drupadk

drupadk

Sanghi Industries closed at 18 month weekly high and in doing so, gave its highest post crash weekly close as well. The stock managed to close above the 47.65-48 level which was a very prominent weekly resistance currently and which was a strong support back in 2019 . Like many other stocks, Sanghi has moved up in a well defined rising channel post the 2020...

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Since the beginning of the upmove in April 2020, the JMC Projects stock has moved up in a clear rising channel. Since December 2020, the stock has been sideways to down and has stagnated pricewise between 65-85. This price stagnation can be clearly seen on the chart in the form of a red coloured trendline labelled "Resistance Tl". With this week's close the...

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Since the beginning of the latest upmove in MMTC from Nov 2020, the stock has been well supported by a rising trendline on the weekly chart (blue coloured diagonal trendline labelled as "support trendline" on the chart). MMTC made a weekly closing high of 47.1 in early March 2021 and since then, the stock has been sideways to down and has consolidated in the...

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Since its listing, the IIFL Securities stock price has generally been capped at around 55-56 on the weekly chart with intra week highs around 60-65. After 3 failed attempts to break the 55-56 price level on a weekly basis, the stock finally broke through and closed at an all time weekly high of 64.35. Given that this breakout has come after more than a year of...

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TN Petro has broken out of its 9 month old congestion trendline. the stock had broken out of the same trendline a few weeks back but broken down below it immediately and had restested and taken support at the previous resistance of 45.5. Since then, the stock has once again breached the 9 month old resistance trendline to the upside and closed above it both on a...

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The stock has given a weekly close above 16 (blue horizontal line) for the first time after over 20 months. The stock is also on course to breakout above the resistance trendline (red trendline) which is over 2 years old. The move is accompanied by decent volumes and should most likely lead to higher prices in the short to medium term Buy Dhanlaxmi Bank with...

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Thomas has broken out of its 3 month range with reasonably high volumes. As shown in the chart, the stock has closed above 50 after over 2 months of consolidation between 40-50. The stock will probably target its recent early december high at 58 in the short term with any weekly move beyond the 58-61 area leading to its pre crash december 2019 levels of 70. The...

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Db Corp has broken out of its post crash consolidation by clearly crossing the resistence line at 89 with fairly high volumes. As long as the stock stays above 90, we can expect higher levels in the short term. The 50 % Fibonacci price retracement level comes to 102 odd. This matches a short term price resistance level on the chart at 104. Otoh, the 78.6 %...

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Sasken tech has given the highest post crash weekly closing high this friday. It surpassed the earlier weekly closing high of 727.45 that it made in october to close at 744 this weekend thereby displaying a clear breakout. the first resistance for this move is the april 2019 weekly closing of 764...once surpassed sasken can comfortably head to our target of rs...

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short term breakout in KPIT Technologies stock has made a fresh 6 week high with decent volumes on the daily chart. it has also broken out of its recent sideways consolidation as the chart shows initiating a trading buy in KPIT Tech with SL = 106 (weekly closing) Initial Target = 126

drupadk

The stock closed at a 6 month weekly closing high with above average volumes and is now touching the resistance trend line. It would make sense to initiate a long here with a DCB stop loss of 85.5 (check daily chart to see the stop loss level). The first target is the near term resistance of 97 odd but a more sensible medium term target would be 119-120.

drupadk

the stock broke out of a 3 month consolidation between 50-70 a few days back. it proceeded to pull back and is now showing strength again One could enter long at CMP with a DCB stoploss of 64 for possible targets of 80 (recent high) and 90 (medium term high)

drupadk

stock has closed at a multi month closing high and can head higher next week. can head target the multiple tops around 64

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MAHABANK weekly chart showing possible breakout and targets with stoploss