L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market.
SL: 1400 wcb!
head and shoulder pattern is made...... only after 2360 with good volumes it will breakdown upto 2100 with sl of 2480.
also how it breached from its resistance.....
this stock is cash stock and is very cheap comparing with its peers. the line above rounding top is stoploss of 68₹ on weekly closing basis and this view is of about 3 months to 6 months can fetch 3 digits if all well in market.
the stock has nearly same structure as DLF of about 10 year consolidation although it did went above 90 2 times after 2010 unlike dlf. if it sustains above 90 with good volumes it can do wonders
bombay dyeing made rounding bottom pattern and broke out and reached pre covid highs and is consolidating for few weeks now, if it breaks now can do the magics beautifully like its peers! also same is happening on monthly charts which can be useful to study!!!
sbi if close this month above 380 with now atleast 6x volume from now, it can fire to 515 on fibbonacci extension also this is monthly chart so the target would be of approximate for nearly 1y to 3y and stoploss can hit easily but this year psu divestment can give boost to it. for educational purpose only.
the whole fmcg is considered to be defensive but this stock will fall or gain depending on the side it goes; upside could be 820 while downside looks for 660.
DLF being an F&O stock is giving such a wonderful breakout above 298 with monthly closing basis and also need volume growth. if it gets the support of that, then the next target is 500 as marked as resistance on chart. i am not sebi registered so please do your own study too and correct if there's a mistake done by me.
hdfc life is forming rounding top on hourly chart at 670 it will become perfect short candidate with stoploss of 700 and for target of 636 with nearly risk reward of 1:1. still learning please rectify if wrong.
this is first such company i found to be a good short candidate while tcs is making higer highs and higher lows on daily and weekly chart! this is for educational purpose and not a recommendation
