abhishek68151

abhishek68151

The stock has managed to sustain near resistance and now showing signs for a proper breakout. It may hit next 20-30% very soon. Positions can be added here as it looks like a perfect recipe for a swung trade.

abhishek68151 Updated 

If we carefully analyse the 1 hr tf of Alkem, it looks good above 3460. It will shoot upto 3640 immediately .

abhishek68151 Updated 

Banknifty has been consolidating in a narrow range of 800-1000 points for the past one and a half month. It has established a major support zone around 43400-43500, acting like a strong wall which bears are finding tough to break. More often than not such narrow range consolidations at the top are mainly followed by a swift upside rally. Considering all the...

abhishek68151 Updated 

Ever since it broke the stiff resistance of 22000, it looks solid and heading towards ALL TIME HIGH. Also, it is evident from the chart of all pharma stocks that this might be the beginning of swift upside rally in pharma stocks. volumes have begun to appear on charts as it is approaching ATH. Therefore, it may be one of the best bets for investment in near term.

abhishek68151 Updated 

Upon careful analysis of the different time frames of powergrid, one might come to a conclusion that it is gonna head upwards at accelerated pace once it crosses 254. Keep an eye on it since it is one of the most promising stock. I have attached my analysis wherein i have drawn the most probable path it might take if it wants to head high.

abhishek68151 Updated 

It retraced for few days and retested from the levels of 740, which acted as a solid support. Now its heading upwards for ATH breakout. Build positions here with a stoploss 3 % and the immediate target is 780.

abhishek68151

ELGI EQUIPMENT seems perfectly poised for a powerful breakout above 575. Moreover, the fact that it is consolidating near ATH for considerable amount of time displays sheer strength in the stock. Once it crosses 575 convincingly, then start building your positions.

abhishek68151

It gave a major breakout of symmetrical triangle breakout on weekly timeframe and now is ready to fly. Once it crosses 2500 convincingly on daily tf, it will gain more strength and show spectacular move. Build positions on it for ATH target and beyond. Also, volumes have risen sharply in the past 2 days signalling the start of momentum.

abhishek68151

Keep an eye on it. If it breaks 176 convincingly, we may witness a rocket move of about 20 to 40%.

abhishek68151 Updated 

Once it crosses the level of 94, it might show some spectacular moves of 10-20% atleast. Do check this out and keep an eye on its breakout.

abhishek68151

The primary objective of a trader is to anticipate accurately what might happen and based on the possibility, act upon it. It is highly likely that OFSS, after breaking out inverted head and shoulder pattern on weekly chart, will move towards ATH forming rounding bottom sort of pattern on bigger tf. Hold the stock and ride the rally.