PETRONET has formed a classic Cup and Handle pattern on the hourly chart, signaling a potential bullish breakout. Pattern Breakdown: Cup Formation: A smooth rounding bottom from ₹310 to ₹337, indicating strong accumulation. Handle Formation: A slight retracement near ₹330, forming a consolidation zone before the breakout. Indicators: RSI: Currently above 70,...
Overview: CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both...
Bajaj Finserv Ltd. is currently forming a classic ascending triangle pattern on the monthly chart, a bullish continuation pattern often signaling a potential breakout. The price has been consolidating within this pattern, making higher lows, and is now approaching the resistance level at around ₹1,925. Key Levels: Support: The lower trendline, which has been...
Auto Axles has been corrected from 2449 to 1860 by forming Lower High and Lower Lows. Price has been reverted from supply zone (1730 - 1800) on weekly time frame. It has formed higher high recently showing possibility of trend reversal and has also formed Head & Shoulder pattern on daily time frame and current price is near to neck line of H&S pattern, Having ...
Aditya Birla Capital has given a 5Y breakout with good volume. Also bounce back from 50% Fibonacci retracement. RSI is 65 showing strong buy zone. Buy price - 162-165 Target 1 - 178 which is 10% Target 2 - 194 which is 20%% SL - 154(5%) Disclaimer : This is for educational purpose only. Take advice from your financial adviser before investing.
NSE:AJANTPHARM Ajanta pharma has given a strong breakout with increasing volume and in medium term it can give good returns. It has also crossed 200 days MA. Nifty pharma has corrected from 14000 to 12000 (almost 15%) and now recovering from bottom. CMP - 1333 Target 1 - 1450 target 2 - 1550 SL - 1250 Disclaimer: This is for educational purpose only. Take...
Aditya Birla Capital Limited has given breakout with increasing in volume. RSI is above 60 and stock is above 50 days EMA. Can buy this stock for short term target of 125. Short term target 1 - 125 Short term target 2 - 140. with stop loss of 110 this is for educational purpose only.