Sunday, 30 October 2016
Godrej Properties Ltd– Forming Inverted H&S Pattern.
Godrej Properties Ltd on a daily chart stock price is making higher high and higher low pattern, with increase in volumes. Also we witnessed stock price is trading above the 20 DMA; indicate stock is well placed above the support level. On chart stock price is forming a inverted head and shoulder pattern, which add more bullishness for the stock price.
If
one were to go by the volume data, a higher upswing is seen on the stock price.
Trader or investor can accumulate at Rs.365 level for the target of Rs. 385
levels, with Rs 354 stop loss on closing basis.
Thursday, 27 October 2016
PNB Gilts Ltd– Rounding Pattern Breakout
PNB Gilts Ltd on a daily chart stock price is making
higher high pattern, with increase in volumes. Also we witnessed stock price is
trading above the 20 DMA, indicate stock is well placed above the support
level. On chart stock price has given the breakout of rounding pattern at Rs.
36, indicate stock price can rally another 30%.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.36 for the target of Rs. 50 levels, with Rs 31 stop
loss on closing basis.
Wednesday, 26 October 2016
GATI Ltd – On the verge of breakout.
GATI Ltd on a daily chart stock price is making
higher high pattern, with increase in volumes. Also we witnessed stock price is
trading above the 20 DMA, indicate stock is well placed above the support
level. On chart stock price is on the verge of breakout of ascending triangle
pattern, any trade or closed above Rs. 145 level, stock price can rally Rs. 162 level.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs.145 for the target of Rs. 162 levels, with Rs 136 stop
loss on closing basis.
Tuesday, 25 October 2016
NTPC Ltd – Higher High Pattern. (Entry Price: 152)
NTPC ltd on a daily chart stock price is making
higher high pattern, with increase in volumes. Also we witnessed stock price
was trading below 20 DMA from last 30 trading session, but from last two
trading session stock price has closed above the same, indicate stock is well
placed above the support level. Momentum oscillator RSI having more room left
on upside, which add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.152 for the target of Rs. 164 levels, with Rs 147 stop
loss on closing basis.
Monday, 24 October 2016
Tarmat Ltd – Ascending Triangle Pattern Breakout.
Tarmat ltd on a daily chart stock price is making
higher high pattern, also its trading above 20 DMA, indicate stock is well placed
above the support level. On a daily chart stock price at Rs. 52.75 has given
the breakout of the upper level of ascending triangle pattern, indicate stock price
can rally towards Rs. 78 level most likely. Momentum oscillator RSI having more
room left on upside, which add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.52.75 for the target of Rs. 78 levels, with Rs 44 stop
loss on closing basis.
Friday, 21 October 2016
DCM Shriram Ltd – Cup and Handle Pattern
DCM Shriram ltd on a daily chart stock price is
making higher high pattern, also its trading above 20 DMA, indicate stock is
well placed above the support level. On a weekly chart stock price at Rs. 259.50
has given the breakout of cup and pattern at Rs. 244, indicate stock price can
rally towards Rs. 320 level most likely. Momentum oscillator MACD heading north
to give positive crossover, which add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.259 for the target of Rs. 320/380 levels, with Rs 244 stop
loss on closing basis.
Thursday, 20 October 2016
Adani Ports – Ascending Triangle Breakout.
Adani Ports and Special Economic Zone ltd on a daily
chart stock price is making higher high pattern, also its trading above 20 DMA,
indicate stock is well placed above the support level. On a daily chart stock price
at Rs. 285.20 has given the breakout of upper level of ascending triangle
pattern at Rs. 277.25, indicate stock price can rally towards Rs. 330 level
most likely. Momentum oscillator MACD has given the positive crossover, which
add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.285 for the target of Rs. 330 levels, with Rs 266 stop
loss on closing basis.
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