The stock has been underperforming as compared to the stellar rally on the Indian market
The stock has broken out from its 52-week high price with a skyrocketed price and volume Immediate Stoploss can be placed below 194 for conservative traders , For aggressive traders, the stop loss can be below 178 with the momentum, the stock showing the target can be fixed for 270
Triveni Turbine Ltd. operates as a holding company. The firm engages in the operation, manufacture, and maintenance of steam turbines. It focuses on power generating equipment and solutions. the stock has broken out from a multi-year high with which the high has been made in the year 2017 and the breakout is backed with strong volume. with the price range, the...
Aditya Birla fashion retail showing bullishness above 233.45 which has been acting as a resistance zone for past months and the resistance level has been breached with above-average volume and MACD with a positive crossover The trade can be considered for the short to mid-term whereas the level 233 will act as a support stop loss can be considered below this...
GMR infra is showing a momentum build up in its price with huge volume and it had broken the 52 week high last week, with huge price increase showing the kind of momentum it had, on long to sort-term perspective it is a good pick, the immediate resistance will be 40, keep a strict risk-reward due to volatility a crash in the index can affect a huge profit...
MCDOWELL has breakout from a high price which has been reached 6 years ago in March 2015, after 2015 the stock has been in a bearish mode and the price has been ranging on a triangle pattern until august 16 where it breached the trendline and has been on an uptrend, last week it had broken the high price of 816.6 which it had made 6 years ago with a huge volume,...
From the breakout of march 31, The stock has been on a trending bullish phase, The bullish phase-in the whole economy can be a catalyst for its uptrend, however on last week huge volume have been witnessed with price skyrockating the level of momentum it shows a great pick for short to long term perspective, the primary resistance can be expected on the 1000 mark
ICICI LOMBARD has been consolidating in the range of 1622-1291 for the past year, however, it has breached its upper supply zone with a positive MACD crossover the stock is likely to change its mode to bull side, The security hasn't shown any above-average volume in the market, with two more days to end this week s trade with a sufficient volume change the sock...
AXIS BANK HAS BEEN CREATING A CUP AND HANDLE LIKE FORMATION A BREAKOUT WITH HIGH VOLUME THAN RESPECTVE WEEKS HAVE FORMED, AND IT IS ABOVE 200DMA IT CAN BE CONSIDER AS AN INDICATION OF FURTHER UPSIDE