TATACHEM, ARE YOU READY FOR ANOTHER LEG OF MOVE (CHART# 395)All level mentioned on chart
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COLPAL, SAME RESISTANCE ZONE TESTED AGAIN & AGAIN (CHART# 393)All level mentioned on chart
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BHEL, CUP & HANDLE PATTERN BREAKOUT (CHART# 392)All level mentioned on chart
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MARICO, NEXT HIGH PROBABLE BIG BULL FMCG STOCK (CHART# 390)After having most successful day today with all weekend charts (GLENMARK, STAR, HINDUNILVR, INFRATEL, IRCTC, DRREDDY) giving great move, its time to start looking for fresh stocks.
MARICO looks very good above 404-405 range as it has tried multiple times to break his zone but failed but today managed to give closing above 400 after 2 years.
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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.
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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
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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.
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AEGISCHEM, POSITIONAL STOCK NEAR 2.5 YEAR BREAKOUT (CHART# 380)Level mentioned on chart
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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.
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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.
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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 ***
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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 ***
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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.
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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.
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ITC, TRYING HARD TO GET BACK TO HIS GLORY DAYS (CHART# 369)ITC chart shows beautifully how support & resistance zone interchange their role. A good resistance once broken will act as support and vice versa.
For Monday, ITC is bullish above 192.5
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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.
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HINDALCO, THIRD TIME LUCKY? (CHART# 364)HINDALCO is testing 219-221 zone for third time which has acted as important resistance in past. It is in great momentum and looks high probable to break it this time.
This can give good move above 221.2 tomorrow.
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VRLLOG, DARVAS BOX OF 218 DAYS CONSOLIDATION (CHART# 363)VRLLOG has been trading in range forming DARVAS box and today has given good volume & bullish candle. If this break 186 and able to sustain the level, then can be good for positional pick with potential to go up to 220 which is also coming as target from both resistance & DARVAS box range.
Intraday can also be taken in this if give breakout of 186.2 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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IRCTC, READY TO FIRE ALL CYLINDER POST 1415 (CHART# 360)IRCTC has seen 150+ days of consolidation in close range and has given breakout 4 session back and now staying on top of trend line.
Above 1415, it can see up move to 1450, 1500 & 1550. This stock when moves, it does crazy thing so wait for level to break patiently and get ready to enter in this highly rewarding stock.
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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JUBLFOOD, TIME TO PIZZA & DONUT CO. TO SHINE AGAIN (CHART# 359)JUBLFOOD chart is presenting us many factors for its another leg of upmove.
1. Flag pattern breakout happened couple of days back and it has broken its previous high.
2. It did a retracement to 61.8% and bounced back.
3. Volume is building up in last 3-4 sessions.
4. During Muhrat trading session, previous high acted as support.
Above 2505 on Tuesday (17-Nov) it can continue its upmove. Must have on your watchlist.
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IBULHSGFIN, CRAZY STOCK READY FOR BREAKOUT (CHART# 357)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 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