JM FINANCIAL READY TO FLY ON WEEKLY CHARTSJM FINANCIAL READY TO FLY ON WEEKLY CHARTS STRONG ABOVE 98 FOR TARGET OF 124.
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Bullish Island reversal on KotakBank/Hdfcbank Ratio chart.I have been experimenting with pairs trading for quite some time now. I can see there is island gap reversal in kotakbank/Hdfcbank ratio chart. I don't know whether it is going to work but it will be interesting to see how it unfolds from here.
The trade you are supposed to take is Short Hdfc Bank Futures & Long Kotak Bank Futures.
Motherson: Big Breakout on Cards on Weekly ChartMotherson is setting up nicely for a breakout above 175-178 zone on weekly Charts. The Company is going to declare results on 11th February. If it is able to breakout and sustain above the 175-178 zone post results then we may see new lifetime highs in this name in coming days
Ascending triangle formation on daily chart.Earnings on 1st,
daily chart is forming ascending triangle.
Important level to watch is 11495.
If this level is break, stock can rise till 11900, then till 12400
Stop Loss at 11097
Jktyre 1week chartNSE:JKTYRE
BREAKOUT WITH GOOD VOLUME.
ALL TYRE STOCKS LOOKING GOOD IN CHART.
MRF AT ALL TIME HIGH.
OVERALL SECTOR IS BULLISH.
NIFTY 50 formed shooting star in Weekly chartNIFTY 50 formed shooting star in Weekly chart. Generally the shooting star indicates a reversal in trend, but we have to get the confirmation.
Rain Industries 2D chartINHS pattern on 2D chart. Target 1 - 171. Target 2 - 220
Any dip towards 120 can be good for making new entries.
Concor chart looking bullish Concor has moved almost 10% up with good volumes last week. Approaching very strong support and resistance zone. Also Closed above TL. Crossing this zone can give good move in coming days. Levels mentioned in chart.
JINDALSTEL, DON'T MISS THIS SOLID OPPORTUNITY (CHART# 435)All Levels mentioned on chart.
Daily view
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Piyush Gupta
Learn & Earn
DrReddy Rounding Bottom Daily ChartsRounding Bottom in Daily Charts
Entry 5250-5260
T1 - 5320
T2 - 5467
SL - 5020
Lets see if this trade works out
LAXMIMACH - Positional pick with 15-23% potential (CHART#338)LAXMIMACH has tested 3950-4000 level multiple times and again closed very near to this level. If manage to break it, then it can show good intraday movement.
If provide closing above 4010, then can be taken as positional for 4500 & then 5000 levels. Volume build up in recent weeks is also indicating bullish momentum if levels are crossed.
As company don't have very sound financials, keep this 3-5% of your portfolio only.
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
Rectangle Breakout in Asian Paints Hourly ChartSeems there is a rectangular channel breakout in Asian paints hourly charts, though the stock is trading in an uncharted territory, i am expecting that the stock will reach 2400+ in the next 20 trading days. This is just for knowledge purpose, I don't recommend buying without proper research.
NMDC, 3 FACTOR CONFLUENCE (CHART# 383)NMDC has confluence of 3 breakouts which can help this stock to move tomorrow.
1. Cup & Handle
2. Resistance zone at 99-100 (respected multiple times)
3. Psychological level of 100.
It will be good buy 101 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.
Thanks
Piyush Gupta
ICICIPRULI, CUP & HANDLE + CONSOLIDATION (CHART# 382)ICICIPRULI has formed textbook Cup & Handle pattern. To make things more probable, it has been consolidating in a range (DARVAS box) for last 1 week.
Above 461, this can move. Next resistance is 488 zone which can be reached in a day or two once breakout is confirmed.
30 min 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.
Thanks
Piyush Gupta
RAMCOCEM, READY TO FLY WITH THIS CEMENT SEC STOCK (CHART# 381)RAMCOCEM has given very good breakout and is near to 900 (psychological resistance). If this manages to stay afloat above 890-900, then it has very good potential to move tomorrow & coming days.
If this after 30-40 move, give a pullback and take 880-885 as support then it will give us double confirmation to enter.
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.
Thanks
Piyush Gupta
TVSMOTOR, VOLUME SUPPORTED BREAKOUT (CHART# 379)TVSMOTOR has given good breakout on Friday and closing was also good. As this has closed at 499 (near to 500 which is psychological level), on Tuesday keep this on radar for long trade. Following 2 scenarios can happen on Tuesday.
1. This opens minor gap up & continuously move up, then wait for it to cross 512 to take trade.
2. This open gap up move down. In such case if this take support at previous resistance TL (490) and start to bounce, then it can be good trade till 512 as Target 1.
Please note, we should always trade with trend to have higher probability of success.
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.
Thanks
Piyush Gupta
ICICIGI, BREAKOUT AFTER 1 YEAR & ZOOMING AT ATH (CHART# 376)ICICIGI has managed to break its ATH with good volumes today and looks good candidate for short term with 1400-1390 was support zone.
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.
Thanks
Piyush Gupta
GLENMARK, CONFIRMED SYMMETRICAL TRIANGLE BREAKDOWN (CHART# 374)GLENMARK has given breakdown from symmetrical triangle and has only support near 464-5 zone. Below 463, this can fall further.
*** This is intraday only idea ***
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.
Thanks
Piyush Gupta
HEROMOTOCO, BEARISH FLAG PATTERN NEAR BREAKDOWN (CHART# 373)HEROMOTOCO has formed perfect bearish flag and is near to breakdown. Below 2994-5, this can move further down.
*** This is intraday only idea ***
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.
Thanks
Piyush Gupta
INFY, ASCENDING TRIANGLE BREAKOUT IN SIGHT (CHART# 371)INFY is forming lose ascending triangle in hourly Time frame. Above 1152, it can give decent intraday move.
Other stocks on my watchlist are
1. BAJAJ-AUTO
2. COLPAL
3. UBl
4. INFRATEL
5. ITC
6. MFSL
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.
Thanks
Piyush Gupta
INFRATEL, READY FOR ANOTHER JUMP POST BREAKOUT (CHART 370)INFRATEL, don't require any lengthy explanation as pattern is as clean as possible.
Above 224.2 it can give another good move as it will break 2 resistance (Trend Line & Horizontal resistance).
Kindly check my group to see how easy it is to find best trades using simple price action. We got 9% in PRAJIND, 4%+ in BAJAJFINSV, 2.5% in TECHM & 1+% in ACC today.
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.
Thanks
Piyush Gupta
Beutiful Charts - Breakout from a downward channel Watch out: Beautiful Breakout with Low downside , Good dividend yield as well !
PS - This not a reco to BUY but do your own study , charts are signalling that its worth a look
MOTHERSUMI, NATURE OF SUPPORT & RESISTANCE (CHART# 365)MOTHERSUMI is at very crucial level and can move good if manages to cross 140.2. Based on closing, this can be positional as well with targets highlighted. Ongoing momentum in AUTO Sector will also compliment its move.
Kindly note, as we had great bull run already I am taking comparatively smaller positions.
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.
Thanks
Piyush Gupta
