SELAN is in the formation of Bottoming process. It has given breakout of long term resistance of 200. Now once it crosses minor resistance of 242 level expect it to zoom.
Buy above 242 with a Stop loss of 220
Kiri Industries looks to have completed its correction and resuming the primary trend i.e. UP. It is breaking a downward trend line on the daily chart. RSI bouncing from the oversold area.
Buy with a Target of 575 and 590
Dhanuka Agri is under process of Forming a Rounding Bottom. It has also break IMP resistance level. It has also given Kumo breakout.
It will be also beneficiary of any positive move in Budget to rural economy.
Buy with a Target of 845 and 910.
The stock has given a positive breakout of the major resistance level of 3308, and has closed with the positive momentum above 20,50,100 and 200 Day moving averages. Stock has also given positive tenken keijen crossover along with the Chickoo cross.
Expect stock to Rally in the coming weeks.
The stock has given a positive break out and is heading towards 134 and 155 levels in the long run. Once these levels are taken out it can the life time highs of 250 also. Stock is under process of forming a rounding bottoms on the long term charts.
Stock has moved from 370 to 600 levels, had a consolidation for few days in the range of 580-610. Currently the stock is showing signs of starting a new uptrend with Heiken being positive along with all other indicators such teinken kejun corssover and kumo breakout.
It is expected that Goods and Service Tax counsil will decide on the tax rate and the stock can ...
NIFTY has turned bearish in the last week, the Smooth Heiken has turn red, along with this there has been a tenken and keiju bearish crossover along with this the future Kumo has turned bearish so as chikoo. The price action on the chart has also going as per the downward channel.