Bharat Forge has exhibited a Cup & Handle Pattern on the Weekly Charts Height of Cup = 1210 - 680 = 530 points (Approx.) Hence, target is 1210 + 530 = 1740 Rs
Please keep the stock in your watch list. A possible double bottom is in formation in the scrip. Trade not yet active. Await updates
DCB has given a symmetrical triangle breakout today. Trade is active for the targets and SL as shown in the chart
Sun TV Bearish Bat in Play. Targets and Stop Losses as shown in the chart
KTK Bank is currently forming an Ascending Channel. The height of the triangle is approximately 20 points. Go long for target of 160 with a CBSL of 148
Power Grid currently in an upmove. Go long for target of 225 with a CBSL of 215
Bajaj Finserv is at a crucial resistance level of 5370 and also at the bottom of the channel. If it bounces back from the bottom of the channel, we can expect a bounce back to 5600 levels. If the channel is broken, then we may expect 5200 levels
Sun Pharma is at a crucial resistance level of 500. It is in an uptrend as of now. When the resistance level of 500 is decisively broken, go long with a target of 520 and CBSL of 490 for a Risk Reward set up of 1:2. The targets also fall within appropriate Fibonacci bands
NIIT Tech has a resistance at 540. If the resistance is broken, then we can expect further movement towards levels of 560, 580 and 600. If the resistance is no broken, we can expect retracement to 500 levels
Please refer the chart. Height of the pattern - 25 points (approx.) Target = 131 + 25 = 156 CBSL = 128
Currently, Tata ELXSI is in a consolidation phase. Symmetrical triangle breakout is awaited for much higher levels Buy when the price closes above 1660 for sequential targets of 1680, 1700, 1720
Castrol is currently consolidating. There is a possibility of a symmetrical triangle breakout. Go long at 390 for initial target of 400 and CBSL of 384
Cup & Handle Breakout above ~131 in NMDC. Depth of the cup is approximately 25 points. Can go long for a target of approximately 131 + 25 = 156
CAPF has a strong support at 720. And the market has resumed its bullish trend after the short term bearishness due to geopolitical tensions
Asian Paints has broken a strong resistance at 1160. Go long for targets of 1175 and 1180. SL is 1160. Alternatively, you can sell 1160 PE (Aggressive investors) or 1150 PE (Conservative Investors)
Asian Paints has broken a strong resistance at 1160. Go long for targets of 1175 and 1180. SL is 1160. Alternatively, you can sell 1160 PE (Aggressive investors) or 1150 PE (Conservative Investors)
Bullish Harami Candlestick Pattern Observed at the Weekly Support Level SL @ 1615 on Weekly Closing Basis Go long for Target of 1700 and 1780