#ASHOKLEY Good stock for a breakout and move further -Breakout -Rounding bottom formation -Volume spurt Overall good chart
#WELSPUNLIV broke out after >2.7 years of facing resistance. Also, it is forming a cup and handle pattern and looks very bullish as the volumes are also supporting the breakout. In my opinion, we can long here with a target of 300 and SL of 150. Do your own research before investing.
Indian Oil Corporation Limited looks ready for breakout. As of now, stock has been under consolidation just above Previous ATH levels and forming a bullish MA formation along with nice volume breakout. SL can be of 5% (candle closing basis) with targets of ₹217 levels. First target can be of ₹196. Do your own research before investing as this is just the stock...
Hindustan Petroleum Corporation Ltd looks good for a nice 15-20% bounce if today's candle closes above ₹345/- and entry will trigger when tomorrow candle closes above today's high. We can see nice base formation in stock with MA squeeze happening.
Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity. Reasons are listed below : A notable breakout has occurred, as the stock successfully breaches...
#TATACONSUM looks great for long and is breaking out of diagonal resistance. Also, we can see MA compression and also price piercing through the MA's nicely. Volume also supporting this upmove. Overall, this looks like a nice breakout in process after consolidation.
#KRISHCA This #SME stock is in my watchlist! Nice range breakout supported by volumes! Stoch has been in consolidation since a good period and breaking out with volumes today. The measured target can be 50% post the candle high break of the daily candle which confirms breakout.
#RKFORGE Stock made a nice run since Jun’22 and gave 5x returns; has been in consolidation mode since then for about 290 days. Breaking out now with crazy volumes not seen in 2024. Looks good for more upside. Measured Target for this is about 34% which is also the length of the consolidation range.
#GRAVITA Stock has broken out of a 217 days resistance with a breakaway gap; made continuous higher lows below resistance before breaking out. In my opinion, if price comes down to ₹1180-₹1100 levels, it could be a good level of interest.
There's selling pressure from upside! But the stock seems to have formed a strong base near 950! A long can be initiated here and buy on dips formula can be applied!
Study Shared on 02/05/2024 .. Hindustan Zinc in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and now the 3rd largest Silver producer. The company has a market share of ~75% of the growing Zinc market in India with its headquarters at Zinc City, Udaipur along with Zinc-Lead mines and smelting complexes spread across the state of...
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern! For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
#BajFinance has been consolidating in this channel since Sep’21 IF and when this breaks, it will be a decisive move and can set the trend for next few months. Mark these levels on your chart so that you do not miss the breakout!
AEGISCHEM go long if it cross 387.15 Entry: 387.20 stop loss: 317.90 targets: 518.95 Time Period: 6-7 months Please consult your financial advisor before getting into the trade.
#WSTCSTPAPR Nice retest of the breakout parallel channel. If this retest holds as support, I think price can bounce nicely in coming day/ weeks. Weekly Stoch RSI also crossing bullish! Expecting 20-30% move minimum.
Taking a long position regardless of the bearish pattern! The stock is down over 50% from its all time high and seems consolidation done! Long in it! Target-2200 Above that TSL!
150 has always been a responsive zone! A position near it with a sl below the rance and target being the resistance! Would like to hold and see if it gives the potential breakout returns! Long in it!
Stock looks good for upside at current levels. S/R zone (in blue) tapped; this zone has acted as a good resistance zone earlier and now should act as a good support zone. Also price has moved back inside the range (marked in orange). I see good upside in stock in coming days.