After a consolidation of 1.5 months L&T trying to break out above the 10 months old horizontal TL with good volume. Waiting for a close above 2095 to go long.
A close above 89 may give 10% move and thereafter another 20-30% move is possible above100.
GMDC has given a strong weekly close above the descending TL (Blue ) and also trading above 10 weeks close. Can expect a move up to 186 and 228. SL 135-137
ICICI Bank looks good for an upward move upto 100-150points. First hurdle is green Trend Line. Very good volume seen in the last 4 weeks. SL 915
United Spirits look good for an upward movement. It has crossed the November 2021 high ( moving within 200 points). Let us wait for a strong close today. A retracement upto 957 is also possible. It may go up to 1184 after crossing the green trend line resistant. SL 905
Hero Moto is looking good for going long. A close above the orange arrow ( 2898 ) can see 2943 i,e the first target. Thereafter 3097 is the next target. SL 2725 on closing basis.
Ambuja Cement looks good for long. Crossing out of the box. If sustains above the box we can expect a good move. SL 497.
A BO above green descending TL can give a quick move up to 1827 and above that 1928. Good volume and RSI too above 60 SL 1673 DCB.
The stock looks good for long position above a close of 781 which is a short term resistance. Moving in the green channel within a range of 100-125 points. A daily close above the horizontal TL can give 50-70 points . SL 750-755
The stock is at important juncture. It's trying to cross 4 years strong horizontal TL. Already trading above the rising channel of 8 months. A strong close above it can give 15 to 20% gain. Bullish structure on daily, weekly and monthly TF. Possibility of retest of breakout is also there .
Looking good above 100 DEMA and the horizontal TL. Can do 3999-4000 above 3685-3690. Last days volume is also good.
BDL has been moving in a similar fashion for the last 5-6 months. It's again ready to give a break out above the orange triangle. If closes and sustains above 986 we can see a move up to 100 points from here. SL 900.
The stock has give a BO above three months resistance line ( green one ) with good volume and also formed a CNH today. If sustains above 1795 on DCB we can see the first target of 2014. SL 1645 DCB
Long above 2514 Blue TL ( Triangle )are immediate support and resistance. SL 50 DEMA.
A close above violet and blue trend line can give a move up to 3430. Trading above 50 DEMA. SL daily close below 50 DEMA.
INFY if sustains above the green TL we can soon expect 1632. 22nd August 2022 gap has been filled today. Volume is good. SL 1507-1510. A closing above 1632 can give a move up to1730 and above.
A daily close above 29400 can make it move up to 30500 which is a resistance area since June 2022 TCS,INFY, Mindtree, HCL , Axiscades are to be kept under watch.
The stock has come out of one month's consolidation ( shown within light green colour channel) with good volume. After retesting horizontal resistance line ( black one ) 3-4 times it has give a good break out today. The stock has been moving within the orange channel since August 2022. It can retest 96 before moving upto 108-110. SL 87 DCB