#UPL CMP 760 Long suggested ONLY above 800. Stop once initiated at 740. Target open Logic: Cup and cheat pattern formation accompanied with strong underlying trend. Currently stock in consolidation phase, hence entry just above breakout suggested.
#INDUSINDBK Positional and Intraday trading opportunity. CMP 1485 Short at 1465-1468 Stop for intraday 1490 Stop for positional / swing 1525 Target Open. Logic : 1) Bearish trend template (daily chart)- Filter 1 2) Downward sloping daily pivotzones (5 min chart) and close below 375 period moving average of daily pivot zones (5 min chart) - Filter 2. 3) Price...
#CEAT CMP 1188 Short suggested at around 1185-1188; stop 1225 Logic: Stock has formed a consolidation pattern in the form of H&S amidst its strong downtrend as confirmed by Trend Template.
#LTTS CMP 1652 Long suggested above 1680. Stop 1600 Target Open #VCP #Volatilitycontractionpattern
#RELIANCE CMP 1140 Long suggested above 1145. Stop 1095. Target Open Logic: #VCP #VolatilityContractionPattern Perfect VCP accompanied by Volume behaviour as well.
#AARTIIND CMP 1550 Stop 1375 Target Open Logic : Cup and handle breakout witnessed in weekly chart accompanied with good volumes. YoY quarterly np, op and sales has been increasing at a good rate over the last 3-4 quarters.
CMP 3462 Long suggested above 3520. Stop 3370. Target Open. Stock passes trend template Stock is exhibiting Cup and cheat pattern in daily tf. Fundamentals fairly decent
#MK #BIRLACABLE cmp 197 Long suggested above 205. Stop once long activated - 185. Logic Stock in a strong uptrend and passes trend template (MM). (indicated by 1s in the chart display text) Stock is currently in consolidation pattern and a possible volatility contraction pattern formation is taking place which will be confirmed once it breaksout of 205...
#MK #TEAMLEASE CMP 2837 Long suggested ONLY above 3075. Stop once long activated at 2700. Logic: Stock qualifies the trend template (1. stock above 30 week and 40 week ema 2. 30 week ema above 40 weeek ema 3.200day ema trending up for atleast 1 month. 4. 10 week ema above 30 week and 40 week ema. 5. stock above 50 day ema. 6. stock atleast 30% above its 52...
IOLCP CMP 173 Long suggested above 180. Stop once long activated 160. Target Open. Stock has been witnessing strong buying at every correction with good volumes Stock has formed a sort of reverse H & S pattern. Stock has been hovering above the monthly pivot zone. A breakout above 180 will confirm momentum for further upside. Strong...
4360 long suggested above 4600 Technicale rationale : VCP in progress accompanied with volume contraction. Possible expansion in coming trading days. Price resting at support , quarterly pivot zone. A break above 4600-4675 zone confirms the completion of vcp breakout. stop suggested at 4100 once long activated. Fundamental rationale: Fundamentals dec 17 / mar...
CMP 3079 Fresh Longs suggested above 3225. Stop 2750 Target Open Logic: 2T VCP in progress. Confirmation of completion when price goes past 3220-3225. Price taking support from confluence of supports provided by Quarterly vwap and Quarterly Pivot zone.
MUTHOOTFIN cmp 505 Target open Long suggested ONLY above 525-530 zone. DO NOT ENTER BELOW THIS AS STOCK MIGHT GO THROUGH ANOTHER CONSOLIDATION PROCESS AS WELL AFTER TOUCHING 525-530. Stock currently is in the process of consolidation resulting in the formation of cup pattern. A breakout above 525 indicates a possible fresh upmove. Stop around 470-475 VWAP RSI is...
MK #BANG CMP 60.15 Long above 61 suggested. Stop 53. Logic : Nice long VCP breakout based setup observed with good volumes. RSI VWAP continuously at bullish zone.
CMP 251.50 Stop 220 Target Open 1) Stock has taken support at Yearly VWAP 2) Stock has taken support at previous quarter high 3) Next Quarter's pivot zone higher than current quarter's pivot zone.... suggests a possible bullish outlook. 4) PEMA oscillator starte sloping upwards. 5) Relative strength with respect to broader market is sloping upwards. 6)...
BAJFINANCE CMP 2597. Weekly chart - Stock moves past quarterly pivot zone. Daily chart - Stock moves past monthly pivot zone. Long suggested with a stop of 2250. Target Open.
SANOFI CMP 6304 STOP 6000 TARGET OPEN Daily Chart Possible Volatility contraction pattern 3T observed. Price getting support from pivot zones. Pivot based emas started spreading out indicating possibility of price moving up.
CMP 7557 LONG SUGGESTED ABOVE 7900. Stop 7300. Possible 3T VCP completion above 7900.