Date: 03 Dec 2020
Time: 9PM (IST)
Natural Gas (CMP: 189)
Head & Shoulder Pattern with price breakout below 10, 20 & 50 Daily EMA levels at the same time. Consistent and rising sell volumes in the last 5 days and RSI sharply going down below 50 levels. Natural Gas is headed downwards.
Target time 03 Feb 2021 (46 Sessions)
T1-165, T2-145, T3-130
Date: 24 Nov 2020
After a good price rise in the recent past stock was seen consolidating for a short period. During the consolidation the chart formed an Ascending Triangle Pattern. The volume can be seen increasing towards the buy side and RSI is at 62 levels. This is a good sign for buy in short - medium term.
Price Target: 965
Date: 19 Nov 2020
MGL (CMP: 921.30)
Type of Chart: Weekly Chart
Diamond pattern formation.
The weekly volumes are increasing on buy side. RSI is moving above 50 levels.
Breakout above 950 levels on weekly basis will confirm the pattern. If that happens then look for stock to move up towards 1525 levels.
Time frame: 102 weeks. i.e. target can be achieved by...
Date: 04 Aug 2020
Marksans Pharma (CMP: 41.60)
Ascending Triangle Pattern formation with MACD breakout and strong RSI signals.
Fundamentally its a good company with strong growth in YoY quarterly profit and sales. Virtually debt free company.
Target 48.50. Profit potential 16%.
T1-42.50, T2- 45.50, T3- 48.50; SL- 36.50
Date: 02 July 2020
Time: 01.18 pm
Bank Nifty (CMP:22100)
Bank Nifty is moving in a channel and currently forming a rising wedge pattern. It can find support in the zone of 21500-21600 and then again start moving up or breakdown. While breakdown in price looks unlikely but be cautious because the earning season will soon start and this will be crucial one as the...
Bata India (28 May 2020)
Double Top pattern confirmed. MACd and RSI going down. In the last 9 trading candles of 15 min 7 candles are sowing big sell volume, with the latest 15 min candle shrply showing high sell volumes. On a 15 min time basis the stock looks going downward towards 1265.
T1: 1288, T2: 1275, T3: 1265