Following are the observations in IDFCFIRSTB :
1. Broke trend line resistance
2. Broke horizontal resistance
3. In another view, it also broke double bottom chart pattern
4. Volume recorded is also good
Point of concern : SMA 200 is the immediate resistance.
Area of accumulation - 51₹ - 53₹
NSE:IFBIND broke a minor consolidation zone and is heading for a target of 1500.
Area of entry would be in between 1250 - 1300 and Stop loss can be 1100
1. Huge Volume on Breakout
2. No Major Resistance until 1500
NSE:SHOPERSTOP broke the rising channel which was acting as resistance till now. The volume which got registered today is its lifetime high volume. Good pick for longterm. One can accumulate in between 300 - 334
NSE:SHAKTIPUMP Broke above the longterm resistance level 750-770 level on 14th October with an exceptional volume. The stock has revisited the said zone in the last two days and withstood it. Idea is to go long here with 680 as SL and 880 as Target for short term
NSE:MMTC broke the long-term resistance level 47.5 which it was trying to break since AUG 2021. You may give any name to the pattern, but one thing is sure that it entered bullish territory. Volume registered today is also extremely good.
NSE:TIINDIA has just taken a support near ichimoku cloud. RSI Hidden Bullish Divergence is also visible on the price chart with good amount of volume. Stay long for a 10% upside with an SL near 1240
A Bullish Harami Candlestick pattern can also be seen on 7 Oct 2021 along with a confirmation candle on 8 Oct 2021
1. NSE:BERGEPAINT is in a falling channel on Daily Time Frame
2. Double Top formation on 30 Min Timeframe with 811 as neckline
3. 820CE has the highest OI and change in OI
4. Currently stock is near supply zone
5. The rise in price yesterday was just a short covering as per order flow analysis
6. RSI Bearish Hidden Divergence on Daily Timeframe
Initiate a sell...