karthikommi

karthikommi

Nifty closed at 19140 with strong recovery from yesterday's low. However, 19180-19200 still remains strong resistance and once it breaks then, we can target 19300(100 DEMA) . Strategy for tomorrow based on 15 min chart:- If it opens gap up near 19200, then wait for price action for breakout or selling from those levels . If selling persists, then we can target...

karthikommi

Nifty closed at 19047 with little rebound on Friday session. On weekly charts, it closed below the trendline and broken the neckline of H&S pattern . Hence, overall trend is bearish. Strategy based on weekly charts:- Since Nifty has broken the trendline, this trendline may act as resistance in near term and if Nifty closes below Friday's low(18830), then next...

karthikommi

Sensex closed today at 63148. It crossed below 200 DEMA and is in bearish zone. On daily chart, we can see supporting trendline. Strategy for 27 Oct 23 based on 15 min chart:- If it breaks63120, then next target is 62860. Since H&S neckline has broken on Wednesday, the target should be around 62000-61920 in the near term where there is support of trendline. we...

karthikommi

Nifty closed at 19122 and entered bearish trend post breakdown of H&S neckline and also crossed 100 DEMA. Further, we can see that it closed exactly at trendline taking it as support. Breaking down this level would further push Nifty down. Strategy for 26 Oct based on 15 min chart:- If it goes below 19075, then we can short Nifty further and target should be...

karthikommi

On daily charts, we can see major trendline breakdown, neckline of M pattern broken and 200 DEMA(43267) is also broken. The overall sentiment of BNF is bearish and there is death crossover of 20 DEMA crossing 50 & 100 DEMA from above. On 15 min chart, we can see inside candle bar towards closing. Strategy for tomorrow based on 15 min chart :- If it goes below...

karthikommi

On daily charts , after continuous downtrend, there is good candle formation (similar to Piercing pattern but with opening above the previous close) with good volumes on Friday. Also, it is very close to 200 EMA on daily charts. However, weekly and monthly charts are in upward trend. Taking it as a CONTRA trade with small qty at CMP and would build up position as...

karthikommi

Symmetrical triangle pattern breakout can be seen on weekly charts and retest has also been done. This indicates continuation of uptrend as evident from rising EMAs on all three time frames (Daily-weekly-Monthly). Good to buy at CMP with near term target of 450 with SL of 380.

karthikommi

Multi-year breakout seen in the stock on monthly charts and retest of the breakout has been done on weekly charts with EMAs (20-50-100-200) aligning properly indicating continuation of uptrend. Good to buy at CMP with SL 170.

karthikommi

The stock gave a trendline breakout on weekly charts with huge volumes. On RSI, it gave a breakout of previous swing showing bullish trend. Best buy at 163 with SL 145. First target should be 195 followed by 220.

karthikommi

On daily charts, there is range breakout with good volumes and we can see there is W pattern formation on price charts. On daily RSI, there is breakout of previous swing indicating upmove in near term. target is 650 with SL 600.

karthikommi

On daily and weekly charts, there is good breakout with huge volumes and on daily RSI, there is neckline breakout of inverse H&S pattern indicating bullish upmove in the near term. Target should be 1450 with SL of 1200.

karthikommi

The stock gave a proper range breakout on daily & weekly charts after consolidation with huge volumes . We can see trendline breakout on daily RSI indicating bullish upmove in near term. Target should be 168 with SL 130.

karthikommi

The stock gave a clean breakout on daily charts with good volumes and we can see trendline breakout on daily RSI. On weekly charts, there is breakout after consolidation for few weeks and also, we can see flag and pole breakout on weekly RSI . ADX is looking strong. near term target is 480 and SL is 350.

karthikommi

On daily charts, we can see 20MA line crossed 50 MA line from below indicating that stock is gaining strength. Price action shows that retest occured on the breakout line and closed above the resistance line with huge trading volume . RSI too indicating change in support and resistance levels and moving towards RSI 60 indicating momentum is increasing. first...

karthikommi

On weekly charts , RSI is > 60 indicating bullishness and closed with bullish candle after retest of breakout with decent volumes. we can see cup n handle breakout too and stock is trading near its ATH. Looking good in short term

karthikommi

The stock is in strong uptrend on daily charts and near its ATH. The closing price is above 20 MA line and there is further upside movement. RSI shows bullish momentum on daily, weekly and monthly charts. ADX is indicating strong trend. Near term target is 4770.

karthikommi

on daily charts, the chart is showing good momentum with volumes. ADX indicates strong uptrend and RSI is in U-shaped recovery indicating further strength . The stock is forming HH-LL above 20 SMA line and having strong resistance at around 790.

karthikommi

As per daily charts, the stock is in strong downtrend as indicated by ADX. RSI broke its previous low and entered bearish zone. 20 SMA crossed 200 SMA `from above indicating further weakness . Target is 6130.