This analysis is for my study purpose (I am not SEBI registered). No recommendation to buy or sell by any chance. Decision to invest is totally yours. Even I don't invest on my ideas, so be careful :)
1. Nilkamal Ltd.
Nilkamal on a weekly chart is forming a triangle pattern. A break above this triangle at or above 1925 would give a good move to the previous high of 2270 or above. Stoploss is around 1810.
2. India Nippon Electricals
Stock is forming tringle pattern on daily & weekly. Not sure if it will breakout of the pattern or not, however at CMP of 508, it can be bought for 535. Stoploss of 490.
3. Shreyans Industries
In consolidation. However indicators are turning positive. Would enter if it breaks above 180. For the target of 208/220/230. Stop at 150. CMP 165. Breaking 180 is a key. If it fails to break, one can short it for 144 with 190 as SL.
4. L&T Finance Holdings
Stock is in consolidation, however making good price structure at the important resistance level. A breakout above 186 will take it to the 190/200/212 levels.Stop at 170. Hopefully it breaks 186 in next 2 week.
1. Nilkamal Ltd.
Nilkamal on a weekly chart is forming a triangle pattern. A break above this triangle at or above 1925 would give a good move to the previous high of 2270 or above. Stoploss is around 1810.
2. India Nippon Electricals
Stock is forming tringle pattern on daily & weekly. Not sure if it will breakout of the pattern or not, however at CMP of 508, it can be bought for 535. Stoploss of 490.
3. Shreyans Industries
In consolidation. However indicators are turning positive. Would enter if it breaks above 180. For the target of 208/220/230. Stop at 150. CMP 165. Breaking 180 is a key. If it fails to break, one can short it for 144 with 190 as SL.
4. L&T Finance Holdings
Stock is in consolidation, however making good price structure at the important resistance level. A breakout above 186 will take it to the 190/200/212 levels.Stop at 170. Hopefully it breaks 186 in next 2 week.
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