AK1808

AK1808 Updated 

Stock after whopping 100% returns in 3 months (May - July 2021), has consolidated and has formed descending triangle pattern on weekly chart, with 215-220 levels as strong support. Now, one can consider long position with SL 210 on weekly CB for targets of 260 and 280 above with more than 1:2 RR. Kindly do your analysis before initiating any trades.

AK1808 Updated 

Index has broken major support area of 17610 levels. Now going forward some more correction can be expected. Major support levels marked on chart. Breaking them, Index seems will head towards 17k. Kindly do your analysis before initiating trade.

AK1808 Updated 

Index has formed Evening star pattern on weekly chart, also bearish engulfing candle on weekly closing. Inverted hammer on monthly chart has been formed, which is considered as bearish when formed in uptrend. Now Index may slide further downside till 17350 - 17300 levels in coming days, weeks. View negated on Index closing above 18150 on weekly CB. Kindly do...

AK1808

Stock has been consolidating in channel in range of 2500-2850 levels from 4 months. Making 2500 levels as strong support and 2850 levels as stiff resistance. Also, it has formed double bottom on monthly chart. Longs can be considered with SL of 2450 on weekly CB for the intial target of 2850 and 3000 in short to medium term with more than 1:2 RR and 3350+ in long...

AK1808

The above chart is of TCS on 15 min TF. The chart has formed various patterns and shows the price action after successful completion of the pattern. Hope rarely we can found a chart which exhibits most of the patterns in a single chart. Here are some of the patterns which i was able to identify: (A) Bullish flag pattern: After recognizing and marking the...

AK1808 Updated 

Link below in description my previous trendline trading strategy analysis, posted few days ago. Now Hindalco has been trading with same trendline support, making higher high and higher low. One who bought at close of trendline support at 438 (3), would have made around 8%, by booking profit at previous high of 474. Now, one can consider long position at CMP,...

AK1808 Updated 

Stock after correcting by almost 14% from its high, has given breakout from sloping trendline with good volumes. Also, there is a morning star pattern on daily chart. Company has posted good Q3 results. Now, one can consider long position with SL 650 on weekly CB for the target of 720+ with 1:2 RR. Kindly do your analysis before initiating trade.

AK1808

Link below in description of my previous analysis. Kindly do your analysis before initiating trade.

AK1808

After a marathon rally from 150 levels to 300 levels in 2 months (Jun - Aug), stock has been consolidating for almost 4 months and has formed flag pattern on weekly chart. One can keep the stock in watchlist and wait for any breakout above 270 levels on daily CB, for the target of 320+ (20%) in short to medium term. Kindly do your analysis before initiating trade.

AK1808

Stock has given pole and flag breakout on daily chart, with good volumes. Longs can be considered at cmp or retrace till 356 levels, with SL 345 on weekly CB for target of 395+ with 1:2 RR. Kindly do your analysis before initiating trade.

AK1808 Updated 

After making new ATH in July 21, stock has been consolidating in the range between 180-220 levels, for almost 4 months. Symmetrical triangle pattern has been formed on weekly chart. Results are yet to be announced in next week. Now one can consider long position at CMP or any close above upper-trendline on daily CB, with SL 180 on weekly CB for short to medium...

AK1808

Link below in description of my previous analysis. Kindly do your analysis before initiating trade.

AK1808

Link below in description of my previous analysis. Kindly do your analysis before initiating trade.

AK1808 Updated 

Key levels mentioned on chart. Kindly do your analysis before initiating trade.

AK1808

Above chart is of ABFRL on weekly chart. This is a simple trendline trading strategy, where the stock keeps respecting its support trendline and bounce back to higher levels, making higher lows and higher highs. Here, the stock gave multiple buying opportunities to the investors, while it kept respecting its support trendline. Here goes the interpretation: 1)...

AK1808

Stock has formed rounding bottom pattern, with positive momentum. After getting its first resistance breached at around 140 levels, now the stock is trading near its next resistance levels of 195-198. Also, some good volume action can be noticed in current week trading. Now, one can keep the stock in watch-list and any close above 200 levels on weekly CB, longs...

AK1808

Link below in description of my previous analysis.

AK1808 Updated 

Stock has given flag breakout on weekly chart. Longs can be considered with SL as per risk appetite for targets of new ATH, above 650 levels, in coming weeks, months. Kindly do your analysis before initiating any trades.