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DAMODARIND Nice Swing Opportunity ??!!! Better not to Miss!!!!Chart patterns look convincing for a long swing trade Reasons 1. Cup & Handle is in process. 2. 0.618 fib level broken out with volume(weekly timeframe) . 3. Double bottom with low and higher low . 4. Good volume support at perfect levels. Safe to get in after Cup & Handle Breakout.... Risky entry can be made if keeping the SL as Day close below 50. Quick Target can be the Neckline(70 level)!!! Fundamentally, Operating activity has been showing good numbers. Promoter pledge has been in the negative side of this stock... Will update once it breaks out!!! If pattern gets breakout....target as per pattern can be 120 level. Let's see how it moves!!! Note: Just Sharing my view...not a tip nor advice!!!
NSE:DAMODARINDLong
by mmjimm
COALINDIA -- Cup & Handle in Progress ??!!1. Coal India looking prudent for long term investment and swing too. 2. CUP & HANDLE pattern (handle in formation) (below is the monthly chart view ) 3. Wait for the voluminous Breakout. ( Monthly candle closing above 255 can be the confirmation ) 4. Target reaches to near 400 (as per cup depth) 5. Since this been an one sided move, we can expect one more swing and then BREAKOUT! ! Will update once it gives Breakout!!! Let's wait and watch how it moves!!!! NOTE- Just sharing my view....not a tip nor advice
NSE:COALINDIA
by mmjimm
VOLTAS Chills down to its Major Support ??!!Chart patterns look optimal for a short trade in Voltas Reasons 1. VOLTAS has been taking support at the its 10 YEAR OLD SUPPORT TRENDLINE (bright green line- from 2013 till now ) 2. Right now, it is in its downswing move inside the channel pattern. 3. [b ]Inverted Cup & Handle pattern too formed and given BREAKDOWN today (27/04/23) 4. As per pattern, target amounts to the depth of the cup(nearly 100 points) 5. Target levels shown @ chart(horizontal dashed green lines) 6. Breakdown candle is more than 5 % and SL gets difficult to place....Safer SL can be day closing above 822 7. Lower low too formed increasing the probability of down move. Even if you don't short, It's better not to go long now.... Let's wait & watch how it moves!!! Note - Just sharing my view , not a tip nor advice!!!
NSE:VOLTASShort
by mmjimm
4
NIFTY -- 3 BLACK CROWS vs MORNING STAR Chart patterns looks interesting from both bull and bearish point of view REASONS BEARISH VIEW 1. 3 Black crows (perfect closing) with rise in volumes ( www.tradingview.com) 2. February monthly candle looks like BREAKDOWN candle with low tested the next month 3. Weekly H&S pattern in progress 4. Bullish flag Breakout candle (october 2022 candle) low got tested....sign of bears strength BULLISH VIEW 1. Overall it is in uptrend(making higher highs and higher lows) 2. Morning star pattern (www.tradingview.com) 3. DAILY time frame Inverted H&S pattern given Breakout 4. April 2023 candle looks like a breakout candle (volume only concern) Let's wait and watch whether it is bulls or bears turn !!!! NOTE- Just Sharing my view....not a tip nor advice!!!! - mmjimm
NSE:NIFTY
by mmjimm
APOLLOTYRE Bears Getting Ready to Roll it Down!!!!!Chart pattern looks prudent and paving way for the above titled short view REASONS 1. Apollotyre has been trading inside the Expanding Triangle ( shown below - Monthly wholesome view ) 2. Now, it seems it has finished the upswing move and ready for downswing inside the channel . 3. Weekly time frame shows the Ascending channel in which it is travelling smoothly respecting the levels. 4. Shooting star weekly candle at the perfect trendline resistance adds probability to the Short view 5. Strong DAY close above the shooting star candle can be the perfect stop loss(if entering now- bit high risky) & Target levels too mentioned as bright dashed green lines . 6. This is a long term view. ...it needs to breakdown out the purple trendline(which we can expect in next few days) and then out of the yellow channel 7. Breaking down out of the Yellow channel can be the confirmation for less risky entry. Remember, Apollotyre is one of the Most volatile FnO stock (more than twice of nifty) and we can expect the same nature in future too will update as it moves!!! NOTE- Just Sharing my view...not a tip nor advice!!!!
