1) The US recession talks are rising day by day. The recession is to come, we just don't know when, but it will come. 2) Inflation is at an all-time high. The IT sector is tanking like anything. 3) The Pharma sector is known to be recession-proof and inflation-proof. People will never stop spending on medicine and healthcare, no matter how expensive it gets. 4)...
grasim has formed a inverted head and shoulder pattern. look good for a swing trade.
NTPC has given a breakout to its channel line. It looks like a good opportunity to buy for a short term move.
L&T has given a breakout on the weekly TF with a very good volume. We can also see retest. Potential good move in next week.
Manapurram Fianance look good for and upmove.
It is at a crucial level. There is a high volume on retest.
stock looks ready for the next upmove
CUB is forming a symmetrical triangle pattern. Currently it is at a support and is most likely to give a breakout on the upside. It can be a good trade opportunity if the candle 6/7/21 crosses the previous day high.
Delta Corp is forming a Channel pattern. Fake-out on the downside indicates a strong buying power. A breakout on the upside can give a very big move.
Avanti feeds is making a flag and pole pattern. Buy after the breakout with high volume. Also gave a fake-out on the other side which indicates that a potential move can occur on the upside.
Deepak Nitrite is a fundamentally strong company and has a great future ahead. It is forming a triangle pattern after a big rally to the upside. You can enter the stock as soon as the triangle is breached. We can expect continuation of the move after the breakout. EV/EBITDA valuation model gives a target price of Rs 2500. It is a long-term bet so manage your risk...
Reliance is looking strong for coming days. Nifty recovered on friday and is also looking ready for the continuation of the uptrend. Reliance being highest weightage stock is Nifty might also show a nice upmove.
FMCG sector is performing good these days. HUL being the leader in FMCG sector might perform good in coming days. Buy when the given resistance breaks and then the stock retest the same area. Then put stoploss right below the retest candle and ride the trend.
Pharma sector is looking strong for coming days. So here I see a good buying opportunity in GRASIM.
BPCL has retested the breakout levels. Various confrmations.
Manapuram is forming a inverted Head and shoulder pattern with the support of 20 Ema and a break out to the symetrical triangle. look good for a long trade. However, if you are a safe trader wait for the breakout to the green trend line.
City union bank is looking bullish for a short term trade making a kind of flag and pole pattern on weekly timeframe. All you have to do it to wait for the price to close above 190 and the stock might shot up from there.
Cipla looks bullish for a swing trade with mare than 3 confirmation.