Timken India is in a strong uptrend and it formed a fresh lifetime high last week. Following this, the price action has formed a bull-flag pattern. The upward momentum looks strong and the stock can be expected to rise in the upcoming days.
The price action is indicating an ascending triangle - a bullish pattern. This means that a breakout of ₹2,200 can result in a sharp rally. Also, the area between ₹2,085 and ₹2,100 looks like a considerable support region. Going forward, the stock will most likely breach ₹2,200 and go on for a pretty good run.
Extending the bull run, the stock has been appreciating after confirming the Bull-flag, a bullish continuation pattern. We can spot another fresh bull-flag that stands confirmed. So, the positive momentum looks intact and the stock is likely to continue the rally.
After responding positively to the support ₹756, the stock has been continuing its upward movement. It has risen over ₹800, which has now become a support level for the stock. Expect the price to rally further and hit fresh highs.
Stock marked its new lifetime high of ₹2,016.85 last week. Now, the price action is sort of a potential bull-flag pattern and importantly, the monthly chart shows a solid breakout. Coming week, the stock is likely to make higher highs.
Reliance Industries hit lifetime high of ₹2,198.8 in July and since then, it has been moving in a sideways trend. Whatsoever, the stock is still bullish as it continues to trade above ₹2,000. It will most probably rally sooner or later. Note: The Supreme Court is likely to says its verdict on AGR issue on September 2 and this can impact the stock price. Watch closely.
The Indian Pharmaceutical space is on a strong upward momentum with stock breaking out above ATH and continuing the strong upward rally. The stock seems to be a good buy in the range of Rs 252 for target Rs 282
One of the most subscribed IPO of this year unfortunately hammered by negative COVID sentiments. The stock seems to be steadily moving on a uptrend and is about to cross listing price. This generally leads to buildup of strong upward momentum in stock. The stock is a good buy at about Rs 727 level with portfolio stop of 3 % and target of Rs 818.
The stock has been on a strong uptrend with a breakout above ATH before rest of the IT majors like TCS, Infy started forming ATH. The stock seems to be taking a parabolic support and make moves towards higher levels. The stock could be a good buy in the range of Rs 2152 for higher targets.
The stock has broken out above ATH and provided a re-tracement to a breakout zone. This could act as a good entry point. With lot of retailers opening demat account making news, the stock can get a philip to upside with minimum target of 570 on the upside.
India's leading job portal has broken above the previous ATH on a closing basis. The stock seems to be gaining traction as economy returns to normalcy and more people are seeking for jobs. The stock seems to be on a strong upward momentum with buy around 3083 with stop at a portfolio level of 3% to be maintained. The stock seems to be poised to move towards Rs...
Last week we had expected a breakout above the hourly consolidation. However the stock went into a sideways consolidation on daily time frame basis forming a bull flag like continuation pattern. Tata Consumer Products have recently broken our above all time high and after the breakout the stock has been consolidating sideways into a bull flag continuation pattern....
The stock seems to be on a strong upward momentum with solid breakout above previous ATH. The stock seems to be poised for movement towards 2000. This provides us with a opportunity for a long trade in the stock. The stock seems to be a good buy at about Rs 1842 (Previous breakout zone) for a target of Rs 1972 with a stop at Rs 1787 on a closing basis.
Britannia has broken out above previous ATH warranting attention. In addition to this the stock has witnessed a breakout from a Bull Flag a continuation pattern. This opens up a opportunity for a Buy trade in Britannia with a Buy at Rs 3702 with stop at Rs 3591 for a target of Rs 3870.
ALKYLAMINE is into manufacturing of chemicals, mainly amines. With chemicals sector working on ramping up domestic capacity to remain resilient from external shocks the stock breaking out above previous ATH and continuing its upward momentum warrants attention. The stock seems to be on a strong upward momentum with next potential target at around 2490. The stock...
COROMANDEL INTERNATIONAL is into manufacturing of chemicals & agro chemicals. With Agri sector emerging as only COVID resilient sector the stock breaking out above previous ATH warrants attention. The stock seems to be on a strong upward momentum with next potential target at around 835. The stock seems to be a good buy around 20 period Moving Average (Daily time...
PI Industries is into manufacturing of Agro chemicals. With Agri sector emerging as only COVID resilient sector the stock breaking out above previous ATH warrants attention. The stock seems to be on a strong upward momentum with next potential target at around 1825. The stock seems to be a good buy around 20 period Moving Average (hourly time frame) at about 1724...
Tata Consumer Products have recently broken our above all time high. After the breakout the stock has been consolidating sideways into a bull flag. A breakout above opens target of about 474 on the upside.