VijayBabuA

VijayBabuA

There is Pole Flag formation on daily charge, either side of the break out will give momentum to the stock. if it is downside it will be 330.

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As long as price moves within the channel, we can see a target of 282 followed by 320. in the last 3 months we could see a rally in Metal sector which is out performed other sectors.

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further consolidation may possible in M&M and will test 500 levels once again. but if it breaks 200DMA with volume, we can consider trend has changed. then it may go upto 620 followed by 675 levels.

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Cyient has continued to fall in a channel, however managed to break the 200DMA with high volume, but still it in the channel. let us observe for some more time to get clear breakout.

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small correction could be possible for further rally.

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There is triangle breakout for ADVENZYMES which has a support at Rs.144 and Rs.216 as resistance.

VijayBabuA Updated 

TECHM Is completing Head and shoulder pattern, BUY for a initial target of Rs.1130 and followed by Rs.1500

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This stock is making higher highs and Higher Lows on monthly charts. if it breaks 835 it may go further highs.

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Triangle breakout opportunity in JBMAUTO, if it breaks downside 200DMA will act as a support

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Even RSI also giving higher high's in daily chart . however we could see a resistance at 300 level which may lead to small correction. as long as it sustains above 200DMA we can add on every dip.

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Today it tried to break triangle upside, but closed below inside it. if it closes above triangle then it will hit 90 level followed by 100 which is major resistance level.