Novice_Chartist

Novice_Chartist Updated 

The stock is showing an ascending triangle pattern. WAIT for a confirmation of breakout of price at at or above 986 on closing basis on the daily chart with volumes greater than previous few days. Once the confirmation is received, the stock will give a bounce to 1075 in a short span of time however the final target for short term traders would be 1140. Stop...

Novice_Chartist Updated 

A rising wedge can be observed on the daily charts. Until there is a confirmation of breakdown, don't get a premature entry into this trade. The targets are: T1 503; T2 481; T3 443. Stop Loss should be maintained at 565 if you decide to enter this trade early.

Novice_Chartist Updated 

On the daily charts, HDFC Life has formed a Double Top pattern. A breakdown was observed on 9th March 2020. Subsequent to which lows of 340 was achieved 23rd March 2020. An intermediate rally has taken the stock to 495 as on 19th April where it faces major resistance of the primary trend line as well as a resistance zone in general. If the stock is not able to...

Novice_Chartist Updated 

LAURUSLABS has given a strong breakout above its resistance and it may be advisable to go long on this stock. The Stop Loss should be maintained at 475. Targets; T1 - 550; T2- 575; T3- 620. Disclaimer: I have also taken a long position in this stock and will follow the price levels given above.

Novice_Chartist Updated 

L&T has been making Ascending Right Angled Triangles and the trend line on daily charts is also showing bullishness. If L&T decisively breaks (a closing price with heavy volume) over and above 922, I believe that we may see levels of ₹1000 before 4th May.