The stock has cancelled a long correction of about 6 months in just 2 days. The stock looks very bullish, be a bit watchful as results are around the corner for this one. Looks good for short term if rally is held this week. Keep a stop loss at 2370. Go Long.
Nykaa is forming a small triangle, trade in the direction of breakout. Triangles are neutral chart patterns and hence, should be traded only after a breakout in either direction. Lines are marked for better understanding of the structure.
Bajaj Finance might move on the back of Bajaj Finserev Split news. This can be a good time to accumulate the share. Pure investment pick in the NBFC space.
Cummins India is one chart that one should look to accumulate after the recent breakout. I have marked a stop loss in this chart for traders. Looks very good for the medium term.
Page Industries looks very strong on charts and a breakout looks inevitable. Best to keep it on watchlist and buy as it zooms past the current levels. The resistance line will then act as a support.
Chennai Petro declared bumper results and i feel we can see a rub off effect on hpcl for the same. it can really rally from these levels.
Kotak Mahindra bank is at its support levels that should hold. One can buy for the medium term as it looks like a low risk, high reward bet.
VST tillers looks poised to give a triangle breakout. This stock is a bit illiquid and hence, trading in this is not the easiest but we can expect big candles and gains of upto 20% in a matter of weeks.
MRF has come to a resistance level and can show short term downside here, however, any dip should be a reason to buy into this stock as the sector remains in an uptrend.
Sanofi India has been hammered by the market and now looks like it is at its bottom. These levels might hold and one can look to accumulate the share for the long term at current levels.
Tata Elxsi is in a beautiful triangle formation. Trade it the side it gives a breakout as triangles are essentially neutral pattern. However, looking at the chart structure, I have a positive bias in Tata Elxsi. Hence, the chart is labelled as long.
ICICI bank has created a beautiful triangle and while it broke down for a few days, it has reclaimed the triangle formation and looks set to give a positive breakout. Keep this stock on your radar and expect a new all time high. I do believe that bank nifty and other big private banks should move soon and give good returns.
Linde India has taken a brilliant a t support at important levels with 200 EMA around the corner. Best to keep it on your watchlist for future trades.
Good levels to accumulate Vinati Organics. Vinati is a dominant chemical company in its field and has braced this fall well. Hence, one can look to accumulate this stock at these levels.
TCS is at very good levels for buying for the long term.
Another stock which is at a beautiful zone for accumulation. Buy at these levels so that you can get an opportunity to double your money in the next 3 years.
It is time to accumulate the big daddy of banks. These levels are good to buy into this business.
Lupin looks really undervalued at these levels. Accumulate Lupin now and it should double in the next 3 years.