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Globus Spirits is appearing to be on the verge of a breakout after forming a nice base over the last several days/weeks. The recent spike in volume on the Green days and the price action forming HH/HL is adding credence to the possibility of a breakout on the upper side. The company is expected to announce their quarter results later today.. Conservative traders...

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BHEL is expected to announce it's quarter results today.. The stock opened gap down in the morning by over 10% and is still trading negative but the current close is much above the low of the day made. Should the results be favorable, the stock can fill the gap and give some nice move up. The low of the day tested the 50% Fib retracement level and has bounced off...

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Deepak Fertilizers is on the verge of breaking above the price level after a gap of about 3 years. The price has been forming a rounding bottom base formation in this period. Typically, breakouts from zones formed over 3+ years are expected to be explosive on the upside.

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After posting a spectacular upside rally, Nureca started consolidating sideways and is now forming a descending triangle. One needs to wait for a breakout / confirmation for the next course of Price Action before taking any trade.

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Tata Motors is forming a rounded bottom pattern attempting to breakout of a level respected over the last 3 years. It would be advisable to wait for the successful breakout and look to enter upon follow through.

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Gujarat Gas had posted a fantastic result and had a very good Price / Volume action yesterday. The stock had a follow through with strong Price volume action and the price made a decisive breach of the range that was respected the last several days (~ 3 months)

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BEPL has given a breakout of a Volatility Contraction Pattern that has been forming since the last 6 months.

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Tanla Platform is on the verge of a Breakout from a VCP that has been forming over the last 50+ trading days..

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Godrej Consumer Products gave a parabolic move after a senior management appointment.. The stock has since then retraced back to the previous resistance level and has now made, what appears like, a successful retest of the support and the pullback now appears to be complete.

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IOL CP fell below it's 200 days EMA and found support in the demand zone.. Currently, the stock is on the verge of a breakout of a VCP pattern that is coming off it's 200 days EMA. Generally, a breakout that is off the 200 days moving average is expected to be explosive and with quarter results due on 4th June, could also be expected to play a role in the rally.

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Stock is forming a nice VCP around it's ATH.. Volume is visibly dried out and the stock is forming a nice symmetrical triangle. Ideal candidate for a breakout but it's better to wait for the breakout to happen as the stock can breakout on either direction.

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BSE Ltd is on the verge of a BO of level last reached over 3.5 years. It's currently having very strong Price / Volume action and it's earnings report is due around the corner. If the momentum persists, the stock may give a good breakout.

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Mindtree is seen having a RSI bearish divergence with Price making a Higher High whereas RSI making lower high. Further follow up need to be assessed before any decision can be taken. If one is on a trade in this stock, it's time to be vigilant for any counter trend move.

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Grasim is on the verge of breaking of from a formation that can be considered as Double Bottom as well as a Cup & Handle. It's around the neckline if we consider it as C&H and the following on the last few green days is additional confirmation that this can give a good, successful breakout.

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Glenmark has been forming a Pole & Pennant formation. The volume has dried up since the Pole formed and with earnings expected soon, the stock can be considered to be in a nice Volatility Contraction Pattern.

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Stock is having a good VCP in the form of a Penant formation after having given a parabolic move, resulting in the formation of a bullish Pole & Penant formation. This is one of the stock with strong fundamentals too.

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IOL CP had fallen below 200 days moving average where it found a demand zone. The stock is now bouncing above 200 days Moving Average by way of a VCP. If the up coming results is good, the stock can give a good short term rally.

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Sonata Software has given a Breakout after forming a classic Volatility Contraction Pattern.