Long Position: Double Bottom Pattern: Jindal Stainless has formed a classic double bottom around the 640-650 range, indicating a potential bullish reversal. The key level to watch is the neckline resistance around 890-900. A breakout above this level could lead to further upside. Entry: Current price level (around 733-735) Target: 890-900 (Neckline of the double...
Long Position: Entry: Current price level (around 163-165) Target: 175-180 (Upper range of the channel) Stop-Loss: 155 (Tightened stop-loss, just below recent support) Pattern Overview: Horizontal Channel: Rain Industries is trading within a well-defined horizontal channel, with support around 145-150 and resistance around 175-180. The stock has recently bounced...
Long Position: Entry: Current price level (around 217-218) Target: 290 (Cup depth projection) Stop-Loss: 210-215 (below recent support) Pattern Overview: Electrosteel Castings has formed a classic Cup & Handle pattern with a strong potential for a breakout above 220. The handle consolidation within a symmetrical triangle suggests a buildup before a move higher....