Laxmi Organic Look like Trendline Breakout one can plan abv 340 sl 305 tgt 400 . Disclaimer :- I am not SEBI Registered Analyst Kindly consult your financial Advisor before taking any financial Decisions.
All observations on charts. Reversal using Price/Volume analysis view negates when price closes above 20 SMA decisively for 3 weeks.
Whenever good bullish or bearish candle are formed with decreasing volume then most of the time reversal occur from nearest resitance.
SHORT APOLLO HOSP. below 3950 levels for 3700/3600 and 3450. invalid if sustains above 4100 levels. Apollo hospital at support levels of 4000 on daily and weekly charts.
HEAD & SHOULDER PATTERN formation on weekly chart is there. Short below 3950 on sustained basis and look for 3800/3700 and 3500. Volumes are continuosly increasing on sell side so stock can move down to 3000 too in continuation bearish trend. Short trade invalid above 4050 on weekly closing basis.
BUY IIFL FIN 380-400 for 450/475 and 500. Stock has given price volume breakout on daily weekly charts.Fundamentally emerging as strong NBFC with home loan and Gold loan segment. Also holding company of IIFLSEC/IIFL WEALTH which is doing great.
borosil given a breakout and made all time high 796 with good volume may move towards 850++ targets in short term views are educational
SBILIFE(FUT) 1160, has given decent reversal on daily charts with volumes. Buy till 1120 with sl below 1100 for 1200/1220 and 1260 in one month timeframe. Strong fundamentals are here. Selling was due to Fii selling and now gradually this will surely give good returns
Deepak nitrite looking very strong as 1. it has brokeout the trendline 2. huge volume came near 2100 3. broken the resistance with strong candle with huge volume it looks good for short term to medium term for 2400++ targets views are for educational purpose,, price volume study
national aluminium price was increasing with the volume and given excellent intraday breakout chart presented for educational study on price volume breakout
Pros : Technically good base created, and every raise volume also getting increased Sales is improving on QoQ Profit and ROE got improved Debt is decreasing Cons Debt on Equity ratio is 3.8 Current Ratio below 1 Fundamentally neutral stock, but based on technical, it good candidate. Also in this sector many stocks are already outperforming Note :...
Stock was moving down but now in 1hr timeframe the stock has formed a Higher High Higher Low structure and can be added for a swing trade as per Dow Theory
After continuous selling pressure from 860 levels, ICICI bank has now lost the momentum on the downside. It is evident by failure to make a new low on daily basis and increased volume, even today it made a news high with volumes after 6 bars as marked by box. This shows the supply is being cornered, sellers are failing to make a new low. The higher high higher...
Quess Corp is moving in narrow range. After drop in volume. Volumes are picking up week on week basis. Price is sideways in 980 & 840 Range. Basically Stock is in contraction phase, which will be followed by expansion phase in which breakouts occur. Drop in volume is a sign of big move. As the buyer n seller fight has settled & the price will move in the...
CRISIL was consolidating. In weak market, the stock has formed a strong candle. Can be a good swing trade.
IDBI bank is gearing up for the large moves in coming few weeks. There was a large accumulation for about 2 years and gave a break out with good volume on 28 sep 2021. We can also see that prices are making higher highs and volume is 2 times more when compared with the volume from April 2021 to Sept 2021 that clearly depicts, we are in Trending zone. At present...
In Aug 2020 HAL started moving up with high volumes, within no time HAL Zoomed from 550 levels to 1300+ levels. Within next 2 months stock halved to around 650 levels. Interesting is the volume after the down move, these are abnormally high volumes. This is clear sign of accumulation by Market makers/ Institutional investors. As now one would distribute stock at...
Stock moving in rising wedge. Recently touched the upper trend line third time. Candles also showing exhaustion at resistance. check image below. Check the candles after the recent quarter results were announced, Big high volume green bar. It is followed by big red bars with volumes. Check number of red bars is more than green bars. Red candles are of...