Maxhealth:- CMP 239, Looks Good for 260 Invalids below 228
All observations of chart There was Distribution from 13500 to 10750 zone during 2015 to 2016. Down Trend there after till June 2019. From June 2019 till March 2020 there was a accumulation phase. In April 2020 Index gave a range breakout and there was good upside which lasted till mid Sep 2020 As you can see index struggled around 12000 level during Sep 2020 to...
#MEGHMANI ORGANICS (MONTHLY):- BUY ON DIP (130 TO 80) FOR TARGET 300 WITH STOPLOSS BELOW 60 WCB #Disclaimer:-I just shared view for only educational purpose.
''Candles might help light the way.'' :- Steve Nison 1. HDFC BANK was moving beautifully in an upward parallel channel. 2. At the level of 1640-1650 price, Stock faced resistance thrice, then the price started moving in the downward parallel channel in the tight price range. 3. Stock then broke both parallel channels then fall to the price level of 1352. 4. Stock...
All observation on chart. Below is the short term view for Entry Looking at the overall structure, Current levels are tempting to buy and hold for Big returns.
1. Rounding Pattern 2. Support 3. Breakout & Retest 4. Above 50 EMA Hence take a Long Drive with Tata Motors
''Happstmnds Recent IPO" After very good IPO listing Stock was in consolidation after Steller listing was not able to break first day high for quit few times 1. Try to break in first attempt(shown in candle '1') good volumes seen but candle was weak onw But BO of this candle not happened 2. Again try to BO (shown in candle '2') good volumes with very strong...
BO with recorded high volumes now at retest Buy at CMP (good buy zone is 50-45) weak below 38(Small cap so please maintain SL below 38 on closing basis) target of 64-74-90 Resistance acts as Support near 49-47 Also Fibonacci retracement zone (61.8%) near 48 Increasing volumes during uptrend volume dry up during consolidation
PRICE CAN GO DOWN ITS OPPORTUNITY SHORT TERM FOR SELL BCZ OCCUR HEAD AND SHOULDERS CHART PATTERN IN EICHER MOTOS
Gujarat Alkalies has shown a strong weekly breakout from accumulation phase. We would wait for a pull back to the channel to take an entry - around 380 levels. Details mentioned in the chart. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or...
* This Stock trading near its major support area (0.618) FIbonaccci retracement level and made a rounding bottom pattern . All technical evidence gives a bullish sign .
PHILIPCARB:- BUY AT CMP 200 TO 180 TILL Accumulate For 275,350++ With Stop Loss 165 DCB
Targets 3231. If you like my analysis, Please click the link for my other charts. Feedback is always welcome. Thank you.
A double bottom pattern right at the base of the parallel channel along with a bullish divergence indicates upward continuation in the stock for the targets mentioned.
AMBUJACEM (FUTURE):- NEAR TO ROUNDING BOTTOM BREAKOUT
Nifty has broken its major resistance trendline & changed its trend from bearish to bullish. It tried breaking the Fibonacci 61.8% level but couldn’t break it. We can also see a possible cup formation. Price has been trading inside the cup we made on chart. If nifty trades in range for tomorrow we can confirm that the cup n handle pattern is completed and a...
In today's session, Nifty showing breakdown of its double top pattern neckline with strong bearish candle. After breakout of this support expected nifty will give downside target of 13600 in upcoming trading session. Today nifty hold its nearest trend support. We can wait for breakout of this support too. After breakout possible quick downfall towards the target....