NSE:EXIDEIND Reason Being: 1. Formation of Triangle pattern and Upper Breakout with Volume Confirmation The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. Every Price Action Pattern after breakout provides some Target Range and according to Triangle: Target...
NSE:ABFRL Upper Breakout Reasons being: 1. Parallel channel Breakout in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume 4. Price Jumps twice above 100 shows presence of Heavy Buyers 5. Even with a negative earnings report it's share price rises more than 10% in 2 -3 days shows clear indication that people are accumulating it more and more with...
NSE:HDFC Reasons being: Diamond Bottom Formation What is Diamond Bottom? - The Diamond Bottom pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds...
NSE:ALEMBICLTD Reasons: 1. This stock has been in the sideways movement since last 6 years 2. Upper Channel Breakout 3. The same Breakout can be observed in RSI Trendline #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose....
NSE:BANKBARODA Long Bank of Baroda with a target of 50 and 65 for 25 to 30 day range SL around 35 Reasons being: 1. Expected Breakout in Long term trend line in Daily chart 2. Bullish Momentum divergence in OBV as Price is falling but OBV rises 3. Breakout in OBV trend line
NSE:SBILIFE Expected Upper Breakout Reasons being: 1. Expected Breakout in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume Long SBI Life for a target of 840 and 880 in 10 to 15 days. SL around 735
NSE:HEG Reasons being: 1. Expected Upper Breakout Near short-term resistance in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume in the last trading session 4. Expecting it to form Higher High Pattern in Daily Chart as it has closed above 952 from where price has seen a reversal Long for a short-term target of 1200 in 3 - 4 days with a stop loss...
NSE:MIDHANI Reasons being: 1. Upper Breakout in Near long term resistance 2. More than Daily Normal Volume in the last 3 trading sessions. 3. Breakout in OBV Long for a Target of 235 - 240 in 8 to 10 Days #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position....
NSE:HDFC Reasons being: 1. Bullish Flag Breakout 2. More than Daily Normal Volume in the last trading session and Today's first hour. Long for a Target of 2150 - 2170 in 2 to 3 Months #Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for...
NSE:HEXAWARE Reasons being: 1. Near Trend Line Breakout in Weekly chart 2. Breakout in OBV 3. More than Daily Normal Volume in the last trading session 4. Formation of Bullish Marabozu Candle in Weekly basis 5. Expecting it to form a Higher high pattern in Weekly basis Long for a Target of 360 in 20 to 25 Trading Sessions #Disclaimer: I'm not a SEBI...
NSE:PVR Reasons being: 1. Expected Breakout in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume 4. Opening of Economy and Malls in Unlock phase 1.0 Log with a Trget of 1100 and 1150 in 2-3 weeks
NSE:TECHM Expected Upper Breakout Reasons being: 1. Expected Breakout in Wedge Pattern line in Daily chart 2. Breakout in OBV Long Bank of Baroda with a target of 570 and 600 for 8 to 10 days. SL around 505
NSE:GODREJPROP There is Clear Cut Breakout in Price with volume Confirmation. Same breakout can also be cross checked in RSI Indicator. Long with a Target of 740 and SL should be placed around 650
NSE:BAJFINANCE Reasons being: 1. Expected Parallel channel Breakout in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume Long Bajaj Finance for a target of 2200 and 2350 in 2 to 3 Weeks
NSE:HINDUNILVR Clear Cut Breakout in Daily Chart and with Buy signal in MACD. Long with a target level of 2125 and 2200 SL would be around 2000.
NSE:GICRE Long GICRE with a target of 170 and 200 for 2 to 3 month range SL around 120 Reasons being: 1. Bullish Flag formation 2. Breakout in Flag with double the Volume 3. Buy Signal in MACD