Panchalk

Panchalk

Importantly if you look at the lower end of the WICK of the last candle you will see that it is quite long, signifying rejection and bulls making a handsome recovery , which is a bullish sign..i would expect more upside...especially if it comes out of the flag fold with good volumes ( important)...i think i have explained the idea, but remember that this is the...

Panchalk Updated 

MMTC has been moving with good volumes in the last few months..channel pattern in monthly TF sugggests that if it it breaks out of the upper channel it could go up to 67. CMP- 46.1 SL 35 Target 67 This is an idea.

Panchalk

Chart drawn in monthly TF and it has BO'd some weeks ago...but looking to reach 162.8..if the broader market is supportive it is possible..this is a small cap so be cautious...This is an idea, not a recommendation

Panchalk Updated 

multiyear breakout from wedge...it has already moved out of the wedge some months ago....ideal entry would have been 98...but it has potential to move up to 147 and beyond...147 is not marked as a target but it is an important S&R level if you observe the chart..This company is a leader in manufacture of speciality pipes in India...but is a micro cap also, so a...

Panchalk

PEL BO'd out of channel then retested the channel and moving up again..targets marked. Trade at your own risk. This is just an idea

Panchalk Updated 

Rain industries has BO of the channel just now...if the broader market is steady it could move up CMP 205.8 Target 229 This is an idea, not advice to trade. trade with SL.

Panchalk Updated 

This is a multi year breakout from a wedge like pattern...it is also trading above the 200 EMA, a very important moving average, so that gives more confirmation...41, 57 possible, right now it is at 29. Please invest with caution because this is a micro cap...market cap of 750 crores with poor fundamentals...of course we are only looking at technical...

Panchalk Updated 

ICIL has broken out of a flag pattern...potential to reach 199, 208...This is not an advice to trade, just an idea. ICIL has grown 358% in one year..

Panchalk Updated 

Cyient BO'd from channel some 1 hour ago...and has gone up 12%...Target 1 was hit just 10 mins ago. Cyient is a small company but we can hold it until target 2 is hit..This is not a recommendation, but an idea. Do your own research and trade. Cheers

Panchalk Updated 

Actually after BO from expanding channel it has formed a TRIANGLE PATTERN, had a gap up opening and BO from the triangle today...898, 946, both targets possible since Motilal is trading with good volumes - the best volumes in past one year...this is just an idea. Do your own research and trade.

Panchalk Updated 

moved 7% today, broke out of wedge, and we could see more upside, especially with the markets posting all time high today..targets are marked. Trade at your own risk. Do your own research.

Panchalk Updated 

BO with big volume from triangle..targets are marked..This is an idea, not a recommendation to buy ..target 2 is 780, which might take time..

Panchalk

Rallis has popped up above the channel..volumes have been good since last June 2020...362 is the 52 week high...targets marked...this is not for short term..this is also not a recommendation..but a multi year breakout is something which should get our antennas up...market has reached an all time high today...but we don't what happens tomorrow...let's play with...

Panchalk Updated 

LTI has had a big move up and now consolidating forming what appears to be a flag - why do i say "appears" - because flags have folds which have a sag at the folds, causing the prices to drift down on decreasing volumes - here the fold of the flag has formed a box like channel - which is not a true flag, but if it manages to break out of it, it can reach the...

Panchalk Updated 

Brigade has BO'd from a wedge like pattern with good volumes...Targets highlighted - 321, 363. Caution - This company has been performing very poorly..fundamentally very weak. But as you know - when the market favours a stock then anything is possible - 321 is the 52 week high so expect resistance there. I am publishing an idea, and the chart pattern is good. Do...

Panchalk Updated 

Triveni has moved 9% today with good volumes. CMP -122 target - 132 It depends how the market will move...last few sessions market has been trading in red. This is an idea, not advice to trade.

Panchalk Updated 

BO with quite good volumes today and moved up 6%...if you observe all green candles are big...red candles are small...that's a bullish trend..of course like all things in the market nobody can predict anything...we play with possibilities, and if market is green tomorrow we can expect more upside from the stock. This is just an idea, not a recommendation. Targets marked.

Panchalk

JM Financial has BO'd from triangle pattern and could possibly reach 115. This is an idea, not recommendation