trend breakout , one can buy n hold for 400 target cmp 349
its in intermediate uptrend ,chart suggest uptrend can continue till 580 , one cam buy with 525 sl for 580
it is quite significant that this stock has given a breakout successfully on monthly chart and opened a room till 130 levels. strategy should be enter in this stock in staggered way or accumulate in range of 90-96 for a bigger target of 130+ level. day traders can go long with 95 as sl
moving in an upward chaneel, consolidation from 3 weeks, seems we are near breakout. with 276 sl we might go long for 290, 298, 310 target and on.
it will lead nifty to new high , reliance is superbullish on daily weekly monthly and quarterly chart . one can buy at 1088 for 1200 level . sl 1050, remember simple funda to earn is analyse and follow just trend.. long trend and traingle breakout above 1085
all southern based company showed tremendous sales volume even in demonetisation , india cement one of them , fundamentally very strong, technically as u can see trend as well as volume both suggest a fast move till 200, hold with 165 sl
although it seems inverse head and shoulder but its not significant to me as one should not look for this pattern on daily chart, anyway what i can see is a trendline break as well as going to make its new high and start a new journey, suggestion is buy at 580 target 620 sl 570
TRENDLINE FROM 2008 LOW SHOWS A VERY IMP SUPPORT NEAR 1280 LEVEL. TREND SHOWS WE MIGHT SEE AGAIN A BOUNCE . TRADER CAN MAKE POSITION VICE VERSA .ONE CAN BUY WITH 1275 SL FOR 1373 AS FIRST TARGET 1450 AS SECOND TARGET. SHORT CAN BE TAKEN IN THIS STOCK ONCE IT BREAK 1280 LEVEL WITH SL OF 1300 FOR 1ST TARGET OF 1175..
it took support from important level. chart suggest breakout out of small triangle pattern on daily chart . target 1. 2776 cmp 2686 sl 2676