32% so far - Quick update to article on Gabriel written on 29 March 16

I had written an article on Gabriel on 29th March this year. The article was on anticipated breakout in Gabriel.

You can read that article here:

Stock Analysis- Gabriel India Lts.- Breakout of consolidation can double the price

Current update on Gabriel:

Gabriel has broken out the consolidation. The move which I was anticipating has come about, though a little late. 

Markets will test your patience. Situations will make you panic. You need to be persistent. There is no alternative if you wish to have winning trades.

This is how the stock looks on chart after it has broken out of consolidation. Currently trading near 119. It was near 90 when article was written. Lets expect the move to continue to achieve our targets.

That is a move of around 32% in 4 and half months. However it has a large potential yet to conquer.

Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisory before taking any decisions based on above write-up.

Inverted Head & Shoulder in CIPLA

Last week Cipla has moved up over 9%. This move has come after a good 'basing' near its monthly support at 460-470 levels.

You may recollect my view through an article on Pharma sector and a short analysis of Cipla in the same article. The anticipated 15% move which I was expecting has come about in most pharma stocks since then. Cipla has also moved by around 12% since then. 

You can read that article here.

Here is further analysis on Cipla.

On weekly chart you can see that stock, after 'basing' near support at 460-470 levels, now crossed the hurdle at 540 last week. The weekly breakout has come with good volumes too. Overall structure has formed an inverted Head & Shoulder pattern on weekly chart. 

We need to understand here that the inverted H&S is nothing but an indication of cycle change from 'Lower Top Lower Bottom' to 'Higher Top Higher Bottom'. In my course on Technical Analysis for Positional/Swing Traders, this topic is covered in details.

Coming back to the chart, you can see that the neckline is broken with a good conviction. This breakout can take stock to further highs. One should also observe that there is an hurdle coming up near 570. However it should not be difficult for bulls to to take that out.

Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on above write-up.

Channel breakout in Britannia

Britannia Industries chart had a typical breakout formation yesterday. Since last one year, precisely since Aug 15, chart was trading in a channel. Yesterday, the stock has exploded with volumes out of this trading channel. This has also confirmed Up Flag Pattern formation. This Flag would be more prominent on weekly chart.(weekly candle yet not completely formed). There is support area near 2995.

This breakout is expected to push the stock prices to higher levels. 

Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on above write-up.  

Bharat Forge Trading near support

During the days of Jan & Feb 2015 Bharat Forge was one of the favourites of market. The stock has seen healthy correction between April 15 and July 16. That period is more than a year.

I am tracking Bharat Forge since Nov 15 for a possible up move after the correction. However it took long for this stock the start the well deserved move.

Let me explain the larger picture first. On monthly chart you can see that there is a good demand area near the levels of 712 and 823. This is where the biggies would have accumulated the stock slowly and gradually. This accumulation was expected to burst at some point. We have seen stock gaining 12% on 5^th Aug. Notice the volumes with which it has zoomed. A positive divergence on monthly chart is confirming the momentum.

On weekly chart you can see similar observations where the stock is indicating at the possible change of cycle from ‘lower low lower high’ to ‘higher high higher low’. There are some hurdles along the way. However bulls are seen powerful enough to take out these hurdles.

A detailed alert with levels (entry, stoploss and targets) is issued to paid subscribers. For more details you can call me on 9371444875.

 Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on above write-up.