Nifty opened gap down today, it tried to fill the gap it created today, but couldn't sustain at higher levels and closed almost where it opened today. If you see the today's candle formation, its like a inverted hammer candle, but the structure of the candle is of lower low and formed after gap, hence not very important for support purposes. Now what for...
Banknifty formed a morning star pattern in the last few trading sessions, and if the market has to go up, this pattern should see a follow-through, which clearly it didn't. If I look at the structure of today's candle. Opening: It opened a gap down, which was unexpected, but it's market, it's supreme it can do anything it wants, all we can do is to follow...
The stock looks great, we could see a trendline breakout with a decisive candle with good volume. Though the stock did not see a good momentum movement post-breakout. Now if it sustains 660 levels, chances are that it might be moving towards 720 initially and then towards 750 levels. Trade type: Positional
Britannia saw a good move from 3370 levels, moved above its recent high around 3555, and then taking support at it by moving in a range from the past 5 trading sessions. Now considering the recent price action, it looks like if it sustains 3500 levels, it could move towards 3800 very fast. This is my personal view on the stock, please feel free to comment what's...
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...
SBIC card has come into motion and is probably moving towards 1080- 1100 levels, Please refer to the previous post of sbic, linked here.
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
Auropharma looks good, sustaining 1025 levels, it could move 1056 levels in the near term.
Banknifty Intra charts, suggesting if it holds 34750, then it's probably moving towards 35240 levels.
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.