Prime Picks on Our Weekly Radar
DATAMATICS GLOBAL SERVICES LIMITED
CMP: 647
Datamatics Global Services Limited is currently forming a Symmetrical Triangle Pattern on the weekly chart, with a 19-week consolidation suggesting a potential breakout above the ₹665 level. The Relative Strength Index (RSI) on the weekly timeframe is displaying a higher low and has crossed above the 50 mark, signaling a strengthening bullish trend.
If the breakout occurs, potential upside targets for the upcoming week are ₹690 and ₹740, while the bullish outlook would be invalidated if the price drops below ₹610.
JEENA SIKHO LIFECARE LIMITED
CMP: 525
Jeena Sekho Lifecare Limited has witnessed a Ascending Triangle Breakout on the daily chart, signaling a continuation of the bullish trend. The Relative Strength Index (RSI) has surged past the 70 level, reinforcing strong upward momentum. Breakout volumes have remained above the 20-day average, suggesting healthy accumulation.
Upside targets for the coming week are projected at ₹570 and ₹600, with the bullish view turning invalid below ₹460. Any pullbacks toward the ₹490 zone may offer a good opportunity for dip buying.
SHARDA CROPCHEM LIMITED
CMP: 918
Sharda Cropchem Limited has broken out above a Horizontal Resistance level and is holding strong above the ₹880 mark. A Hidden Bullish Divergence in the Relative Strength Index (RSI) on the daily chart signaled a continuation of the upward trend. The breakout was supported by a spike in volume, with the last three sessions recording activity above the 20-day average.
In the near term, potential upside targets are ₹1000 and ₹1040. Dips toward ₹880 may offer buying opportunities, while a fall below ₹610 would negate the bullish setup.
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Disclaimer: I am not a SEBI-registered advisor. The stock recommendations and analysis shared are purely for educational and informational purposes only. They should not be considered as investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions. Investing in the stock market involves risk. Do your own research (DYOR).
