Tuesday, May 16, 2017

Welspun Corp

                                                                                        daily chart

Stock of Welspun corp is in sideways trend since last 3-4 year. Technically Stock may breakout of this sideways trend to show newer high, which may be a beginning of uptrend. Stock can be bought at CMP or in dips till 84. Stop loss of 82 recommended.
Best time to sell a stock when there is a euphoria in its skyrocketing prices. 

Wednesday, May 10, 2017

ICICI Bank

                                                                         daily chart


Stock of ICICI bank has just given breakout from rising wedge pattern with highest volume recorded in last 4 years on 4th May 2017. It was trading in that chart pattern for last 6 months. This breakout confirms more upside for stock from current levels. Stock did not move much for in last 3 years. It can be bought at CMP or on dips till 275 for handsome gains in medium to longer term.