Triangular break out in DMART

DMART has been outperforming stock since its listing last year. The stock has risen more than 2.5 times in less than one & half year. Lately the stock has been consolidating in a triangular pattern for last two months. It looks to be breaking out of the triangle on the up side. Down trending resistance line looks to be passing around 1600. So the stock can be bought above 1605 for targets of 1690 & 1780 with stop below 1540.

Escorts looks solid for 1090

Escorts has been moving in a rising channel for last one year. Recently it touched the support line of the channel around 830 & bounced off. The stock now looks to be heading towards channel resistance. Close above recent significant high of 921 can give additional booster to the view. So we recommend going long in the stock for the target of 1090 with a stop below 825.

Apple Inc. looking solid!

AAPL is consolidating around 190 mark for last few trading sessions showing good strength to move further up. Now the stock is trading on the medium term rising trend line. It looks like the stock is ready to move upwards, towards multiple resistance zone. So we recommend going long in the stock for the target of --- with sl around ---. (To know the targets & SL subscribe our newsletter service. To subscribe, go to the services page.

HDFC Life bounced off from channel support!

HDFC Life has been consolidating in the range of 450 on the lower side & 480 on the upper side for last one month. But the Friday move above 485 gave the stock a strong weekly close. 

Also if we take a look at the weekly chart, we can see that the stock has taken support 21 week MA. So it looks like the stock can go towards channel resistance around 580 in coming weeks.