AkshayAdak

AkshayAdak

This is Weekly Timeframe. AB Capital was in consolidation form March 2021. While consolidating it had took 3 time major support. The very 1st time it came near previous resistance acting as support now, it formed dragonfly doji and gave strong rejection. The 2nd and 3rd time it came near support,it bounced back with strong volumes and formed double bottom...

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This is weekly timeframe. It took support at 0.38 fibo level. Gave breakout. As per flag pattern the target comes 3600 levels it's seems way too high and may take yrs to achieve. But we may see 2370-80 levels soon as it is resistance zone. Sharp rise in volumes on buy side on weekly timeframe. Let's see what happens. This is my own analysis and only for...

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In bigger timeframe it is in downtrend for years. Now showing good up move in daily timeframe and has multiple reasons to continue bullish momentum. But not sure till where it will last. Resistance zone is near too. Let's see. This post is for information purpose only.

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Fed on Weekly Timeframe. Gave breakout with good volumes. Eyes on this one. Q2 Results will also impact it so a little bit risky setup. This post is for information purpose only.

AkshayAdak

This is Monthly Timeframe. PFC is near is resistance of a very long resistance line. We saw a big breakout in TATA Power from power sector few months back. Will it happen same with PFC? The chances are looking bright as it is sideways for years. And here, RR ratio is also looking good which 1:2 if I kept stoploss near the recent support. It may also go above it's...

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L&T Finance Holding have seen increased volumes in last few weeks. Gave small breakout of short term, and now seems it's time to give a big breakout. It has potential as volume is increasing. R1,R2,R3 and R4 are major resistances if it give breakout the it face resistances here. As per this I can set target by watching the momentum and managing good RR...

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Nifty Pharma index started it's rally after the 2008 crash and top out in 2015. Then it went for a long consolidation till 2020. After analyzing retracement with fibonacci levels I saw that it had took support on 0.618 level and again showed a bullish up move. It crossed it's all time high recently in 2021. Before crossing, sellers tried to change trend but...

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Nifty Auto is at resistance levels of a trendline on monthly timeframe chart. After 2020 fall it had broke the major resistance and took support on it. Now from support zone it had made higher lows, but not the higher highs. Index had contracted for last few months so now there is high possibility it may show big move one side. This month we may witness a major...

AkshayAdak

Here, we can see the resistance is acting as strong support now. Volume is generating for this week. Probability of strong upward move is high than downwards. This post is for education purpose only.

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Titan has crossed the resistance zone with volume support and also have given closing. It was in consolidation for almost 5 months. Good up move expected. This post is for educational purpose only.

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I saw the breakout in the Tatachem stock. Volume looks increasing on buy side. Stoploss below at previous candle of breakout because its has shown a good buying momentum as it has no wick downside on daily chart. I think this may resumes the in upcoming trading sessions. If not my stoploss will get hit. 1st resistance is at 792-798 levels - My Target 1 2nd...

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Breakout by Bluechip #bbb HCLTECH gave breakout from this pattern with avg. volume and we saw a retest with good volumes. High volume than the breakout candle. This is not a good indication. Retail traders may get trap at higher levels. Waiting for the strong indication of bullish trend is the best option for now. Nifty is near all time high. I will not expect...

AkshayAdak

Stock have given breakout with above avg. volume. The candles which have formed in last few sessions are bearish but looks weaker as there is continues decrease in volumes. This means sellers are not that powerful at these levels now. While using Fibonacci, applying top to bottom, I see that it have tested 0.61 level. Which means there's high probability of...

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Neutral for now. Waiting for trend confirmation. It is in consolidating for more than 2 months. The previous resistance one is acting as a strong support zone now and stock has bounced back from it for multiple times. MFI is at 25. Now it is also at a short term trend line and may move upward from here if Nifty is bullish. Nifty support is important for coming...

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It is about to give breakout or breakdown. In this pattern for almost 4 and half month. Let's see how it goes further. This post is for information purpose only.

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Today we have got the breakout in BORORENEW on 1D timeframe. Volume is above average form the last few weeks trading sessions. This post is for information purpose only.

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Ceat have took very strong support on the 1 yr trendline with good volumes. Also formed bullish engulfing at support. Today's volume is highest since 4th Feb 2021. It has also given short term breakout. The R1 is resistance on Daily timeframe and weekly timeframe too(Aug 2018 candles). Let's see how it moves further. I'm not a professional or very experienced...

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This is 1 Hr timeframe. I have got the same setup like in CAMS that I got on 21st May. I have posted it. Check it out. CAMS have moved 25% since then. Let's see how this one goes. Completely doing pure techincal analysis without bothering mentally by any news and all other factors. Those things too reflects candle's movement and stock momentum. Those candle's...