Panchalk

Panchalk

CESC retested upper channel and importantly the last candle formed is worth noting ( weekly TF ). Bears had control for most of the week before bulls took over...hence the big wick at the bottom...which also indicates a move up...let's see how it plays out...targets marked. This is an idea, not a recommnedation. Also note 4 supports and 4 resistances inside...

Panchalk

Star cement earnings release seems to have been favourably received by the market...it is up 6.7%...if it crosses 118 in next few sessions it can reach target 1 at least...The volume has been big today, bigger than any day, especially if you consider 2021..so one can be optimistic that it will move further up. This is idea, not a recommendation

Panchalk Updated 

Tube investments is a solid company and a market leader in many manufacturing sectors..could see more upside..targets marked

Panchalk Updated 

Shriram has broken out of the triangle pattern...it is up 8%...Targets are marked 2071, 2326 ( NOT 2371)... you can go ahead and trade, but i would wait until there is a retest or pullback and then if it starts moving up again take positions. of course sometimes the momentum is strong and the stock keeps moving up without retesting at least for a few days and then...

Panchalk

Max has BO'd from channel and is up 6%. Targets are not market but 332, 381 for longer term can be next targets. Don't jump into the trade....if you have been following this stock you will see it has taken 4 supports and that is a good tradable setup for channels ( Investopedia.com). This is an idea, not a recommendation

Panchalk

Alkem has been in the channel for some time doing higher highs....and has BO'd out of it. Targets marked.

Panchalk

It appears as the stock broke out of the channel but see the big rejection of the last candle...long upper wick of the candlestick. So i would not take any position as yet. Volume is decent but the rejection is worrrisome. Let's wait and see what happens. The stock has been doing higher highs though. Cheers

Panchalk Updated 

Ipca has broken out of the wedge just now...but should you take a position?...NO. If you watch volumes you can see they are low...so we wait..if it breaks out decisively and the PULLS BACK, touching the wedge, and then gradually starts climbing up again then it is suitable to buy. See Piramal (PEL) stock, it has done exactly that..

Panchalk

Laurus had met with resistance at this zone ( 687-693) - marked, and started moving down and then did a bullish engulfing candlestick pattern ( see black arrow) and started moving up...crossed the resistance zone and is slowly moving up. Laurus Labs has solid fundamentals and has moved big already but has potential for more upside. targets marked

Panchalk Updated 

DB Corp has moved out of the channel with huge volumes...and looks good to touch 133...targets highlighted by horizontal lines. Dainik Bhaskar is a media and newspaper company with presence in more than 11 states. But is a small cap ( 1709 crores - according to Zerodha), so trade cautiously .

Panchalk

Beautiful breakout from the triangle pattern...target is not important, but if you traded this you could have made money. it is a small cap so caution is advised. This is an idea, not a recommendation.

Panchalk

Kotak has crossed 200 EMA on daily charts, and appears to breakout of the wedge pattern...it had been falling since some time - from 2049(52 week high) to almost 1600's...if the market remains steady it will breakout and move up..targets marked

Panchalk Updated 

Vardhman BO'd few days ago, and opened today with a gap up and looking good to reach 1800. Let's see how it pans out..This is not a recommendation, just an idea

Panchalk

PEL retested channel and has moved up...targets marked.

Panchalk Updated 

KSB has moved up 8% already and good time to swing trade...has potential over few weeks to move up to 1132. keep watching. Do your own research. this is an idea, not recommendation.

Panchalk

Swan has zoomed off today, breaking out of the triangle pattern....targets are not marked but 202, 235 seem possible, although upper circuit today is 175.7...let's wait and see ...it is a small company with a mediocre growth, so i am not expecting too much movement but you never know

Panchalk

If you see the chart, you will observe that all GREEN CANDLES ARE BIG, and RED CANDLES are relatively smaller...a good sign...expect more upside...targets marked. This is an idea, not advice to buy or sell.

Panchalk

It has BO'd from channel some time ago and today it moved up 9.8%...volumes are ok. Targets marked. This is not a recommnedation