sudhansrini

sudhansrini

Biocon has had new closing high today and is looking set to test n break 899, which then will catapult the stock into 4 digits. Is it going to oblige ?

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3M India looks to be fitting itself into a neat contracting triangle pattern. Assuming the pattern holds, long positions can be entered as a swing trade at current levels with targets of closer to its previous highs/top range of around 15150. Any breakdown from the range is an exit. Neat risk reward.

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Balmer Lawrie has given a breakout of the weekly n daily charts from a multiyear range. Should this breakout sustain, this should head much higher towards 800 levels.....

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Tata Steel on its weekly charts seems to be breaking out with a cup n handle pattern signalling a medium term breakout from its bottom. Looks set for 440 and 500 levels

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Tata Metaliks has given a breakout of a classic flag consolidation with decent volumes and is looking set for the next upmove that should make it test 500 first and then head higher on conquering 500.

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Yes Bank has broken out of a consolidation of few days. The RSI is quoting higher than its previous high at 1180 indicating a lack of divergence. Looks set to resume its upward journey.

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Deltacorp is about to breakout of a 2.5 yrs range. A close above128 for a couple of days will confirm the breakout.

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Adani port with today's price action has confirmed the breakout above 200 day EMA with huge volumes. Looks set for levels of 270 and 300. 235 can be stop

sudhansrini Updated 

Yuken has broken out of a tight trading range with decent volume. Looks set for 378, 400 levels.

sudhansrini Updated 

CUB has always bounced off its 20 day EMA multiple times in recent past from 82 odd levels. In today's trade it tested its MA and closed above it. If history repeats itself, it should test its previous high and potentially break it. Good risk reward at current prices for entry.

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Sundaram fasterners looks to break out of > 20 month consolidation with a rounding pattern formation on weekly/daily charts. Today's volume is pretty good compared to 10-week avg volume. Confirmation of a close above 218 can trigger the stock to a new wave of uptrend.

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Tata Metalliks has: - broken out of the declining correcting trend line - Made a bullish engulfing pattern with good volumes for today - Bounced sharply from its 20 day EMA after testing it. Looks all set to test its previous high of 500 lvls. Levels of 400 can a stop.