Levels: Support: 17600, 17520, 17420 Resistance: 17675, 17795, 17950 OI Data: Highest OI Call in Nifty per OI data: 18000 Highest OI Put in Nifty per OI data: 17500 Nearest Major Resistance in Nifty per OI data: 17950 Nearest Major Support in Nifty per OI data: 17550 Trade setup: For gapup, wait for V pattern (retest of 17780/17790). If...
NSE:CONCOR looks extremely bullish in weekly timeframe. And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in. There is a 5 years long monthly trendline shown as the green slanted line ...
Support : 41040, 40810, 40640, 40414 Resistance : 41372, 41627
Support : 17600, 17520, 17420 Resistance : 17675, 17795, 17950
NSE:ANANTRAJ is a perfect Swing Trading opportunity as of now. The chart patten has the following features: It is in an upward trending channel, shown as blue channel in the picture Current price-action is in the upper half of the upward channel. The price-action can be viewed as a Cup and Handle patten also, shown as green color curves with a blue...
NSE:GATI I am seeing few interesting observations: It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020. Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date. It can be viewed as a Pole-and-Flag also, where the price action moves up...
Route Mobile: Symmetrical triangle formation (shown as bold green and red lines) The current price is in consolidation zone (shown as the violet color rectangular box). So one has to wait for the rectagular box breakout with volume at the price level of 1442. SL is the box's low: 1320. Upside target can be 1480.
There are two ways one can see the NSE:LAURUSLABS counter: It has created a W pattern and the neck line is at 530-532 level. An inverted Head&Shoulder patten is created with neck at 510 level. So potentially if it stays above 532, can be go Long with the SL of today's Low 517. But if it fails to sustain above 530 level, it will simply fall upto 510 level.
Many reasons: Inverted Head & Shoulder breakout with Very High volume surge. Ascending triangle pattern breakout. Strong Buy with a SL of 900 for a target of 1000.
After 4 bullish candles, there is a bearish candle. But today's green candle formation creates a nice Bullish Tweezer Patten with considerable volume. It is also broken a resistance level of 124. Buy above 125.50 with a SL of 123 for a target of 130.
🚀 Expanding Triangle Breakout. 🚀 Stop Loss Below Breakout Candle. 🚀 Target of 25 % From Current Levels.
Consolidation. Can potentially be a swing trade opportunity in both the sides. In either of the consolidation range breakout, it can follow through in that direction.
Cup & Handle formation is ongoing. Can be a potential breakout candidate. Volume is also picked up. SL: 160.
Descending Triangle bottle level is challenged. If it trades below the 630 level then it's a potential short candidate. Volume needs to accompany. SL: 675
Not yet break-out happens. But keep a note of this stock once it breaks above the consolidation zone. A 7 months rounding bottom formation. followed by a few days of consolidation. Two possibilities: 1. Either will give a breakout. 2. Retrace -> create a Cup-and-Handle . Keep an watch.
Wonderla Holidays is engaged in the business of Amusement Parks and Resort. KEY POINTS IPO and promoter group Wonderla came up with their IPO in April 2014 to raise 181 cr. which went into funding their upcoming amusement park in Hyderabad, that was operationalized in 2016 . The company was setup by Kochouseph Chittilappilly in 2000, the same promoter group...
Note: Weekly Chart: - Rounding Bottom formation completed with 11 months time horizon (blue arch) - Convincingly above long term (3 yrs) downtrend line. (blue solid line) - Cum. Vol delta is positive and in uptrend for last few weeks (below plot) - In a fresh motive Wave-1 in Elliot Wave since July (purple). With a SL of 1150, one can long. For safe trader can...
Bearish sign: 1. At the strong resistance level of 680 (which incidentally has 7.2 lakhs Calls written), a copy book Evening Star bearish pattern appears. 2. The COI (cumulative open interest) is reducing. 3. In OI chart, lots of PUTs are unwounded in the immediate support level of 650 (1.2 lakhs PUT unwounded). Only concern is: Volume does not pick up. RR: 1:1