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

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 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.



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