Breakout of triangle. Consolidation. Again breakout and retest.
NTPC is breaking out of the channel. RSI is also supported. Use trailing stop loss to exit
Deepak Nitrite can break out of the box pattern. For the breakout I will look at the daily chart. On the basis of the fall from top, my first target will be 1.68 fibo ratio. Which is approx 4000. Stop loss can closing below the box
I have tried to find a wave pattern in the weekly time frame. I hope it makes sense. I am still learning
As we are heading towards the festive season. All home makeover products should start catching sales.
Berger paint is slowly moving up before the results. RSI is strong. But it can enter oversold zone when it gives a breakout
PVR is 52WK high. But trading near the resistance of the channel. RSI is not supported. Tomorrow’s price action will be important.
There is a short term breakout in GNFC. There is resistance after every 50 points.
Laurus labs is forming a triangle pattern in the weekly chart. I think it is in the 2nd wave.
Voltas is near the support level. RSI showing positive divergence . I think it is in the 4th wave. Hence can be a slow stock.
My way of utilizing the weekend. Over analyzing my position. Somehow making it in my favor.
CNXREALITY can fall next week. There is some bad news coming. RSI is also at resistance
Will IT lead the next rally in nifty. TCS and CNXIT showing positive divergence
The index is forming lower low and lower high. But rsi is showing positive divergence
Reliance seems to have support. RSI is also stabilizing. The 44 period moving average is not bad.
Break down. Support breaks. 44 period moving average in down trend. Break down in rsi level also.
There seems to be a support but it might not hold because rsi is showing negative divergence
Bhartiartl has taken multiple support in this region. RSI is showing positive divergence