checkout technical breakouts for Monday

J Kumer Infraproject Ltd  

Date: 18/12/2023 

BSE: 532940        NSE : JKIL

Cmp Price ₹ 485.85     Stop Loss ₹ 476

Remarks : Regression Upward channel bo at ATH level seen.

Rsi : 74.36

 

Intellect Design Arena Ltd :-    18 /12/2023        

 BSE: 533581 NSE : PGEL

Cmp Price  ₹ 2447.7    Stop Loss ₹ 2400

Remarks : Stock seems almost done with H & S pattern break out.

RSI : 74.65

 

Savita Oil Technologies Ltd :-   18/12/2023       

BSE: 524667 NSE : SOTL

Cmp Price  ₹ 352.65    Stop Loss ₹ 342.6

Remarks : Trend BO sustained taking support level and almost new 1st resistance touched.

RSI :  60.38

 

Coffee Day Enterprises Ltd:-   18/12/2023         

BSE: 539436 NSE : COFFEEDAY

Cmp Price  ₹ 57.50      Stop Loss ₹ 55.50

Remarks :  Good Price Action seen with huge volume and up movement likely to continue above 59.50.

RSI :  64.75.

 

Zensar Technologies Ltd:-   18/12/2023

 BSE: 504067 NSE : ZENSARTECH

Cmp Price  ₹ 593.60    Stop Loss ₹ 581

Remarks :  Almost H & S bo seen. Positional also looks good if monthly close above 600.

RSI : 70.57

 

Firstsource Solutions Ltd :-   18/12/2023           

BSE: 532809 NSE : FSL

Cmp Price  ₹ 187.90    Stop Loss ₹ 181

Remarks :  Round Bottom BO seen with good price action.

RSI : 73.90

 

Tata Consultancy Services Ltd:-   18/12/2023  

BSE: 532540 NSE : TCS

Cmp Price  ₹ 3861 Stop Loss ₹ 3783

Remarks :  Asc.Triangle Bo with good price action volume seen on weekly basis. Positional new ATH possible soon , IT Sector is at turnaround point.

RSI : 73.90

 

HDFC Bank Ltd :-   18/12/2023     

BSE: 500180 NSE : HDFCBANK

Cmp Price  ₹ 1656.55  Stop Loss ₹ 1623

Remarks :  Weekly good recovery seen from bottom. Also bank Nifty is at ATH and momentum likely to continue.

RSI : 60.36

 

State Bank of India:-   18/12/2023

BSE: 500112 NSE : SBIN

Cmp Price  ₹ 648.25    Stop Loss ₹ 635

Remarks :  ATH breakout seen with good volume since last 2 weeks and momentum likely to continue.

RSI : 68.19

 

 

(Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody. Investors must take advice from their financial advisors before investing in any stocks.)

 

 

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