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Amara Raja Batteries [2hr Timeframe]Keep it on your watchlist. Both the monthly and weekly timeframes are gaining strength. The daily is close to maxed out. It might therefore correct itself before giving a definitive move! Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a case! ====== This is not a recommendation though. Trade as per your knowledge and your risk appetite. And do not base your trade on what I give. Please do your own research before investing! Happy Trading! PS: I use a different indicator to understand the overall strength in a given script. Helps me understand and gain insights on the potential momentum of a stock.
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by sandeepbalachandran
Lal Pathlabs [Daily] The stock has given a clear breakout, no doubt on this front. But in doing so, it has reached overbought levels on the 1hr, 2hr, 4hr and daily timeframes. It still has a lot of momentum left on timeframes lower than 1 hour. So here is what I see. The stock can possibly move by a decent margin before retracing back to the mentioned support level (this is an observation. It also could likely just keep climbing but I personally doubt it). The week is decently strong for a swing setup but not as strong as I would have preferred. Only time will tell if it will ever break it's high of 4245~ ================ This is just my point of view of how the stock might behave in the coming days. How you trade this is totally up to you! Happy Trading!
NSE:LALPATHLAB
by sandeepbalachandran
KIOCL DAILY CHART ANALYSIS AS ON 26.12.2021KIOCL as per daily chart analysis stock above 282 level for a target 292 level and resistance is at 280 level and 308 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:KIOCL
by UnknownUnicorn19608572
LT FOODS DAILY CHART ANALYSIS AS ON 26.12.2021LT FOODS as per daily chart analysis stock above 79.45 for a target 81.45 level and resistance at 82.45 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:LTFOODS
by UnknownUnicorn19608572
FIRST SOURCE SOLUTION DAILY CHART ANALYSIS AS ON 26.12.2021posted on 23.12.2021 FIRST SOURCE SOLUTION above 180 level and on 24.12.2021 the stock broke the resistance level 178 and closed at 183 for a target 190 level. Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:FSL
by UnknownUnicorn19608572
MARAL OVERSEAS DAILY CHART ANALYSIS AS ON 26.12.2021MARAL OVERSEAS as per daily chart analysis is in brief consolidation and on 24.12.2021 it has formed strong bullish candle and broken the resistance 98 level. Above 99 for a target 101. Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:MARALOVER
by UnknownUnicorn19608572