POWERGRID - NIFTY50 STOCK#POWERGRID
#Daily Chart
#UPFlag BO Retest Done
#Buy 240-241
#Target 260 & 275
#Stoploss 235 DCB
Volumeconfirmation
NLCINDIA - Rising Wedge BreakOut (BO)#NLCINDIA
#Buy 88-89
#Target 115
#Stoploss 80 DCB (Daily Close Basis)
#ShortTerm (upto 3-4 Months)
Stoploss - 80 DCB (Daily Close Basis) means if Stock close below 80 value at 3:30PM (Market Close Time), then take exit at Next day
INDUSINDBANK - Price Action Changed#INDUSINDBANK
#PA CHANGED
#Buy 1010-1018
#Target 1240+
#Stoploss 966
#ShortTerm (upto 3-4 months)
Price Action Changed and we can also say that INDUSINDBANK also overcome from his long 4-5 months Resistance level.
TATACHEMICAL - Falling Wedge Breakout#Tatachemical (D)
#Buy 1020-1030
#Target 1270 & 1370
#Stoploss 970
#Short Term (upto 3 months)
TNPL - Multibagger Stock#TNPL (Tamil Nadu Newsprint & Papers)
#Monthly Chart
#Double Bottom (W) Breakout with Volume Confirmation
#Buy range 205-220
#Target 311, 393, 462
#Stoploss 180
#Multibagger Stock
TATASTEEL - PULLBACK ON LOW VOLUMENSE:TATASTEEL
TATASTEEL OVERALL OUTLOOK REMAINS BULLISH
ON 17TH NOV,PRICE OPENED GAP UP AND FORMED A STRONG BULLISH CANDLE WITH HUGE VOLUME
BUT AFTER THat PRICE STRUGGLED TO MOVE HIGHER,VOLUME ALSO ON DECLINING SIDE
AFTER WHICH PRICE STARTED TO RETRACE ,AT FIRST WITH EXPANDING VOLUME ,THEN ON EXTREMELY LOW VOLUME
THERE ARE TWO POSSIBLITIES,EITHER
>>>>> PRICE GRADUALLY MOVE DOWN ON LOW VOLUME AND TAKE SUPPORT AT 495 -502 ZONE (PREVIOUS GAP) BEFORE MOVING HIGHER (or)
>>>>> PRICE COULD TEST THE RESISTANCE (RECENT HIGH) FOR SOME TIME BEFORE MOVING HIGHER ON VOLUME EXPANSION
Upward trend Over, Will make Lower Lows-Volume ConfirmationAccording to this Analysis the Upward trend is over(Higher Highs)
And it starts Making Lower Lows. Analysis through Elliot Impulse wave.
Confirmation of lower trend - Fake upward Trend was seen @ !6 July 2020( Dows Theory ) i.e. confirmed by the volume.
Time to Short The Share.
Its Just our Analysis not the Recommendation to Anyone.
Thanks.
Berger Paint - Bearish Engulfing pattern at resistance Bearish Engulfing candlestick pattern at resistance with volume confirmation.
TATA STEEL - Bearish Engulfing Pattern at resistanceSimple Chart with strong implications -
- Resistance
- Bearish Engulfing Pattern
- Volume Confirmation
- RSI oversold
