Shorabh_Jain

Shorabh_Jain

HDFC LIFE is forming a bullish wedges pattern and approaching the breakout levels. Buy: 600 Stoploss: 567 Targets: 640/700

Shorabh_Jain

The Giant has woken up from deep sleep and now it will go a long way. Entry: CMP Stoploss: 1340 Targets: 1670 / 1960 / 2750. Bullish signals: 1. Breakout and retest of Flag & Pole Pattern. 2. Formation of Bullish Divergence, Lower Low & Higher Low. 3. European Central Bank cuts interest rates for the 1st time in 5 years.

Shorabh_Jain

#LLOYDSENGGWORKS This script has formed a bullish symmetrical triangle and shows hidden bullish divergence. If the breakout sustains above the resistance trendline one can make an entry and trade the below-mentioned setup. Entry: 66 Stoploss: 62 Short Term Targets: 68 / 73 / 78

Shorabh_Jain

Looks like Coal India is ready for a sharp-up move in the coming month. Entry: 493-495 Stoploss: 474 Targets: 505 / 570.

Shorabh_Jain

After a long consolidation, Pfizer looks ready to start its upward journey. Entry: Above 4650 Targets: 6000 Stoploss: 4300

Shorabh_Jain

#Metropolis. Some points for a positive long view: 1.⁠ ⁠Came out from 2 years of consolidation. 2.⁠ ⁠Gave a weekly close above the previous major resistance. 3.⁠ ⁠Above all EMA’s. 4.⁠ ⁠Weekly & Daily RSI above 60.

Shorabh_Jain

Interglobe aviation is breaking down from a bearish wedges pattern with classic bearish divergence of Higher High and Higher Low. Targets: 3930 / 3800

Shorabh_Jain Updated 

Dixon Tech is ready to resume its uptrend. Flag and Pole pattern formation is visible on the chart. It's a trend continuation pattern. Levels are marked on the chart.

Shorabh_Jain

IRFC is forming a cup pattern on its daily chart. Daily closing above 195 may lead the stock towards 250/260. Good Volume build-up is also visible.

Shorabh_Jain

Trent is breaking out of the cup and handle pattern after a four weeks of consolidation. As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks,...

Shorabh_Jain

Ultracemco is broken out of flag and pole pattern and may give a good long run in the coming month. Entry: 10,200 Stoploss: 9800 Targets: 11,100 & 12,000

Shorabh_Jain Updated 

We can see that the Nifty 50 has reversed from its ATH and formed a similar pattern as it was in March 2024. Bearish divergence and bearish wedges with a similar trend setup in BankNifty. If nifty and bank nifty both move in a similar trend we see a smooth one-direction move. Thursday we may see a gap down opening which could be a strong indication of the...

Shorabh_Jain

Coal India has broken the major support trendline. Entry: 442-440 Targets: 405-400 Stoploss: 449

Shorabh_Jain

Banknifty is forming rising wedges and bearish divergence on a monthly chart. Bearish divergence: price forming a higher high and indicator forming a lower high at the resistance level. This combination can be very aggressive and can push the market down at a very fast pace. The Initial gap between the trendline is 51.8% in 3 months. If this breakdown happens,...

Shorabh_Jain

NIFTY IT Index has given a breakdown of the Inverted cup and handle pattern, thus making the IT sector weak and bearish. Major IT stocks have given a breakdown. Example: Infosys, Wipro, Coforge, Mphasis. This script has also broken out of a descending triangle pattern. This pattern is considered as one of the most aggressive patterns. If this breakdown is...

Shorabh_Jain

IDFC FIRST BANK has formed falling wedges and a bullish flag and pole pattern. Today it has broken out again after the retest, taking support from the support trendline. One can initiate a long position in this counter with mentioned: Entry, stop loss & Targets.

Shorabh_Jain Updated 

Nifty 50 Index has formed rising wedges and a bearish divergence on 2 hourly chart. Breakdown from 22620 levels may result in a significant correction in this index. Entry: 22620 Stoploss: 22720 Targets: 22475, 22333, 22130.

Shorabh_Jain

This script is trading below 20 & 50 MA, with weakness and downtrend visible on the chart. The script has also formed a descending triangle pattern. A breakdown of this triangle may lead to a correction. Entry and target levels are marked on the chart. Stoploss is to be placed above the previous swing high. NIFTY PHARMA INDEX is also weak.