Target 2500 plus
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.
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 .
Target 1500 plus
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...
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.
Target 1035 / 1130
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...
Target 500 plus
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.
Cmp : 230
Target : 270 plus (conservative target).
Stop : 205
1) V shaped breakout pattern.
2) Series of Higher highs and higher lows has propelled breakout with above average volumes.
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.
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 /...
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...
Targt 805 plus
Monthly (not displayed)
Clear Double bottom formation completed.
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...
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
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.
Downward resistance line breakout with huge volumes.
Stochastic divergence propelled the upmove leading to breakout.
Stop at 78.
Conservative Target at 140 plus.
Current RoE at 35% ; Last 3 years avg RoE at 26%; indicates current performance better than past performance.
CFO at Rs 29cr ;...