Aegis logistics NSE:AEGISCHEM has broken out of inverse head and shoulder pattern on weekly chart. The stock has also shown accumulation on lower levels as seen from chart with volume spikes. The stock has also crossed a crucial supply level of 250 which is to be observed on weekly basis for any weakness in chart.
NSE:NAHARCAP has started its second leg of upward journey. There are volumes increasing at each breakout. Keep stock in watchlist.
NSE:JINDRILL has broken out of multi year base with significant volumes. The stock is also outperforming benchmark index NIFTY 50 since last three months. Only caveat is its EPS strength on marketsmithindia.com is 'FAIR'. Small position can be added on pullback and then watch the trend.
In volatile markets like current times, strong stocks display some characterstics which make them attractive to buy with low risk and high reward. When broader markets takes short upturn, these stocks break out of large bases with significant buying volume. Also, when broder markets taken short downturn, these stocks pulls back to retest the support level which...
Nifty Energy is one of the sectors outperforming or withstanding current market volatility. Adani Power a stock from energy sector is outperforming the index and sectoral index since last three months as well as last week. The stock has currently broken out from a triangle formation supported by significant volume. The stock is a buy at the test of horizontal...
After a multi year breakout on weekly time frame, LaOpala is ready to test the uptrend line. It can be seen on chart that while price is moving down; volumes are not supporting. There have been many spike in volume when price went up showing accumulation at this stage. I am long on this stock.
Hero MotoCorp is has formed a cup and handle pattern and retested handle part today. This is perfect entry according to risk and reward.