As we can see from charts the stock tested multiple times support and trying for a breakout. Also we got a flag pattern in daily time frame. As Pharma sector looks bullish on coming days, lupin looks a good bet for me.
The stock is giving a flag breakout in Weekly time frame and shorter hourly time frame as well. Strong volume shows the strength of breakout, if sustains we can aim fresh highs for the stock. Keep a 12% SL.
Chart is self explanatory, Already stock is in breakout region in weekly time frame. Continuation of momentum can be confirmed from daily time frame. Entry; Only above 1424
Apollo Hospital is raising from its retest zone, we can see some good formation in daily time frame too. Entry: If getting a hourly close above 6225 Exit; Target 1; 6775 (8.7%) SL; 5950(4.3%)
Havells have given a good breakout from its resistance zone and now at retest levels. Can consider for swing trading.
Timken's stock has recently been on a downward trend but is now displaying indications of a potential recovery. Analysis of the charts reveals the formation of an inverse head and shoulders pattern. This could make it a candidate for swing trading, with the initial target set at the 200-day simple moving average (SMA), followed by the upper trend line....
Escorts was forming a Bullish flag pattern, and now at verge of breakout. Rejection from bottom is seen in the charts.
- After Falling below 200 sma on weekly time frame, stock couldn't recover. - Tried 4 times but faced a huge resistance. - Now Trading above 200sma and giving breakout from a parallel channel. - Looking to sustain above the resistance and if does, expecting a good move.
- At verge of channel breakout in Daily TF. - Change of momentum to uptrend is seen in Weekly TF - Rounding Bottom formation in Weekly TF
IRCTC have given breakot and currently retesting the zone we can consider the scrip for swing. Study has well explained in charts itself.
153 Will be acting as crucial Level for the stock, if getting a daily close above 153 we can shift our trade to upwards. Otherwise trade with a bearish bias towards 21 EMA
-Overall sector looks positive -The stock is now at Crucial Position where previous sell offs happened and can be seen in charts. -We are expecting, Breaking weekly high will give some momentum with a volume. -Targetting 680 and 720 for Now.
KPRMILL rebounded from 200 sma and given inverted head and shoulder breakout. Buy on current levels and average it if comes to 800. We can aim for a fresh ATH. Keep SL at 770
Aravind Fashion, the stock was ranging around its ipo price after breakout. Now the stock is retesting the levels and at a small trend line support. Expecting a reversal from bottom.
Trading strategy is well explained in charts. The deciding factor in this trade will be 50 ema on weekly time frame. Also a close above or below the healthy candle, which can be also called as 'Arokya" Candle.
In Weekly TF you can see the breakout, and in Daily TF stock is in trendline support. A movement above todays high can be consider as a long trigger. 📢 Note: I am not SEBI registered. The information provided in this video is based on personal experience and analysis. It's essential to do your research and consult with a licensed financial professional for...
340-345 is the breakout zone, after retesting and raising. We can consider for entry above 360 for a target 422.
The stock have given breakout from strong resistance zone with a good volume, if the breakout sustains and break today's high we expect the stock to give good returns in coming days. Add to your watchlist.