HEG attempted BO this week with good volumes. Adding it to watchlist and tracking it closely to see if BO happens in upcoming 2-3 weeks since volumes are positive here. Keep in the list as its a large weekly base. Good probability for some gain if BO happens here.
Two resistances were identified based on 50% retracement and pivot high
IBULHSGFIN near another entry point, volumes are there. Main question here is "Is this the start of something big here?" Just manage your risk, never get married to any scrip/stock. Let's see how this goes, zooming out to see the potential here made me wonder "wow" for a few minutes. Keep tracking this...
Should have caught this sooner, but now that I notice, HAVELLS broke out of a long range BO on weekly timeframe and this week due to volatility is pulling back a bit, one might think its a chance to get in so thought of sharing a few RS scores as well to help anyone consider that thought: 16th Feb - 27 23rd Feb - 30 1st Mar - 36 Today - 41 So the RS scores...
DMART also in the pack with an increased RS score, in past 4 weeks score has increased from 17 to 25, not much of an increased to say its in momentum (750 stock universe). But since its near BO, it might take support on 21 EMA and eventually break out of this small base BO and gain momentum. Low RS score is a caution that I can highlight, not very comfortable...
SAPPHIRE breaking out of a large weekly base this week. In addition it also came in the screener for upwards sloping RS values. Following are the RS scores for the past 4 weeks close: 1st Mar - 27 7th Mar - 28 15th Mar - 35 22nd Mar - 46 Although the RS score is not quite healthy, but in a market like this a large weekly base cannot be ignored as the...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Banknifty Chart Analysis with Support and Resistance Banknifty Supports Banknifty Support 1 - 46765 Banknifty Support 2 - 21815 Banknifty Support 3 - 21680 Banknifty Resistance Banknifty Resistance 1 - 46300 Banknifty Resistance 2 - 46000 Banknifty Resistance 3 - 45550 bankNifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain...
Rain Industries has attracted loads of volume these past few weeks, infact I am bummed about this as I didnt catch it earlier. Even then the stock is near a long weekly base BO and even attempted that this last week. For the daring ones, this can be a good bet, for conservative ones, not so sure, Maybe keep a tight SL using the daily charts if that...
SOLARINDS is breaking out of a daily base and not only that, but its Relative Strength score has been on an upslope. Data has been as follows: 23rd Feb - 63 1st Mar - 72 7th Mar - 79 Today(At the time of posting) - 86 So strength is there in the BO and RS being above 80 is a positive sign. Keep SL at 21 EMA if you like this chart. Else one should track it to...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
APLAPOLLO is near BO, 21/50 EMA cross is also about to happen. To add more things to it, for the past 4 weeks its relative performance is on an upwards slope when considering 750 stock universe. Its RS score is still 32 so not much strong yet, so tread with caution.
UJJIVANSFB gave a gap up opening today, attempted a follow up BO after a recent BO that broke a long weekly base. Volumes are showing here, this might carry ahead. Good to keep an eye for this if some supply forces it to make a handle before breaking out.
Bank Nifty Technical Analysis - 13th March 2024 ## Market Overview The recent market movements align with our discussed levels, emphasizing the importance of technical analysis for informed trading decisions. Let's review the key support and resistance zones for Bank Nifty. ### Support Levels **1. Support Levels: 47,277** - Currently holding as a crucial...
LINDEINDIA attempted a BO in a weak market breadth today with higher than average volumes. Also, 21/50 EMA cross is happening today as well which is a positive point of support shifting upwards and one can think of using 21EMA as a support now once it crosses or if you are a pull back buyer on support one can wait to take a position at 21 EMA instead. Relative...
Nifty Chart Analysis with Support and Resistance Nifty Supports Nifty Support 1 - 22210 Nifty Support 2 - 22330 Nifty Support 3 - 22430 Nifty Resistance Nifty Resistance 1 - 22500 Nifty Resistance 2 - 22550 Nifty Resistance 3 - 22630 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis -...
Vidhiing breakout of pattern with massive volume. Expecting 20-25% return in a month.
TATAPOWER breaks the monthly resistance wth massive volume. Expecting more than 20% upside move within a span 1.5 months.