AuropharmaAuropharma broke out of 3 months consolidaion range with decent volumes,
Could be bought with mentioned stoploss & targets.
Congestion_zone_breakout
GlenmarkGlenmark looks like had a blast above 410 level, its just the begining, it wont stop here . Glenmar consolidated for almost 5 months with 2 rejections @ 410 level, finally broke out of it with huge volumes.
Could be bought & hold least till the end of november with mentioned stoploss & target.
HUL- The Great BullHUL is trading inside ascending triangle pattern with good volumes on smaller TF.
Also level of 2613 happens to be strong resistance zone.
If HUL-The Great Bull manages to break past 2613,
Then its a BUY with stoploss of 2850 & target of 2700 in max 2 trading sessions.
MFSLMFSL is on the verge of breaking triangle pattern as well as multiple resistance zone of 773-774, if it sustains above 774,
then its a buy with stoploss 760 & target of 800
AMZN: A breakout from a Congestion Zone! What's next?• AMZN triggered the bullish sign we discussed last week, by breaking the $117 area, and it is behaving just as we expected. As usual, the link to my last analysis is below this post;
• Now that it is not in a congestion anymore, AMZN is free to seek its next resistances. Ideally, it would fill the gap at $136 in the next days – Remember, gaps work as magnets during reversals;
• AMZN is consistently trading above the 21 ema, which is good, but the reversal is still on early stages, and any bearish reaction could frustrate the bullish thesis;
• What kind of reaction could make AMZN reject the bullish thesis? If it loses $117 again it wouldn't be good. If it triggers a bearish reversal structure, it would be worse. So far, there’s no technical bearish reversal structure around, just an important resistance level, as seen in the daily chart below;
• The main problem on AMZN is the 21 ema, as any bearish top sign around this area would give us the impression of a Dead Cat Bounce, just for AMZN to resume the drop all the way down to $112 again, or even to the $102;
• Therefore, the situation is still delicate, and AMZN still has a few challenges before truly reversing this bearish sentiment;
• For now, let’s keep our eyes open around the $117 - $118 area;
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
MCXMCX broke above multiple resistance zone of 1303-1313 & looks like its closing above resistance level with very good volumes.
Could be bought with mentioned stoploss & targets.
IPCALABIPCA is placed @ strong congestion zone which it did clear in the morning but could nt sustain above 900-902 levels, sustaining above 900 with good volumes suggests it ll overcome will give a good breakout,
Could be bought here @ cmp 901-902 with menioned stoploss & targets.
ACCACC is set for something big, made triangle on weekly chart & trading above breakout & trading above all multiple resistance zones.
Could be bought with mentioned stoploss & targets.
jubfoodjubfood made triangle pattern on daily charts & broke out of it with very good volumes & also broke above strong resistance zone of 599-601 & trading comfortably above it.
Could be bought with mentioned stoploss & target.
AxisbankAxisbank broke out of multiple strong resistance zone of 739-740 with decent volumes.
Could be bought with mentioned stoploss & targets.
MCDOWELLMcdowel is trading in multiple times resistance zone of 830-835 if it breaks above 835 zone then its a buy.
With mentioned stoploss & targets.
JSWSTEELJSWSTEEL breaking out of 4 months of multiple times rejected resistance zone with good volumes
Could be bought with said stopliss & targets.
LUPINLupin breaking out of almost three months of consolidation phase.
Could be bought with mentioned stoploss & targets.
HDFCLIFEAfter rejecting from 654-656 levels multiple times, finally HDFCLIFE broke out with decent volumes.
Could be bought with mentioned stoploss & target
LAXMI ORGANICLaxmi Organic is near its strong resistance zone of 444-454 with more than average volume.
Could be bought only above 454 with mentioned targets & stoploss.
DaburDabur broke out of 35-40 trading sessions resistance level pf 384-386 which got rejected multiple times in last 30 trading sessions.
Could be bought with mentioned stop-loss & target
RelaxoRelaxo Footwear was facing strong resistance around 1332-1345 from past almost 2 months & get rejected around these levels multiple times.
Today, Relaxo managed to break past these levels & trading above it comfortably although with not that good volumes.
Could be bought with mentioned stop-loss & targets.
BPCLBPCL was rejected from these levels two time in december, today its breaking above 394.55 comfortably with good volumes.
Buy BPCL with mentioned stoploss & target
Oberoi RealityGet ready to board OBEROIRLTY departs above 915, Oberoirlty about to break very strong resistance with got rejected multiple times.
Buy only above 915 with mentioned stoploss & target.
INDIGOIndigo broke out of its 40 days of resistance 2030 which got rejected multiple time.
Indigo comfortable broke above & closed above 2030 after mire than a month.
So indigo could be bought with mentioned stoploss & target.
Alembic PharmaAlembic Pharma is breaking out of 7 months of consolidating range. Price got rejected multiple times at 820 levels. Today it broke above with good volumes & trading comfortable above it.
Could be bought with mentioned stoploss & target. Not to be missed breakout.
TatasteelTatasteel broke out of falling wedge channel & also resistance zone of 1120=1125 with decent volumes.
Could be bought with mentioned stoploss & targets.
MUTHOOTFINMuthootfin broke out of traingle pattern as well its congestion zone of 1500-1516 & comfortable trading above it with decent sorts of volumes.
Could be bought with mentioned sloss & targets
