Chart Structure: - In consolidation after Darvas Breakout. - Stock in continuous uptrend. - Price has retraced almost 33% of its up move. Relative Strength: - RS is strong and in uptrend. - No Flip-Flop stock. Volume Activity: - Good Delivery volume in past few days - 20 MFs Increased & 10 MFs decreased their positions in June. Financial Performance: -...
NIFTYIT/NIFTY ratio chart has been trading in a range for the last 9 months since Sep'20, as shown in the rectangle pattern. The chart is breaching the top trend line of the pattern with momentum. RSI, the momentum indicator, never reached oversold conditions at the two times the ratio touched the bottom of the rectangle, indicating strength. The RSI is also well...
- All-time High Breakout. - High Volumes during & before Breakout. - Spread Breakout. - Strong & increasing Relative strength. - Good Quarterly & Annual numbers.
- Swing High Breakout & Retest done. - Price at All time High. - Good Breakout & Retest Volume. - Good Accumulative Volumes during consolidation. - Good latest Quarterly numbers.
(Sector - Finance & Investments) - Consolidation Breakout. - CRS Breakout. - Good Volume Activity during breakout. - Good Accumulative Delivery of shares. - Consistently increasing Quarterly & Annual Numbers. - Stock in uptrend since listing. - Took 20% Breather after a 208% up move. Worth keeping eye on
Broke out from narrow range. Relative Strength Continuously making new 52 week highs. Buy range : CMP ( max within 5% from breakout level) SL : max 8% Target : 20-25%
Details as in Chart. Preferred Reasons to Hold and Accumulate the Stock: 1. Took Support at 40 RSI Levels few days back, Little correction could be on cards but still a Buy. 2. Stronger than Nifty. 3. Above 200 EMA for a long term long. 4. 550 around is a strong Demand Zone and out stop loss should be around 540.
Nifty Auto/Nifty chart has returned from its support on the Daily timeframe. Looks like it's heading back to 0.70 resistance. Auto companies may shine more in the coming weeks.
Breakout rom Ascending Triangle and Retest in progress.
Just a pattern that I feel is doing well. A double Bottom pattern forming at the bottom of the channel. Good ascending Relative Strength
After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel. A Symmetric Triangle is also formed and a breakout on the upper side is very likely. The relative strength also is turning positive again against its Index. If all goes well the minimum targets as suggested should...
RS turns positive but RSI still giving divergence the consolidation can go on till RSI recovers to 62 above that 10 % move can come
*Inverted Head & Shoulder Pattern breakout in Relative strength of PSU Bank Index. That's show strength that PSU index may outperform the Nifty. * Started tracking PSU Bank stocks at this time. Kindly Let me know if you have any question Thank you
The pair chart is suggesting a reversal in Relative Strength from this level as it takes support near a rising trend line, suggesting Bajaj Finserv will outperform Bajaj Finance from here onwards. As per this the spread could now resume its uptrend till 1.95 and then 2.10, view negates below 1.72
Nifty Auto/Nifty relative strength chart (CNXAUTO/NIFTY) seems to have broken out of it long held weekly resistance. If this breakout goes through, we can see cyclical bullish trend on all major auto stocks. Looks like bullish times ahead for India's auto industry!
BANKNIFTY/NIFTY ratio chart is showing bullish flag formation for over a month and looks ready for a breakout.