Graphite India Good break out with Volume today. Points 19th August trend line closure above. with green candle. Next 3 days retraced to trend line. Today (25th Aug) took support at trend line and Zoom. Also crossed 100 date price @ 202 target around 220 An one more. Volume fell last 2 days along with price indication no sellers.
REC Cup and Handle in progress Two possibilities Buy when trendline of handle breaks out. or By above 100 day price of 117.4 So a buy around 118 can expect a move for 12 rs Watch for Volume when 118 is broke. Else i dont see much strength in move.
Rallis looking at a breakout above 307 for target height of triangle of Rd 35. RSI is goof but would like stochastic to move up a little. 100 day high is around 324 so have to watch out that area. ATR is low. The previous Cup break out is still in progress.
HDFC breaking out. Crossed 1836 19th August high. Good bar. Small wick so far. Took support at 9EMA today and probably 9EMA will cross over 21 EMA today giving us more conformation RSI and Stochastic as per rules.
Trent Breaking out Good Volume last 4-5 days Need to cross 635 horizontal resistance. Could become a buy above trend line around 642 levels for a 10% move. Also currently above 9EMA RSI and Stochastic are as per rules. Simple chart. No complications.
Tata Chemicals. Larger green candle with volume break out. Stock above 9 EMA Just waiting to clear the box. But need to watch 338 - 340 levels . Last couple of years seen resistance in that area. SO a breakout above 324.8 for 335 area should be possible. RSI and Stochastic are with rules.
Granules India The two green candles out of last 4 candles have good volume but both have wick on top. Stochastic and RSI are as per rules. Buy can be initiated only after 325 levels for Rs 10 move. A lot depends on bar and volume in the coming days. One good point is support at 9 EMA is being held so breakout can be expected.
Bajaj Electricals. Broke out with volume followed by a bigger volume on second day. Now stock retraced back to 9day EMA with reducing volume and had a green candle on Friday. Since the height of triangle for hit and retraced now the target cab be 520 levels (466 - 378 = 88) 480 + 70 = 550 Pivot at 527 which could be the target for this proposed move.
Vinati Organics. Broke out of box. A buy could be placed around 1040 levels. Due to wick on top and support around that levels on left side. Target 1090 - 1100 levels RSI and Stochastic are as per rules. ATR too is low. Generally the rule is to buy above high of breakout candle. But Wick being on top a small retrace is possible.
Cup and Handle pattern indicated Previous time frames Indicate white Soldiers indicating an uptrend . Awaiting next candle for confirmation Buy above 40.10 as various resistances and supported by pivot Height of cup 25.80 Target 44.40 , 47.75 Rsi 59 Stoch, 40,27
Nothing much to write. The way other stocks are moving its either a $100 or $200 move depending on you taking the cup or triangle breakout. Long above 1570 and will add more once 1588 is taken out. RSI and Stochastic as per rules.
Bullish Flag. But breakout candle is with a long tail. Good Volume. No doubt. Need to cross the 228 - 230 levels with good candle being good portion of candle body to be above 230 and close above 230. Then possible for 50 to 55 Rs move as post is 225 - 160 = 65 Rs. Above 230 i will look for a 280 - 285 as target. This is good company but not for quick profit...
Ascending triangle breakout. for good Rs 40 move. So 10% possible. RSI and stochastic are good numbers. But volume has to increase with breakout. And breaking out candle should close above 373 with small tail and good volume. 375 to 410 - 415 should be good trade.
When we draw fibo for the swing it retraced to .382 levels. So Up move is intact. I need to cross 465 with Body above breakout line and continuing with good volume. Stock has doubled in two months so strict stop loss . One bad view in chart is when candles are compared to candles on left side little scary. But RSI and Stochastic are as per rules. ATR is high but...
Well What to say. Icici seems going nowhere like SBI Below 340 looks like this guy will fall win love again with 290 - 280 levels!! as 395 - 340 = 55
Do not Complicate. Retraced only to 0.382 levels. No question need be asked. I will Buy above yesterday high.
Buy above 195.5 Initial Target Pivot 205.5 A good portion of the body of candle should be above rectangle with a small wick on top. Height of Rectangle is approximately 32 Rs. So we can have a target of Rs 26 from breakout. 195.5 + 25 = 220 approx 218 will be safe to exit. Also 229 is .618 for the fall 308 to 101 Volume need to increase. Rsi 57 Stoch...
Awaiting Triangular breakout Buy open above Horizontal trend line. Good body of candle should be above line. Small tail, if possible. Then it would be bullish. Targets could be 7230 7400 7550 7750. Then probably you can wait for 9000+ Target 7232 (Pivot) All indicators except volume are Positive Once break out happens be patient for a good 6 to 12 months for the...