Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels. Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term. Mutual funds raised their stakes recently. Quarterly results are...
SAIL is at 14 years resistance level. Volumes, RSI on monthly and weekly charts look very promising. A possible breakout on the cards! Overall, metal sector looks well set for a rally in the next 1-2 years which makes SAIL a safe bet. Keep a close watch and go LONG if it breaks out!
Bank Of Baroda at a crucial resistance level of 14 years. If it breaks out, then we are looking at huge upside. Alternatively, if it reverses from this point, then can be a good shorting opportunity for a swing trade. My personal view is that a breakout is on the cards as monthly, weekly and daily RSI are all pointing towards that with good volumes. Only...
Highly Bullish: - On 9 years timeline, its forming Head & Shoulders pattern with strong RSI waiting for a breakout. - On 3 years timeline, it has formed a Cup & Handle pattern with a clear breakout, now at the 9 years resistance level. Can expect massive rally if the price breaks out of the resistance level. Can BUY at 770 levels for minimum 40-50%...
JM Financial looks very solid on charts. Made double bottom on Monthly charts, now at crucial resistance level. Massive volumes with strong RSI. Can be a good BUY opportunity above 115 levels for 50% returns in short to mid term. Fundamentally very strong stock with both MF and FII raising their stakes.
CMP of Asian Paints is at 2 very strong support levels: Yellow Line - 3 Years support level Green Line - 8 Years support level Also, RSI (Monthly timeframe) of Asian Paints in last 9 years has always bounced back from ~50 levels. Current RSI can be assumed to be at its minimum level. So very good BUY opportunity for 10% gains in short term from current levels.