karthikmarar

karthikmarar

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...

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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.

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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...

karthikmarar

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...

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The stock has been has been rising from the low from the beginning of the year. It has been consolidating for almost two months. Also we saw "SPRING" pattern during the re-accumulation. Relative Strength, Money Flow and Buying pressure all positive. Today the stock is trying to move out of the re-accumulation zone. A positive close with volume support above 502...

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The stock was going through almost six months of accumulation. Then it broke above the accumulation zone and moving into the markup Phase. The Relative strength is also positive. Moneyflow and Absolute strength is also positive. The stock is likely to move move up and test the 690 levels. It may face some supply around 620 levels.

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Nowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market. Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a...

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The stock has been a multi bagger giving almost 5x returns in the last two years. Recently the up move had been halted with a “BC” Bar. Then the stock after retreating started to move up attempting to take out the “BC” bar. It failed and is now attempting again. We see a clear a Volatility Contraction Pattern. The stock is still in a supply area. Once we have a...

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The stock has been moving up making Higher Highs and Higher Lows after a Down move. Then it faced rejection around 680 levels. Then was pushed down below all the EMAs. Then it recovered from below and attempted to take out the Rejection Zone. It has just inched past the supply area. But the Relative strength and Money flow are still negative and improving. Once...

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The stock is seeing almost five year High. On the weekly we can see a a nice VCP pattern. On the Daily chart it is coming out of the supply shadow of effectively two "BC' Bars. Today we saw a High Volume "Effort to Move up" bar. The Relative Strength is also Positive. After a long time the stock seems to be gathering the strength move up and scale up retake...

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All time highest close. A nice VCP pattern on the weekly. Moving above the shadow of the “BC” bar in the weekly. Positive Relative strength. On the Daily it is taking out the current Price Rejection Zone at 1190-1250. Good volume support. Positive Relative strength. In short, the stock looks gearing up a move to much higher levels

karthikmarar

As expected we had a strong up move. But, we saw a "BC" Bar which may cast a shadow of supply. The prices may be constrained within this shadow for some time unless we have clear close above the high of the "BC' bar tomorrow. A break below the low of the BC bar will push the prices lower. So the levels 128 - 140 are important.

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The stock was in a year long wyckoffian accumulation range. Then it broke out of this range, retested and moving up again. Good volume support also coming in. Relative strength, Absolute strength, Money flow and buying pressure all positive. Now looks strong to test 660 levels. A closer look here

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In late May we saw the stock successfully taking out a six-month Rejection Zone and move up. Now after a small consolidation at a Major supply area and taken out the same. We can see lot of volume support coming in. The relative strength has been positive. The Moving averages are stacked up nicely. All these indicate that the stock is nicely poised to move up...

karthikmarar

The stock has been in a down trend for nearly 18 months. It has been moving is a wide downward channel. Now after recovering from the bottom of the channel . making higher highs, consolidated for some time around the 30 week moving average and moved past the 200 ema. Now attempting to move out of the channel. Good volume support is seen. Relative strength, Money...

karthikmarar

The Stock recovering from the recent bottom. Making Higher Highs and Higher Lows. Now moving past the 200 ema and already above the other short term emas. Relative strength , Money flow and Buying Pressure all positive. Now looks Strong to move up and test the previous high of 540 levels

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The stock moved past the previous Price Rejection Zone , retested and moving up again. Relative Strength, Money Flow and Buying Pressure all positive. A quality close above 86 will take it to higher levels.

karthikmarar

The stock moved past the previous Price Rejection Zone , retested and moving up again. Relative Strength, Money Flow and Buying Pressure all positive. A quality close above 86 will take it to higher levels.