sandeepbalachandran

sandeepbalachandran Updated 

Running in a parallel channel. Has tried to breakout multiple times only to fall back to the demand zone. Will it give a breakout this time? Maybe, maybe not! Should you invest? I cannot provide an answer to this. That is for you to bet on! You can risk a small amount by trading it now or you can wait for it to break and close above level 480 to initiate a...

sandeepbalachandran Updated 

The chart says it all! Trade small since the market is still extremely volatile! Happy Trading!

sandeepbalachandran

Strong stock that is close to oversold on the monthly and weekly. Currently sitting in a strong demand zone. ====== Not investment advice. I am only sharing what I see and understand. How you take this trade is up to you! Happy Trading!

sandeepbalachandran

A rising wedge basically signifies a probable end to an uptrend. However, we have been wrong a number of times. But in such irrational and nuclear times a break in trend can signify a massive fall in the price of a stock. Even though this stock looks strong, the monthly timeframe looks extremely weak. Should this weekly support break, we can clearly expect HAL to...

sandeepbalachandran

Tata Consumer would have been an excellent pick for a swing but with Nations preparing for a probable Nuclear strike I wouldn't suggest going long at the moment. This script looks excellent for a quick scalp. The first hour might see a correction but once the script starts moving, it's likely to gain a good upward momentum. Remember - the first hour is crucial....

sandeepbalachandran

One of Trading Views' strongest feature is its screener. Probably the best some of us have gotten used to so far. This is a small tutorial /writeup to help you search for stocks probably sitting at support. Remember, for certain stocks their area of value is 20EMA, while for some it’s 50EMA and for others it could also be 100EMA, so on and so forth. Basically,...

sandeepbalachandran

Current trend channel Network18 is moving in. My views on Network18 are bullish but with the current market scenario, a bull run can turn bearish pretty quickly. So if at all you want to trade in this script, go small initially and then choose to go big if you see potential for a good move. Also, you best bet would be to buy at support. ====== This is not a...

sandeepbalachandran

I just came across a post that connects the 'Closing of a Green candle' with the 'Opening of a Red candle' stating a Breakout. This is completely and utterly wrong in terms of analysis! ====== Go easy on the 'Buy' button because there are multiple resistance points. The stock might take support anywhere from 582 to 590 before moving up. If it doesn't you can...

sandeepbalachandran

Cooper at resistance. Wait for a retracement before stepping in. Will likely retrace because the 4-2-1 hour timeframes are in overbought zones. Patience is key! ====== This is not a recommendation though. Trade as per your knowledge and your risk appetite. And do not base your trade on what I give. Please do your own research before investing! I don't post as...

sandeepbalachandran

It most likely will correct itself today before moving up. The previous three candles are not too convincing to carry itself up. You can place this on your watchlist 'cause the overall trend is up! The daily is clearly in the oversold areas. However there is still space for it to move lower! ====== This is not a recommendation though. Trade as per your knowledge...

sandeepbalachandran Updated 

This script follows a particular trend and is currently at support. The trend here is that the stock bounces off the 50 day EMA. So I am expecting it to bounce back again since it is at a trend line support and EMA support (not a perfect support but works for me). Targets are given, trade accordingly. ====== This is not a recommendation though. Trade as per your...

sandeepbalachandran

The stock is currently consolidating after a massive bull run. However, the weekly timeframe has gone into a correction phase, reason why I have placed a second support line. Should it break and close below Support 1 you can expect the stock to fall to values of ~537-540. ====== This is not a recommendation though. Trade as per your knowledge and your risk...

sandeepbalachandran

This stock has been in its accumulation phase for the last 7 weeks. It is highly likely to swing back up in the coming days or weeks. Keep it on your WL. ====== This is not a recommendation though. Trade as per your knowledge and your risk appetite. And do not base your trade on what I give. Please do your own research before investing! I don't post as often...

sandeepbalachandran

Everyone stating to buy Britannia without knowing that Britannia actually lost its steam on the weekly. And the falling market is only adding to this stocks overall fall. Britannia is likely to fall further or move sideways until it gains momentum. But this is a prediction none of us can give. However, if it does gain momentum it will likely touch 4000+ points. It...

sandeepbalachandran

Very likely on the path to a Breakout. Continuous formation of Higher Lows suggest buyers stepping in at almost all price points. Stock also looks strong across most TFs except for the Daily. However, this could trend like Tinplate. ===== Market is volatile. So take your trades with a little caution. Happy Trading!

sandeepbalachandran

Always remember that the price cannot be too far away from the 20 and 50 day moving average. If it's too far, like in this chart, it is bound to retrace back to its area of value. If you missed a chance to jump in early, you should refrain from jumping in late. The area of value from where Tesla is likely to take support from is somewhere in-between 850 and 880.

sandeepbalachandran

Wait for it to retrace to 48/50. Weekly looks exceptionally strong for an up move. ===== Market is currently volatile. Trade accordingly. Happy Trading!

sandeepbalachandran

New support and resistance lines for Delta Corp. Expect it to correct or retrace to either S1 or S2. My bet is, it will retrace close to S2 because the 4, 2 and 1hr TFs are weak. ==== Market is extremely volatile, so trade accordingly!