Container Shipment Is showing strength on the chart as displayed. (Just for information purpose, please consult your advisor before making investment)
Certainly a downtrend since a month has been observed. Now according to market/bankNifty movement, a. decent breakout is expected in the short run.
Looking at yearly trend, major possiblility to rebound from current price! Purely technical.
Long powergrid - Growth & Dividend Payout. Took resistance & broked trend to prove trend reversal. Powergrid : Target 180 with SL 171.
Trendline breakout. Nothing to say. Target 1200
The indian stock market will see a nominal dip of 300-400 points but will return back to the bullish trend on next month.
Having a heat wave as well as summer in the last quarter will boost earning of NTPC. Also, a heavy consolidation phase is observed which if broken by price trend above 97.55 will generate a new high. Bought at 96.50 (Target 105+ with an SL 96.00)
On the trend breakout of 22700 - Long will remain bullish. Important resistance would be 22650.
I personally love the stock & it's growth side improvements. The thing is similar to WIPRO in case of growth between strong parallel range. GAIL BUY on fundamentals are also working perfectly with low debt & good dividend company.
Now if ICICI gets close to the red zone, the resistance would be considered as week resistance. This weakening of resistance 3rd time might push up the stock with good potential in another reset.
Since long, the stock seems to be under the consolidation phase. After quarter results, i'll wait for a bullish phase.
Infosys Bullish Trend Alert. Best buy at 705-706. Target 725 with SL 700. Seems to be bullish for swing as well as long term.