BattleofStocks

BattleofStocks

#SBILIFE Multi-year breakout stock -Confirmed diagonal resistance Breakout after >4.5 years -Continuous higher low formation -Strong Increasing volume Definitely worth to keep in watchlist; A retest on this stock can ignite interest for potential long.

BattleofStocks

#ASHOKLEY Good stock for a breakout and move further -Breakout -Rounding bottom formation -Volume spurt Overall good chart

BattleofStocks

#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.

BattleofStocks

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...

BattleofStocks

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.

BattleofStocks

#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.

BattleofStocks

#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.

BattleofStocks

#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.

BattleofStocks

#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.

BattleofStocks

#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!

BattleofStocks

There is a good possibility that #NIFTY comes down to 20500 levels to close the gap it created in Dec’23. Market does not like to keep inefficiencies pending. More so, there is a confirmed weekly bearish divergence on RSI.

BattleofStocks

#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.

BattleofStocks

GOLD XAUUSD has confirmed a multi-year breakout on weekly timeframe. It has been in consolidation mode since 2020 and last weekly candle is the first candle that closed above the big resistance as can be seen on charts. MA's also are aligned; this definitely looks like its going up 20% in coming months.

BattleofStocks Updated 

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.

BattleofStocks Updated 

#EPL At higher timeframe horizontal + Diagonal support. Also, on lower timeframe the market structure has changed to bullish. + Fib supports this pullback + bounce! All in all a good bet for about 20% upside. Let’s see!

BattleofStocks

#MFSL Max Financial Services Ltd. looks good for more upside. Reclaimed a very important S/R zone (orange); Currently at Golden fib zone. Also, Insurance sector overall seems to be gaining momentum. Expecting an upside of about 20-30% in coming weeks/ months.

BattleofStocks

#IPCALAB Stock looks good for another 20-25% move above. A candle close below ₹1100 would trigger me to close the position. 1) There is a bullish pennant forming with measured target of above ₹1400 2) Horizontal previous ATH support - Looks great.

BattleofStocks

#ITC ITC LTD looks bad here. Market Structure is bearish, price can go lower. ₹445-₹460 can be a good level to short if market gives a chance in future. There is a gap/ inefficiency that price has left above, which might get mitigated in future.