Stock Phoenix

TATACONSUM- Track for the next move either stock holds or breaks the support area zones.

Asian Paints : Can we expect the Resistance to get broken now?

Added PGEL 620 CE at 10.50 Levels.

PETRONET-Track whether the stock reverses or breaks the important area. It is currently at the immediate support zone.Any reversal can take it previous swing highs.

JMFIN-The stock has cracked nearly 5% from the recent rejection levels. Hope you are following the momentum.

COFORGE-The stock is forming a triangle pattern and looks bearish near the resistance zone. On the weekly timeframe it is currently forming a red candle. If the stock gets rejected from this resistance it may once again move down and test the immediate support levels. Let’s wait for the weekly close to see whether it rejects or gives a fresh breakout. Based on the chart a rejection looks likely but let’s see...

AMBUJACEM-Track this counter for potential reversal zones. The stock has good support levels and although it is currently moving downward we will wait for the reversal areas. Keep it on the radar.

CROMPTON-The stock is at the support area and is trying to give a reversal in today’s session. Keep it on the radar, as it may move back toward the immediate resistance levels. However, if the support breaks, the stock can drop further and test the next support zones.

Track PGEL 620 CE at 14. Risk at the zone of 10.

Track Asian Paints 3000 CE at 27 Levels. Risk at the zone of 20.

Asian Paints : Look for the breakout in this counter.

Track Dmart 4000 CE at 80 Levels. Risk at the zone of 60.

PGEL : Look for the breakout above the Resistance Zone.

LTF : Track for the Retracement in this counter for the coming sessions.

NAUKRI-A beautiful trendline reversal breakout is visible in this stock. After a long muted range and a declining phase, the stock is now forming a strong candle and showing signs of a pullback. If this recovery continues, it may turn into a strong upside move in the coming days and head toward the previous swing highs

Dmart : Keep in Radar - Reversal entry will Trigger soon in this counter. And Expected reversal is quite big.

IREDA-Stock as it is nearing the support levels and may reverse after testing the zone. A reversal from the support area can give a good recovery opportunity in the coming days. However, if the stock breaks this key support, the downtrend may continue further. Let’s wait for clear confirmation once we see a reversal signal at the support, we can look for a recovery.

AXISBANK-The stock is in an uptrend and is now pulling back to test the immediate support area after a strong recent move. If the support holds we can expect a reversal from this zone. But if the support breaks the stock may drop to lower levels. Let’s see how it performs next.

PFC-Watch this stock at the support levels. If it breaks and closes below the zone it may continue its fall and move toward the next swing low. But if it shows a reversal this week it can bounce back toward the previous swing high. Let’s see whether it holds or breaks on the weekly chart.

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