scorpiomanoj

scorpiomanoj

Pfizer India CMP 2204 Target 2500 plus Stop 1950 1) Rounded bottom formation complete. 2) Series of Higher highs and higher lows helped the stock to break past 2050 resistance levels, potentially towards 2500 plus.

scorpiomanoj

Tech Mahindra CMP 603 Target 750 Stop 505. 1) Moved past 2 plus years resistance with above average volumes. 2) Facing a mild resistance at 670 which should not be a bottleneck. 3) Broad based reverse H & S pattern seen, which is a positive sign. 4) 30/200 EMA crossover .

scorpiomanoj

LTTS CMP 1212. Target 1500 plus Stop 1050. 1) Double bottom breakout at 1150 with good volume. 2) Price bouncing back on a nice trend line. 3) Price might retest the support line or close to support line 1150-1175. 4) Aggressive investors can enter at cmp; but should be willing to face the retracement just in case it happens. 5) Conservative investors can invest...

scorpiomanoj

Reliance Industries CMP 972 Weekly chart. Target 1035 Stop 950. 1) Has been in a calculated upmove + retracement right from its base of 525. 2) Upmoves has been 35%, 25%,21% 3) In that series, a possible upmove of 19% from the swing low of 870 is expected, which works out to be 1035.

scorpiomanoj

Zensar Technologies CMP 936 Target 1035 / 1130 Stop 800 Weekly. 1) 200 ema has provided a solid support for the stock. 2) Stock has pierced past the downward sloping resistance line with above average volumes. 3) In that process stock has surpassed 30 week ema which has been a crucial support or resistance for the stock historically for a significant period of...

scorpiomanoj

ICICI PRULIFE CMP 430. Weekly chart Target 500 plus Stop 380 Stock has cleared past 30 week ema with good volumes. Stock also has cleared past downward sloping resistance line. Stock is in the early stages of formation of cup pattern.

scorpiomanoj

Larsen and Toubro Monthly chart CMP 1372 Target 1600 plus Stop 1250 1)Series of HHs and HLs with above average volumes. 2) Broken out of 2.5 year resistance.

scorpiomanoj

Swan Energy. Weekly chart Cmp : 230 Target : 270 plus (conservative target). Stop : 205 Rationale: 1) V shaped breakout pattern. 2) Series of Higher highs and higher lows has propelled breakout with above average volumes.

scorpiomanoj

WABCO INDIA Monthly chart 1) Triple bottom formation complete. 2) Cup pattern breakout adds momentum to stock. 3) Good level to enter for conservative traders would be at 7500-7900; Aggressive traders can enter at cmp. 4) Target 8850 which is breakout level + 0.5 X (length of the cup pattern level). 5) Stop should be at 7000.

scorpiomanoj

Technical details: 1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420. 2) In that process stock's 30 day ema has crossed 200 day ema. 3) CMP is around 345 meaning STOCK HAS CORRECTED FROM A HIGH OF 420 TO 345. 4) 4 HOUR CHART REVEALS HIDDEN BULLISH DIVERGENCE VIS-A-VIS STOCH 14,3,3 /...

scorpiomanoj

Weekly chart 10 year yield broken 2 year resistance. It is currently in the middle of the upward channel. 2 year resistance line could possibly act as a support which is at 7.50%-7.52%. Yields could possibly retest support and then spike towards 8%. Bond traders should ideally look to go short in price (long in yields at 7.50%) with stop at yield equivalent of...

scorpiomanoj

Mindtree CMP 702 Targt 805 plus Stop 600 Monthly (not displayed) Clear Double bottom formation completed. Weekly(displayed) Stock has cleared past the upward channel with huge volumes. Stock has also moved past previous longterm multi support and resistance line. Daily (not displayed) Uptrend with spike observed. However, quite unclear in terms of any pattern...

scorpiomanoj

Weekly Nice Rounding Bottom formation . Decisive breakout with huge volumes. Conservative Target 2600. Stop at 1800

scorpiomanoj

Weekly chart Long upward channel breakout Multiple resistance breakout. Powerful bullish pattern. Target 785 plus Stop should be at 550.

scorpiomanoj

Weekly chart Nice H & S cum Cup pattern breakout post which consolidation in the form of flag pattern has happened. Final breakout has pushed the stock past previous swing high. Target 825 plus Stop 635

scorpiomanoj

Weekly chart Nice triangular breakout. Price solidly supported by rising trend line. Target 680 plus. Stop should be at 30 week ema, trailing stop.

scorpiomanoj

CMP 1897. Monthly chart. Medium to long term technical view. Historically, after each breakouts post consolidation, stock has given returns in the range of 26% - 57%. Current breakout at 1800 should atleast give a return of 26% which gives a target of 2268 plus.

scorpiomanoj

Weekly chart cmp 102 Downward resistance line breakout with huge volumes. Stochastic divergence propelled the upmove leading to breakout. Stop at 78. Conservative Target at 140 plus. Fundamentals: Profitability : Current RoE at 35% ; Last 3 years avg RoE at 26%; indicates current performance better than past performance. NP Cash generation: CFO at Rs 29cr ;...