Garden Reach Shipbuilder (Rs.2900) - The stock has given breakout from Ascending Triangle pattern on daily charts with improving volumes. Based on the pattern the upside potential can be Rs.3200-3400. View gets negated below Rs.2700.
For learning purpose only. No reco.
Bajaj Auto (Rs.9200) - The stock has given breakout from Inverse H&S pattern on weekly charts. Volumes have also improved in last 3 weeks. Based on the pattern the upside potential can be Rs.10k & Rs.11K. View gets negated below Rs.8400.
For learning purpose only. No reco.
Nifty continues to bounce back from crucial support of 24450 which has been holding up since May'25. Nifty can gradually move up towards upper end of the channel at 25200-300. View gets negated below 24450 levels.
For learning purpose only. No recommendations.
Nifty after consolidating for ~2 months between 24500-25100 seems to have broken out. Expect Nifty to gradually move up & test its previous high of 26300. Major support at around 25000-25100 below which view gets negated.
For learning purpose only. No recommendations.
Silver has given ascending triangle breakout on weekly chart after consolidating for more than 6 months. It can have upside potential of 10-15% over next few months.
For learning purpose only. No recommendations.
Nifty - Consolidating in broader range of 24500-25100
Since 3 weeks, Nifty has been consolidating in the broad range of 24500 - 25100. Break out in either direction would give move of 500-600 pts. Strong support at 24500 lvls.
For learning purpose only.
SRF (CMP Rs.2940) - Range Breakout
After consolidating for 3 years, the stock has given breakout above 2750 which will act as strong support now. Better volumes + RSI above 60 indicates bullishness. Upside can be 3400-3500.
For learning purpose only.
Technical View
Nifty broke imp. support of 23400 & have been hovering below it for last few days. Need to close abv. this level for short term trend reversal else it might drift towards long-term trendline supp of 22700. RSI below 40 indicates weakness.
For learning purpose only