The stock was trading in a box/rectangle for some months now and has broken out with decent volumes...up 6.7% today..targets marked
P.S. Just an aside - the company has done quite poorly - ROE, ROCE, ROA and revenues are very poor, yet the stock is up 100% ++ since last year...it was at 605 same time last year...quite surprising - so these are the vagaries of the...
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.
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.
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
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...
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
Thermax BO and then pullback, like a retest, now we have to wait and see how it behaves..on daily TF it has found support and there is a possibility it could see some upside...targets marked..market is king and in last few sessions it has been going down...let us hope for the best
Metropolis was moving in a channel pattern and it broke out and again RETESTED the upper channel before making a big move today..
target 1 - 2611 ( already done)
target 2 - 2888...
Today it has been doing the ABCD pattern...impulse move, followed by pullback..and impulse move again
Indigo has BO'd but 1895-1900 is a resistance zone for it...If it opens with reasonable volumes and moves up with good momentum it can reach targets mentioned...let us wait and watch...aviation sector has been hit during covid 19 crisis and as things stand there is still uncertainty..
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
SFL had been trading for a long time in this box/rectangle pattern and today it broke pout of it with decent volumes...looks good to reach 2665 ( upper circuit). This is an idea, not a recommendation to trade
LT is a company which is cash rich, and growing, albeit slowly...it has just BO'd from channel. This is a monthly chart and LT was on my watchlist for some time. targets are marked. But i would not jump into it just yet...let us see what it does in next few days and weeks.
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.
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