Nureca is a stock that had a fantastic run of hitting continuous 5% UC soon after it got listed last year. Since then, the stock has been consolidating and now is forming a base above the 50% level of the trading range in which the stock is currently in. The company is expected to announce their quarterly results over the weekend. Conservative investors can take a...
ICICI Bank has been consolidating for a while and then it's on the verge of an All Time High breakout. The last Friday candle is on above average volume and is respecting the trendline. The quarter results released is fantastic and hence this stock has very high probability for a good breakout trade on Monday.
Jubilant Ingrevia is a recently listed company (Demerged from Jubilant Life Sciences) that has given a breakout from a base. It has given similar breakouts in the past since its listing in March. The results that came earlier this week has received a good response in the market.
After having made a spectacular rally, Globus Spirits has retraced now upto 50% fib. retracement level. The Price Volume action at this level indicates a high probability for the upmove to resume at this level. SL can be below the 61.8% level while profit target can be initially at 100% and subsequently, beyond that, as it will be in "Blue sky zone".
Praj Industries is forming a nice VCP at around it's 21 EMA. This consolidation has been happening nearly over the last one and half month. A breakout from this level can be explosive. Fundamentally, it's a very good stock. Keep an eye for the breakout and can plan the trade accordingly.
DVL has given a Strong up move in a similar fashion as how it has done in the recent past as well. The structure of the price movement in this stock indicates there is a good chance for a decent gain in the near term.
Vinati Organics has once again given a breakout of a downward channel. This is a behavior this stock has done in the past as well. The fundamentals of the stock is very strong and so can be a good one to hold positionally.
Privi Speciality has given a breakout on very strong volume. One should look for some retracement for any fresh entry as the breakout bar is a very strong upmove and at the current level, the Risk Reward may not be favorable.
LG Brothers had posted a stellar results that reflected with a parabolic move in the stock. Subsequently, the price is now on retracement and currently it looks like the retracement is nearly complete and the stock is now ready to move up. Keep a close watch on the PA and then can time your entry appropriately at the price level of great value.
Tips India stock has been having a stellar run. At the moment, the stock is having a negative RSI Divergence at around severely overbought zone. This may result in some cooling off in the rally and that can be a good opportunity to take a position in this stock. Fundamentally, very strong stock.
The next few days price action will tell us if this divergence had...
Dhampur Sugar is putting up a double bottom formation on the monthly chart.. Currently the price is at around the neckline. The PA on the lower timeframe can be observed for decisions around Trade Initiation.
An Inverted Head & Shoulder chart pattern is observed on the weekly timeframe on IFB Agro.. The stock has given a strong close for this week, on healthy volume, adding further probability to the rally.