shivalingesh

shivalingesh

I am looking it at the Monthly level - you can see the price inside the Big Triangle. Currently price is completing the second leg of the Triangle zig-zag. If my assumption is right, there is still room for 30-35% downside, until it hits the lower wall of the Triangle. Venky's being one of the largest company in India engaged in poultry, breeding and chicken...

shivalingesh

Price is contained around 2000-2500 range for more than 3 years now. It could have broken out earlier but the financials are not favourable for that to happen. Despite the negative quarters for SRF price is still holding its range — this hints that: market is waiting for positive news and any little positive can bring rush in price movement! Since Management...

shivalingesh

It was just a Flag breakout, until I drew the curved-trendline; now i can't unsee it!

shivalingesh

This is about to make breakout of its multi-year w-pattern / volatility contraction. Pharma being at the good position, makes it more attractive. With recent financial exceeding estimates indicate that the company is inline with what chart is projecting. What do you think? Will its price sustain above 1000-1100 level?

shivalingesh Updated 

Observations: I can see the LIC Housing Finance has broke out of its yearly resistance. Zooming out, Surprised to witness that, the stock is nearly at the same structure (technically) where it was in 2014. As if it is retracing. In 2014 after its breakout hits the 500 round figure and corrected. Now I can presume the 1000 round figure would do the same. If...

shivalingesh

Is it gonna break multi-year range? With recent Q3 results I can assume that the price action got the support of Fundamentals as you can see the price just attempted to break its barrier though it is unsuccessful; looking at the similar pattern before -- the current structure almost resembles the pattern the stock is following. like historic pattern,...

shivalingesh

Observations: Over the Monthly timeframe it just made breakout of TRIANGLE pattern, along with crossing 200-ema, R1-Fibpivot. It seems to be in sync with Media index. Which is also just at its R1-Fibpivot. Both index & stock are looking bullish.

shivalingesh

Orient Cement just came out of its lifetime rectangle box., with the good supporting volume. 200-240 could be its breakout test.