Reliance Industries has been consolidating since few months it has given fresh breakout from resistance trend line. Stock may r may not consolidate here for few days. Any upward momentum from here can give initial target of ATH, second target of 3100 and may be more than that. NSE:RELIANCE
From April 2020 stock has been in uptrend and it has been supported by increase in steel price due to steel commodity super cycle. Since May month stock has been consolidating in a channel and Forming Flag, Currently stock has given fresh breakout from a channel. at current level if stock consolidates for few days above upper level of channel then it would be...
From April 2020 Tata Steel has been in a uptrend stock. Since few months stock has been correcting and making lower highs and lower lows and current price action shows breakout and retesting of correction. Tata steel may or may not consolidate at current levels for 2-3 days and any upper momentum will confirm it's upward journey. NSE:TATASTEEL
In the month of August 2021 NSE:MCDOWELL_N Gave Multi year breakout after that it broke ATH on 23 September 2021 and stock continued its upward journey. After that stock has retested its ATH on 7th March 2022 and bounced back toward its original trend. Currently stock has given breakout of consolidation created by retesting of ATH. One can create very good long...
Since March 2021 IIFL finance has been consolidating in its daily timeframe. In the last week of December it had touched 200 ema and bounced back, showing that stock has completed its correction in daily timeframe and also it has contracted all the moving averages. Stock is ready to give fresh breakout if stock fails to give breakout than price action may move...
