Four NSE Stocks to Watch for Breakout

IDEA
Idea
Idea is showing a breakout on the Daily Chart and all set to shoot upto Rs90-92, and the second target could extrapolates upto Rs98. Minor Resistance around
RS 88. One can keep a stop loss around Rs 78 and buy this stock on declines till Rs82-84.

SunTV

Sun TV likely to be on the uptrend if it closes above Rs 300 on EOD basis. shorter term targets are coming around Rs 320 and Rs343.

Escorts

Escorts on the EOD charts had broken above the trend line above closed above Rs75. Now it could target Rs 85 and Rs 92. Minor Resistance near Rs 80

Havells India

Havells on the weekly chart is facing resistance near Rs439 and also making a visible Bullish ‘w’ pattern on the weekly charts suggesting a breakout above Rs439

Related Readings and Observations

  • ONGC Futures Showing Sign’s of Reversal? ONGC Futures (March 2014) on the 15min Intratrend Charts is in Buy mode since 18th Feb 2014 and the Buy mode continuing for a prolonged time. And the stochastic signals overbought levels. […]
  • Century Textiles – Trade with Trendlines and Channels Channels are very powerful trading tools check out old post for CANBK & FINANTECH. I always try to find out if there any price channel in formation. One such highly rewarding trade is […]
  • Gail Medium Term Buy Gail is in buy mode on the weekly charts with supports coming 371. One can have a stop loss below Rs371 on EOD basis for a target of Rs 400 and Rs 425. Maintain Strict stoploss as we are […]
  • DR Reddy Medium Term Call Dr Reddy Stock is currently facing resistance near Rs 1680. A Close above 1680 could have a potential to reach Rs 1850-1860 and Rs 1950 as the second target. SL Rs 1600 for postional traders.

Comments

  1. Manan Desai says

    Once again there is an apex of triangle in IDEA as of 09/03/12. But it is most likely to breakout on upper side since there is round bottom formation from dec to feb and again a very small one from feb to now.

    Watch out for resistance at 98.

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