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LT has been moving in a channel since Jan 16. It touched the support line of the channel in the 1st half of this month & bounced off sharply from the lows around 1230. The stock now looks to be going to at least to 1475 in coming weeks & if manages to cross 1490, can go to 1560.
DMART has been outperforming stock since its listing last year. The stock has risen more than 2.5 times in less than one & half year. Lately the stock has been consolidating in a triangular pattern for last two months. It looks to be breaking out of the triangle on the up side. Down trending resistance line looks to be passing around 1600. So the stock can be ...
Petronet has been in corrective phase for last 9 months. After posting an all time high of 275 in Nov' 17, the stock has corrected almost 25% in last 9 months. Last month the stock formed a perfect Doji Star on monthly chart. This month it is likely to close above last month close which will result in Bullish Engulfing candlestick pattern. Also the stock is ...
Escorts has been moving in a rising channel for last one year. Recently it touched the support line of the channel around 830 & bounced off. The stock now looks to be heading towards channel resistance. Close above recent significant high of 921 can give additional booster to the view. So we recommend going long in the stock for the target of 1090 with a stop ...
AAPL is consolidating around 190 mark for last few trading sessions showing good strength to move further up. Now the stock is trading on the medium term rising trend line. It looks like the stock is ready to move upwards towards multiple resistance zone around 201.
HDFC Life has been consolidating in the range of 450 on the lower side & 480 on the upper side for last one month. But the Friday move above 485 gave the stock a strong weekly close. Also if we take a look at the weekly chart, we can see that the stock has taken support 21 week MA. So it looks like the stock can go towards channel resistance around 580 in coming ...
M&M has been the outperforming stock in the nifty 50 pack. It has participated in every rally of the index. For last 45 days the stock is consolidating in a range. Now it seems to be breaking out of the range. One can go long in the stock for targets of 1010 with sl 879.
Apollotyre has been rising steadily taking support & resistance around 21 period Bollinger Band top & bottom. Recently the stock took support around 250 near BB bottom. It looks strong to move near BB top around 308.
Axis bank is on the verge of triangular breakout on the monthly chart. If the stock gives a close above 630 on monthly chart it is a very good pick for investment with targets of 770 & 950.
If closes above 830 today, confirms close above 21 DMA Which could take the stock to channel resistance around 1510
Sunphsrma has been the leader of the falling pharma sector for last 30 months or so. The stock is falling since making an all time high in April 2015. Now the stock looks like bottomed out with a low around 460 in the month of September. The stock is trading above 21 WMA. It seems to have made a higher bottom last week around 21 WMA near 500. 14 period MFI is ...
Sail surged more than 50% in the span of 25 trading sessions. The stock retraced 38.2% of the previous rise during last 8 trading sessions. Now it looks like it'll resume its upmove towards 92 & then towards 100. The stock rose with strong volumes during upmove & corrected with declining volumes. So volume theory also supports the view. So long positions can be ...
Petronet looks to have taken support around 208. Go long in the stock around 213 with sl below 207.5 targetting 225