kk827

kk827

ITC double bottom and long term resistance breakout on monthly charts

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Bharti Airtel has taken support at the weekly trend line Reversal Candle formed on the weekly. Hidden bullish divergence . This happens when price makes a higher low and the oscillator makes a lower low. This is just for information/'learning purpose and should not be construed as a Buy call

kk827

Positive RSI divergence + some good volumes in the last 3 bars. Could be a reversal

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Hammer forming / doji on 15 min RSI oversold. Might be a good point now

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Premco Global has been correcting after the uptrend till around 1000. Now its at around the 61.8 percent retracement level Based on Vol analysis its looks be in accumulation phase now ( marked inside the rectangle) and a reversal might be on the cards. RSI also rising Also there is a double bottom on the daily chart

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Nifty needs to breakout of this ascending triangle with neckline at around 10642 to continue the up move. So thats an imp level to watch for today

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IDFC bank formed a double bottom with positive RSI divergence . It then broke out of the double bottom and retested the neckline back yesterday

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Alphageo has broken out of a falling wedge or a pennant. This is a bullish continuation pattern . RSI is also rising and above 50

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The stock has been consolidating after a downtrend and is forming an IHS pattern. The stock might soon breakout above the neckline

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As can be seen from the Weekly chart, Tata motors has taken support above the double bottom neckline Also it had taken support at the internal trend line inside the channel. Also RSI above 50. Looks poised for an up move in my opinion This is just a view. Please do not base your trading decisions based on this.

kk827

M&M weekly channel breakout and retest. RSI at 52 1390-1410 -good zone to buy SL close below 1385

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Nifty has been forming a descending triangle on the 15 min chart . Also it has not been able to break the resistance at 8820 Price suggests that 8700 is possible Stop loss should be if it breaks out of the descending triangle on the upside