The stock was recovering from a big down move. Then it encountered a BC bar. It took more than three months to come out of the supply shadow of the BC bar. Now it has succeeded to come out of the supply shadow and cleared the last point of supply as well. This accumulation of three month has given enough strength to the stock to move up further. All key...
As anticipated , the stock is all set to move tot he next lap of up move. A clear move above the shadow of the "BC" Bar with volume support. Delivery volumes also indicate longer term buyers coming in.
The stock up move was stopped by a "BC" bar. Then the stock was push down to the 50 DMA. Taking support from there the stock started to recover. Now seems to succeed in crossing above the the supply shadow of the "BC" bar in the second attempt. Money Flow and Buying Pressure were already positive . The Relative strength is also turning positive. A good close...
We have been following this stock from 83 levels in July when it formed a nice VCP pattern and was ready to move up. Then after a encountering a “BC” bar the stock was stuck inside the supply shadow of the “BC” Bar. After some consolidation and a “spring’ the stock started to recover. Now it has come out of the shadow of the “BC” bar and has crossed above the...
Finally the stock is moving in to higher territory. In August we expected the stock to move up . But that move failed. Now the stock is taken out the Price Rejection Zone with Volume support. Other key parameters like Relative Strength, Money Flow, Buying Pressure all supporting the move. The minor, medium and long term trends are all up. The stock looks good to go.
After facing Rejection around 280 levels, the stock retreated to below 50 DMA levels. After taking support from a previous Support Zone, the stock started to recover. Now the stock is attempting to take out the previous Price rejection Zone. The up move is supported by a positive Relative Strength, Volume and Money Flow. The Buying pressure is also positive. A...
The stock faced lot of supply after a “BC” Bar. After taking support at 200 DMA levels the stock recovered. Now it has successfully moved past the supply shadow of the ‘BC” bar. The Relative strength, Absolute strength and Money Flow are all positive. The stock is likely move up further once more volume enters the stock.
As anticipated in my last post the stock moved up. Up by 10% now. Negotiating another supply area now. All favorable conditions remain the same. Above 750 the stock will move up much further.
A stock to watch. In the month of July when we encountered a BC bar, We did expect that the stock will face supply and struggle to move up. The stock did face lot of supply within the "Shadow of the BC bar". After getting pushed below the 50 DMA the stock was on the recovery move. Finally it is attempting to move past the shadow of the "BC" bar. Relative...
CDSl – at ATH The stock has now crossed the previous High made almost two years back and at all-time high. But We did catch the current up move very early at 1117 levels in late June. Refer my post of 29th June. All parameters like Relative strength, Absolute strength, Buying Pressure, Continuous Volume support all indicate further upside. Even high delivery...
The stock after facing a “BC” bar retraced to the sub 50 DMA levels. Then recovered and moving past the supply shadow of the “BC Bar and making a new high. The relative and absolute strength are positive. There is also Money coming into the stock. The delivery volumes are high indicating committed buying. The poised to go higher.
The Stock is moving up after taking support from the 200 DMA. Now going past all the short term Moving averages. Relative strength. Absolute Strength and Money Flow all Positive. Good volume support coming in as well. The stock seems gearing up for move and Test 1450 levels.
More than 20 months of Consolidation. On the verge of Breaking out of the Consolidation zone. A nice long cup pattern formed. Possible the handle is being formed as well. A real Breakout will take the stock much higher.
The stock after a reversal is on recovery mode. Now making a Higher High and Higher Lows on Weekly and now on Daily as well. Relative Strength, Absolute Strength and Money flow all positive. The Stock looks strong to move up further and likely to test 576 levels.
On the chart this looks like a good bounce from the support area and 50 EMA. Look at the candles in the down move. As move proceeded the candle sizes reduced indicating that the momentum was reducing. last candle in the down move was a small spread bar with high volume. This candle is a clear indication the Demand was taking control. The next bar is a bullish one...
After multiple Rejection at 590-627 levels the stock is again attempting to take out this Rejection Zone. The Relative strength and Money Flow are positive. A good close above 627 levels with volume support will put the stock back in up Trend mode.
The stock retreated after facing supply. After some consolidation the stock is again negotiating the previous supply area. Volume support is also coming in. Delivery volume also increased indicating interested longer term buyers. Relative strength, Money Flow and absolute strength all in the green. A good close above 873 with volume support will put the stock...
The stock has been making Higher Highs and Higher low from the recent low. Now attempting to take out the previous rejection Zone. Good support in terms of Relative strength, Money Flow and buying Pressure. Also showing positive Strength. Above the short and long term moving averages in both daily and weekly. The Metal index is also supporting in terms of...