viswanathreddykurla

viswanathreddykurla

1. New 52 W high 2. 3 Year high breakout Entry level : 114- 118 Targets : 135 / 160/ 180 Weakness below : 103

viswanathreddykurla

1. Stock making New 52 High. 2. Stock breaking out 3yr High. 3. Stock consolidated for 4 months before breaking 3 yr High. 4. FII/FPI have increased holdings from 4.39% to 5.84% in Dec 2021 qtr. 5. Mutual Funds have increased holdings from 16.47% to 16.68% in Dec 2021 qtr. Fibonacci based targets: 775 , 855 , 1005 Stop loss : Below 565 (closing basis)

viswanathreddykurla

1. Inverse Head & shoulder pattern formed. (Possible BO from here) 2. Price also formed symmetric triangle (BO & retest completed) within the H&S pattern. 3. Entry suggested after proper breakout. Targets as per previous swing highs: Target 1 : 133 Target 2 : 157 Target as per Inverse H&S Pattern: 177 SL : Low of Right shoulder

viswanathreddykurla

Inverse Head & Shoulder pattern breakout. Initial target - 9800 - 9900 (previous High) SL - 7000 Target as Inv H&S pattern - around 11500

viswanathreddykurla

1. Breakout with good volumes 2. Retest with decreasing volumes. Weak buyers quit. Also, Textile stocks in momentum. * Promoters holding remains unchanged at 74.90% in Dec 2021 qtr. * FII/FPI have increased holdings from 0.00% to 0.02% in Dec 2021 qtr.

viswanathreddykurla

1. Stock made new high. 2. Retraced to breakout levels. 3. Again started to move. FII/FPI have increased holdings from 0.12% to 0.30% in Dec 2021 qtr.

viswanathreddykurla

1. Price crossed All time high with good volumes. 2. Price retested the breakout with decreasing volumes. Entry: 335-345 SL: 305 (daily closing basis) Targets: 370/385/405 --> Promoters holding remains unchanged at 70.29% in Sep 2021 qtr. --> Institutional Investors have increased holdings from 0.03% to 0.18% in Sep 2021 qtr. --> Quarterly EPS is in uptrend -->...

viswanathreddykurla

1. Formed Cup & Handle pattern during market correction. 2. Breakout from the pattern with good volumes. 3. Price may retrace to 416-422 levels to retest. 4. Stop loss - below 395 on closing basis.

viswanathreddykurla

Stock consolidated in range for 8 months and gave a breakout. Again traded in range for week and gave a big move with good volumes.

viswanathreddykurla

1. Stock traded downside in a range during market correction. 2. Broke out from range and formed small symmetric triangle. 3. Again brokeout from triangle and made ATH. Ready for good upside move, given that the textile stocks are in good upside momentum.

viswanathreddykurla

1. 3yr breakout 2. Formed Inverse H&S pattern. 3. Also textile stocks took momentum. Entry: 84-90 SL: 75 (weekly closing basis) Targets: 1.95 2.107 3.117

viswanathreddykurla Updated 

1. Price broke out from the current up trend after many rejections. 2. Also, NIFTY IT Index is strong by showing breakout from Flag & Pole pattern.

viswanathreddykurla

1. Formed Symmetric triangle 2. Breakout from triangle. 3. Retest done. 4. Major breakout 5. Retest done at heading to previous ATH. Entry: 2440 SL : 2300 (weekly closing basis) Target: 2700 Also NIFTY ENERGY at support levels. Chart link attached below.

viswanathreddykurla

1. Cup & Handle like pattern forming. 2. If price sustain above handle. Stock may head to new highs. 3. Monopoly stock ..

viswanathreddykurla

1. Price moved up at support trendline. 2. Also, Nifty Energy Index had a good move this week after taking support at EMA 20 on weekly time frame.

viswanathreddykurla

1. Nifty Energy index looking good for long as the price took support at EMA 20 on weekly time frame. 2. Found good setups in Reliance, IOC..

viswanathreddykurla

1. Price formed rounding bottom pattern and brokeout. 2. Retested the breakout during the market correction period. 3. Took the support at EMA 50. Entry : 440 Target : 500 SL : 408 (Weekly closing basis)

viswanathreddykurla

Price given fresh breakout on weekly time frame. Also, NIFTY PHARMA index is looking good by gaining 5.42% this week.