Nifty IT is trading in channel pattern. It is showing very good strength. Relative strength and momentum both increasing as you can see in the chart.
Price is nearing its 52 weeks high with 7.1x above-average weekly deliveries. With ARS & SRS Positive during almost 10% correction, VEDL could be a good Medium Term bet.
- Swing High / ATH / Monthly Pivot R1 Breakout - Good Breakout Volume - Outperforming S&P500 in 3m & 6m TF - Spread Chart Breakout - Good Q2 Results posted by AAPL Good opportunity for a swing trade
ASALCBR Associated Alcohols & Breweries Ltd Chart Structure: - After listing in Feb'20, the stock is in an upward trend since Mar'20 - Stock right now is consolidating after making an All-Time High. - During the consolidation, the stock has taken support multiple times near previous resistance and Avg. Buy price of last Huge Accumulation. Volatility...
Bharat Electronics Ltd. Chart Pattern: - Rounding Bottom Pattern Breakout - Price consolidating after breakout - Price at ATH - Price once came below the previous ATH levels, but didn't sustain even a day. Previous ATH levels now act as strong support for the price. - Price closed yesterday at ATH after crossing the previous swing high. Relative Strength: -...
- Price coming out of Range contraction - Accumulative volumes being witnessed - 1.7x weekly deliveries last week - Increasing Relative Strength - Stock outperforming its sector & Nifty50 in every timeframe except on 3m (due to stock being on a breather) - Quarterly results have been positive for since the last 6 Quarters. - Another positive Q2 will incite price...
NIFTY/S&P500 relative strength chart has reached its descending triangle resistance as seen in this weekly chart. Should this be a reason to worry for Nifty bulls? Maybe, maybe not. Price will tell. Watch for price action in Nifty at the 18500 zone. If resistance kicks in, we may see some price/time correction. If not, we may break out of this descending triangle...
Good breakout from previous resistance of 847. RS is still below 0 on 2HR and Daily candle. If RS turns positive in next 1-2 session we can take entry with short term targets 900, 980 and medium-long term target 1050 and 1150 with good support of 775. Because RS is below 0 line it's a risky trade. All time high is 872.95 that can be next resistance too.
Breakout from all time high of 4895 with good volume. RS is INCREASING, with good support at 4340. It's heading towards 5500 then 6200 in short term and 6950 then 7600 in medium-long term.
Breakout from resistance of 880 with good volume. Relative Strength is increasing, with good support at 796. It's heading towards 965 then 1070 in short term and 1170 then 1275 in medium-long term. #TradeWithTrend
- Sector Index Breakout - Sectoral Spread Chart Breakout - Sectoral Spread Chart 50ma crossover.
Good breakout from previous high with good volume. Broke the resistance of 2487. RS > 0 with good support at 2023. We can see short term target at 2800 and medium to long term at 3300 and then 3700.
After a good uptrend, the stock has seen a price correction or one should say weak hand removal. This becomes a good accumulation zone for the sharks. The stock has been taking support at same level which shows that there is strong buying at that level. The stock has been outperforming the sectoral as well as benchmark index. A gap up today confirms that the...
Breakout from resistance of 259 with good volume. RS is going above 0, with good support at 221. It's heading towards 294 then 340 in short term and 385 then 430 in medium-long term.
~ Swing High Breakout - ✓ ~ Price Close at ATH - ✓ ~ Positive Spread Performance in all Time Frames - ✓ ~ Spread Chart Breakout - ✓ ~ RS+ & Increasing Relative Strength - ✓ ~ Huge Qty (61.71 lac shares) Delivered on 17th Sept. with Avg. VWAP of 189/- ~ Good Volume Activity during Breakout - ✓ Good Stock to Study & Keep Eye on.
Breakout from resistance of 1229 with good volume . Relative Strength is STRONG, with good support at 1075. It's heading towards 1380 then 1570 in short term and 1760 then 1950 in medium-long term. #TrendIsYourFriend
Breakout from resistance of 102.32 with good volume. Relative Strength is STRONG, with good support at 130.9. It's heading towards 174.5 then 204.5 in short term and 234.5 then 264.5 in medium-long term. #TrendIsYourFriend
Chart Structure: - Price broke out of a Darvas Box Consolidation on May Mid. - After little consolidation, it again went up to All-Time-High range & consolidated again for a bit. - Price broke an All-time-high and rallied again. - Since Darvas Breakout, the stock rallied around 88% - Post Rally, the stock has been consolidating again and took a 14% breather...