Beautiful Cup & handle Pattern and breakout in Indian Bank. Entry near 195 (Retest Zone) and fist target comes to 292. The stock is had also started making HH-HL formation. SL - Weekly Closing below 173. Favorable RR.
Massive ATH breakout. Also a breakout of a high that was created in 2015. Would like to wait for October's closing above the horizontal trendline. As of now, RSI is quite heated. Would personally enter when price retests the trendline in following candles. Garment industry has been one of the beneficiary of the PLI scheme, this also happens to be the key trigger...
An all time high breakout above the horizontal trendline on the back of volumes. Currently the stock is in buying zone. Can be bought around 1900. Once it takes out the rising trendline, it will double in no time. SL should be placed at monthly closing below the BO candle i.e. below 1566. Minimum target - 2x. Favorable RR.
If price sustains below the horizontal trendline, we might see the rising breakout trendline being tested and that would make a good opportunity for entering or even averaging. Recent results shows that the business from America has grown. The fall was uncalled for. Long term target - 700+ ; SL - Monthly closing below - 320 or below the rising trendline.
Chart is looking beautiful. We require monthly closing (October, 2022) above 133 and then sky is the limit. Will certainly outperform most of the stocks. Target is open, though we may see resistance at the trendline above. We will place stop loss below the second last candle's low i.e. 109 on monthly closing basis. Favorable risk reward trade but wait for the said levels.