Asian Paints : Swing tradeAsian Paints taking support at trend line perfect candidate for swing trade.
Good upside possible
keep eyes.
Stockstotrade
Tata Elxsi Brkout awaitedThe dly chart of Tata Elxsi shows a resis at 6099
A valid brkout abv it is likely to take the prices on the upside.
Can touch app 6600 - 6700
However is prices continue to move abv 6750.......it will likely carry on the upside.
The stock has been in bullish momentum and this brkout may prove to be yet another entry point for those who missed the previous bull run.
Trade as per price action.
SRF Wkly Flag BreakoutThe weekly chart of SRF clearly shows the breakout of a bullish flag pattern.
The stock is likely to continue its upside.
Buy on pullback app 2550
Add more qty near 2270
Tgt app 3000 - 3100, 4000 - 4100, 4100 +++
Godrej Consumer - Breakout of Falling Wedge!Godrej Consumer Products has broken above the falling wedge, having taken support of its 200 day EMA.
The stock has now also moved above its 100 day EMA, indicating bullishness ahead, which is confirmed by the bullish divergence between its price and the RSI oscillator.
Chart Analysis of Saint Gobain (16 Dec 2021)Strong price action seen here.
If closes above 86 levels on weekly basis,, can give good returns.
Accumulate only above 86 closing.
Target : 96, 120
SL : 84 WCB
Only for educational purpose. Not a recommendation.
SBILIFE: BEARISH SEQUENCEStock is correcting in a three waves pattern ABC in which wave B has unfolded as a triangle. One should go short on current levels near 1160 , keepin SL of 1205 look for the target of 1100/1080-60
Bearish Flag in Vedanta HourlyOne can clearly see the formation of Bearish Flag in VEDL hourly chart.
Break down awaited.
Upon BD can touch app 308, 270.
Invalid on close abv 332.60
Trade as per price action.
BSE - Re-test of ascending triangle breakoutRounding bottom breakout of the ascending triangle formed in BSE has now re-tested the upper side of the Triangle.
If the re-test is sustains, can expect uptrend to resume.
L&T Finance - Trend Reversal in 5th Gear L&T Finance has been in a long-term downtrend falling wedge, that has beautifully drawn out into an Inverse Head & Shoulders reversal pattern.
The stock is now trading above all its long-term moving averages, which provides strong support to push up towards the targets indicated.
Godrej Agrovet - Breakout + Re-test of Falling WedgeBreakout of a falling wedge is a bullish reversal, which has taken support of the 89/100 EMA.
A re-test of the breakout has taken place, and targets over the short to mid-term have been mapped out on the chart.
Federal Bank - #RakJhun - Trendline breakoutFederal Bank is one of the Big Bull Rakesh Jhunjhunwala's big bets.
The stock has broken up above the downward trendline forming since March 2021, with a downward trendline formed since October 2017 very close above it.
Federal Bank is seeing some consolidation in this range before it makes the next leg up above the second trendline.
AMARAJA BATTERY: TREND REVERSALAfter taking the support near 665 zone, stock is forming HH HL on shorter time frame which can be taken as first signal for short trend reversal . one should go long on cmp with SL of 740 & look for the tgt of 780/800 zone.
M_M on the verge of breakout In the daily timeframe, m_m is forming a descending triangle. This pattern has more chances of giving a bearish move but in this case seeing volume, candles and ema, there is more chance of a breakout. You can watch this stock to trade on Monday.
Zeel BreakoutThe big upside move yesterday in ZEEL ended up closing the day with it's resistance breakout.
The further targets are marked in the pic at app 307 & 402.
Though due to the big price move yesterday leading to a such a big candle, the Stop Loss seems to be quite big.
This also leads to a probability of stock going sideways.
Hence, it will be prudent to wait for some pullback and trade as per price action.
RSI Divergence in SGX NiftyThe charts clearly shows short term bearish RSI divergence coming in the way of a Rising Wedge pattern on the Daily charts of SGX Nifty.
Last week Friday ended up forming a Spinning Top in SGX Futures while Spot formed a Grave Stone Doji.
These are early waring signals that we may witness a downside as the market finds immense pressure at the moment to continue its upside.
Breakdown awaited.
Engulfing Bearish Candlestick in DLFThe daily chart of DLF has formed an Engulfing Bearish Candlestick showing signs of negativity coming into the stock.
One can go short only below a valid Break Down of support marked.
An upside channel can also be seen.
If the stock manages to close above the channel then it would generate buy.
Trade as per priceaction.
Dark Cloud CoverDeepak Nitrite Daily Chart shows a Dark Cloud Cover candlestick formation at a crucial resistance.
A valid Breakdown of support marked in the pic will initiate a short.
Balkrishna Industries at very crucial levelBalkrishna Industries have tested 4 times resistance level in 15 min timeframe
we can go long once this resistance break or else short once get confirmation bt candle
Cup & Handle Breakout in Eicher MotorsThe chart clearly shows a Cup & Handle BO on Eicher Motors Dly.
Can touch app 3000 , 3200.
SL : Blw 2580 ( DCB )
Grasim looks bullish#positional
Grasim (CMP: 1471) is forming ascending triangle pattern if it broken and sustain upside the long positions can be taken here, keep it in watchlist and trade as per the charts
City bank looks bullish#positional
City union bank has broken the flag and pole pattern and now once retesting become successful long positions can be taken there with swing as stop loss
