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Jindal Saw has closed at a new post crash weekly closing high of 122.35 after a 4 week consolidation which saw the price range between 99-119. The stock is currently moving up in a channel as clearly seen in the chart. Additionally, a long term resistance trendline connecting all the major tops between 2008-2021 lies overhead. This trendline currently acts as a...

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BSE listed sometime in 2017. It made a high of 1000 odd in July 2017 and entered a downtrend with the rest of the market. This down move ended with the stock making a low of 266 in March 2020 following which the stock showed a trend reversal and started moving up. However, as we can clearly see on the chart, the stock has made a powerful inverse H&S pattern over...

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As the chart shows RK Forging has cleared 4 month old resistance at 615 this week. The breakout happened middle of last week and the stock managed to hold above the resistance level of 615 and closed at 647 this Friday with very high volumes. One can go long in this stock with possible targets at 705 and 850 both of which are important levels for this stock from...

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After a failed breakout above the short term resistance trendline ( blue coloured "Resistance TL" on the chart) in mid May, the India Cements stock has moved above the prior resistance trendline once again this week. The last breakout attempt failed at the long term resistance trendline (red coloured TL on the chart) which is a 13 year old trendline and a break...

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HDFC Life broke out of a 6 month old downtrend (red coloured resistance trendline on chart) with decent volumes. It has also closed at a 3 month weekly closing high. The stock will move higher eventually even if the move is slightly volatile. Resistance/Target : 720-725 is a recent top and our primary resistance. Once it is taken out, the stock will target the 3...

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Khadim India closed at a 17 month weekly high of 196. The stock managed to close above its strong weekly resistance level of 177 with strong volumes. The stock can be bought at CMP and can be added on declines to 185. Target : 2019 price levels of 230 and 280 (dotted redlines on the chart) make for decent short to medium term targets. Stop Loss : Longs can be...

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SKF India closed at an all time weekly high of 2549.05 this Friday. It has also managed to break out of a 4 year old rising channel (clearly marked on the chart). Both events represent strong upside momentum and make SKF India a great medium to long term buy at this price Target : Fibonacci projection gives us targets of 2770 (1.618) and 3780 (2.618) and...

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Arvind Ltd closed at a post crash weekly closing high of 85.35. It also managed to close above the 200 WMA (forest green colored indicator on the chart) for the first time since 24th September 2018. One can go long at CMP and buy on declines as well. TGT: 97-115 SL : 78 WCB

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Selan Exploration closed at a post crash weekly closing high of 154. In doing so, it broke and closed above a 30 month old weekly resistance trendline on the chart. It also closed above the 200 WMA (dark green colored line on the chart) for the first time since 2019. The stock should continue higher in the short to medium term. One can go long at CMP and add more...

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BEPL broke out of its 5 month long sideways move to close at a fresh post crash weekly and daily closing high of 185.65. Overhead resistance of 210 (2018 all time high) is very important and the stock may take some more time to break through this level. However once this resistance is taken out on a weekly basis the stock enters uncharted territory (ATH) and can...

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Aptech has closed at multi year weekly closing high of 236. The stock can move much higher immediately or can consolidate for some more time before moving up further. In any case, Aptech is a great short to medium term buy at this level. Stop Loss: 225 WCB Targets : 292-343 (2018 price levels). The resistance trendline (red TL on the chart) will also act as a...

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HBL Power made a post crash monthly closing high of 41.10 in December 2020. Since then the stock has been range bound for almost 5 months and has moved in a 10 Rs range between 33-43. Not only did the stock close at a fresh post crash monthly high of 46+ today but it also gave the highest monthly closing since April 2018 with very good volumes. One can go long...

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Himatseide has been range bound for almost 6 months with the weekly upside capped at 160-163. The stock has managed to breakout of this range for the first time this Friday with very high volumes. The stock has also given its highest weekly closing since June 2019. There is similar congestion in the monthly chart with the stock not being able to cross 160 on a...

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SIYSIL had been rangebound since end December 2020. The stock broke out with a runaway gap this Friday to close well above the recent weekly resistance level of 216. This breakout is supported by fairly high volumes and the up move will probably continue going forward. Since the bottom in early 2020, the stock has moved up in a clear rising channel as shown in...

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BGR energy broke out of a 10 month long consolidation/sideways move and closed at a fresh weekly closing high. This is its highest weekly closing since June 2019. The chart also shows a clear symmetrical triangle breakout this week. The move is supported by decent volumes and will most likely hold up going forward. The obvious target for BGR energy is the 65-66...

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Mcleod Russel peaked at around 250 levels in December 2017. Post the 2018 peak, Mcleod's stock price collapsed and made a low of only 1.85 in march 2020. Since then, the stock saw a clear trend reversal and has moved up with the rest of the market peaking at 27.5 in late August 2020. for the last 8 months, the Mcleod Russel stock has largely been range bound and...

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3I infotech closed at a 5+ year weekly closing high this Friday and breached a 5 month old resistance trendline while doing so (red tl on the chart). This breakout has come on the back of high volumes and it will most likely sustain and the stock will move higher in the short to medium term. The three blue horizontal lines shown on the chart represent important...

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Trident made a high of 16.95 in the week ended 4th Jan 2021. Since then, the stock has consolidated for many months between 13.50-16. This consolidation/down move is represented by the red trendline on the chart labelled "short term resistance tl" Friday's close brings the stock on the cusp of a break out above the above mentioned trendline. Once the stock clears...