BHEL, a midcap stock, technically formed an interesting price action. Looking at the monthly chart, you can see the rounding bottom. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. If the price action were respectable, we could expect a multi-year break out. I'm hoping that any positive trigger...
SUN PHARMA ADVANCED RESEARCH COMPANY as per daily chart analysis stock once resistance 295 broken then above 296 for a target 304. Tomorrow there will be a gap down or initial bearish candles in the early sessions. Watch out and trade profitably.
SAKAR HEALTH CARE as per daily chart analysis stock above 168 for a target 177 and resistance is at 181 level. Tomorrow there will be a gap down or initial bearish candles in the early sessions. Watch out and trade profitably.
LT FOODS as per daily chart analysis stock above 79.45 for a target 81.45 level and resistance at 82.45 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book...
SHARDA CROPCHEM as per daily chart analysis is in brief consolidation zone and on 24.12.2021 it had tried to break consolidation. Stock above 345 level for a target 355 level and resistance at 359 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be...
ISGEC HEAVY ENGINEERING as per daily chart analysis after a brief consolidation the stock has broken consolidation and also the resistance 641 level. Stock above 660 level for a target 680 level and resistance is at 709 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week...
INDO COUNT INDUSTRIES as per daily chart analysis is in a brief consolidation zone and stock above 267 level for a target 272. Do note nifty50 tomorrow will fall initial hours and it should take support either at 16891 or 16791 for it bounce back. So buy only after the reversal.
1) It has taken support at Gann Fan line 2/1 at 45 degrees drawn from the bottom of March 23, 2020 low. This confirms that 21 months old uptrend in Midcap is still intact.
2) It is near to break resistance line of the downward parallel channel formed since October 19, 2021.
3) Probability of breaking resistance line mentioned at...
GRANULES INDIA as per Daily Chart Analysis today had broken the consolidation and also broken its first resistance level 310 and closed at 313 level. The Stock should move from here and next resistance is at 335 level. Holding the Stock and Happy Trading to all
Characteristics of chart :-
1. Flag and pole pattern.
2. Volume contraction pattern.
3. Accumulation zone.
Additional benefit of support from 20 EMA.
Stock is ready for breakout with buy levels triggering
above 212 .
Stop loss 199
Risk:Reward - 1:3.8
Booking all my long positions in midcap stocks and holding only quality ones as its a major resistance zone ie 2.618 extension of fibonacci
I wont worry if i go wrong or miss my profits. But will never ignore magical fib numbers
Stay cautious with the longs
CRASSHHHHHH!!!!!! when everyone was shouting this, we were waiting for this trendline to hold and guess what guys, it did. SHAKE OFF looks like this but to be safe we will still wait for the follow up candle and start buying shares. SAFE TRADING!!!