VEDANTA as per Daily chart Analysis is in the Channel Pattern.
Shareholders of Anil Agarwal-led Vedanta will consider a proposal on oct 11 2022 to transfer ₹12,587 crore from
general reserves to retained earnings for further distribution as dividend to investors.
The special dividend of Rs 12,500 crore is likely to be Rs 33 to 35 per share.
NATIONALUM is about to Break out and Buy Above 76 and Target 132.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend...
Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis.
we have 3 methods to identify price action with candlesticks.
1.One Price Bar (Pin Bar)
2.Two Price Bars (Inside and Outside Bar)
We had give a call on 30th May sunpharma that it has a stiff resistance at 483. Stock moved from 474 to 483. Today the stock reached 483 and reversed as per our analysis. Today, If you see daily chart of sun pharma the candle formed is of exact size of 30th April will almost same low high and open and close. what does it indicate.. it indicates that the sellers...
OIL india had a good up-journey and is now ready for possible major consolidation.
OIL india generated a nice bearish engulf followed by a sense of confusion in the stock
Short OIL India
CMP - 350
Short below 345 (risk takers can short right away)
Target - 339 / 323 / 295
SL - 360 (people who are looking for smaller SL can keep it at 355)