NSE:APOLLOTYREShort
by mmjimm
UPL Bearish way ahead ??!!!!Chart patterns convincing me to publish this above titled opinion REASONS 1. UPL has been trading inside an Expanding Triangle pattern(10 year- from 2013) taking support and resistance at perfect levels till now. 2. Currently it is under the down swing move inside the pattern 3. Pink trendline from 2020 acting as support, Bears trying to get break that trendline ( June 2022 (1st time), Oct 2022(2nd try), now Dec 2022(3rd try)). 4. During the june 2022 and oct 2022, weekly candle broke that line(with wicks), but low didn't get tested and bulls took charge. 5. But, now the Breakdown candle(19 dec weekly candle) is more alike BEARISH MARUBOZU candle with LOW TESTED!!!! 6. This may be a sign of Bearish way ahead!! 7. In the Daily time frame, its been travelling in a channel pattern and respecting it too and currently an inverted cup & handle like pattern too formed in verge of a Breakdown!!(shown below) 8. It is better to not to Go long even if you don't short now!!! 9 . Strong day close above the 775 will pave way for weakness in Bears approach!! If the stock goes as per levels shown, fib 0.382 , 0.5 can be the Target levels ahead!! In the short term, we can have SL - day close above 738 and Target as 680 Let's wait and watch, how it is going to move!!! Note - Just Sharing my view....not a tip nor advice!!!!
NSE:UPLShort
by mmjimm
4
RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries REASONS 1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel 2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support Monthly timeframe chart below - 3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!! 4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!! 5. Target levels mentioned as Horizontal dashed green lines 6. SL can be day candle closing out of the purple slanting trendline 7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern. Let's wait & watch, how it moves!!! NOTE - Just Sharing my View....not a tip nor advice!!!!
NSE:RELIANCEShort
by mmjimm
5
Ashokley Numerous Bearish signs!!!!Chart Patterns look good for a short trade REASONS 1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW) 2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below) 3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen. 4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled) 5. Target(dashed bright green lines) & Sl(dashed red line ) levels mentioned @ chart 6. Gap zone(green rectangle ) can acts as good support!! Just be fixed with the SL level. Let's wait and watch how it moves!!! NOTE - Just sharing my view....not a tip nor advice!!!!
NSE:ASHOKLEYShort
by mmjimm
MSTC Looking Good to go LONG ??!!!Chart insist me to go with the above titled opinion.... Reasons : 1. Stock has been respecting the expanding triangular pattern . 2. MSTC has given BREAKOUT with extra ordinary volume on 28th November. 3. Respecting the DOW theory and has formed HIGHER LOW and then BREAKOUT. 4. REVERSAL from perfect trendline Support . Target and SL mentioned in chart... High risky SL can day candle closing below the green bottom trendline. Ever since the Breakout , its been in tight consolidation and retracement....RIGHT TIME FOR ENTRY!!! Let's see how its going to move!!! Note- Just Sharing my view...not a tip nor advice !!!!
NSE:MSTCLTDLong
by mmjimm
WIPRO End of Fall ??!!Chart patterns insist me to go with above titled opinion REASONS 1. In Monthly timeframe , WIPRO has been trading inside Ascending channel taking support and resistance (shown below) 2. Middle yellow trendline- Resistance turned Support looks favourable for the bounce. 3. Entry(safe) can be made after a good voluminous Breakout out of the white slanting trendline. 4. SL can the low of the Breakout candle. As the stock has fell more than 50% , we can even wait for WEEKLY BREAKOUT and then enter upon retracement. Will update as it moves!!! Let's wait & watch , how it moves!!!! NOTE- Just sharing my view...not a tip nor advice!!!
