Geojit Financial Services is Breaking out with good Volumes in the last week. The stock was in Accumulation phase since last 1 year and the breakout is happening on the upside now
If the recent support at 1680-1700 doesnt hold , the next level of strong support is at 1550 and 1390
Geojit is having a clear breakout from a long consolidation phase. Accumulation is so strong shown by Volumes in the last week
Rallis has reached a strong Resistance zone and has failed to breakout above the 330 Level. Also RSI has reached overbought levels. Going short would be sensible if 330 Resistance holds
Cipla has Retraced to Fibbonacci level of 0.382. Also has strong support at 870 levels. Should Resume the Uptrens
Breakout above 800 has opened the doors for 900 and 965 levels
Lincoln pharma has brokenout and is now giving another opportunity to enter here... It may consolidate for short term upto 300 levels and then Continue to rally again
Reliance - 2160-2200 zone seems to be a good resistance zone for Reliance . But 2160 has been tested 7 out of the last 10 trading sessions. So the Triangle Pattern Breakout is just round the corner .
This is my 1st Chart. Im just beginning with Charts. Kindly correct me if anything is wrong. Short Kotak bank for a short term target of 1160. But once it reaches Trendline Support near 1150, it may shoot back upto 1300.