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.
Deepak Nitrate appears to be making a breakout from a symmetrical triangle formation. Conservative traders may wait for the day close above the trendline before planning entry.
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.
Fairchem appears to have completed it's pullback and is currently in a good entry level offering attractive Risk Reward. Entry can be above the high of today, with proper risk management.
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...
BEL has given a breakout after a period of 3 and half years of forming a base. This comes on the back of a strong results declared yesterday.
Aptech seem to be placed well with successful retest of the breakout. Can give a good RR entry at around the current price.
Dixon is breaking out of a Volatility Contraction Pattern formed over the last 50 trading sessions.
After forming a rounding base, Somany Ceramics is now forming a text book pullback pattern with price consolidating in a narrow range above the base. The resistance turned support line has not been violated during this period of consolidation and volume is drying up, just like how it dried up during the base formation. The company is likely to announce it's...
JK Tyre has given a breakout after forming a base for over ~5 / 6 months. The stock is testing levels after about 3 years. If today's low holds above the breakout level, fresh entry can be considered above the high of the today's candle (Confirmation Candle).
Coromandel is on the verge of breaking out of a range formed over the last year. If you observe on the daily chart, the green days have healthier volume than the Red days. If you plan to take a trade, please wait for a close above the trendline and then enter following your risk management rules and procedures.
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.
EaseMyTrip is nicely placed for resuming it's upward rally with a successful retest of the breakout.
Birlacorp is forming a Pole & Pennant Bullish pattern. A break above the formation may get the price to go to an ATH range.
The Ramco Cements is attempting to breakout of a range formed over the last ~5 months. The stock breached the Supply Zone today and closed around the Supply zone. If it breaks above the level tomorrow and holds, can give a good upmove as it is nearer to it's ATH.
Cyient Technology has given a breakout after a brief period of consolidation.