Ankit_Oberoi

Ankit_Oberoi

The stock has retested the breakout on three occasions. The third retest seems strong as also took the trendline support. Supply seems to be absorbed and stock seems ready for a swing. I always try and post my stock analysis which offer good R:R. This is one of them. The resistance zone marked can be kept as a SL for gains upto previous swing.

Ankit_Oberoi

The stock has corrected after the huge spurt in vol as well as price. The volumes during correction are low and have dried up. The stock has taken support on 20EMA on W time frame and has bounced off from 100EMA on D time frame. It has also respected the trend line. RSI and MACD are also complimenting the price action. The RSI is on rise and MACD is also moving...

Ankit_Oberoi

The stock seems good for a quick bet and the risk reward is also favourable. The stock has bounced off from trendline support which coincides with 200ema as well. There was a good gain in the commodity index yesterday and seems likely to be continued. Hence this can be a good bet.

Ankit_Oberoi

Current seems to be back in Amaraja Batteries. Stock has been one of the worst performers this year but with auto sector reviving, this seems ready for a upside turn. Has taken support at a imp fib level. Also view the SANGAM (moving averages in a very narrow range and price is also very close to it’s short/med/long term avgs). I generally consider this Sangam as...

Ankit_Oberoi

After a sharp recovery from lows, the stock is consolidating since February. Recently bounced off from 50WEMA. On Daily TF, the short and med term moving averages are in a tight range. Keep in watchlist.

Ankit_Oberoi

The moving averages are converging. The price is trading above the short and med term moving average. RSI is also supportive. CNX finance also in uptrend. Can see a move in this soon:)

Ankit_Oberoi

The stock has been moving in a range and recently tested the support line. However has closed above the resistance with good volumes (the long green candle which was formed on 2nd Aug and the candle on 5th Aug gave double confirmation). Seems ready to take on the second resistance line. Converging moving averages are also a positive sign with shorter moving...

Ankit_Oberoi

The stock tested the breakout level after three and a half years but could not break it. But seems that is getting ready to take on it again!! Daily/Weekly/Monthly charts have completed the CUP formation and are onto the second leg i.e the handle formation. It seems worth keeping an eye on this stock, if it breaches the breakout level then this stock may see a new ATH.

Ankit_Oberoi

The major trend for BPCL is uptrend however the stock went into retracement beginning second week of June. The volumes have been low for the retracement period and now the stock is trading at the immediate resistance level. Breakout of this immediate resistance level with good volume should take the stock price to previous swing high level for retesting.