LIC housing finance forming a inverted HNS in the chart breaking the previous resistance and long term trend line, this is the right time to GO long in this stock.
Disclaimer: Im not a SEBI registered, Education purpose only.
Nifty already in ATH and it is ready to break the previous high and move into uncharted territory soon.
but still b.nifty is 5-6% short of ATH now, if they catch up in coming days then it will lift the nifty to much higher levels soon..
Nifty FMCG looking so good and it is verge of breaking ATH soon.
ITC is heavy weight stock in the index and it is about to post their quarterly results, if all things ends positively then you can see a big move in FMCG sector.
Price is trading in a range and it is getting ready to breakout from the dARVAS box.
AS you see in the chart, RSI is keep on rising and the price isn't supporting the same, that forms a positive divergence.
Note: Not a SEBI registered, education purpose only.
CUB posted a good result compared to the previous quarter, the price also consolidating for a long time that suggest it may go up tomorrow.
caution: MOST OF THE STOCK AFTER RESULTS, WHETHER THE RESULT IS GOOD OR BAD, HAS FALLED 5-6%, SO TAKE TRADE CAREFULLY IN THIS SCRIPT.
Kotak bank chart looks interesting for me, while many private and PSU banks has rallied a little bit, this bank has not moved that much and the price is consolidating is a narrow range.
And look at the RSI setup, it is gradually increasing daily which clearly tells you the price is getting ready to breakout soon.
Rising RSI and the price also following the trend line, it is about to break the upper resistance.
we may expect a break out soon, if the volume supports the breakout then you can go for long.