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NSE:MOTHERSUMI
NSE:ASIANPAINT
This is weekly chart of DABUR on NSE (INDIA) with CMP @ 395,65. Following observations on chart indicate that it is an excellent chart formation based on technical for investment. 1. It is an up trending stock. Kindly look to trendline drawn with multiple supports shown by arrows. 2. Now, it has taken support at around 364 which was resistance price line during...
This is daily chart of BEML on NSE (INDIA) with CMP @ 700.45. It seems to be a good shorting opportunity based on following observations: 1. It is downtrend and price is still trading below SMA200/SMA100. 2. A trendline drawn on the chart shows resistances where price rejections are shown by arrow. Now again, price has tested this trendline and also SMA100 and...
This is weekly chart of BANKNIFTY on NSE (INDIA) with CMP @ 25,737.50. Critical analysis/observations as mentioned below suggest that we may take short term bullish view: 1. Price was following a rising channel from December 2015 till price broke down in Sep 2018 as indicated on chart. 2. During rise in price (MARCH 2018 to AUGUST 2018), it can be seen that it...
This is weekly chart of GLENMARK on NSE (INDIA) with CMP @ 665.55. It looks a good opportunity to take a long position in the scrip based on following observations: 1. Support zone has been marked on the chart where price has taken support multiple times in price band of 505-602. Now, the price has come out of this band indicating reversal. 2. It is also observed...
This is daily chart of SUNTV on NSE (INDIA) with CMP @ 607.55. It seems to be a good shorting opportunity in the scrip based on following observations: 1. It is downtrend which is obvious from the chart. Counter trendline has been drawn which acts as resistance marked by arrows. 2. It is also observed that price tests EMA50 on retracement and gets rejected to...
This is weekly chart of BHEL on NSE (INDIA) with CMP @ 69.20. It looks a good shorting opportunity on the basis of following observations: 1. Please refer counter trendline/resistance line drawn on the chart which acts as resistance as shown by arrows. 2. Price retraced to 38.2% level on Fibo as shown on the chart and downtrend again resumed. 3. A symmetrical...
This is weekly chart of CIPLA on NSE (INDIA) with CMP @ 529.95. Observations are as follows: 1. A trendline has been drawn which has been tested as support at multiple occasions as indicated by arrows on the chart. 2. Current week bearish candle (yet not closed) has large body with huge surge in volume and hence possibility of its decisive downside breakout can't...
This is weekly chart of MINDTREE (CMP @ 834.60) on NSE (INDIA) which looks good for a long trade based on following observations on the chart: 1. A horizontal line drawn on the chart has acted as resistance during April 2015 to Jan 2018 till price broke out of it on 19th Feb 2018 (marked by arrows). Now, the resistance line has turned into support as indicated on...