GSFC has breached its long term resistance range between 85-91 this week with huge volumes as can be seen on the weekly charts. Looks set to test its all time highs of 120 soon. The stock can face a slight bump at 100 levels though.
BBTC has settled into a channel and today has closed at its near term top which also coincides at the center of the channel. Huge volumes indicate that the stock will break into all time highs and test the higher end of this channel soon.
Global Vectra has :
- crossed its 200 day EMA with huge volumes
- In doing so has also broken the declining trend line.
Stocks is signalling change in long term trend with good entry point. The 200 day EMA can be used a low risk stop loss. First targets of 90 seen
In continuation of the uptrend after breaking 210 levels, today has signaled a continuation of uptrend by breaking the brief consolidation with a flag pattern. Looks firmly to make new highs. All corrections toward 310 levels can be used to accumulate.
Bodal Chemicals settled into a rectangular channel after breaking out of 96 levels. Today it has given a strong upside breakout out of this channel with good volumes. Looks good for making new highs. All corrections towards 120 levels can be used to accumulate.
Britannia has closed at days high today and close to its all time high. The RSI is around 66 indicating there is scope for the stock to break into new high's and RSI to oversold levels. Whats interesting is the close at the high's of the day today. Any opening above 3500 levels should propel the stock into new highs
Dabur has given a breakout of the declining trend line today. The 13 day EMA Force Index has also crossed over to positive territory supporting the breakout above. Volumes are a little low though, but good changes of it retesting its previous highs of 320.
CEAT closed above its 200 day EMA on 02-Sept with a huge candle and huge volumes. Today's price action confirmed the breakout with good volumes. Long positions can be entered with the 200 day EMA as a stop for first targets of 1045
Engineers India has closed at its multiyear resistance of 251 levels with huge volumes today supported by news of good results. A breakout above this Resistance level should take this counter to 285 levels soon.