Aayush_Rungta

Aayush_Rungta

I am not sure about taking a long position, given the weak market outlook. Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal. Not an Investment Advice. I am just curious to see how it plays out.

Aayush_Rungta

Apl Apollo is one of the leading companies in Indian Steel sector. I had some previous posts on it as well, which played out well for me. The key aspect is to put urself in those big shoes and think like an Institution. The key problem if you are an institution and want to buy a sizeable portion in a share is LIQUIDITY. How will you get enough sellers to buy...

Aayush_Rungta

Apollo Pipe is currently trading at 578 that is 16% lower than its recent High which coincides with its Bonus Issue date Almost a similar pattern was seen in APL Apollo tubes as well which fell by 25% after Bonus Issue and then made a Higher High The share gave a strong bounce of 7% today and rose above 50 RSI In the weekly chart as well, we find the MACD...

Aayush_Rungta Updated 

IEX is an Indian Company in Power Sector. Recently after forming a Bearish Bat, Share price fell by almost 20% from 303 to 235 The RSI of the company also reached 30 level - Key level for bounce back After taking support at its previous low that is the W pattern low 1 at 236- 232 zone ( purple rectangle in chart ), The share has shown a healthy bounce led by...

Aayush_Rungta

This is not a short sell suggestion, but only a confirmation that this level isn't apt for fresh entry. I am curious to see how it works out. We might even be on the correction wave (c) in this leg which can make a lower low than before somewhere around the support zone marked.

Aayush_Rungta

Mastek share seems to have formed an Inverse H&S pattern. It will be interesting to see if it follow the book and raises back to its previous high from here. Note: This is not an Investment advice. Only for educational Purposes.

Aayush_Rungta

Aurobindo Pharma has been trading at a steep discount to its ATH recently. Its recent quarterly earnings, and decisions regarding acquisitions and then their cancellation were not perceived well by the market. After a long period of Lower Highs and Lower Lows, The share seems to be making Higher Highs and Higher Lows now in recent 2 waves. I am curious to see if...

Aayush_Rungta

NALCO seems to have been trading in this parallel channel for some time now. I am curious to see if it can sustain above this price level from where it had fallen before to take support and revisit the level now again. It is not an Investment Advice. Only for Educational Purpose.

Aayush_Rungta

This caught my eye while doing my routine of finding shares at near support prices. Very curious to see the next few candles if the bounce sustains or share price dips to trigger Support Zone 2. Only for Educational Purposes. Not an Investment Advice.

Aayush_Rungta

Trendine support and demand zone reached RSI showing mild bullish divergence A convincing bounce at this level could lead to further upside. Only for educational purpose

Aayush_Rungta

RSI > 50 MACD Cross Support Bounce Expecting some upside.

Aayush_Rungta

BASF is one of the chemical sectors pioneers of India. Recently during the drag in this sector, the share fell from its all time highs and has reached its trend support. the last 2 days have witnessed a healthy bounce and I am curious to see if it can move in the trend again

Aayush_Rungta

HCL Tech is one of the leading IT companies quite similar to Wipro and Infosys. It seems it has reached the trendline support and shown a healthy bounce of 4% in 4 days The share dragged because of lower than expected quarterly earnings and PE wise, it is trading at 27 while TCS, Infosys and Wipro are between 34-36 region. TCS has made a similar pattern as well...

Aayush_Rungta

Price seems to have given a breakout with good volume. Lets see how this works on short time frame. I am a bit weary since the price may give a small pullback and retest resistance levels but it is equally likely that it may just go a little further from here before cooling. Only for research purposes.

Aayush_Rungta

The old resistance trendline has not been turned into a support trendline and it will be interesting to see if it tests the new resistance trendline again after a bullish bounce. Only for research purpose.

Aayush_Rungta

Shree Cement has been trading in a sideways channel for a long time now and has reached the demand zone. I am curious to see the results after EMA 9,21 confirmation or after taking a partial position here. RSI has reached 30 levels and MACD Divergence seems decreasing as well. A strong bullish candle can increase conviction in the swing. Only for learning purposes.

Aayush_Rungta

The chart is self explanatory. The price often pulls back to smart money entry levels before rising again. I am just testing out something I learnt recently. Only for educational purposes.

Aayush_Rungta

1. MACD cross 2. RSI recovering from oversold 3. Trend support acting as key level It is still not very clear if the trend retest is successful but I expect TCS to slowly give some upside from here. For educational purposes only.