Niittech was running in channel since several months.In between made all time high after 10 years & now after consildation have breakout from the channel with noteable volumes.Now the target will be the upper trendline of upper channel.Vaild till middle trendline holds.If all goes right target comes around 2100-2200 & more.
Greaves cotton has been sideways between 113-145 since 8-9 months.A close above trendline i.e. 149-150 should be watched.Again monthly MACD is in sell at present watch if it gets into buy on 31-07-2018.If MACD gets into buy mode it could be big trigger & stock could go new lifetime high & start bull run.
After making all time high of 696 niittech corected to 605 & then gave a breakout from the flag pattern .Size of the pole is 235 so the tgt will be 875.Keep the low of the flag as stoploss i.e. 605. Will Niittech reach the tgt or hit the stoploss.Let's see.............
After making all time high of 138 kcp corrected to 93 lvl.After consolidation of 3-4 moths the paatern it made looks like head & shouldier.Any closes above neckline price action should be closely watched.
Midcap greavescotton after making lifetime high in feb-march 2017 of 178 has been in correction since 7-8 months.On mahurat trading day pattern looks like breakout of falling wedge.Again this bounce has come from 200WEMA which makes its credible.MACD on weekly charts is oversold so this can be best opportunity for entering this script.Last 3 years strong support...
Buy at channel support & keep stoploss of linebreak of channel support on weekly closing basis or closing below 94.8 on weekly basis. Will update target afterwards.
Monthly chart of FSL price at lower trendline support.Stock can be bought keeping longer lerm view.May Consolidate here for some more time & could breaout thereafter.Last 3 year range 30-50. So one can expect to test 50 if 30 not broken.& then if 50-54 broken Stock may test upper trendline of the channel.It is buy & hold stock.Stoploss of 30 can do.
Mircele has given a breakout on weekly chart out of triangle.Ready for upmove with 1st target of 30-31.
It is intresting watch out as if it give close around same levl on 31st july a monthly MACd buy will be triggerred.
On monthly chart there is a trendline form levels of 80 in year 2000 will be broken once it start trading abv 20.
52wk high 22.55 will be first...
