About meI love analysing chart patterns, price action and simply trading.
I daily post my chart analysis of potential stocks for the upcoming session on my Telegram Channel- Intraday & Swing Price Action Chart.
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UPL has shown some good bullish volume in the last few days and is nearing a two year old trendline. It has also formed a small rounding bottom. If UPL breaches the TL, it would also be the breach of the psychological barrier of 600 level, so one can go long above 601.5 and expect to see 615 in the short term and even 670 levels in the days to come.
Airtel is about to give BO from a symmetrical triangle and continue it's bull-run. Why can this trade be a BOUNTY? Airtel has strongly retraced off of the 61.8 fib level and so for intraday one can easily eye 605.45 levels. For Swing/Positional one can easily eye the -27 extention (643.10) and even the the -61.8 extention (669) in the long term.
TCS has been consolidating in an upward channel for about 3 months now and it is approaching the channel's lower TL. Recently, it has also taken out the lows of previous 9 trading days after long consolidation within a tight range. If the TL gets breached, one can go short to see 3000 levels in the short term and even 2850 in the days to come.
After taking good support from a crucial level, as indicated by the blue zone, Reliance has finally showed some good volume and bull strength and has pushed up, after days of consolidation. Now all eyes on the major TL, which when intersected, one can go long and expect to see 2115 in the short term and even 2300 in the coming days.
Wipro has been consolidating in a falling channel for nearly a month now and has taken a good support form fib 50% level. When the BO from the falling channel happens on the upside, one can take a long entry and expect to see 468.20 in the short term and even the -27 extention (500 levels) to be achieved in the days to come.
ApolloHospitals finds itself in a rising wedge with HPR since the last couple of days and is now near it's support. If the TL gets breached, one can go short and expect to see 2510 in the short term and even 2330 levels in the days to come.
Ramcocem is struggling at the top unable to make newer highs and is now retesting it's 8 months old TL. One can go short when this TL gets breached and expect 770 in the short term and even 690 levels to be tested again in the days to come.
JBCHEPHARM is cosolidating in a triangle and has shown a good bullish move despite bearish market sentiments. A strong BO from this triangle is soon to come. One can go long once the upper TL is intersected and expect 1090 in the short term and even 1150 levels to be tested again in the long term.
A double top formation can be seen in NIFTY and it is now at it's Neckline. Additionally, the neckline is also coinciding with a 3 months old TL which can be seen clearly in 1Hr Timeframe. The market can go very bearish on breach of this neckline. ALL levels are mentioned in the chart.
Unable to form newer highs Raymond finds itself in a triangle now. One can go short when the lower TL is breached and expect 312 in the short term and even 295 levels to be tested again in the coming days.
With an apparent exhaustion at the top, Zeel finds itself in a triangle now and at a crucial level. One can go short when the lower TL is intersected. Safe players can wait for an entry below the horizontal line which it at 216.9, which clearly is a crucial level for Zeel if you track back a bit on it's chart. The levels of 214 and even 201 can be expected in the...
Britannia finds itself in a triangle unable to form newer highs. Additionally, it has been consolidating in a tight space of 100 points near it's lower TL for the last 4 trading days. If it breaks on the downside, one can go short as soon as the lower TL is intersected and can expect 3511 in the short term and even 3450 levels to be retested in the coming days.
After repeated failed attempts to push upwards TorrentPharma might just begin it's downward journey. The lower TL of the triangle has been tested multiple times including last day. One can go short if the lower TL is breached this time and 2600 in the short term and even 2430 levels to be tested in the coming days.
BPCL is about to break out of a triangle it was forming since about 10 months. One can go long when the upper TL is intersected and expect to see 480 and even 550 levels to be achieved in the days to come.