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...
Nifty opens gap up today, followed by a good move, now sustaining above 14950, it could initially move towards 15220 and also towards 15430 levels in the coming trading sessions
The current structure of USDINR is still weak and is probably moving towards 72.65 levels. The current chart shows two technical possibilities that suggest goos support zone in the 72-73 range. At First, there is trendline support, that the prices broke in April 2021, and the same trendline would now act as a support. Secondly, there is also a harmonic pattern...
Banknifty opens lower today and saw selling only to close near its low. The immediate support I see on the index is around 33300 levels. If the prices hold these levels, they might move towards the recent highs. Any opening below 33300, would trigger selling in the index and prices may move instantly towards 32980 and maybe towards the lower end of the range...
The stock has broken its 3 years downtrend trendline in Dec 2020 and has been able to sustain above it and consolidating in the range of 200- 150. Currently, prices are trading at and taking support at the lower range. And it is likely that it might bounce and move towards the upper side of the range at the minimum. One more positive thing to notice here is the...
Trendline trading is the easiest form of trading, all you need to do is to learn the art of drawing trendlines. In this post, I will tell you, how I identify trendline breakout trades The first step is to identify the structure of the stock, which is necessary for identifying the current trend in the underlying stock. Once you have identified the trend, start...
I was scanning the stocks through the gainers and losers list today, and the stock that took most of my attention is the Powwergrid. Why? Let me tell you, the first and foremost reason was: the stock went above its all-time high today, though couldn't close above it, but it did make a new high today. Second: Price Action on All timeframes are in alignment, all...
The stock formed alt bat pattern on its 15 min chart, suggesting a supply zone around 337-340 levels, which was further confirmed by the price action that the supply does exist there. I am considering New Buying either above 340 levels, or at the support levels if the stock retraces some of its previous move from 310- 336. Strong support stands at...
Bajaj Auto has reached imp support levels, if held we might see a good bounce in the stock. Harmonic Support, Price action support, and 200-day moving average support all converge near the 3300 levels.
UPL - Looks amazing on all timeframes
Stock did a good breakout from 4 months range. Breakout type: Decisive Breakout Volume: Huge Now sustaining the above-the-range, stock can move towards 460 and 480 levels.
ITC bounced from the important level on the weekly time frame, suggesting buying still comes, whenever prices reach this zone , hence called happy zone for the buyers. In the near term, it could move up to 213 levels and would zoom up above 215 levels 240 levels.
Granules are at support now, these are the levels from where stock bounced very well in the mid April. Seeing current price action, and the solid support, it looks like stocks could bounce from these levels again. Now this bounce-back would be temporary or not, i don't know as of now, the best way to trade is to start trailing once the trade starts moving in...
HDFC BANK has seen a very good trending move yesterday and it also went above and also closed above the supply zone (1415-1425), which would now act as a demand zone, hence any dip in the stock would most likely be absorbed soon, as long as stock is trading above 1410 levels. Immediate resistance is around 1480-1490 levels. This trade offers a good risk-reward...