Dabur broke out of 35-40 trading sessions resistance level pf 384-386 which got rejected multiple times in last 30 trading sessions. Could be bought with mentioned stop-loss & target
* Exceptional earnings * Very strong up trend * High 3-month relative strength of 2.43 in the Finance sector * Pays out quarterly dividends * Breaking out of a ~5 month base Trade Idea: * You can enter now as the price is just breaking out of the base. * Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the...
* Perfect earnings * Very strong up trend since inception * High 3-month relative strength of 1.65 in the Tech sector * Pays out quarterly dividends and just last quarter it increased its dividends! * Broke out of a ~5 month base with volume * Broke out late December and has been consolidating since then right above the breakout point * Even with the uncertain...
Relaxo Footwear was facing strong resistance around 1332-1345 from past almost 2 months & get rejected around these levels multiple times. Today, Relaxo managed to break past these levels & trading above it comfortably although with not that good volumes. Could be bought with mentioned stop-loss & targets.
BPCL was rejected from these levels two time in december, today its breaking above 394.55 comfortably with good volumes. Buy BPCL with mentioned stoploss & target
Grasim is breaking out resistance zone. Could be bought with mentioned stoploss & targets
Indigo broke out of its 40 days of resistance 2030 which got rejected multiple time. Indigo comfortable broke above & closed above 2030 after mire than a month. So indigo could be bought with mentioned stoploss & target.
Alembic Pharma is breaking out of 7 months of consolidating range. Price got rejected multiple times at 820 levels. Today it broke above with good volumes & trading comfortable above it. Could be bought with mentioned stoploss & target. Not to be missed breakout.
Cipla Breaking out of multiple time resistance zone of 902-905. Could be bought with mentioned sloss & tgts.
HUL is facing very strong resistance at 2325, HUL couldnt break this level of 2325 multiple times. HUL is buy only above 2325 with mentioned targets & sloss
Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time. * Excellent earnings * Very strong up trend * High 3-month relative strength of 2.61 in the Industrial sector * Breaking out of a ~9 month base with higher than average volume * Tried to break out a couple of...
Torrent Power broke & trading above strong resistance of 548 which got rejected many times, now its trading above with decent volumes. Could b bought with mentioned sloss & tgts.
Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher. * Excellent earnings * Very strong up trend * Very high 3-mont relative strength of 6.87 in the Financial sector * Breaking out of a ~2 month base with higher than average volume * We can see that it tried to break above earlier but came...
CCL Pdts broke out of very strong 5 months resistance. Could b bought with mentioned sloss & tgts.
Tatasteel is breaking out resistance zone of 1120-1124. Could b bought with mnetioned sloss & tgts.
* Great earnings * Strong up trend * High 3-month relative strength of 3.06 in the Financial sector * Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average * Base of the cup is ~21 week with the handle lasting about 4 weeks * Also created a double bottom during the base Trade Idea: * Given the setup, now would be a great time...
* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great...
* Excellent earnings and accelerating * Very strong up trend since inception * High 3-month relative strength in the Tech sector * Breaking out of a ~5 month base creating a cup and handle pattern * Depth of the cup is ~15.5% * Breaking out with higher than 15 day average volume Trade Idea: * Given the current market conditions you can open a small position...