Chart Of the Week (04 Jan to 08 Jan 2021)

-

 Bharat Electronics Limited(BEL)-

Click on the chart to enlarge view.


CMP-126.24     RECO-Buy    Entry Range-Rs.120-130      Target-160.00/220.00     Stop Loss- 106     Duration- 06 months

*Stock has given a bullish Inverted H & S Pattern on weekly chart.

*If we look at the volume part, significant volume activity is witnessed at the time of breakout.

*Price has also trading all the important moving averages.

*Considering all technical evidences we may see good up move in BEL.

The Tinplate Co of India  -

Click on the chart to enlarge view.

CMP-167.00    RECO-Buy    Entry Range-Rs.155-170     Target-225/325.00     Stop Loss- 145 closing basis

Duration- 06 to 09 Months.                                                                         

*Stock has given a bullish Inverted H & S Pattern on weekly chart.

*02 years long term trendline breakout already happened.

*If we look at the volume part, significant volume activity is witnessed at the time of breakout.

*Price has also trading all the important moving averages.

*Considering all technical evidences we may see good up move in Tin Plate Co of India.

Dr Lal Pathlab Limited-

Click on the chart to enlarge view.


CMP-2407.20  RECO-Buy  Entry Range-Rs.2350-2450.00  Target-2500/2600   Stop Loss- 2305   Duration- 01 Months

*Stock has given a bullish rectangle Pattern Breakout on Daily chart.

*If we look volume activity, highest volume activity is witnessed in  daily chart breakout candle.

*Price has also trading all the important moving averages.

*Considering all technical evidences we may see good move in short term.


  Thanks for reading and kindly let us know if you have any questions.



Comments

Post a Comment

Popular posts from this blog

MegaPhone Chart Pattern ??

-
Image
     *  Megaphone pattern is a pattern which consists of minimum two higher highs and two lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work. However, traders love this pattern when it is formed in a daily or weekly time frame. Key Points :- * Megaphone pattern is a pattern that consists of minimum of higher highs and two lower lows. *The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. *Megaphone pattern is known to give multiple trading opportunities to the trader. *This pattern also can be traded when it fails but is necessary to identify the failure perfectly. *Sometimes only pattern is not enough to take best trading decisions you may need multiple indicato...
Read more

Chart of the WEEK (10 Aug to 14 Aug 2020)

-
Image
                                                          * #Tata Power   Weekly/Daily chart trending in a trend line  and now trading near resistance level, if stock break 55.00 level and sustain above this we can see up move towards 70.00/80.00 level as per chart pattern with the help of 45.00 support level       * If #Tata Power break 45.00 level and sustain below level we can see major fall towards 30.00/25.00 level with the resistance of 54.5                * Weekly/Daily chart :- *   * #Universal cable  Weekly/Daily chart trending above its important resistance level ,if it sustain we can see up move to wards 154.00/180.00 level with the help of 105.00 support level .                        ...
Read more