Price - 570.20 Dt. - 21-02-2021
The stock started moving in an up direction after hitting a month low of 520. After moving up for 5 days the stocks started consolidating making a flag pole pattern. From the last 2 sessions, the sellers are trying but not able to give close below the support line. If stock gives a close above the resistance line placed at 596.45,...
Price - 884.55 Dt. - 12-01-2021
It looks like uptrend in Relaxo Footwear is over and the stock given close just 4 points above the support line. RSI is in the overbought zone so we are expecting more profit booking as stock already is in downtrend from last 5 sessions. We are expecting the stock to come till the support zone which is placed at ₹828.55. 21DEMA is...
Price - 937. Dt. - 11-1-2021 Time - 3:00 pm.
Support line placed at 917 levels. Current stock is moving between 938-942. According to the report the govt. can increase the FDI limit in the budget. RSI is already in the overbought zone so we are expecting some correction in coming days and stock can come up to the support level or till 21DEMA or 50DEMA If the...
Price -1592.10 Dt. - 07-01-2021
Stock is moving in an uptrend from late September and provided roughly 10% profit every month. The stock has given the closing below the resistance line of 1597.10. We are expecting the stock to take the support of 21DEMA and start moving up. RSI is neutral. If stock starts moving up from the next trading session can it can go near...
Price - 590.10 Dt. - 1-1-2021
Stock is in uptrend from August and facing resistance at trendline. On 31st Dec. the stock broke the trendline and closed successfully above that with higher than average volume. Today stock opened above the trendline and managed to close in green by making a Doji but with very less volume. RSI is at 71 near oversold zone. We are...
Price - 238.35 Dt. - 01-01-2021
The stock is in uptrend taking the support of the trendline. Price recently took support on the trendline on 22nd Dec. and continued uptrend. We have observed one thing that whenever price resume after taking the support of trendline, the volume is higher than 10 days average. Interestingly, the volume is higher than the last...
Dt. - 24-12-2020 Price- 517.3
On a daily chart, the stock made the hanging man candle along with a double top. The stock also faced resistance at dark blue trendline. This all indicates the stock can correct some more before moving up. Stock can come down till horizontal support line placed at 488.80 or the purple trendline. It looks like a stock can break the...
Dt. - 24-12-2020 Price - 513.55
Price took the support of the old trendline on 22-12-2020 and started moving upward. Horizontally the support line is placed at 501 and the next resistance line is 527.05. If the stock takes support at 501 and bounces back then it can go up to 527 for the 5% profit. 2nd resistance line is placed at 551. RSI is neutral and 21 DEMA...
Price - 1163.20 Dt. - 11-12-2020
The stock is taking continuous support of the trendline and moving in an up direction. The resistance line is placed at 1186 at 52 weeks high of the stock. The price is on the verge to break the ascending triangle pattern in 3-4 trading sessions.
Buy call will be activated after it breaks the resistance line.
Dt.- 27-11-2020 Price - 2925.75
Made a bearish Doji indicating there will be a correction. We are expecting that it may visit the support level that is placed at 2881.05 and if there will be more selling pressure among stocks than it can go up to the 21DEMA. Nifty Metal is in the overbought zone. This will be the key entry-level for the put option trader.
Price -647.75 Dt. - 27-11-2020
The stock is moving in a range from May. In the last trading session, the stock took support at 21DEMA and the support line which is placed at ₹638.65. If the stock opens in green then it can go up to the price level of ₹669.85.
Price bounce back after touching the 21DEMA line and occasionally the price breaks the 21DEMA line and...
Price - 511.65 Dt. - 27-11-2020
Support level is placed at ₹501.75 and resistance level at ₹545.70 and then ₹560. On a daily chart, the stock made a shooting star pattern with more than an average volume indicating that stock can continue falling for a couple of days. RSI is neutral.
We are witnessing the selling pressure in Nifty as well as in Nifty Pharma so...
Today Nifty traded on the flat note between 12,940 and 13,000 levels. On a daily chart, it made a hanging man candlestick pattern that indicates the nifty may correct in few trading session. Historically, the nifty has taken the support of 21DEMA so nifty is likely to take support at 21DEMA. If nifty breaks the 21DEMA than nifty can go up to 12,428.40 levels. RSI...
Price - 1899.50 Dt. - 22-11-2020
Stock is clearly in a downtrend from Oct.15 and it looks like it will continue for few sessions as the Indian market is going to witness some correction in coming sessions. The support level is placed at 1830 and stock is likely to go near that. At the price range, it will be the opportunity to purchase for the long term investor...
Price - ₹517.15 Dt. - 16-11-2020
From Oct. 1 the price is moving in a range between 506.5 and 535.5. Stock is also taking the support of trendline regularly. Recently on 11th Nov. stock took the support of the trendline. The price has given the close near the 21DEMA and we are expecting the correction near the 510. RSI is neutral.
Price - ₹840.15 Dt. - 15-11-2020
Price is near to the support/resistance line. Price made bearish Doji showing the stock can correct till ₹815 near 50DEMA. RSI is neutral and from last few trading sessions the stock is witnessing less than average volume. Buy call will be activated after the expected technical corrections and after the volume start coming.
Price - ₹613.15 Dt. -15-11-2020
Price made a Doji on a daily chart indicating that it exhausts the uptrend and we can see some correction in the coming sessions. The support line is placed at 584 and buying opportunities will generate from there. RSI is in overbought.
Price - ₹1133.45 Dt. - 15-11-2020
Price is moving in the range between 1068.55 and 1187.35. Stock made bearishly Doji showing it can fall for a few trading sessions on the account of profit booking. It would be buy call when the stock falls below 21DEMA on the daily chart.
