Hi,
TATACONSUMERS in weekly chart have given breakout in volume. Volume is good higher than weekly moving average.
Basis the trendline it has broke and tested at 700 levels.
Any breakout in price action above 778 shall take it to 900 in short term.
Please note this is based on my analysis kindly do your analysis and take advice from your SEBI registered advisor...
Based on the recent corrections Hindalco shall be testing 398 level. It's 200 DMA is at 402.
If it can sustain above 402. we can expect 450 as short term target and 525 target as long term.
Please check with your SEBI registered adviser before investing.
Happy investing.
GAIL has formed a cup and handle formation in daily chart.
Clear resistance at 145.90 and any breakout from this level shall test again 171 in short term.
Excellent support at 146.90 since it is the 200 DMA.
Please take advice from your SEBI registered advisor before taking any decisions.
Gail on 24-Nov-2021 opened with gap -up and broke the R4 of the day.
The uptrend continued, however with strong resistance at 143.20 and support at 140.00
Hence the range of the stock is between 143.20 and 140.00. With this strategy if would have done entry at 141 would have got 2 rupees profit with stop loss at 140.
ELGIEQUIPMENTS WITH Stellar Performance for quarter ending had opened up with huge volume on 09-Nov-21.
Based on long term analysis it has near term target of 240.
STOP LOSS 198.
Auropharma has taken support at 677 on the weekly & daily chart. It also had formed a inverted cup and handle formation.
This indicates near term downtrend if it breaks the support at 677.
