Good Accumulation Phase Near all time high Upmove may continue
Above all crucial averages 200 and 50 DMA, Strong uptrend followed by base formation. ATH and beyond possible
Stock consolidating near crucial moving averages 200 and 50 DMA If breakout, can test all time high
Positional Call Do not miss level. Excellent Stock with string fundamentals.
DATA DRIVEN ANALYSIS OF NIFTY & BANK NIFTY FOR THE WEEK ENDING 31-12-21 This is a new weekly post/series where I will briefly capture the key highlights of the 2 leading indices. This post is supported by a video that takes you through the details of how I have arrived at the analysis. I encourage you to view the video as well since not everything can be captured...
VCP pattern, Possible breakout to ATH and beyond respecting 200 and 50 DMA
As per the 2 Hour Chart of GODREJ CONSUMER, we can witness a Formation of “Bullish Harami” on the chart. Therefore, we are expecting a bullish momentum in GODREJCP in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 961.95, 968.25, and 976.40. Whereas, on the other hand, on the downside levels, the...
Good Morning! Presenting 2021’s last Morning Mantra! Well, Just as we have been stating about Nifty trading in a sideways zone and about the stock specific momentum, the same was witnessed in the Yesterday’s Trading session as well. Moreover, it is being expected that even today, the same kind of stock specific momentum will be witnessed and that Nifty will...
Strong uptrend followed by long consolidation with volatility contraction on low volumes Respecting 50 DMA
Strong uptrend followed by good volume contraction, Respecting 50DMA and 20DMA
Positional as well as Investment Pick !! Excellent Fundamentals
As per the 2 Hour Chart of NESCO, we can witness a Formation of “Piercing Pattern” on the chart. Therefore, we are expecting a bullish momentum in NESCO in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 589.70, 602.15, and 608.25. Whereas, on the other hand, on the downside levels, the stock may...
Good Morning! Currently, Nifty seems to be trading in a narrow range of 17,155-17,220-17,360. Wherein, the level of 17,155 has become the level of support for the Index and 17,360 is the level of Resistance, as of now. Moreover, let’s wait and watch through this narrow range. As it is being expected that currently, the Market will continue trading in this...
Good Morning! Just as we have been stating since few days now that Nifty is trading in a super consolidation zone. Similarly, we did witness the same yesterday also, as Nifty traded in a sideways zone for almost the entire day. But again, fortunately by the end of the day we had also witnessed a closing of above our predicted level of Resistance at 17220, which...
Above all DMAs All time high possible Good base formation in uptrend
Good Morning! In adherence to our notion of expecting a stable closing of above the level of 17000, we can say that even after witnessing the index trading in the range of 16800-17000 for the almost the entire day, yesterday, Nifty had once again shown us a beautiful bounce back and had fortunately given a closing of above 17000. Hence, this is more of a “No...
Above 50 and 20 DMA, Once volume catch up looks good long trade
Respecting 50DMA Relative strength +ve Base breakout possible