Irfc was consolidating right from its listing in 2021. However, few months back, it gave a huge breakout from its supply zone of 25 to go upto 37 levels. It has recently given a retest of same level and going up to test the levels of 37 again. If 37.1 is broken, a higher high, higher low trend can be confirmed on weekly basis and it will indicate that a bull run...
Aavas finance is a Nifty500 stock which has been taking a support on trendline. Recently the stock has shown good volume accumulation near the trendline and jumped from the same. The stock looks good technically as a buy on dip candidate uptil 1450 with a SL of below 1355 DCB. The targets are 1750,2000++. Idea is shared for educational purposes and should not be...
Chemical sector has lately showed some good reversal signs. SRF is one stock which you can keep on your watchlist from chemical sector. Pin bar candle in weekly TF near support might be a signal of start of uptrend in the stock. Minimum target can be 2400. SL is below low of pin bar candle or below 2100 WCB. IDEA IS SHARED ONLY FOR EDUCATIONAL PURPOSES
As seen in the chart, Dlink has formed a flag and pole which was broken 2 days back. The flag is a beautiful cup and handle pattern which justifies strength. This is an exceptionally good chart for a positional trade to buy on dips till 300 with an SL of 260. A swing trade is risky at CMP with SL of below 290 DCB. Targets can be 370, 400 and above. Note:- Idea is...
ITC has given a weekly closing above its supply zone of 260-265 after 3 years also breaking its previous 52 week high with very heavy volumes. From the chart, it is clearly visible it is an inverted head and shoulder pattern and stock has given closing above its neckline. Let's see whether it sustains the breakout and bring happy faces on many investors' face;)
HAL has been testing the 1500 levels from last 7 months. It is a good long trade if it closes above 1500 today since it has never given a daily closing above it. It is a breakout from inverted head and shoulders pattern and target can be 15-20% positionally. Stoploss can be below 1410 DCB. Just for educational purpose.
BDL had already given breakout from trendline and has retested it. Currently,it is trading near its ATH of around 905. It can easily give move of 10% or even more. Fundamentals of the stock has changed over the past 2 years since India is now exporting military equipments.
TWL has recently given a volume breakout from trendline and a strong supply zone and also crossed its 52 week high of 124. It is now retesting the earlier resistance which can now act as a support. One can take add at current market price or wait for a breakout of today's high, mostly above 128. It can give a good move if it manages to sustain above 118-119 levels
FINCABLES had given a very strong volume breakout from Inverted head and shoulders on 29th July. It had confluence with 200 DEMA breakout. It has been consolidating since 29th July in a tight range. Once the stock breaks 445, it will move quickly to 475 levels. Risk reward ratio at CMP is very attractive
EIDPARRY has been consilidating in from lomg time. Today, it has finally given breakout of this consolidation.it cna easily move 5-10% from here. Support is 540 DCB.
Tata motors stock has been in bull run since last 2 years. Observing the weekly chart shows a clear formation of Inverted Head & shoulders pattern in the stock. It can test the neckline definitely in near future which is around 500-520 which is almost 7-8% from CMP. A weekly closing above 520 levels or above 52 week high of 537 can make the stock move to its ATH...
Auto sector is in bullish momentum considering the hype around electric vehicles and reducing steel prices. TVSMOTOR is looking very bullish and looks like a good positional trade. It is very close to its ATH of approx 814 and is currently on the verge of giving ATH weekly closing.
Stertools has been on a downtrend since 2018. The stock has made a double bottom and currently at the neck line which is very strong supply zone of 250rs-260rs which coincides with 38.2% fib level. If the stock manages to give a weekly closing above 250rs and sustains the same in the following week, we might see a big upmove in this stock. Keep this stock in radar...
COLPAL had given a trendline breakout earlier and is currently consolidating in a range of 1540-1600. A breakout from here can give targets of recent swing high of 1670 and next target of around 1730. FMCG sector is outperforming the market and hence one can be bullish on this stock.
There is a strong demand zone for HDFCAMC at 1950-2010 levels. Today, it gave a good 5% move by bouncing frok yesterday's low of 1990. It might retrace at around 2050-2070 tomorrow. RSI has gained strength at the support in both daily and weekly time frame. Minimum target can be around 2450-2500. This is just my personal opinion.Please don't trade on basis of this.
Redington is consolidating in a range from 140 to 178 from past 8 months. It is kind of flagpole pattern. Seems very bullish if it sustains above 180. A weekly closing above 175 can be a sign of breakout as well. RSI is becoming stronger.
Mindacorp is trying to give a breakout from inverted head and shoulders pattern. Good trade if closes above 210 today. Safe above 215.
RCF has been consolidating in a tight range from last 1 year and it has finally managed to breakout of it with very heavy volumes. If todays closing is above 92.5, RCF is a good positional trade for minimum targets of 100, 110.