Chartworld1

Chartworld1

BOB going up with high volumes. Forming inverse head and shoulder with RS on the verge of crossing zero line offering great R:R. RSI is above 60. This has potential to go big provided it moves beyond 200 EMA on weekly time frame. Once that is crossed with volumes, this can have significant upside.

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Filatex has broken out with good volumes from inverse head and shoulder. RS is +ve and RSI above 60. This can give 30% or more returns in quick time.

Chartworld1

Nifty Auto looking bullish, in process of flag breakout in weekly time frame. The stocks to watch out for : 1. Escorts 2. Maruti 3. Ceat 4. Hero Moto 5. Bajaj Auto 6. Eicher Motors 7. Apollo tyres

Chartworld1

SBIN forming cup and handle pattern. Volumes are better as well. RS is +ve and RSI above 60. Can be a good swing trade for 15-20%.

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Nestle has given a breakout after a long while. RS has turned positive also. Only thing missing is volumes. To be traded with Strict SL.

Chartworld1

India Vix in the support range and in the process of forming a triple bottom on Monthly chart. Any 2 closing above 17 would lead to a correction while any close below 10.9 would confirm firm grip of bulls on the market and it will move forward like it is doing presently. Personally i m very cautious now. Discl- Just pure analysis of the chart and no...

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Dabur at upper end of the weekly channel, can move down towards the lower channel. Any closing with volumes above 605 will invalidate this short. SL should be 607 DCB and Target can be 560.

Chartworld1

SMS Life Sciences forming cup and handle pattern in weekly time frame. RS positive stock. Can move towards 1100 levels in 5-6 months time.

Chartworld1

Coromandel at great buy point. RS turning positive, Flag and pole formation along with good volumes near 50 EMA. Can move towards 1200 levels and beyond soon.

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NIfty CPSE showing inverse head and shoulder on weekly time frame. Can move towards 2800 levels. Watchout for the following stocks: 1. NALCO 2. SAIL 3. HAL 4. IRCTC 5. NTPC

Chartworld1

NALCO trading at all time high. Given monthly breakout of monthly resistance with volumes. This can be a good swing trade with 130 as Target. SL can be 68 on MCB.

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West Coast Paper is forming cup and handle pattern in daily chart. Currently at resistance point in weekly chart. Once 270 is crossed on WCB, it can move towards 395-400 levels. SL- 200 WCB(200 EMA support)

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Maruti at support and forming bearish bat pattern on weekly charts. Already closed below 200 EMA on daily charts. This can move towards 4600 levels in the coming months considering the results were not very good for the quarter. Any close above 7700 levels on weekly close basis will invalidate this pattern. It is going to be sell on rise going forward until i...

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Capri Global consolidating after upmove. This can move fast once broken out of the box. RS+ positive stock.

Chartworld1

TBZ forming cup and handle in monthly chart. Can see upside till 140+ levels. Disclosure: This is only for education purpose as i don't trade in jewellery segment as i don't understand the economics at all.

Chartworld1

Tata Power moving in a box pattern after breaking out. Once 131 is crossed with volumes, this can see significant upside. My targets will be close to 200-220.

Chartworld1

Linde India forming flag and pole pattern in daily and weekly time frame . Volumes have also increased. This could go upto 2250-2300 levels and if those are sustained, it can move to 3000 levels

Chartworld1

Technical: TCS is currently at support of the weekly rising channel. Daily chart is not looking that good with RS below zero and selling happening with volumes. Unfilled Gap is there between 2500-2600 levels with 100 EMA also present at those levels therefore it could come to those levels to fill the gap before moving up again. Fundamental: This week could be...