BHEL has given cup n handle pattern breakout from 89 levels. Target: 99 in 2-5 days SL: Hrhly candle close below 89
GODREJCP has given Cup n handle pattern at 1090 resistance level. Target: 1140+ SL: 15 min candle close below 1085
TECHM seems to have formed a nice bottom and giving breakout from 1160 resistance levels. This can be seen as double bottom breakout and as well as rounding bottom breakout. Target: 1340+, 1570, 1800. SL: Daily candle close below 1160
CUMMINSIND has given triangle pattern breakout from resistance trendline level of 1930 with good volumes and seems to be good daily closing above 1940 levels. Target: 2020+ in 1-3 days SL: 15 min candle close below 1930.
GLENMARK has given Cup n handle pattern breakout at 683 resistance level. Target: 715+ then 740+ SL: 15 min candle close below 682
MANAPPURAM has given Cup n Handle pattern breakout from its 133 resistance level. Target: 157+ SL: Daily close below 132 Note: It seems to be trun-around stock and can give good rally in coming days, should have strict SL as this stock sometimes tend to give sharp corrections.
ICICIBANK has given cup and handle pattern breakout at 963 resistance levels. Target: 1010+ in 2-4 days SL: Hrly candle close below 960.
TATASTEEL has given triangle pattern breakout from trend line resistance level of 116. Target: 124, 138, 148, 178 SL: Daily candle close below 115 Note: All metal stocks seem to be giving new breakouts, looks like new uptrend has just started. Metal sector looks good for next 6 mon to 1 yr.
HCLTECH has given good breakout from 1155 resistance zone with good volumes. Target: 1280+ SL: Daily candle close below 1155.
JINDALSTEL has given cup n handle pattern breakout at 610 levels. After more than a year consolidation, metals are moving up for new highs. Target1: 710 and then 910 SL: Daily candle close below 610
JSWSTEEL has given strong breakout above 775 resistance after 2 years of consolidation. We can see Cup n handle pattern breakout as well. Target: 895, 1030 SL: Daily candle close below 775
Bank Nifty is at all time high and it has given head and shoulder pattern breakdown at 45100 support levels with huge price action and volume. This is a trend reversal pattern so BN for short term seems bearish Target: 44485. SL: 45230 If 44485 is broken on day closing basis, we may witness further sharp fall towards next support level of 43450. Note: US markets...
REC Ltd has given breakout above 125 levels which has been resistance since Jan'19. Target 1: 140+ (short term) Target2: 165+ (medium term) Target 3: 270+ (long term) SL: Daily candle close below 125 levels.
BALKRISIND has given triangle pattern breakout at 2250 levels with good volumes. After breakout, it has retested 2250 level and holding the support levels. It is good zone for buy with good risk reward. Target: 3200 in 4-6 months timeframe. SL: Daily candle close below 2220 levels.
STAR has given double bottom breakout from 385 resistance levels. Target is coming to 485+ SL: Daily candle close below 385.
LTTS has given triangle pattern breakout from resistance line zone of 3960-3970. Target: 4180-4190 levels. SL: Hrly candle close below 3950
IT has given Cup n handle pattern breakout at 457 levels. Target: 475 in 2-3 days SL: 15 mins candle close below 455
CANFINHOME has given cup and handle breakout on weekly timeframe. Target: 950 then 1150. SL: Daily candle close below 720 Note: This stock has been in correction (time and price) since last 5-6 years and given good breakout which is positive sign and stock has potential to give multi-fold (1x,2x,3x) returns over next 1-2 years.