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.
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.
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.
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.