manuagarwal21

manuagarwal21

Berger Paint Formed Shark pattern. Spinning candles at support

manuagarwal21

Sustaining 5950 levels, the stock could test its previous high made in Sep 2020, i.e. 6400-6600 levels.

manuagarwal21

The stock is forming a shark pattern and is near its prz zone. Keep an eye on the price action, might be a good swing trade, considering the strong higher timeframes ( daily weekly, monthly all are trending up)

manuagarwal21

Trading in a range from past 5 months, might be getting ready for a breakout soon, keep an eye on this stock, could be a fast runner post-breakout.

manuagarwal21

Banknifty Price Action Analysis for coming week - 9 Aug - 13 Aug 2021 | Imp levels - Support and Resistance The weekly chart was moving sideways for the past many weeks, this week's candle was a gap-up decisive bullish candle, suggesting that the sideways move is mostly over and banknifty could see a good up moving in this coming week as well. CP:...

manuagarwal21

We are seeing a #sell-off in tata motors post its quarterly results, it has posted a #loss of some 4000 crores in this quarter, the company is still a loss-making company, but it has reduced its losses compared to its previous quarter and is mostly moving towards the profitability in the coming future. #Charts of tata motors look quite good since we have seen a...

manuagarwal21

The stock has been moving sideways for the past many months ( approx 8 months). Current price action, suggesting that the stock is trying to pick up the momentum on the upside. The stock has created strong support around 530-550 levels. Hence sustaining these supports, stock could move towards 750 and 900 in the coming months. Considering the history of the...

manuagarwal21

The current Price action structure suggesting that the stock is might be moving towards its recent highs near 980- 1000 levels. The said Probability will be valid as long as the stock is trading above 958 levels.

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The stock has been trading in a range since the start of this year . Currently stock is trading near trendline resistance, though it also created good support around 2280 levels. Stucture of the stock is good on the higher timeframes, hance if it sustains 2280 levels, it could move towards the range upper end i.e 2500 levels and also beyond it up till 2780 levels.

manuagarwal21

Since banknifty had a great closing this week, it looks like, we might see some more upside in the index in the coming weeks. There is a probability of Bat Pattern on the daily chart, and if unfolds, the index can see 37000 levels, in the coming weeks. And there is also a probability deep crab pattern on hourly charts, suggesting levels of 36400. hence the...

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The stock now took resistance at the levels, which it was trying to hold since 14 May 2021. Now sustaining below 685 levels, the stock might be moving towards 615 -606 levels.

manuagarwal21

The stock was on the loser list today. The recent price looks weak and it can get weaker in the coming trading session if went and sustains below 1090 levels. The Next strong support I see is around 870 levels, approx 20% lower. Could be a good positional trade if sustains below 1090 and could be trailed if moves as per the analysis.

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GMM PFAUDLAER LTD at support

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Nifty traded in a wide range of approx 300 points today. Candle formed today is a Big range hammer candle. Candles Structure is of lower low, lower high. Gap resistance above hammer candle Price support underneath hammer candle. All above observations are somehow suggesting that the index might oscillate in a big range in the coming week, it might see selling...

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Banknifty formed a big range of approx 900 points forming hammer candle at the close. The Hammer candle was formed with a good volume. An important thing to notice here is that the Hammer Candle was formed near support. But the catch here is that the structure of this hammer candle is of lower low and lower high, which confirms the short-term bearishness is...

manuagarwal21

Easy Trip Planners currently is in correction mode, after seeing a remarkable rally from 161 levels to 454 levels, that's a whopping gain of approx 180% in a very short span of 2months. Now the question is where the stock could take support ? Daily Chart suggests support around 360 levels, and there is also a harmonic pattern formation, which also suggests...

manuagarwal21

Bank nifty opened gap down today and it tries to fill the gap it created today, but couldn't sustain it and closed where it opened today, forming a Doji kind of candle today. Doji candles are indecisive candles, there formation are more important if they form at support or resistance levels, in this case it formed at the support area, an area where prices took...

manuagarwal21

Silver is witnessing quite a huge dip today, opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000. Hence , even if we se any rally in the coming trading session...