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
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Piyush Gupta
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THYROCARE, ALMOST 5% MOVE IN 10 MINUTES (CHART# 346)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 recommendation was shared with group
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
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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.
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Piyush Gupta
NIFTY, INV HEAD & SHOULDER WITH MULTIPLE SUPPORT TL (CHART# 344)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 12220-12290 resistance zone.
As NIFTY is forming Inv. Head & Shoulder, many stocks are forming similar pattern and near to their breakout zone. Stay tuned for more charts & analysis.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
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Piyush Gupta
KOTAKBANK, MUST HAVE BANKING STOCK ON PORTFOLIO (CHART# 343)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 days.
Daily view of same chart
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Piyush Gupta
FSL, SERIES OF FLAG BREAKOUT BASED MOVE (CHART# 342)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 action used for all of the analysis. Keep your charts simple and free from lagging indicators.
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Piyush Gupta
GODREJPROP, REASON BEHIND 12% BUMPER CATCH TODAY (CHART# 341)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 scaling new highs.
Chart which I posted yesterday.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
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Piyush Gupta
HINDZINC, MAJOR MOVE POST 225.5 (CHART# 340)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 price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
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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.
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Piyush Gupta
BHARTIARTL, MULTI PATTERN CONFLUENCE FOR SHORT TRADE (CHART# 330BHARTIARTL has highlighted on chart has given us 3 signals for weakness.
Below 411 is can go further down till 401-402 which is its important support from last 2-3 years.
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