Shalimar has BO'd from channel and is moving up with good volumes...importantly it has also taken SUPPORT of 200 EMA. Targets marked..broader markets are sliding or consolidating so trade cautiously..this is an idea, not a recommendation. Shalimar is up 7% today
Safer to trade once it crosses the marked zone with good VOLUMES ( important)....targets are not marked but 1353, 1465 can be possible targets... what happened today - it opened with a big gap up moved almost 8% and then closed in RED..be cautious
breakout with good volumes always provides confidence...but when there is a big move it is followed by some pullback or consolidation ( remember nothing is 100% foolproof1!!)..i usually watch what the stock does after a big move..it could also keep moving up..keep watching..targets marked...Suprajit as a company has EVOLVED & ADAPTED nicely over time, so i would...
Genus has fallen sharply and now it has found some support in the lower channel with a small move up..let us hope ( we can only play with PROBABILITIES) it moves up and if it does then the move shown can be achieved. Genus is a small cap so play it carefully, i would put my SL just below the 200 EMA...a safe place. This is an idea, not a recommendation.
Capri Global moved 6.5% today and if it keeps up the momentum it can break out of this rectangle pattern...it has been moving in this narrow zone for some months now...i am hoping for an up move...but, if it breaks down then it will reach the next support..let us wait and see. This is an idea, do your own research
Glaxo has BO'd from triangle pattern...it has been falling since some time, and IF IT CROSSES THE 200 EMA with good volumes in coming days, then i would take a position, not before that...because it could hit the 200EMA and slide down again. This is an idea, not a recommendation...remember the broader market has been falling too since a few days so be cautious.
IF SBI cards clears the resistance zone marked - 1131-1147...then it can reach the targets marked...it is trading since a few session close to the resistance area, which is also the upper part of channel. Let us see how it pans out. This is not a recommendation. Do your own research
Ultratech has just BO'd from the chart pattern ( you don't want to jump into the trade right away, but watch for little while), and before that it tested the S&R at a zone ( marked by rectangular zone) and started moving up..good for 10-15% move..This is an idea, not a recommendation.
Ramco has just BO'd from the triangle pattern...yesterday it had moved 7%...targets are marked..cement companies have been going up since a few session. Do your own research. This is an idea, not a recommendation
IF JK Cements starts moving up the wedge targets can be achieved..the market has been choppy in last few sessions so let us see how it pans out, but let us be optimistic..Please trade with SL. This is an idea, not a recommendation
This chart is plotted on weekly TF and it is a multiyear breakout...realty sector has been experiencing a boom so it is no wonder that all stocks are rising with it..targets marked for short term but if the broader market is steady this stock could see more upside...let us see how it pans out..
Heritage has BO'd fro triangle and moving up with decent volumes..targets marked for short term..if broader markets are steady then heritage will achieve targets,,This is an idea, not a recommendation to buy
ICICI has JUST POPPED out of the channel....and today 23rd Oct was the quarterly (Q2) earnings results of the bank....the bank has posted a 30% growth from same time last year - PAT grew to 5511 crores and more importantly outperformed Nifty Bank which grew 21% in the same period...another significant thing - Non Performing Assets ( NPA) is lowest since...
Sterlite has broken out of triangle pattern with good volumes. Let us see if it pulls back and moves up again or keeps moving up...targets marked
It has a good order book for 2021-22, so let us be optimistic.