A stock giving break out after consolidating from a good uptrend. Its made double-bottom with ADX indicating good potential strength for uptrend. A good momentum buy Entry at current levels SL below 12900 Target 14200/14800
In the recent bull rally, a strong stock has been consolidating in one of the underperforming sectors (IT) in the recent bull run. The sector is coming out of consolidation and Wipro looks strong to head upward from here Entry above 575 Stop loss below 520 Target 722/752
A fundamentally good company is running with good momentum. A healthy bull run with consolidation in between too. The upmove remains intact with support of volumes and DMI indicating there is still potential strength in the bullish momentum. My view is to buy with an open target and SL trailing with the EMA
After consolidating for a good amount of time after a strong uptrend, the stock is ready to break out. The support on EMA is intact and the volume push supports the break out. Looks good for a short term trade Entry - Above 1716 SL - Below 1627 Target - 2000+
Nifty has been moving very well within the channel range in the daily time frame. 22,000 is an important support level in this channel, and it's holding it very well for now. Today's close shows bulls are back in with a fight. I wouldn't enter into any short trade right now, if you are holding shorts, its a good time to exit
A sector which has had a good rally in the past few months and looks good to go amidst the volatile markets during the election year. A high dividend-yielding stock ready to break out of the flag pattern, REC looks good for short to medium-term. Entry - 457 SL - 415 Target - 600+
The stock has made a bullish flag pattern. It has been consolidating in the last few sessions, volume activity and DMI show bullish strength. It looks good for another run in the short term. other stocks in this sector also look positive Entry - 2856 SL - 2700 Tgt - 3680
The stock has taken good support at fibonacci retracement levels. A close above 85 would be a safe entry to buy with swing high being the first target. ADX also supports the view Entry - Above 85 Stop Loss - 77 Target - 118
The company is reducing debt. Financials are improving. FIIs have increased stake. Momentum looks good with the stock hitting UC in the last couple of sessions. Head and shoulder pattern on weekly chart looks good, with support on 21 levels Entry - at CMP SL - 20 Target - 34/52
Buy high and sell higher works when momentum is working one way. That seems to be the case for MCX right now. A classic bullish flag pattern breakoutThe stock is trading at highs but the momentum shows strength to soar higher Entry - 3637 SL - 3445 Tgt - 3934
After an impulse movement on the upside, the stock consolidated for a while. Support levels look good below 220. With good volume support, NIACL can resume uptrend. Entry - Above 248 SL -215 Tgt - 352
A sector that has woken up in recent years. A bank which is still trading at fair value to its growth backed by positive earnings release Technical chart looks good for a buy setup at CMP. DMI indicates bullish strength and Fibonacci retracement shows the stock having good support at 116 levels Union Bank is my pick of the PSU banks for a medium to long-term...
After a long period of consolidation, on the back of good earnings releases, Indus Towers is ready to break out. DMI also indicates bullish strength with increased volume activity Entry - 232 Stop Loss - 203 Target - 310
Tata Communications has posted fast revenue growth in the latest earnings release. OFSS moved up 28% in a single day after stellar results. Tata Communications has consolidated in this range for a while and looks good to move up from here if it crosses today's high price. DMI also looks bullish Entry - Above 1800 Stop Loss - 1680 Target - 1960
Head and Shoulder breakout over another resistance level in NMDC. A high dividend-paying stock turns lucrative in momentum at the current point. Stand to gain 18% + excluding dividends Buy - 163 Stop Loss - 148 Target - 193
After a fantastic run in a short period, BSE has been consolidating between the range of 2200-2300. In the last trading session's close, the price has taken support at the crucial level of 78.6% retracement. A high above today's close with volume support can take the stock back to its previous high of 2582 Entry - 2320 Stop Loss - 2210 Target - 2580
The stock has given a good impulse upmove above the resistance level after a long period of consolidation. It is now consolidating at the support level of 17. Looks good for another short run Entry - 19.3 Stop Loss - 17.1 Target 23.2
An undervalued stock in the packaging industry, Polyplex has been stressed in this bull run and is currently trading below its book value. Volume is building up and DMI indicates buyers momentum building up. Any move above 1100 should propel the stock price upwards from here Entry - 1100 Will update SL and Target once trade is triggered