NSE:WIPRO
by mmjimm
2
UBL Brewing down to its Major Support ??!!!Chart patterns look apt for a short trade in UBL REASONS 1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now. (shown below) 2. Right now, it is under its down swing move inside the Ascending channel pattern 3. In Daily timeframe , Bearish Flag pole pattern developing and due for BREAKDOWN!!! (shown below) 4. In 4 hr time frame, it is looking good to enter the trade ( STRUGGLING TO MAKE HIGHER HIGH) 5. Entry can also be after a 2hr breakdown out of the flag pattern(pink line) 6. Target(bright green)& strict SL(bright red) levels mentioned as Horizontal dashed lines Let's wait & watch how it moves!!!! NOTE - Just sharing my view....not a tip nor advice!!! Regards, mmjimm ;-)
NSE:UBLShort
by mmjimm
BHARTIARTL UNDER BEARS SPECTRUM !!!!Chart Patterns insist me the above titled opinion REASONS 1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines )and right now down swing move is under process(in the form of descending channel) 2. In the weekly time frame , it looks alike a Bearish pennant formation and given breakdown out of consolidation(shown below) 3. In the daily timeframe , Head & Shoulders pattern too visible (shown below) 4. There is Consolidation zone(in form of a rectangle box). 5. SL can be day candle closing above 796 (candle escaping out of the box) 6. Target - 730,717,700 7. Strong support down near 675 levels(rectangle box shown) Let's see how it moves!!! NOTE - Just sharing my view....not a tip nor advice!!!
NSE:BHARTIARTLShort
by mmjimm
MCDOWELL_N Analysis- in verge of notable Down move ??!!!Chart patterns look prudent for the above titled opinion REASONS 1. MCDOWELL_N has been trading inside a Ascending channel pattern (taking support and resistance at perfect channel levels)( shown below Monthly chart for broad view) 2. Monthly Breakdown by witnessing the January month candle(with volume bump) with low too tested the next month 3. Inside the Ascending channel pattern, it is undergoing the downswing move in the form of descending expanding channel pattern (shown by white trendlines) 4. High and Lower high too formed ....but we need lower low in the weekly chart to confirm the upcoming strong bearish move (shown below in weekly chart ) 5. There is also a BEARISH PENNANT (shown in the above weekly chart itself) yet to breakdown!!! 6. SL level mentioned @ chart 7. Better to enter after breakdown...if entering now, take 736 as target 8. It needs to break the 730 level for the fat bearish move !!! 9. Will update target levels once it gives breakdown!!! Let's wait and watch how it moves!!! Note- Just sharing my view...not a tip nor advice!!! Regards, mmjimm
NSE:UNITDSPRShort
by mmjimm
Bears got Upper hand in CROMPTON ??!!!Chart patterns just impressing me with the title stated above. Reasons : (with respect to weekly time frame) 1. Crompton is travelling(and respecting) in expanding triangle pattern. 2. Now, there is bearish flag formation and given breakdown with volume (shown in chart). 3. Breakdown candle is a bullish engulfing candle. 4. Purple line(315 level) can be considered for the target.(as it may turn to be a consolidation zone) 5. If purple line too broken (chances are high) , then we can think about the next level target(will update) 6. Safe less risky SL can be Day candle closing above the flag (yellow line). Let's wait and watch how it moves. Note - Just Sharing my view....not a tip nor advice!!!
NSE:CROMPTONShort
by mmjimm
MUTHOOTFIN Down to see 800 level ??!!!Chart patterns insist me the above titled opinion. Reasons 1. Muthoot finance has been travelling in a expanding triangle pattern from 2015. 2. Till now, its respecting the pattern by taking support and resistance at perfect levels. 3. Currently it is in downswing inside the pattern. 4. It may take take support at the Major support (GRENN LINE 800 LEVEL ) soon . In Weekly timeframe, there is BEARISH PENNANT formation , yet to give BREAKDOWN. 5. only if the Bearish Pennant gives BREAKDOWN , we can confirm the down move . I will update(Target and SL) once it gives Breakdown!!! We need to wait, as the breakdown can occur this week or 2 month later or never. Let's wait for the Market's decision!!! As of now, (on seeing the chart) its not easy for bulls to charge up. Note : Just sharing my view....not a tip nor advice!!!
