srinivasbusy

srinivasbusy Updated 

Stock is currently trading at a crucial level , expecting a move up considering the momentum and cashflow observed in the recent past . Though a good 6% target on the cards but trade with caution around the most recent swing high .

srinivasbusy

Stock has given a breakout at the star of the year and pulled back and re-tested the 0.618 levels maintinaing the swing and trend , I see good strength in both momentum and cash flows on this counter on the upside with a good risk to reward ratio . The breakout of the triangle shoudl trigger a good short term move . Level plots on the chart . Cheers ~

srinivasbusy Updated 

The bank index has been moving inside an upward channel from over a year respecting the channel tops and bottoms twice each with good patterns and structures. The index pulled back around 4000 points in the month of January 2024 and since then has been steadily moving up forming a good HH (higher high) and HL (higher low) sequence. The channel top touch at the...

srinivasbusy Updated 

Stock has rallied good in the recent month and started making zigzag zone and at the same time struggled to make a higher high indicating signs of weakness , the rising wedge and a rounding bottom within it supplementing the weakness bias . Momentum indicators signalling diversion and not much market participation ( possible signs of distribution...

srinivasbusy

Shorting a stock in an up-trend is usually something I don't recommend, however there is no thumb rule that’s out there in the stock market. I firmly believe that stocks exhibit the same moves they did in the past and the technicals sync-up. Today the overall sentiment of the broader market was neutral-bearish and despite the stock being in an uptrend shorting...

srinivasbusy Updated 

Stock has consolidated good and started making higher high , trend continuation expected if the level are maintained . A classic round bottom in formation , immediate short term trade trigger could be the break of triangle for a good bump .

srinivasbusy Updated 

Index is currently in a no trade zone and i'd recommend traders refrain from trading any related instruments to avoid getting chopped out . Plots available on the chart how the earlier zone was traded for referrence . Trade wisely !

srinivasbusy Updated 

Stock ready to slip into supply zone with a break down of the triangle pattern . Plot on chart for reference ~

srinivasbusy

Stock has re-traced sharply after the massive fall and is drifting on the slope, bearish pattern in the making . Break of the orange plot shoudl trigger weakness Level plot and high leve study on the chart.

srinivasbusy Updated 

Stock could possibly face correction considering the massive up-move and the signs of momentum slowing down with weakness and bearish patterns . Price breaking down the channel could trigger a move south Plots on the chart for reference .

srinivasbusy

Stock ready for a small bounce up at the break of the orange plot .

srinivasbusy Updated 

Stocks looks good for a move up into the supply zone with a decisive break from the netry zone plotted .Plot reference on chart ~

srinivasbusy Updated 

Stock is consistently making higher highs and has been protecting the trend Chartically forming a bullish pattern on an hourly timeframe with a good volume profile at the CMP Level plots on chart

srinivasbusy

Stock looks weak with loss in momentum and inconsisten cashflow . Leel plots on chart for reference

srinivasbusy Updated 

Stock possibly in distribution mode and struck is in a range Tricky as teh divergence is getting digested , a 50:50 trade with a bearish bias Level plots available on the chart

srinivasbusy Updated 

Stock looks good for a move up following up a accumulation , forming a bullish pattern and good momentum . Plots available on chart for referrence

srinivasbusy Updated 

Stock looks good for an upmove forming a bullish pattern and recent market participation indicating a strogn move ont he cards soon , but for short term looking at a 4 % swing move up .

srinivasbusy Updated 

Stock currently looks weak , unable to decisively break the high created on June 2'nd and inching towards making a lower low on an hourly time frame . Looking at slide down possible if the marked level is taken out .