sethinomics

sethinomics Updated 

The stock has formed ascending triangle patter b/w 106 & 120. If stock gives breakout above 120 can give upside target of 134 in September.

sethinomics

Larsen stock is breaking out from 2.5 years consolidation below 1200 after forming inverted Head & Shoulders pattern. Last 2.5 yrs stock has been b-w 700-1200 approx. So i believe we can see 500 rupees upside easily if stock sustains above 1200. Expecting the stock to hit 1700 in 6 months. Several brokerages have fundamental targets of around 1400 on stock as of...

sethinomics Updated 

Tata elxsi has formed a symmetrical triangle between 1732 and 1582. Breakout occured today at 1670. Upside target = 1670 +(1732-1582) =1820. Time frame 1-2 weeks.

sethinomics Updated 

Yesterday Nifty closed above its 20 DMA. Showing follow through today. Also gave breakout from symmetrical triangle formed in last 3 weeks b/w 9970 & 9685. Expecting index to go towards 10,200 in few days. MACD indicator also generated buy signal yesterday.

sethinomics

FLFL broke out of 65 rupees rang of 295-360 few days back. So expecting 65 rupees upside from 360 giving tgt of 425. SL below 20 EMA, which is currently at 352. We hold.

sethinomics Updated 

Stock broke out of consolidation between 112 to 130. Prior uptrend now resumes. First target of (130-112)+130= 148.

sethinomics

The stock has been in approx range of 330 to 400 for almost 2 years. Stock has bounced off from lower end of this range recently. It has also broken out of downward sloping trendline at 345 today. The RSI indicator is bouncing from oversold levels. MACD indicator is also making bullish divergences. Company posted good q1 results too. We hold.

sethinomics

Ashok Leyland stock has consolidated between 73 and 113 since April 2016 forming a rounding pattern. Upward breakout from this 40 rupees range should give technical target of 113+40=153. Stock is already in uptrend on weekly charts. Time-frame 6-8 months. We hold.