After a good profit booking started from 24th of September BHARTIARTL did show good selling until its come to the support level of 673. near 673 on 1st and 4th of October we did see that selling is now dried out as candles did not managing to close near their lows. And tails we are seeing on both of the candles the are good signs for presence of...
If you see the breakout to the level 224, after breakout prices did managed to sustain above that level while volume keeps declining which indicates bit of weakness in stock for prices to move further up.
But in last week we have seen strong bullish candle breaking out the resistance level of 282 though candle doesn’t managed to close above that...
Rain Industries on weekly chart form a cup and handle pattern and almost ready for big blast rain industries will show good uptrend from here onward. to be safe side one can wait for follow through buying on daily chart. CMP is 243.3 while 190 will be good support.
|| hari om ||
|| Shree Ram ||
|| Ambdnya ||
On weekly chart of BANDHANBNK stock showing good efforts to push prices up in the demand area of 250-280 a good follow through to 23rd August 2021 weekly candle will confirm the presence of Bulls in this counter and in that case we can consider 354 as our T1 with SL being below 250.
Looks Quite risky Though....
|| Hari OM ||
|| Shree Ram ||
|| Ambdnya ||
On weekly chart of Hindalco after a good bearish candle we are now seeing good efforts by bulls to stop selling and pushing the prices up from support level of 407. from here onwards HINDALCO will continue its up trend as chart is already sowing up trend. and higher highs and higher lows formations.
Today we will be having a look at the weekly chart of VAKRANGEE which is currently in a re accumulation zone. The main topic of this post is going to be how we can identify whether any stock is in accumulation phase or not.
So, if you can see weekly chart of VAKRANGEE I have already plotted support and resistance levels for VAKRANGEE.
TCS on 2H chart showing good breakout to consolidation area of 3155-3240. And it may show good up move from here. One can consider this counter for swing trade. TCS now has a strong support of 3150 while next resistance area is of 3380-3400
After Sluggish/consolidated move from 8th Feb 2021 and few test to the resistance level of 351 we did see good down move with good efforts in last week from same level, one can say due to the negative news of JLR results. Which was not expected at least by me.
So what to expect from here in TATAMOTORS, well not matter what...
Just dial was been in a consolidation phase for a long enough time between the price range of 318-824. On 1st March 2021 weekly chart we did managed to see false breakout to the level of 824, result of which we see down move from there towards 717 and we have seen good reversal confirming support of 717 on 17th May 2021 weekly candle.
We are going to see a weekly chart of TATASTEEL and there is nothing much to explain here about trend. If one can look at moving average it’s clearly indicating an uptrend. Only concerned for TATASTEEL was consolidation/Profit Booking we have seen from 10th May 2021 after making lifetime high of 1218.
In last week...
After giving breakout to the level of 15431 on 31st May 2021 nifty keeps moving up on very sluggish price movement till 15th June 2021.
On 18th June 2021 we have seen possible retest of breakout level of 15431 along with hammer candle formation, on very next day we also see similar kind of trend where we have seen gap down opening...
SATIN showing good sign of trend reversal after a good down move and exhausted supply. In todays trading session we have seen good efforts to pushed it up after checking lows of previous days which is good confirmation for go long from here. But we also have to look at resistance level of 100 from where we had seen rejections for many time. So, those...
JISLJALEQS On weekly chart form a strong trend and will show good move in next 3-6 months. Short term traders or investors can consider this counter. CMP is 31.35, Jain Irrigation System Limited have Support are of 16-12 and that's the think one should consider before investing this counter as we are risking almost 50% in this counter. So only...
Short Term traders\Investers keep eyes on aarti drugs. Any Daily or weekly closing above 778 will take this counter out of range and we may see new trend onwards. AARTIDRUGS has good support at 610.
|| Hari Om ||
|| Ambadnya ||
Good supply visible on weekly chart of SBICARD which may lead stock to move down toward 918 and 765. Any closing below last weeks low on daily chart will be good confirmation for same.
this view will be invalid if we see closing above 1105.
IDEA may have been prepared for breakout for level of 13.5.
See the area marked with circle near the level of 8.8 where we can clearly see volume diminishing. After diminishing supply we are now seeing efforts to push the stock further up.
Stock still need to breakout the level of 13.5 to show clear up trend. But risk takers can start considering...
AU Small finance bank on weekly chart looks quite bullish. And may be a good option for short term trade.
Let’s quickly see what was happened on weekly chart.
After making a Lifetime High of 1354 we had seen rejection in prices from that level and weekly candle of 30th March 2021 closes in to the middle forming a wick, which is good sign of...