Hindustan Zinc is forming ascending triangle formation, volume is good, wait for breakout and close above breakout for entry.
Reliance too is hovering around its major trendline. Any breakdown from here might cause further pain here and Nifty both!
Imagine catching a double in 8 days. INSANE!, with high volume..
Buy above 435, it is forming proper flag patter, tgt is 14% i.e 497
Apar Industries has broken out today but I hold a contra view due to this headline from which it has rejected multiple times.
symmetrical Triangle, wait for close above or below breakout line, the take take trade in the side of breakout.
Texmaco Rail & Engineering - A railway stock which hasn't participated in the rally so far? Breaking out. What are your views about this?
JK Tyre - Another one in my focus list. A fantastic symmetrical triangle & has recently shown some nice contraction in volumes too. Hopefully a nice & clean breakout.
Poonawalla Fincorp - Also setting up beautifully with good dryness in volumes.
Gave breakout, wait for retest to take fresh entry.
Maan Aluminium - Uptrend, corrected a bit, consolidated tightly making a small kind of Cup & Handle on 50 ema. Broke out of it today with a good volumes spikes.
Keep this in watchlist strong above 977 could be good move
Shree Renuka Sugar - Just look at this tightness at the resistance with high but declining. This is what causes big moves.
Indian Terrain Fashions - Went up after bottoming out & is now taking resistance at its previous highs with good contraction & volumes recently. Adding it to watchlist & lets see if we have a breakout here. What do you think?
Tricoat broke out With high volume from flag pattern
Ascending Triangle formation keep an eye for a breakout entry.
Jash - Can see those nice big green candles with good volumes follow by tight small consolidations? Yes, these are institutional footprints.
Apcotex Industries - Another nice setup breakout in daily time frame with volume confirmation.