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...
Those who have been trading for sometime know how crazy IBULHSGFIN stock it. When it give breakout, it moves nothing less than 4-6% and sometime even more. Now this is again very near to breakout level of 177. Once this is successful to move out from here, can reach 186.5 & 192+ levels. Watch my other charts to understand simple price action used for all of the...
Details Available in chart !!! Decide Self entry!!!
HAVELLS is respecting its previous high peak from Jun 2019. After good momentum move in last week, it is taking some rest at 815-825 levels. Once it breaks 830, it will continue momentum. Weekly chart 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...
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...
Banking stock have been in great momentum for last one week & HDFCBANK being the heavyweight of them all have broken ATH. It is trading in upward channel which is its long term behavior. Above 1311 it can continue its momentum but traders to be cautious about resistance from upward channel band. Watch my other charts to understand simple price action used for all...
ACC has formed beautiful Ascending triangle pattern and has closed near to breakout level. 1700 is another physiological level once crossed can fuel some movement. Third factor for movement is long term resistance zone around 1706-1709 which was respected multiple times between Apr to Sept 19 time period. Breakout above 1707-1709 can show some good momentum by...
GODREJPROP gave massive move last week which we caught as it was on our radar. Now post that move, it has retraced and respected Fibo 61.8% level. If this continue it upmove and crosses 1063 level then it can move further for FIbonacci extension levels. Must have on your radar next week. Watch my other charts to understand simple price action used for all of the...
KOTAK BANK:- 1450, strong buy on dip opportunity at 1240/60₹ levels as per chart tgt 1600++ sl 1170₹ DCB. #Disclaimer:-I just shared view for only educational purpose.
NESTLEIND has given breakout from Flag pattern formed over 1.5 years. Consolidation itself has for 4 months. It gave breakout on Monday and took a pause today (Tuesday) and formed inside candle which is again good sign. Post 17310, it can give good move. Must have on your watchlist. Daily view Watch my other charts to understand simple price action used for all...
THYROCARE was one of the LIVE trade given at 9:42 today (26-Oct 20) when it was trading at 1104 to buy above 1111. Within minutes it triggered and made intraday high of 1165 (54 points from entry). My target was 1150 with 1093 as stop loss. We also earned good profit (3.5%) in JUSTDIAL which was again shared well before breakout & move. Chart when this...
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...
NIFTY is forming Inverted Head & Shoulder pattern in 30 min TF with neckline around 12020-30 region. It also have mid term support Trend Line (yellow) & long term support Trend Line (green). 11800-820 have been strong support base for NIFTY even in past. NIFTY seems more probable to break and move higher if it break neckline at 12030 and can try to reach...
KOTAKBANK is testing 1400-1425 zone for 4th time. Banking sector is currently in trend and KOTAKBANK is one of the sound fundamental stock as well. Once it cross this resistance zone, it can see 1530-1550 in coming days/week. This zone is respected since July' 18 multiple times as highlighted by flags (red & green color). Must have on your watchlist for coming...
FSL has moved forming flags for continuous fifth time. This is very similar to one of the chart I posted couple of week back. Can you name that? Current day candle has given breakout from 5th flag pattern in the series and as per its past movement, it should continue the trend. Above 73.5 looks good (safe abv 75.1) Watch my other charts to understand simple price...
GODREJPROP was shared with student group to buy above 945 and it triggered soon after recommendation and gave massive 12% move. This was also recommended by Ketan (one of our PRO member) for swing last week. GODREJPROP was trading in a zone for past few months and breakout on either side was expected. Today it gave breakout in first 30 mins and never stopped...
As explained on chart, HINDZINC is showing intersection of 3 TL/Patterns and move above 225.5 can be good. If sustains & close above 226-27 then can be taken as positional as well. Blue trend line running since Apr'18 Pink horizontal support/resistance line running since May'17 Flag pattern as highlighted in yellow. Watch my other charts to understand simple...
VOLTAS has given ascending triangle breakout on Friday. Above 703, it can move further up and below are some key resistance areas to watch out. 1. Trend line from Feb (blue color) - 709-10 2. Year long resistance zone (yellow color) - 720-26 If VOLTAS manages to cross both these hurdles then it can move to new high. Friday's volume was also very good which was...