Auropharma saw a very good move today, a decisive move with huge volume.
Currently, the stock is trading at trendline resistance, seeing the recent price action, it looks like, the stock might see a breakout next week, or even if it saw some correction next week, it is good to buy as long as it is trading above 970 levels.
This is my personal view on the charts,...
Strides Pharma has been consolidating in a range for the past 6 months.
This week stock bounced from the support it created previously and closed well.
Now if it sustains 740 levels them it could move towards 930 and 1000 in the near term and also go beyond it.
There is a Triangle pattern formation on Asian Paints Hourly Chart and in fact, the prices did close above the triangle resistance trendline today.
But there is definitely a BUT in this stock, and you must be thinking what it is?
Let me tell you, usually the valid triangle breakout , or you can say breakout that see a great movement is , when the price breaksout...
Hdfcbank hourly chart has bat pattern formation and prices did bounce from its prz area, hence if it holds these support levels, we might see prices going upwards in the near term towards 1500 levels.
The stock would be very bullish above 1500 levels.
The entire analysis would be negated below 1450 levels and would need analysis revision.
I have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs.
The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive...
Nocil looks great on all the time frames, though it is trading near its all-time high, the price structure looks quite positive on higher to lower timeframes.
Now if the stock sustains 200 levels on the daily timeframe, it could move fast towards its all-time high i.e 236 levels.
For swing traders SL can be kept below, 200 levels.
For Positional trading, Sl is...
Alembic has been consolidating in a triangle range for the past 1 month.
Price Action: there is a big bull candle formed within this range on 8 June 2021 on its hourly chart.
Currently Prices are trading near trendline resistance, hence any breakout if happens, then the stock can see a very good move on the upside i.e up to 140 levels initially and also towards...
Heromotoco bounced from the support, and the current structure is of higher highs and higher lows, and sustaining these support levels, the stock could move towards 3350 and 3470 levels in the coming weeks.
Trade Type: positional
Powergrid is on the list of gainers, today, and I also discussed this post in my previous posts, the stock looks good on all the timeframe and they are in alignment.
On the hourly chart, it closed near the trendline resistance, since the higher frames are positive, I am expecting that we might see a breakout tomorrow and it could be good intraday for tomorrow,...
Delta Corp Ltd's price action is quite strong, it saw a good move and then consolidate for 3 days, and current levels are good levels to pyramid further.
If stock sustains 170 levels, it is probably moving towards 190 levels.
Refer to the linked post for detailed analysis
Titan is one such stock that has been trading in a range of about 15% for the past 5 months.
The Recent rally from range support ( the move I already captured - please refer to linked post ) looks quite good and the stock currently is trading at the range upper end, any breakout might bring a fresh buying in the stock and it can move
towards 1700 and 1750 levels.
After Delta Corp, another stock that came on my radar is Whirlpool India, the reason being :
1. Stock trading at strong support.
2. Positive price action near the Support area.
3. Rise in Volume.
4. RSI continuous support at 40.
Now if the stock sustains 2000 levels, it might test 2300 initially, and also its recent highs around 2800 levels.
Trade type :...
Bajaj auto trade was identified when it was trading near 3800 levels, ( please refer to the linked post ). Now the stock has not only hit the target but also trying to surpass it. Booking some Partial profit booking and rest trailing with Sl
Another stock that came on my radar is apollo tyre.
The stock has been moving in a range for the past 4 months.
Last week its closed well near its highs.
Now if the stock sustains 190 levels on the weekly basis, the stock might test its upper range 240- 255.
And if the range breaks on the upside, the stock could test its all-time highs i.e. 307.25.
Banknifty closed above its major resistance zone 34100-34200 today with a huge momentum candle
Now the same levels would act as support for the coming trading sessions.
Hence sustaining these levels, banknifty could move towards 37000 levels.
As long as it is sustaining below 229 -230 levels, there is a probability of a Bullish Cypher pattern on the hourly chart of PowerGrid.
The important point of the bullish cypher is that both the lows and the highs are trending upwards, hence the structure of all the timeframes are trending upwards.
So bullish cypher if unfolds as expected, is going to provide a...