Panchalk

Panchalk Updated 

Hatsun has just popped out of the channel....let's wait and see how it moves...targets are marked. Do your own research. This is an idea, not a recommendation.

Panchalk

Reddy's could move up the channel, if the last candle on weekly charts is any indication to go by - a 13% move until 5610..CMP - 4912. Let's see.

Panchalk

CESC has been trading in a choppy fashion, but the BO, retest and move up appears to be positive. Targets marked. Do your own research and take positions. This is an idea, not a recommendation.

Panchalk Updated 

Century textiles has broken put from a wedge like pattern. I am looking at it for a short term trade. Targets marked in blue. although i am looking at short term, Century is a leader in textiles and also has the largest single location paper plant in INDIA.

Panchalk

There is no clear sign if it will breakout or breakdown..i would keep it in my watchlist/journal though and put an alert in case there is movement on either side. Of course i am not interested in shorting, but will watch for a breakout.

Panchalk Updated 

This is an informational post...look at the move...really shot up

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HDFC BO'd out of triangle some days ago..HDFC is a heavy weight, moves SLOWLY, and has more potential for upside. it is not only the leader in private banking sector, but it is numero uno in middle market banking, leader in payments business ( it has issued 3.21 crore debit cards and 1.4 crore credit cards), leader in auto loans segment etc ...enough said..targets...

Panchalk

As mentioned it retested the channel and moved up...today it is up 6% already...targets marked..these targets are for short term. This is an idea, not a recommendation to buy

Panchalk Updated 

I am not sure yet if Indiamart will breakout out or breakdown from triangle pattern...but levels for BO are marked ( at least we can be optimistic)...keep watching

Panchalk Updated 

This is for educational purposes....this is a cup & handle and one can see how it moves up nicely ( shown by arrow). but you could see it go up to 2846...of course market is king and if the broader market is steady it will happen..in any case it has moved up

Panchalk Updated 

HFCL has given 400% return in last one year ( Zerodha)...and does not seem to stop ( candlesticks don't show any reversal as yet)...today it moved up 16%. Volumes have been heavy too which is a good sign. The pattern is drawn in monthly TF - if it continues this bull run it can reach 89. This is an idea, not advice to buy or sell. This idea is based on technical analysis.

Panchalk Updated 

Emami has broken out of channel like pattern....targets marked..From Technical analysis point of view it appears as if it will go up...let's wait and watch.

Panchalk Updated 

HCL was moving in a channel for sometime...breakout happened a few days ago and target 1 done...this is a large cap and has not moved up like TCS or Tech Mahindra ( recently it has moved significantly)..maybe it just might. Keep watching. Do your own research, this is an idea

Panchalk Updated 

M_M has BO'd, quite weakly out of the channel and pulled back also...but cannot see anything yet to take a position.... it has been coming down since awhile so an upward move can be anticipated....let us wait. This is an idea.

Panchalk

the stock has been falling since some time...2 scenarios possible - it will break the lower channel and keep sliding down. OR it will start moving UP INSIDE THE CHANNEL..it has been doing higher highs as seen in the channel pattern, so let us be optimistic. it can do a 22% move at least ( RR - 1:3.5) if it moves up. keep watching. This is an idea, not a recommendation.

Panchalk Updated 

Aster DM has BO'd from channel...up 10% today..targets marked.

Panchalk Updated 

Pfizer earnings release tomorrow will decide whether it will move up or pull back...but it could go up, if today is any indication....let's see, Targets marked.

Panchalk Updated 

TCS BO in daily TF...TCS moves slowly...so a long term view is in order...i would wait and see if it pulls back or keeps moving...volumes can be monitored. IT sector has been moving up in last couple of sessions.