Sun TV is breaking a consolidation of 02 Years ( Since June 2019) on Weekly Chart Basis. It has completed Inverse Head & Shoulder Pattern on Weekly Chart. It has sustained the above the Base line of 569 this week. The pattern is very Bullish, Keep it for 02-03 months for targets above 650.
Motherson Sumi is preparing itself for next big move, There is a minor hurdle at 250, once it cross it will move towards 270 which is its past high. Beautiful "W" pattern is under preparation and RSI is at 58. Keep an eye and whole auto sector is getting ready for next big move. Motherson Sumi is one of the biggest exporter in this category, so keep and open eye
Deepak Nitrtie is moving in the channel and is taking a perfect support at 1950. It will move upward now to move above 2020 in next 5 days. It has already tried twice and this will be third attempt. It should break this time. once broken, it will move to 2050 as momentum will be high. Keep an eye.
CADILA is getting ready for lunch, Keep an eye. There vaccine for COVID -19 for 12-18 years is under review by expert committee and soon govt will take decision. Once approved, it will be only vaccine for 12-18 years. There is a resistance at 650 which it has to break. Once it breaks 650, it will move towards 700. RSI is poised above 60 and "W" pattern is getting...
Keep an Eye on Escorts, Huge Consolidataion is going on for quite some time and stock is stuck in narrow range, it can break anytime before the 1st Quarter result. Keep ready for 50 to 100 rupees move.
Keep close eye on Reliance, It is beautifully poised for an upward move. Reliance may tocuh a slight dip of 2100 and will jump again first towards 2150 and then 2200. Quarterly result is awaited on 23rd and news is there that Reliance has acquired Just Dial. A "W" pattern has finished on the chart and RSI is above 60.
Keep an eye.
ICICI Bank is at very Critical Levels of 649, Call Unwinding has been observed on Friday (25/06) at 630,640 & 650 (refer Option Chain on NSE), however, still the Call writers are available in big quantities from 630-660. f these Call writers exit, the stock will move toward 700 soon. Stock has made Inverse head and shoulder on the chart and will retest, but, enter...
SBI has Broken the resistance line and started to move upward. It is taking support everything on the trend line. May close out of the Darvas Box soon and reach 850 soon. If it Breaks Darvas Box, it will start its journey towards 500. Recent money received from sale of Shares of Vijay Mallaya will add to its kitty and reduce NPA exposure. Future appears bright for...
L&T Finance should come close to 100 this month, 5 Rs decent target. View before this year end approx 125- 130 which is a good 30% rise expected from Current position. RSI & MACD is very cleanly showing upper trend. Keep an eye.
Jubilant Ingrevia - Stock is Trading at bottom of Darvas Box, MACD and RSI showing upward movement, No major volume in downtrend ( Just to fish out weak hands). As soon as it breaks the trendline, it will shoot up.