340 are successfully broken ,we can get more quick upmove , since stock will be breaking out after 3 years . Also since chemical sector is buzzing rightnow ,i feel it will break levels of 335 successfully.
For two years the stock was trading in a range (as marked in the rectangle). Recently it gave a breakout of that range and also did a successful retest. Also good amount of buying volumes are also visible.So the stock looks good for longs. one can enter at cmp-612 . Stop loss-550 . with targets of around 800-810(based on resistance)
sbicards is showing a classical cup and handle pattern . At around 750 stock is showing good support ,also previous candle had a long downward wick (indicating heavy buying is being done as soon as price comes around 750). so entry can be taken at current price of 805 ,with sl of 749 and target is 1100+ (calculated as per the pattern).
