RELIANCE RELIANCE (W):-After a long period of consolidation, reliance finally broke through last year's resistance trendline, suggesting a target of 2900.
Tradingviewindia
ACCURACY ACCURACY (D):- 127 CMP, Looks good for more upsides :)
1) Breakout Candidate :)
2) Volume Spurts
HDFCLIFE #Watchlist
#HDFCLIFE (W):- 758 CMP, LOOKS GOOD FOR MORE UPSIDES :)
1) Rectangle Breakout Done :)
2) Volume Breakout
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
TRITURBINE #Watchlist
#TRITURBINE (W) :- 143 CMP, Looks promising for future growth.
1) Cluster Breakout Done(Multiyear)
2) Volume Breakout :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
DELTACORP #Watchlist
#DELTACORP (W) broke the multiyear (Resistance Trendline) after a long time with a good volume confirmation:)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
FORBESCO FORBESCO (W) Give a breakout a few weeks ago. now doing tight range consolidation and facing resistance at magic Fibonacci no. 0.618 (3198.15) Break with good volume, then 5200 will come.
With Stop loss of 2350/23000 DCB:)
GESHIP #GESHIP (W):- Since March 23, 2020, the price has been following a supportive trendline. Now, the price has returned to that trendline, with a nice reversal candle :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
GICRE#GICRE(W) just made an HL with Volume Breakout in the Breakout Retest Zone:)
1) HL in the Retest Zone of the Breakout
2) Breakthrough in volume
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
VENKEY #VENKEY (W): Maintaining an uptrend with correct higher high and higher low formations, it has now established a new higher low. Return to the prior breakthrough zone for a retest.
1) Retest Done
2) Risk to Reward Ratio is good :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
EIDPARRY #EIDPARRY (D) Since March 23, 2020, the price has been following a supportive trendline. Now, the price has returned to that trendline, with a nice reversal candle :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
Contra Trade ZEEBuy ZEE Future At 174-175
SL Will be 170.
Target - 184.
Tarde is contra trade after a big fall Zee will again test his Bollinger band middle band.
After making a new Low today zee is closing higher which shows buying Interest is emerging in zee.
Which indicated a bounce back.
Wait for the confirmation and buy tomorrow.
If closes above 170 today then only consider this trade active.
It's a short-term swing trade.
Do share your views and comments below.
IT to loose some steam Sharing only for the purpose of learning.
IT sector may lose some steams after this wonderful rally.
Fibonacci Projection as shown reached the 1.414 levels in a single rally.
Few stocks showing some retracement signs on charts.
It can retrace or again start his journey again as few stocks still seem very strong on charts as below.
- TCS - Mindtree - OFSS - TECHM.
Stocks that can retrace can be as below.
- COFORGE - LTI - MPHASIS - WIPRO.
This is only for the learning purpose watchful for the monthly expiry and sept month for IT sector. As FMCG now can come forward in this situation to move market UP and smalls Hopes from bank nifty to keep market eventful for September series.
Share your thoughts regarding this in a comment.
3MINDIA 3MINDIA (W):- 22839.65 CMP, Looks good for reversal (Dow theory follow by 3MINDIA) NEXT Target 31700/33000 As per price pattern
1) CIP + Bo retest zone (Cluster Buying Zone )
2) high probability Setup
ZINC#Watchlist
#ZINC (4hr):- 247.75 CMP, at Support looks good for 253/255 (Invalid Below 245 DCB)
1) Trading at Support Zone :)
2) Volume Contraction
#Disclaimer:- View shared is for educational purposes only.
#StockToWatch
BALKRISINDRSI Divergence Sharing for study purpose only.
BalkrishnaINd Making Lower lows on charts.
For early indication, we go down on Hourly charts.
As prices are moving down RSI is not making Lower Lows. (Marked with red arrow)
You can check on the lower time frame also on 15 min/ 5min charts.
It's an accumulation zone for the stock which can give a good up move in few days.
SL stays if RSI breaks the pattern and makes a new low or support zone break.
IF you can observe it's not breaking the RSI level of 40 on daily charts.
Which can also give us buy for Grand Father, Father and son strategy.
Keep watching the stock and keep learning.
ZOMATO #Watchlist
#ZOMATO (30TF):- CMP 133.40, Trading into (Symmetrical Triangle pattern) and taking support keep Track :)
1) Wait for Breakout/Breakdown :)
2)RSI breakout now its taking support from breakout zone :)
Sunpharma#Watchlist
#Sunpharma:- Give a breakout at 785, Looks good for more upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
RECLTD RECLTD (4HR):- 150.35 CMP, looks good for 160/170++ (Taking support form supportive trendline + EMA 200)
ALBERTDAVD ALBERTDAVD (W):- 643.4 CMP, Looks good for more upsides :)
1) Multiyear Breakout Done :)
2) Volume Spurts
SHRIRAMCIT SHRIRAMCIT (D):- 2158.1 CMP, Looks good for more upsides :)
1) Breakout Done :)
2) Volume Spurts
KREBSBIO KREBSBIO (D):- 149.75 CMP, Looks good for more upsides :)
1) Breakout Done :)
2) Volume Breakout
ZINC #ZINC (4hr):- 251.6 CMP, at crucial Resistance If closed above (251.9/252.4) this then 255/260 levels will come :)
Silver Silver (w):- 62654 CMP, at crucial support If closed below (62150/62000) this then 56600/58500 levels will come :)
1) Crucial Support Holding
2) Volume Contraction
