Looks like a pennant formation to me...heading to a new high ?? Invite views from others with targets.
One may use any dips to buy upto 338. Target 370. SL 332. Results in coming few days, so please exercise caution on the trade.
The stock had earlier broken out of its channel but post few sessions I got convinced that it was a false breakout. Post poor results the stock has broken down of a descending traingle that too in a uptrending NIFTY. Likely target on the stock is 47500-48000. SL has be closing above 52000.
The chart has been on a downtrend for a long time and is now showing signs of reversal as it has held it long term support zone of 140 and has also broken the downward sloping channel. Should be bought once critical resistance of 146 is breached.
Inverted head and shoulder pattern formation. Buy for a target of 71-72. This is one of the few stock which has been on uptrend even in a falling market.
Weekly down trending line could not be breached. Sell for a target of 435-440 with a SL of 472.
The stock has retraced strongly from its weekly downtrending line even after a strong set of results. I expect the stock to correct to 435-440 levels. Short with a SL above 472 (daily closing)
Even in a uptrending Nifty, the stock is making lower lows. Hourly charts show a H&S pattern with a target of 1120. One may sell at cmp 1067 (or on rallies to improve risk reward). SL 1195.
Symmetrical pattern breakout with a likely target of 325.
The chart has broken out of a symmetrical formation of over a year. Today's volume has confirmed the reversal in trend. Buy in 16-17 range for near term target of 20-21. Medium term target is now 30. Would appreciate views from others also..
The stock has formed a inverted H&S pattern. Buy for a target of 375-80 with a SL 320.
The stock has broken its downward trend after a substantial time. Though it had not participated earlier in Bank Nifty rally, its poised to make a smart comeback to 490-95 zone. Even the RSI uptick is indicating the same.
The stock had initially broken out of a downward sloping channel and had held for quite sometime. After much of consolidation it has started moving up again and also has formed a inverted H&S pattern. Stock can be bought at cmp 638 with a target of 680. SL 625 (should trade below this level for sometime). Would not be surprised if this stock breaks 700 also.
The stock had taken support on the lower end of the channel and has now made a inverted H&S pattern with a target of 1200. Stock may be bought around 1150-55 with a SL of 1135.
The chart has broken out of symmetrical chart pattern. Stay long for a target of 330-35. SL 272
This has been one of the few stock which turned around in a falling market and broke its downward sloping channel. The stock has recently made a inverse head & shoulder pattern and can be bought around 73-74 with a target of 82-83. SL 69. Note: Sharp Nifty correction can negate the view.
The stock has held its support @ channel formation and has now formed a inverted Head & Shoulder pattern. One can buy the stock around 1150 lvls for a target of 1200 and 1220.
Much after consolidation, the chart has broken down with increase in open interest indicating a short built up on the stock. Sell in 105-110 range with a target of 90-92.