Huge volume pushed scrip to near Breakout level , indicating upside rally . do keep on radar ,with sl 830-825
Perfectly following a channel . it couldn't sustain the channel evasion and lead to downward pattern. just my observation that it will start some correction trade from here . it may fall till 538, 525 then again rally will start .
Gave breakout and kissed All tym high with good volume , it may give more upside rally . company fundamentals are good and considerable . one may enter with stoploos of 590 for short term and 560 down on weekly closing basis . tgt open .
ON WEEKLY CHART , Reliance showing strength to breakout and may hit a new high ,volume is good . one may go for breakout trade with stoploss near 2250 . for the tgt ;- 2500+
UPL LTD showing strength reversal pattern from the support zone near 700-710 , it is also showing escaping from downtrend with a good volume green candle . one may enter with sl of 700 mid term and 730 short term . i prefer 700.
ONE May enter to this level for an open tgt , volume is good and patten is also in better pattern , with stoploss of 313 for short term and 293 for long term . i have also suggested this scrip on lower level earlier you may check on below link .
Closing above the BREKOUT {support} zone highly indicating the sign of BREAKOUT RETEST , will it bounce back from here ? I BELIEVE FOR SURE IT WILL BOUNCE BACK . CMP 612
MARICO IS SHOWING GOOD REVERSAL PATTERN May see breakout in few comming days . with stoploss near 510 . educational purposes only.
Forming head and shoulder pattern . support near 283-285 Trade on ur risk just an observation my side ,
following a channel may see some upward supportive movement further ,can give a channel breakou with stop loss of 434
Creating a channel and taking support near 1474-1476 , may touch 1460 level then bounce back or just bounce with this level .... it can easily hit tgt of 1630 with SL of 1425 #happyinvesting for education purpose only .
BUY ABOVE ONLY 85.40 CLOSING BASIS ,GOOD FUNDAMENTALS just a suggestion my side you may inspect yourself .