Technical analysis -
1. Stock is in a continuous up trend
2. Crossed the pre covid highs (2100) in Feb 2021
3. Stock made a rounding bottom formation after crossing pre covid highs, which denotes continuation of uptrend
4. New high 3060 came post rounding bottom formation breakout
1. Stock is in retracement mode
2. Rounding bottom breakout becomes the...
Technical summary -
1. Stock was in a long term downtrend
from 2017 highs of 320
2. Higher high and higher lows formation
that indicates trend reversal
3. Rounding bottom pattern was clearly
visible in weekly chart followed by a
breakout with big volumes
4. Last time when similar volumes were
seen then stock made a big rally from
100 to 320 in a very short...
Bajaj consumer -
CMP - 295
1. Cup and handle pattern. Breakout
2. Accumulation happening, clearly
visible with volume increase.
Trade - Bullish trade
Buy at CMP for following targets -
1. Short term - 355, 391
2. Long term - 445, 498. Long time horizon, 1 year
3. SL - closing below 260.
Oberoi reality -
CMP - 622
Technical details -
1. Stock gave a breakout above 642/43
and started trading in uncharted territory.
2. Made an inverse head and shoulder
before this breakout.
3. Rounding bottom pattern is visible on
4. Breakout post this rounding bottom,
stock was trading in uncharted territory, followed by a...
Tata chemicals - bullish pole and flag pattern
and triangle pattern breakout is happening
with a possibility of higher high that shows
that correction is over.
Bullish trade for targets 787 and 820
One can keep SL as 690, it will invalidate
higher low pattern.