Conchin shipyard after a 100% rally entered consolidation phase afterwards. During the previous week bulls were able to close it above a recent resistance of 1120 making a strong candle. Stock becomes a buy above 1130 with a target of 1300 and stop loss below 1050
Stock is trying to break its resistance between 85-90 and is looking good on long term charts. Keep a stop below 80 with targets of 90/105.
MTNL after few weeks of consolidation is again trying to regain prior highs. The stock is bouncing from 0.382% fibo levels and has given a close above prior resistance levels. Looks prime to attain recent highs in coming weeks. Disclaimer- Only for education purpose.
The stock has consolidated well at resistance level and looks set for a breakout. It has made a beautiful cup and handle pattern as well. Keep a stop below 690 and buy above 800 levels. Disclaimer- Only for learning purpose.
TTML has been consolidating since september 2023 and is now trying to bounce from a crucial level. Fibbonacci 50% retracement level and a prior resistance level of 85 becoming support. Looks good for a long above 92-94 with stop below 85 and targets of 130. Disclaimer- Just for educational purpose.
IFCI was facing stiff resistance and was trading in a broadening channel since 2021. It made a decisive close above that channel in sept 2023 and retraced. Currently its trying to bounce from the same resistance level. Buy above 25 with a stop below 22 and targets of 33 in coming few weeks.
IFCI has made a symmetrical triangle and is trying to break out of it. Buy @ 25 with sl of 23.5