TheUnlearningOne

TheUnlearningOne

Key levels to watch is 108, breakout beyond which will add momentum to the scrip. 113, 117 and 125 are short to medium term levels to keep a watch. On daily chart, the price is sustaining above 20 EMA. Always keep a stoploss.

TheUnlearningOne Updated 

LT looks set for a breakout, identified with a cup and handle formation- with the ideal buying range between 1900 and 1920. Short term target of 1984 and long term target of 2230. Always keep a stop loss at 5-8 percent. Note: Not a buy or sell recommendation, but a personal analysis for educational purpose.

TheUnlearningOne

Yes Bank is set to close above its 200 EMA. Also watch volume activity. One can keep Yes Bank under watch for a target of 17 in the medium to long term. Important is for Yes Bank to remain above 200 EMA for further action.

TheUnlearningOne Updated 

BIRLASOFT emerged out of 22 weeks of consolidation. The stock has consistently remained above weekly 30 ema. This ensures the stock is strong. When the stock breaches the 30 weekly EMA, then we need to be cautious. Currently, RSI around 70 and in upward trajectory denotes positive momentum Also, important point to note: RSI has very rarely breached 60 with...

TheUnlearningOne

Last week, Tata Motors violated the 20 day EMA. Today, after breaching the 50 day EMA, the stock price rebounded and closed the day above it. As per the chart structure, 451 at 50 day EMA and 434 at Fibonacci level can act as a good support and rebound zone. Support at around 100 day EMA and Fibonacci retracement level around 402 if it breaks 434...

TheUnlearningOne Updated 

Currently State Bank of India (SBIN) is under pressure and its price action points to a correction, and its 50 day EMA was breached at 486. Price violation below the trendline around 466 would create downward pressure. And the stock might test 456 and 438, which are 100 and 150 day EMA respectively, if weakness in the stock persists. However, these levels can...

TheUnlearningOne

IRCTC has breached the trendline at 866 and 50 day EMA at 826. Critical is the Fibonacci level at 823, the breaking of which the stock should find a resistance at 803. Below which another support is at 777. Further downward movement and 723 should act as a strong support zone, which is also 100 day EMA. On the positive side, target of 1056 if it breaks the...

TheUnlearningOne

Simple price action analysis on a Monthly chart of ITC. Initial resistance at 246. Upon breaching 246, it might test 266 in the short to medium term. Medium to long term target is 295. And yes, a bit of patience... and patience is virtue.

TheUnlearningOne

Simple price analysis of Laurus Labs. Laurus Labs, currently has found a support at around 450 and has made reversal. Critical thing to note would be when Laurus Labs crosses the 200 day EMA, at around 529. Need to check other supporting parameters to see if the turnaround is in the corner. The RSI has reversed from 40 and is currently at 46. Positive trigger...

TheUnlearningOne

Delta Corp is on upswing and here's a simple price action analysis. Breakout of 308 assumes importance. After which we can see an Initial target of 312, and if the momentum continues, it might touch 332. Support zone is around 294 - 290. Based on incremental targets being achieved, we can revise the target. I am bullish on Delta Corp and hold position, hence...

TheUnlearningOne

After touching high of 267, the price retraced to 201. After a tight consolidation we now seen an upward movement. Initial target is 268, after which the price can touch 297. Around 297-300, I feel the momentum might slow down and extreme caution is to be exercised in case of new positions, since the stock has already given a substantial move. However, I am...

TheUnlearningOne

Follow up to my earlier post on DELTA CORP on August 25, () The stock has given a breakout at 190. If the upward momentum continues, I think it should touch 234. Fundamentally, the company is debt free and has a strong balance sheet. Trade wisely and responsibly.

TheUnlearningOne

A symmetrical bullish triangle formation helped with an increase in volume augurs positive movement. RSI has crossed 50. A movement beyond 180 and with an initial target of 189 will create significant momentum and movement in this stock. The stock has breached the 55 day EMA but reversed before it could touch the 200 day EMA. I feel there is strong support...