Hourly charts : Looks set for a brakout above 382 levels. Volumes seem to be encouraging
Daily charts : Doji followed by a big white candle with good volumes.
Combining both of the above it looks set to retest its previous highs of 400 levels. 375 can be a SL.
Canfin Homes has confirmed a breakout in today's trade after a decent consolidation. ADX has crossed above 27. Looks good for more upmove. All corrections towards 1350 levels should be used to accumulate. Looking set for targets of 1463 and beyond.
Philips has given a breakout from a range of close to 200 with decent volumes. So should you buy the breakout ?
I would wait for it to break out of the upward sloping channel. If one looks at the last breakout, it did enter a long consolidation as it failed to break that channel. In stock market there is a saying, "History repeats itself" . Will Philips carbon...
JK Cement has given a breakout from a classic triangle pattern after a brief consolidation. Looks set to test previous high of 731 and make new highs if it manages to breakout from that level. However better volumes would have this chart more compelling, nevertheless worth watching for action on 01-Aug