PEL, INVERTED HEAD & SHOULDER BREAKOUT (CHART# 385)PEL has formed beautiful Inverted Head & Shoulder pattern on daily chart. Today's day close was above neck line.
PEL looks strong above neck line 1490-1495. It has weak resistance at 1515 followed by 1550.
Also keep PIDILITIND on radar which was posted yesterday and yet to give expected move.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
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PIDILITIND, READY TO BLAST, 3 FACTORS AGAIN (CHART# 384)3 Patterns/Factors mentioned on chart. Above 1610 (1605 for risky players), this can blast tomorrow.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
STAR, NEAR 5 YEAR TRENDLINE BREAKOUT (CHART# 378)All levels mentioned on chart.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
BAJAJ-AUTO, TREND LINE + DARVAS BOX BREAKOUT (CHART# 375)All levels & analysis mentioned on chart.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
TITAN, LUXURY GOOD HAVE SHINE LEFT? (CHART# 368)TITAN looks good for intraday & positional.
Positional details are mentioned on chart. For intraday, if this manages to cross previous day high, can move till 1388/90 levels.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
BAJAJFINSV, DO NOT MISS THIS GOLDEN OPPORTUNITY (CHART# 367)BAJAJFINSV, gave explosive 9% move on Friday along with heavy volume due to news of well run NBFC may be considered for conversion into banks (fulfilling certain criteria).
From technical perspective, 8600 is important resistance level for this stock as highlighted on chart. If this is broken then next big resistance is at 8800.
Must have on your watchlist for Monday.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
TATAINVEST, FOR 3 YRS BUYERS TRYING WIN THIS BATTLE (CHART# 366)All levels mentioned on chart. Good for both swing & intraday based on levels.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
TORNTPHARM, BEAUTIFUL CHART FOR LEARNING & EARNING (CHART# 358)TORNTPHARM, has beautiful text book chart where resistance zone turned into support and then again acted as resistance.
Also this chart shows DARVAS box breakout and then stock reaching target.
For tomorrow, if this manages to breakout at 2642, then can move up nicely to pink line. MUST HAVE ON WATCHLIST.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
HDFC, MAKE OR BREAK LEVEL (CHART# 354)HDFC is standing at important level due to following reasons.
1. Brown trend line in chart is running since Feb 2016 (See weekly chart below).
2. It has crossed important resistance line (pink color).
3. It has small gap to fill at 2145.
4. Closing above brown TL & 2152 can help this move to 2200.
5. On Monday if moves above 2145, I will buy. If not able to sustain on Monday then will wait for it to cross this hurdle for any buy.
Weekly View
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
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Piyush Gupta
VMART, SWING TRADE OPPORTUNITY (CHART# 345)VMART is trading in upward parallel channel & has taken support on bottom. Friday's session has shown volume build & reversal.
This can be good swing trade pick for coming days with stop loss & target mentioned on chart.
Kindly work with risk management before taking any trade.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta
SRF, READY TO FLY NOW. STEP, BREAKOUT & CONSOLIDATE (CHART# 335)SRF has been moving in steps which is very evident from chart. It has given multiple step breakout (I posted SBICARD study which had same behavior).
Post its major breakout from Blue TL, it has been consolidating for 2 months which is good sign whenever breakout happens.
SRF based on its past behavior that I have observed, when it moves it gives minimum 4-5% move.
Above 4440-4450, it can fly one more time and it is on my watchlist.
Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta