Potential breakout pattern in M&M, also guided by expected improvement in autosales and higher delivery percentage which has only been increasing on weekly and daily basis. Further the stock is expected to find support above 750 (its 200 day moving average).
Strong fundamental and technicals support a potential breakout in the stock. Also supportive are good delivery volumes for the last month and week at 50%.
Infosys has broken the resistance at top. Only higher highs are to be expected now. This is further confirmed by significant volumes and increasing delivery percentage of the stock.Option open interest changes are also supportive of the bullish view. More new Call options seem to be written at the 1700 mark, and the new Put options at 1600 mark.
With ~21 lakh...
Break Out pattern observed in TCS, along with the following fundamental supports:
Large delivery volumes for the past month, which has only been increasing on a weekly basis
Expected great returns from the IT industry, and the earnings are expected to be announced on Jul 8
Higher proportion of Puts written and Significant number of Puts being written close...
Coromandel International stock seems to be breaking out. Expected higher fertiliser sales in June, combined with its market leadership in this industry, can expect the share price to be pushed higher.
