This analysis is only for educational purposes, Invest at your own risk!
The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
The Market closed with a big green candle for DRREDDY, This opens a...
In weekly, inv HnS pattern formed, then breakout with good volume, strong base is formed, and price reversal is complete.
also horizontal resistance broken with good volume,
1st tgt - 76, 2nd tgt - 90, sl - 53
TATACHEM breaks out of a COIL (a symmetrical triangle) with fine participation from volumes. Add to this fact, that on the daily chart, there was an Inside Candle on Friday's close. The underlying trend is UP and well established, which is clear from MACD. Fine support from momentum indicators too - CCI and RSI suggests further upside on the cards. Looking for a...
In the Hourly charts of DABUR, we see a clean Ascending triangle breakout with high volumes. Encouraging aspect is the fact that the stock has now managed to break above a crucial price band which acted as a source of support and now resistance. First Fibonacci target is at 350
In weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding,
In daily also price broke out of horizontal resistance with good volume,
fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to...
in weekly, price is moving sideways, it looks like a symmetrical triangle.
price recently bounced from the trend line support with good volume,
in daily , there is a symmetrical triangle formation and then break out with good volume.
there was a BB squeeze , now price closed above upper BB with good volume and BB is now...
in longer time frame, it had a long down trend then it formed a horizontal channel in weekly, and price moving sideways for months, and recently it broke out of the channel with high volume, confirming the start of uptrend. It is having a U type recovery, and got a good probability to form a round bottom.
with a sl - 4 1st tgt - 12 2nd tgt - 25
in weekly - price broke the trend line resistance convincingly with high volume. also BB is expanding
in monthly - price reversed from long term support zone, and moving up.
with a sl - 12 1st tgt - 36, 2nd tgt - 43.
in daily, price broke out with good volume, after consolidating in a horizontal channel, also BB is expanding.
in weekly, after a BB squeeze, price closed above upper BB, and BB is expanding.https://in.tradingview.com/x/fxIlBukX/
Also it broke the resistance zone after a long consolidation.https://in.tradingview.com/x/RXizbYav/
with a sl - 492, 1st tgt - 565,...
it is in a strong up trend in monthly and weekly time frame,
in daily, there was a breakout with good volume, now retesting, should reverse soon.
sl - 683, 1st tgt - 780, since its in strong up trend one should hold it with a trailing sl.