I hope you are healthy and happy! 😃
Currently I have this stock in my radar. A clear breakout in such market conditions is uncommon and that is what makes Power Grid really powerful.
Breakout is backed by good clean candles and volume hence it seems reliable. It will be very interesting to see how the stock behaves now as it is at ATH in such market...
I hope you are all doing good:)
The market is currently in a phase which nobody would prefer it to be. But this is the time where we should work hard so that when the wind starts flowing in our preferred direction, we would be the first one to reach the coastline.
I was excited for this weekend as I had a clear objective of finding out stocks which did...
The benchmark index (NIFTY50) has become somewhat weak now or to put it better we can say that the power of bulls is now being challenged by the bears. In this phase the trader needs to become really cautious and find some really good setups where the R:R should be given highest priority.
Above is the weekly chart of one such setup. Finolex cables gave...
I hope you are all doing good :)
While going through the sector charts, Auto seemed promising and I found a really strong chart in this sector - MARUTI.
It is the leading stock for the auto sector. Let us understand how it is setting up.
After making a high in Dec 2017, the stock started correcting. Formed a base in march 20(Covid fall) and started...
Let us discuss another chart today. MCX is a dominant company in the segment it operates and is hence a strong stock.
The chart/technical aspect also depicts strength to me.
The stock crossed it's ATH for the first time in July 2020. Tried to sustain above it but could not hold the level for long. But the good thing to notice here is that it did not...
I have found a interesting setup which I want you all to study, learn and make a view.
We all know that CDSL is a good fundamental stock and owing to that it saw a really good uprun in the bull phase of the market and then went into time and price correction which I consider as healthy.
Now, after correcting and spending a lot of time in the...
I have brought in another good set up.
SRTF has broken it's consolidation range. Prior to the breakout day the volumes were building up and the breakout candle has witnessed the largest volume in the last few months which is a good sign.
Now how to trade it:
First of all do not let FOMO overpower you to take a trade in haste. Observe the price for a...
I am here again with one more strong stock. The purpose is not to give you any call but to make you learn how to analyze a stock:)
The stock after giving a good uprun, went into correction mode. Interestingly, it formed a rounding bottom during this price as well as time correction. The volumes as you can see were almost dead during the declining...
With breakouts happening left, right and center(owing to the bull market) it seems easy to trade and more easy to loose our discipline. We should cherish this bull run but not at the cost of loosing our discipline.
Now coming to the idea, a well known textile brand- Raymond, is trading at the multi year resistance zone. How I look at stocks trading...
Yesterday I posted about how I am able to see a upside in PSU BANKS Index (I have attached the link of that article below). I asked you all to reflect on it and prepare a list of the stocks which can be the early leaders in this sector.
I personally find Indian Bank's setup really convincing. Stock is forming a VCP pattern on the Weekly chart and...
Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE.
The chart also speaks the same.
The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C)....
I am here again to give you something valuable:)
Observed the coffee future chart which is trading in the multi year resistance zone. This is the fourth time now that it is into that zone and owing to increase in the prices of other commodities it may break the resistance this time.
Stocks of FMCG segment will benefit from it. One stock which I see...
PSU banks have been underperformers, however I can see a turnaround in this sector. A very beautiful VCP pattern is in formation and with a breakout of the horizontal line we may see some good rally in PSU banking stocks.
Now, what to do after knowing this? How to look for stocks in this sector which may give good returns?
First Source Solution is an IT company and has a decent market cap. The stock has been witnessing a huge volume since June. Just compare the size of red vol candles vs the green vol candles. FII's increased their shareholding in June quarter and promoter pledging is zero.
The debt to equity ratio is low. Also, the result season is around the...
Auto sector has not participated much in the NIFTY rally, but seems that the index is getting a push now. TATA MOTORS seems to be a good candidate. After recovering from low, it is consolidating nicely at a important fib level (seems like accumulation is going on). The stock is trading above near/med/long term moving average.
After a good uptrend, the stock has seen a price correction or one should say weak hand removal. This becomes a good accumulation zone for the sharks. The stock has been taking support at same level which shows that there is strong buying at that level.
The stock has been outperforming the sectoral as well as benchmark index. A gap up today confirms that the...
I always follow the KIS (Keep It Simple) principle in my trading. I simply trade what my chart says.
Bank Nifty has been trading in an upward rising channel. So, which side to choose (bullish/bearish) is self explanatory.
But, let me just put it out for you. As you may see on the chart that the upper channel line is acting as a good resistance and the lower...