SastaSundr has shown a strong breakout from the downward sloping channel. Some upside can be expected here given the strong support it has formed after breakout and the high relative volume.
FSL had been trading in a long term parallel channel and short term triangle pattern. It witnessed a breakout of Short term Triangle Pattern with good volume and this coincides the bounce from long term trend support in parallel channel. It will be interesting to see if it can reach its recent high and the targets marked in black horizontal lines in the chart...
SW SOLAR recently was in news as Reliance confimed 40% acquisition in it @375 per share It has confirmed a breakout retest and I am interested to see how the price reacts from here.
Our last move on Cyient was very successful and we were able to catch a 15% price increase. This time around, similair set up is there. Bounce from Trend Support, MACD cross due, and EMA 9,21 looking positive. RSI is positioned perfectly too. Expecting some upside movement here.
FSL seems to have reached its long term trend support and MACD seems positioned well too. RSI is above 50 and bulls are in control. It will be interesting to see if it breaks the trend here or goes on to continue it with an upside movement here
Infosys will announce its earnings later in 2-3 days and is expected to follow along the lines of its peer TCS. EMA 50 has always been a good support for the share and MACD hasnt seent he negative zone since March 20 market crash. It will be interesting to see if the share rallies from here and mantains its EMA support or corrects a little more to meet its trend support.
As can be clearly observed, in the 5 days before and after Earnings Declaration by Wipro, Share price moves at least 10% upside. Last day it was up 3%, which might be the start of this earnings break upside. It will be interesting to observe how the market reacts to TCS earnings declared just 2 days before. Expecting some upside just like trend, Also the price is...
Chart is self explanatory. OAL has been trading in a channel for quite some time and is expected to continue the same. Key RSI level of 46 was kept and MACD also shows decreasing divergence with key EMA levels supporting the pullback. This is only for Educational Purpose and not a trading/financial advice. Thank You :)
Chart is self explanatory. APL Apollo has been trading in a channel pattern and is expected to continue this. Strong bounce from support and decreasing MACD divergence with key RSI level 40 kept further strengthens the conviction. This is only for Educational Purposes and not a Trading/Financial advice. Thank You ^_^
IBREALEST seems recovering from a downward sloping channel after giving a strong breakout from the pattern. It held its support at EMA 100 which was also a key Price Action level from where price had revered on two occassions before. Seems like there might be some upside potential here. The chart is mostly self explanatory.
NIIT has been trading in a parallel channel and is expected to continue the trend. Chart is pretty self explanatory. MACD seems bullish RSI in perfect position after bounce from 50 level EMA looking up Upside movement is expected here This is not a financial advice. Please consult your Financial advisor before taking a position. Thank You :)
KPIT Technology is one of the leading IT shares in India. I had also identified and posted it just before its recent rally. Here is a more detailed run through of the price action. It demonstrated a very clear support at EMA 50 level and a fairly clear Resistance level. This was further supplemented with a double bottom pattern and rising volume levels - Clear...
The chart is self explanatory. Happiest Minds consolidates for a few days while taking support at EMA 20, and then rides the Impulse increase in share price. Then it considates again, and repeats the pattern. This time it has been consolidating for weeks and has been making Higher Highs and Higher Lows, a breakout above the pattern will bolster conviction for...
KPITTECH has bounced from EMA 50 on multiple occasions before. Presently, Bounce is also synced with the Trend Support and MACD Divergence has been decreasing as well. Upside Movement is expected if it keeps trading in this channel. This is not a financial advice. To be used only for Learning purposes. Thank You :)
The chart is self explanatory. The share is retesting its previous resistance after giving a breakout - Healthy Bounce with Morning Star and sustained Volume levels Expected Upside movement if the price manages to break its recent high after breakout. This is not a Financial Advice. It is only to be used for Learning Purposes. Thank You :)
Telecom Stocks picked up pace after the recent relief package from the Government. Bharti Airtel being one of the top Challengers in the Telecom space is expected to show some upside, given the facts that : 1. It broke a multi year Trend Resistance 2. A Bullish Pennant is formed 3. Sustained Ride with two Bull Flags 4. Above MA Volume 5. ADX above 45 - Strong...
On the basis of technical Analysis , Aplapollo seems ready for the next rally. Keep a watch on it.
RSI moving above 60, Bulls in control MACD Bullish crossover completed EMI 9,21 Cross completed Potential Hidden Bullish Divergence in chart as well. Seems like there might be some upside potential here.