iam_nithin

iam_nithin Updated 

If the resistance is broken we can see an up movement and there by creating new higher high for the stock in uptrend. Since this is an symmetric triangle there can be a chance for break down also, so trades should be taken only after closing above resistance with volume. Being a fundamentally good stock it can give good return but holding period might be...

iam_nithin

The stock has been consolidating in 530 to 498 range for long time. Yesterday it broke 530 and i am guessing we can see an upside movement. Also, if we zoom out, the chart looks similar to build up of ascending triangle in daily and weekly time frame. Trade looks good for short time duration. Stop loss can be put according to personal risk management. NB: This is...

iam_nithin Updated 

Being a Nifty Heavyweight, be careful since a correction is expected from a unrealistic bull run is ongoing in market now. Once it breaks high value and start run, trail SL properly

iam_nithin Updated 

Good consolidation near resistance , showing strength of buyers and also 20 DMA aligning with Trend line. Strict SL can be followed and later it can be trailed.

iam_nithin

The Triangle is broken along with resistance that tested multiple times and after consolidating for long time cipla can move up to create higher high. since current market is highly volatile and uncertain, and being a nifty stock it can take hit during a short time correction. so the either strict stop loss can be followed to avoid locking of capital or hold it...

iam_nithin Updated 

stocks seems to be consolidated, bullish and crossing above previous high means it can can go up

iam_nithin

Recently Delta Corp broke a longtime trend line and a channel breakout breakout happened from 120 range. And its ready for next run after forming a bullish flag. SL is strict. If tourism starts picking up it can have a good fundamental run for long time.

iam_nithin

Recently the ascending triangle pattern formed by CDSL is broken and the support is retested. Being on a bull run and fundamentally good stock , a continuation of the bull run can be expected. Holding time might be more and you can trail SL according to your risk management.