In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
#iciciprudential trending with channel at all time high with volume and momentum weekly has a momentum bullish reverse divergence playing out. adx trend indicators are also seen rising in strength in all timeframes in bull zones look like most other stocks in insurance sector also rallying.
#canfinhomes potential multiyear breakout in the making a green close above 666 could mean a breakout from a 4 year old resistance volumes are high and momentum also is in bull zones on all timeframes. stops need be below breakout candle.
#grasim moving up the trendline channel and any green close above 1615 which is previous resistance Could give opportunities to go long on this.momentum on short term has got into bullish zones along with all other timeframes with good volumes .Adx trend indicators are also rising on daily tight stop loss after entry needed as channel swings are large.
horizontal breakout in this stock. if anyone uses ichimoku cloud can see it has broken the cloud resistance i.e. SPAN A and is ready for long. volume built up looks decent. targets and stoploss is mentioned in the chart.
#IRTC Indianrailwaytourcorp trendline channel breakout with wide range bullish candle and volume. Good momentum and trend on all timeframes. Could wait for a small retracement for entry.
#polycabindia momentum breakout momentum and trend indicators indicate bullishness on all timeframes. momentum seen breaking out of a parallel channel with large volumes too. bullish divergence currently being played out has met the target on last move and need give some space since diluted momentum divergences exit at the same time.swing trade and entry only if...
Daily wide range bullish clear breakout from a 4 year old resistance. Monthly timeframe rounding pattern breaking out Momentum and trend indicators showing bullishness on all timeframes.
#marico multiple bullish reverse divergence seen on weekly timeframe and also a flag kind of pattern that could potential move it up is seen. daily seen at a 4 times tested zone and therefore not wise to enter until a green close above it is confirmed.
#SRF bullish divergence met target earlier perfectly and consolidating currently and more steam may be left as a flag pattern seems to be emerging and could attempt a swing long but as long as breakout zone is not breached and momentum does not slip from bull zones.
Metal sector index last week went bearish following a weekly divergence It now has a unconfirmed bullish reverse divergence on weekly and could take momentum support and bounce Daily momentum has touched 40 support. In short any bearish further from here is bearish confirmation and reversal.
TCS weekly momentum breakout.tcs weekly W pattern double bottom resistance taken out and broke out of a previous resistance zone that was tested 3 times this year.daily candle is open-low wide range bullish candle. Momentum and trend in all timeframes bullish. tradable with tight stoploss below last candle. dollar beneficiary trade.
all timeframes bullish in momentum and trend. A 4 bar bullish momentum reverse divergence on daily could take it further up to at least 16799 again if it works out. enter only on confirmation of price moves above previous candle with tight stop loss and if this is negated reentry only after a retracement at mentioned FIB levels.
L&T infotech : double bottom breakout in progress. Momentum and trend bullish on all timeframes . latest daily candle is open = low bullish pattern and likely to trend up. stop loss could be close below breakout neckline. trailing could be done on daily trendline breach and close also could be indication for short swing trades.
#daburindia weekly momentum at bullish support within trendline channel weekly holding within a trendline channel since long momentum and trend bullish on all timeframes. sector is bullish. momentum taking support near 60 multiple times on weekly indicating a medium term range shift.
#tataconsumerproducts. Short ,medium and long term momentum bullish with trend indicator showing rising in strength . Last daily candle is a breakout wide range bullish breakout from past resistance zones with good volume making a new all time high level and also making high high pattern In a trendline channel
#bataindia watchlist stock for potential short term breakout all timeframes are bullish in momentum and trend. at a 2 year old major resistance zone and daily volume spikes seen that could be attempting to breakout. momentum showing a bounce from the support on daily after range shifted from sideways to bullish rounding bottom on daily seen.earlier june attempt...
#PiramalEnterprises #PEL : rounding pattern seen on weekly at verge of breakout. Earlier bullish reverse divergence worked like charm to meet target.all timeframes have good momentum and trend. Flag pattern seen on daily timeframe .keep stop loss at candle on neckline and enter on confirmation only.12% up move happened on earlier post made on Aug 5th.