Motherson ready for fresh up-move as trying to breakout from H&S like pattern . A sustained close above 101.5 needed. Volume, Momentum and RS improving.
JBMA is forming a 3 day high tight flag in daily TF. Break out of the same above 1745 zone with good volumes may result in stock testing 2050/- Level. Momentum and RS is good.
JWL has given symmetrical triangle breakout during last trading session with huge volumes, but the stock is still trading below 350-365 zone where the price has faced fairly strong resistance during Sep, Nov and Dec (2023). Volumes, momentum and RS appear favourable. Stock can be kept on radar for a short duration swing trade with safe entry above 365 zone and...
Stock gave break out from historical resistance on 26 Dec 23 with good volumes. Retest of the same completed today. A short-term long side opportunity may unfold if price breached 388 level with good volumes (preferably more than today) then stock may test 440-450 zone. sl to be kept below 367.5. RS and Volume are good. Momentum needed for trade to achieve desired...
Stock has formed Cup & Handle pattern. Price breakout of the handle was seen on 26 Dec 23 with good volumes, but stock started trading in a tight range right below the absolute top of the cup pattern with low volume. if price breaks above 950/- Level with good volumes and breakout sustains, the stock may give a good upwards move of 25% to 28%. Entry: Above 990;...
SBCL can possibly give an approximately 15% up-move if crossed 618 with a strong candle supported by good volumes as retest of the rectangular base breakout is done and now is the opportunity for safe entry. Though first entry was at 562- 565 zone at consolidation breakout. Volumes, momentum are good an RS is improving. ** Might face some Resistance @ 626-631...
Keep Nava Ltd on radar as stock is ready for breakout from Inverted Head & Shoulders pattern in daily TF. Volumes are improving gradually. Momentum gaining strength. if breakout of Neckline @ 468/- sustains, then price may touch 562/- Level.
IEX trying to break-out from 67-wek long rectangular base. Volumes, momentum and RS improving. A sustained close above 161 needed for upmove.