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Baker Hughes Company The stock was earlier caught in a prolonged consolidation phase, during which it established an Inverted Head & Shoulder pattern. After the breakout, the price experienced a sharp rise but underwent a correction following the formation of a Double Bottom pattern. Subsequently, the stock entered another period of consolidation, gradually...

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Nasdaq Banks The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations. Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern. However, once the pattern broke downwards, the bank index experienced a significant decline. Upon hitting a support level around 2,650, the index...

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NASDAQ After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter. Finding stability near the 47 level, the price surged within a Rising Wedge formation. Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected. ...

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Short Term Trading Advice by Naranj Capital Buy Sprouts Farmers Market ● Buy Range- 78.5 - 80 ● Target- 84 - 85 ● StopLoss- 75.8 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days

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Short Term Trading Advice by Naranj Capital Buy MakeMyTrip ● Buy Range- 79.5 - 81 ● Target- 88 - 90 ● StopLoss- 74 ● Potential Return- 9-11% ● Duration- 14-15 Trading Days

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Short Term Trading Advice by Naranj Capital Buy KKR & Co. ● Buy Range- 106 - 108 ● Target- 115 - 116 ● StopLoss- 101 ● Potential Return- 6-7% ● Duration- 14-16 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Reinsurance Group of America ● Buy Range- 215 - 220 ● Target- 230 - 235 ● StopLoss- 211 ● Potential Return- 6-7% ● Duration- 14-15 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Williams Companies ● Buy Range- 42.3 - 42.8 ● Target- 45 - 45.5 ● StopLoss- 41.3 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days

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D.R HORTON After analysing the historical stock price, it is clear that the stock has been on an upward trend. Following the market crash in March’20, the price began its upward movement. During this uptrend, the price initially formed a Bullish Pennant pattern, leading to a surge after the breakout. Around the 107 level, the stock faced resistance and...

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Short Term Trading Advice by Naranj Capital Buy Intel Corporation ● Buy Range- 33 - 34 ● Target- 36.5 - 37 ● StopLoss- 32.5 ● Potential Return- 7-9% ● Duration- 10-12 Trading Days

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Short Term Trading Advice by Naranj Capital Buy JP Morgan Chase ● Buy Range- 209 - 212 ● Target- 222 - 225 ● StopLoss- 205 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Descartes Systems Group ● Buy Range- 101 - 103 ● Target- 108 - 110 ● StopLoss- 99 ● Potential Return- 6-7% ● Duration- 12-14 Trading Days

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Short Term Trading Advice by Naranj Capital Buy SkyWest ● Buy Range- 79 - 81 ● Target- 87 - 88 ● StopLoss- 74 ● Potential Return- 8-9% ● Duration- 12-14 Trading Days

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(1) The price was in an upward trend before reaching the 17,500 level. (2) Following that, the price began to decrease, experiencing a drop of nearly 21%. (3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern. (4) Subsequently, the price increased and is currently consolidating...

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After a sharp decline in March 2020, the index showed resilience and made a significant upward move, approaching the 3,250 level. Following that, Russel 2000 went into a period of consolidation and traded within a narrow range. A bullish Pole & Flag pattern was identified on the chart during this consolidation phase. Despite breaking out of the pattern, the...

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FedEx The stock price has been following a downward trend within a parallel channel. After reaching a base near the 145 level, the price started to move in an upward direction. With the support of a trendline, the stock managed to break through its trendline resistance with strong volume. As long as the price remained below the 50 EMA, it faced resistance...

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Short Term Trading Advice by Naranj Capital Buy Krystal Biotech ● Buy Range- 185 - 188 ● Target- 200 - 203 ● StopLoss- 180 ● Potential Return- 6-8% ● Duration- 12-14 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Cinemark Holdings ● Buy Range- 20 - 20.5 ● Target- 22 - 22.5 ● StopLoss- 19 ● Potential Return- 8-10% ● Duration- 12-14 Trading Days