AkhilSuryaFS

AkhilSuryaFS

Rising Wedge pattern observed in BPCL. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 128 points. With confirmation of pattern occurring at 364, Target of the pattern comes in at 236. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as...

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Bajaj Finance has hit a confluence of resistance. Should be a good place to initiate shorts will stop above 50 SMA. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every...

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HDFC Bank has cut below a rising Trendline showing weakness along with overall market. Upcoming support area between 2400 & 2410 is very crucial. Any level to which the price could react as support should be the mentioned range around 2400. Below that level, the stock could well drag down to 2320-2340 region. (Disclaimer: Our charts and contents are just for...

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Head & Shoulder pattern observed in HUL. Candle closing below 1740 has made the pattern valid. Hence, one can take a bearish view with target @ 1635. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry...

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Completing a brief pull back for prior fall, SBIN appears to have resumed bear trend. Previous low at 354 is taken down with a strong momentum; advantage bears. With over all market in risk off mood a recovery anytime is less likely, which means we could see further fall from current levels. Support levels are seen at 348, 342 (Fib level) and 336. (Disclaimer:...

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Tata Motors, which has been already week on the back of Brexit and JLR performances has traded along a bearish Price action recently. Apparently we could observe a Bear Flag pattern which suggests a very deep drop in price. According to the pattern the stock is set to fall to 125 and that is a big 25% fall. Noticeable supports are at 160 and 152. (Disclaimer:...

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Double Top pattern spotted in Gold. Pattern will be confirmed IF PRICE CLOSES BELOW 1381.75. So shorts need to wait. Price would fall to 1332 as indicated by the pattern. 1382 acting as a support cannot be ruled out. Hence trades can be planned as below, 1. Long when price hit 1382 with stop below 1380 (or) 2. Short if price closes below 1381.75 with stop above...

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Maruti breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 5990. Round number of 6000 too had been breached. Target of the pattern comes in at 5415. With all the weakness surrounding the Auto sector, target seems to be well within reach. Even higher time frame analysis...

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Falling nearly 10% yesterday, the stock is exhibiting some fight back by gaining 5% (at the time of posting). The bounce was helped by demand zone between 3360 & 3375 where we could also observe 50 SMA level. That justifies the bounce technically. Currently the gain has run in to level where it appears to shown some loss of momentum partly because of the...

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Titan pierces through an important support level, which is what could be a trend defining one. Price range offers support through a Rising Trendline, 100 SMA and price support of 1150. The fall is largely triggered by the news of a slow down acknowledged by the management. However, the suggestion would not be to short sell right away but to wait for today's...

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Initial visual inspection shows the index is recently trading sideways between 30230 and 31715. Point to notice here is that we could observe a negative divergence through oscillators i.e. RSI and MACD. That clearly indicates a negative bias. So by considering these factors, index falling to 30230 (further 400 pts away from current level) now almost looks...

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Nifty cracks through 11600 with big momentum. With the way the index has fallen, weakness would be carried on to coming sessions. Immediate support at 11550 looks to have been obeyed, below which we could also see a trendline, which could provide some relief. However, support may only be temporary and it all plays down to whether the level of 11550 holds or fails....

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Rising Wedge pattern observed in NIFTY . Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 195 points. With confirmation of pattern occurring at 11925, Target of the pattern comes in at 11730. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider...

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Double Top pattern spotted in Tata Steel . Pattern is confirmed as price has broken below 500; neck level retesting looks to have done already. Pattern suggests a target of 485. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks,...

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Bharti Airtel has been on a good run recently. Technically, it's trading along a rising channel. The current price i.e. closing price on 4th Jul of around 362 has run the stock in to a strong resistance area spread between 360 and 365. For the recent bull trend to sustain, a break in closing basis above that resistance area is critical. From technical stand...

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Brent Crude has taken support from a rising trendline. We could also see a "Morning Star" candlestick pattern adding to bullish bias. But 63.60 is an immediate resistance which will test the strength of Bulls. If price manages to break above 63.60, we can well expect crude to move towards 65.50. However, if the upward move gets arrested at 63.60 and manages to...

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Triangle pattern observed in Nifty Bank. Pattern looks to have confirmed suggesting a Bullish outlook. Target depth of triangle is around 425 points. With confirmation of pattern occurring at 31385, Target of the pattern comes in at 31810. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider...

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Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas....