Granules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high. It is above all the major Moving Averages (20,50,100,200) A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback. Risky players...
DIVIS LAB made a strong close yesterday and has reached its all time high. The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss. Trade will be valid only on bullish 75CB and further price action confirmations. Here's the daily...
The CNX Pharma Index is aiming towards the 10,000 mark and Sunpharma seems good to reach 500+ levels soon. In 75min CB, the price was unable to close above its resistance. If the resistance is broken now, an upmove towards 490-495 can be seen. Above 490 ,the next resistance zone is around 504 level. A long trade will be initiated only if the resistance is...
ITC has given a breakout above 195 level and closed strongly on DCB. On monday,if the index trend is up, we can expect a move towards 205 level this week. Any correction in the price can bring it further down towards the upper line from where more quantities can be added upon price action confirmations. All validations given as per setup : Hourly chart : ...
Grasim broke out of its triangle pattern today and opened gap up. As of now,the stock is retracing back to its upper trendline and it can provide a good opportunity for a swing trade with 3%/5% targets depending on the RR. Trade will be initiated when pullback occurs. NSE:GRASIM
M&M has given a breakout from its triangle pattern and was 4.40% up after today's session. If there is a retracement back to the 415/420 level it could be a good oppurtunity to enter the trade. After the breakout the stock has potential to reach 449 level soon. - KEEP TARGET AND SL AS PER YOUR RR -THIS IS NOT A RECOMMENDATION AND TRADE AS PER YOUR OWN RISK. OTC:MAHMF
NSE:MCDOWELL_N United Spirits gave a strong breakout from its triangle pattern, and has given a 7% move. It is facing resistance at 610/612 levels. Stock might consolidate around these levels for sometime before making another upmove towards 650. NSE:MCDOWELL_N
CIPLA has been trading in a zone for the past 42 days. This might continue for some more days,but a big move is expected whenever is breakouts or breakdowns from this zone. Will trade with 1:3 RR NSE:CIPLA More chances of breakout are there as CNX Pharma is bullish and it might reach 10k levels soon. Keep a look out on pharma stocks especially : 1) Alembic...
Vaibhav Global has shown good relative strength in past few weeks. Now the stock is trading near an important resistance level and has given a good bullish close today. We can expect a further 5-8% move if there is a breakout from resistance. T1 will be 3% T2 will be around 1180 Will ride the trend later on if price goes above 1180 level and trail my SL using...
Aarti Drugs has been trading in the same zone for the past 5 years. It is on the verge of breaking out of its monthly resistance zone.If monthly candle closes above the resistance then I will go long with a 15-25% target view. Keep it in your watchlist. NSE:AARTIDRUGS
Bharti Airtel had given a good breakout recently and is now trading near its all time high. After retracement, there is possibility of movement above 612. Fundamentals of company look strong too. Disc - Holding it in my portfolio. Trade as per your RR NSE:BHARTIARTL
PEL gave a clear breakout from its triangle pattern and thereafter it came back to retest the trendline . It is facing resistance at 960 levels and a candle closing above those levels can result in a further strong move. Disc: Entered long on 21/05at 928 level. Exited 60% qty at 960. Holding rest quantity and trailing SL using ATR NSE:PEL
Dabur has fallen back to its support zone today. If price action confirmation is there then will take a long entry for a target of 452/460 Above 461 it looks bullish towards 475. Keep it on you watchlist. NSE:DABUR
NSE:APLLTD Alembic recently posted great Q4 results and the stock has been trading in a fixed zone since a lot of years. The stock however closed above the box for the first time and if anyone follows the Darvas Box strategy, it gives us a good signal to go long as the volume has also inm=creased considerably. I won't be getting into the fundamentals,if anyone...
Asian Paints looks good for a breakout. One can go long if it closes above the upper trendline. Remember,trade is valid only if candle closes above trendline. Keep SL and Target as per your RR. Always trade after determining your risks and don't forget position sizing. NSE:ASIANPAINT
Cadila is forming a bullish flag pattern in Daily chart.It can be bought for a positional trade when there is a breakout of the upper channel line. My target will be the R1 line as per the monthly CPR range. NSE:CADILAHC
NSE:MCX MCX can be bought after it breakouts from its trendline. It is forming a clear triangle pattern and seems bullish in near term.
NSE:SUNPHARMA Sunpharma can be a great shorting oppurtunity once it breaks down from its strong support level. Keep taregt/sl as per your risk to reward ratio. NSE:SUNPHARMA