Update on previously posted charts
KOPRAN Rs 171
After trendline break out, gained +10%, but rally got sold
With very weak quarterly result, and upper thrust from chart, price unlikely to recover back above trendline
HBLPOWER Rs 109.50
As seen in chart stock topped at 120 with weakening RSI
Lost -10%
RAILTEL Rs 112.80
After trendline break out, gained +20%
Current consolidation at 128 is co-inciding quarterly result
Unikely to go back to previous zone of 110-115
MANYAVAR [Rs 1430]
With bearish divergence, stock couldn’t stay above previous swing low 1380
Unikely to go back to previous zone of 1400+
SPIC (Rs 60.85)
Large candle broke out of consolidation
With low volume pull back near 200MA is a good buy for those who trade pull-back
JBMA[Rs 417]
Showing signs of coming out of consolidation, but going back to trading zone [405-420]
With quarterly result priced in, stock unlikely to go below zone
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