NIFTY has formed a triangle pattern and has given breakdown from 17585 support levels. Target is coming to 17430 levels (in 1-3 days). SL: 15 mins candle close above 17585 level.
DELTACORP has given cup n handle pattern breakout at 197 resistance levels. Target is coming to 204-205 levels (in 1-2 days). SL: 15 min candle close below 197 level.
BALRAMCHIN has given cup n handle pattern breakout at resistance level 427 with good volumes. Target is coming to 444 and then 455+ levels (may see in 2-5 days). SL: Hrly candle close below 427.
BATAINDIA has given good breakout from 1440 resistance levels. Immediate target is coming to 1495-1500 levels (may reach in 1-3 days). SL: Hrly candle close below 1440. Note: Looks to have formed a good base and moving upwards. Looking good for med/long term investment with trail SL.
JKCEMENT has formed triangle pattern. Breakdown below the trendline is expected and the target is coming to 2945-2940 levels in 1-2 days. SL: 5 min candle above 2930.
SHRIRAMFIN has given triangle pattern breakout at 1320 resistance zone. Target is coming to 1980-1990 levels (may see in 3 to 6 months timeframe). SL: Daily candle close below 1300 levels.
ITC has given Head and Shoulder pattern breakdown at 377 support levels with good momentum and volumes. Target is coming to 360, 345, 325 levels in 10 - 20 days. SL: HRly candle close above 377. Note: Downside may come fast as to trap all the buyers on the top.
GRANULES has given range (sort of triangle) breakdown at 278 support levels. Target is coming to 260-258 levels. SL: Hrly candle close above 280.
IGL has given Triangle pattern breakdown at 420 trendline support. Target is coming to 350-345 zone. SL: Hrly candle close above 420.
INDIAMART - Triangle pattern breakout - 4% upside potential Target - 5250-5260 in 1-2 days SL: 15 mins candle close below 5080
PETRONET has broken out from 230 resistance zone with good volumes today. Momentum looks good. It has been consolidating since Nov'17 for almost 5 yrs and seems trend reversal now. Initial target can be 260+, next 300+, next ATH!! SL: Daily candle close below 230 levels.
PERSISTENT has given Inverted head and shoulder pattern break down which is sign of trend reversal at the top of the up trend. Short target of 4450-4440 zone may be seen in coming days. SL: Hrly candle close above 4770 levels. Note: Avoid longs unless stock moves above 4950 levels.
PIIND seems to have formed a Head n Shoulder pattern and given breakdown today. Target is coming to 2300 levels which is 20% downside from current levels. SL: Daily candle close above 3000 levels.
WIPRO has given Rectangle channel breakdown from 377 support levels. We may see a downside level of 343-345 zone in coming 5 to 15 days. SL: Daily candle close above 377 level.
INDIACEM has formed Rectangle pattern and support level is at 183 levels. An Hourly candle close below 183 will confirm downside momentum. Target is coming to 165 - 164 levels in 5-10 days. SL: Hrly candle close above 185 levels.
PEL has formed a rectangle pattern range and given breakdown at 785 levels. Downside target is coming to 665 levels. SL: Daily candle close above 785.
AMBUJACEM has given triangle pattern breakout at 355 resistance levels. Target: 410-418 levels in 3 to 6 days. SL: Hrly close below 355 levels.
MGL has given triangle pattern breakout at 925 levels. Target is coming to 1060-1070 range (may come in 5 - 10 days) SL: Hrly candle close below 925 levels. Note: Looks good for long term hold as well, as the move seems to be a trend reversal.