NSE:MUTHOOTFIN
by mmjimm
7
BEL Paving way for INVERTED CUP & HANDLE ??!!!Chart pattern insist me the above titled opinion Reasons 1. BEL is in formation of a Inverted Cup & Handle (Handle in progress) 2. Lower high and Lower low formed (confirming bearishness) . 3. Gap b/w 15th & 16th Day candle can act as Strong resistance. 4. Target & SL levels mentioned @ Chart. 5. BEL may take support @ Green trendline (Major Support from 2020) . Let's wait & watch how it moves!!! Note - Just sharing my view...not a tip nor advice!!!
NSE:BELShort
by mmjimm
BEARS RIDING DOWN EICHER MOTORS ???!!!Chart patterns does insist me to go with opinion stated above. Reasons: 1. Eicher motors is travelling (and respecting) in different patterns . 2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% . 3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness. 4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern). 5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline. 6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes. 7. Target & SL levels mentioned in the chart... I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas. Soon I will earn that 10 points . Sorry if chart looks so congested....Feel free to ask if there is any confusion. Let's wait and watch how it moves!!!! Note - Just Sharing my view...not a tip nor advice...
NSE:EICHERMOTShort
by mmjimm
4
OBEROIRLTY Soon to see a DOWN MOVE ???!!!Chart pattern insist me to go with the opinion titled above Reasons 1. Oberoi realty has been respecting the channel pattern. 2. Now, it has given BREAKDOWN on Weekly timeframe out of 2.5 year old Trendline support!! (Channel too breached) 3. Volume too seen supportive for the down move. 4. Day candle closing out of the blue trendline will make our exit (STOPLOSS) 5. Target and SL mentioned in the chart. 12% down move awaits as per levels...Let's wait and watch how it moves!!!! NOTE : Just sharing my view....not a tip nor advice!!!!
NSE:OBEROIRLTYShort
by mmjimm
INDHOTEL Down to its 2 Year old support ??!!!!Chart pattern does pave way for the above titled opinion Reasons: 1. INDHOTEL has been trading inside an Ascending Channel pattern for the past 2 years , taking support and resistance at perfect levels till now. 2. Currently it is going through the Downswing move(in the form of descending channel pattern forming lower high and lower lows) inside the major ascending channel . 3. Weekly time frame chart below 4. Target & SL levels mentioned @ chart 5. Entry can be made after hourly breakdown out of the white trendline as shown below Let's wait & watch, how it moves!!!! Note- Just sharing my view....not a tip nor advice!!!!
NSE:INDHOTELShort
by mmjimm
KOTAKBANK in Bear's Radar ??!!!Chart patterns look impressive and paves way for the above titled opinion REASONS 1. KOTAKBANK has been trading inside ASCENDING CHANNEL(Bright red and green trendlines) taking support and resistance at perfect levels till now. 2. Currently it is going under the down swing move inside the ascending channel . 3. In daily time frame , it looks like a Bearish Pennant in process yet to break. 4. Target & SL levels as mentioned (dashed yellow horizontal lines)@ chart. 5. It may take support @ Green line( 10year old strong support from 2014 ) (channel support) soon. 6. In addition to the above mentioned points, A GAP remains UNFILLED till now. 7. Gap often gets filled .....there is a chance for that to happen... .let's stick with our targets and trail our SL!!! 8. Better to enter after a day or at least 2 hour Breakdown out of the Yellow trendline .(as shown below) Let's wait & watch how it moves!!!! Note- Just Sharing my view....not a tip nor advice!!!!
NSE:KOTAKBANKShort
by mmjimm
2