Price - ₹468.05 Dt. - 09-10-2020 The stock has broken the trendline and given the close above that. Price was facing the resistance from the last 4 sessions but today with higher than average volume the price was able to give close above the trendline. Now the price has entered in the triangle and can give breakout in a few sessions. 21DEMA has crossed the 50DEMA...
Price - ₹387.50 Date - 08-10-2020. Today 21DEMA given the close above 50DEMA. Stock can come till ₹380.60 to test the support line. The stock can break the support line and can go near 21DEMA. In past whenever the stock took the support of 21DEMA, it has given return around 5-7%. You can purchase stock around ₹380.
QuickHeal shown a breakout from a long term resistance should follow the trend with the IT sector.
India Bulls Housing – CMP - ₹201.30 Dt. – 09-09-2020 On a daily chart, the stock is stuck between a triangle and on 28th Aug. 2020, the price tried to break the trend line and somehow managed to close above the trend with low volume but failed to hold the very next day and stock fall with higher volume. From last 3 trading session, the stock had given close above...
On daily chart stock is taking support of trend line. Chances are stock will come again to test the trend line and it can be the buy oppertunity.
CUMMINS – CMP - ₹419.10 Dt. – 08-08-2020 On a daily chart, the price is taking the support of trend-line and bounces back. As you can see the price has moved upside after the price touch the trend line on 16th July 2020. Price is above 21DEMA and 50 DEMA. On 7th August the price gave the closing above the resistance level which was placed at ₹416.90. I personally...
ITC is in consolidation form. Between ₹192.40 and ₹201.50. If price breaks level of ₹201.50 then it will face resistance at ₹205.70. If stock decides to break support then it can go up to ₹186.40.
Rallies will move up. Moving in the channel. Taking support of trendline and 21DEMA.
Amara Raja Batteries – CMP - ₹698.75 Dt. – 30-07-2020 On a daily chart, the price has given close above 21DEMA. If the stock moves upward it will face resistance ₹713.10 and then ₹732.90. If starts moving down the stock will take support at ₹677.40 and if falls more the stock will take support at ₹636.75. The MACD indicator has given the sell signal whereas RSI...
UPL Ltd–CMP - ₹445.80 Dt.–27-07-2020 On a daily chart, the stock is giving respect to the trend line as well as to the 21DEMA. 3 times stock has taken the support of the trend line and bounced back. In the last trading session, the stock has given a slight close below the trend line but above the 21DEMA. It looks like if stock started moving up then it will face...
SBI CARDS - ₹740.80 Dt. – 26-07-2020 The stock has given a perfect buy opportunity right now. Price is near to support line as well as a trend line. Stock is moving in a channel and if move upward the stock will face resistance at ₹765.35 and then ₹797.40. If price starts moving down it can go up to ₹720.25. Moving averages and indicators have given a buy signal.
Marico - CMP - ₹357.10 Dt.–25-07-2020 I have taken the 4-hour chart and in the chart, you can see the stock is in an uptrend and was taking the support of red trend lines and now the stock is moving up and down between support and resistance line placed at ₹342.80 and ₹358.85 respectively. The price is also moving upward, trapped between the purple trend line. If...
It looks like the stock is exhausted after a good rally of last week. Stock may enter consolidation form or can break the support and try to touch the downtrend line. If moves downward than the below purple trend line will give buying opportunity in a few trading sessions.
You can see some profit booking tomorrow so if the price starts moving down, wait for the support level and if sustain above then purchase. moving Averages have given buy signal whereas CCI and RSI are in the oversold zone.
Titan - CMP - ₹997.85 Dt. - 17-07-2020 Some fresh buying has been seen in the stock today. If this trend remains then the will be successful to beat the level of ₹1020 to where it faces the strong resistance.
CAN FIN HOME–CMP - ₹370.10 Time–12:26, Dt.–21-07-2020 The price is taking the support of the trend line once again. From last few trading sessions, the stock was in and out of trend line but yesterday the stock made evening star pattern and today the stock is above the trend line. The price will face resistance at ₹376.
Glenmark – CMP - ₹429.75 Dt. – 19-07-2020 In 4 hr. chart you can see the stock is trapped in the symmetric triangle and can give good breakout upside once the stock crosses the resistance level of ₹439.25. After breakout stock has the capacity to go till ₹476.15.