A stock to watch out for, it's currently undervalued compared to its peers, it can give a breakout in upcoming weeks. Strong results expected, considering the demand of health insurance and motor insurance parameters.
High volume seen in last 3 4 trading sessions, could hit 1400 levels and then 1600 levels, Good stock to watch out for in upcoming week..
Inverted Head n shoulder pattern visible in monthly chart, currently at support level of 600.
IEX, monopoly stock in energy trading. It's looking in accumulation phase Notice the high volume on daily chart which is preventing it from going below support level of 119. It has a resistance level of 130, if it beaks with high volume them it can go 152 levels and further 250 levels,
Fundamentally strong stock which has delivered strong eps growth, Currently undervalued as compared to intrinsic value which is around 2750, P/E 4.2, Strong momentum is there as well, good volume, first Target achieved, See other targets as well in the chart.
Resistance level 1200 Support level 800 It's supporting the current short term uptrend, but it will test it's resistance at 1200, possibility of breakout this time Because at fundamental level, it's undervalued at its peers, it's showing good eps growth quarterly, which can be seen in black line. If it doesn't break at 1200, then it may again test 800 levels
Inverted Head n shoulder can be seen on CDSL monthly chart, Support zone is around 1036, After that there is a strong chance of hitting 1600 levels,