IDFC First Bank Ltd. Keeping short term positive move intact, the price faced resistance from 28 price. Price presently consolidating within 28 as a resistance and a 17.65 as support. A breakout above 28 level might extend this short term bullish move. 22.20 can consider as immediate support. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
Sundaram Finance Ltd. The stock is consolidating in a symmetrical triangle pattern in the daily chart. It is likely to see breakout either side of the range 1190-1290. Technical parameters look neutral. ****TRADINGEDGE TIME-TREND IS BEARISH**** ****TRADINGEDGE BANDS ARE IN RED-ZONE**** I personally might look for a shorting opportunity. Once the prices break...
IGL The stock has taken resistance from the trendline and has closed in an NR4 formation. RSI is neutral. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** As per NR4 strategy, if the prices gives a breakout above today's high 472, the price will swifty move up. Next strong resistance is at 495. And if the prices breakdown...
CADILAHC Cadila Healthcare Limited is trading on the verge of 374 resistance breakout. RSI represents a strong up-trend. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** Once the prices breakout above 375, we might a strong momentum. The next strong resistance is at 412 & 425. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
Coal India Ltd. has made a Cup and handle pattern. A Breakout is expected only above 152.50 levels. A fresh upmove towards 162 173 180 levels can be witnessed provided it does not go below 138 levels. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
IndusInd Bank Ltd. The stock price is maintaining a positive bias and is trading in an NR7 narrow range. Technically 478-481 needs to be considered as an immediate support zone for the price. Breakout and sustainable trading above the supply zone, the stock has the possibility to extend underlying short term bullish bias. The price might test 490 - 500 - 510-...
YES Bank Ltd. Maintaining an underlying main downtrend, the price is showing a marginal positive bias. RSI is moving up from 40 level. ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** ***TE BANDS ARE IN RED ZONE*** Breakout & sustainable trading above 32 can increase short term bullish sentiment. Closing below 5 MA: 28 may increase short term weakness and...
DRREDDY The stock closed at the resistance level and at 52 weeks high. VOLUME is High. RSI represents an uptrend. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** If price trades above 4142 level, the breakout is expected. Personally, I am expecting a 3-4% move if it breaks the resistance.. KEEP AN EYE!!...
MCDOWELL_N United Spirits Limited has closed at the Resistance level and has formed W-pattern. RSI has taken support from 60 level, hence represents an uptrend. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** If the price trades above 620 level, the next resistance is 650. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
ICICIGI ICICI Lombard General Insurance Company Limited is trading in a narrow range in a symmetrical triangle. RSI shows an uptrend. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** If the price gives a breakout, we might see 1340, 1375, and 1440. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
BALKRISHNA INDS BALKRISIND has given a breakout above the resistance 1166. RSI is still above 60. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** If the price breaks the trendline, we might see a swift move to 1275. However, when observed closely, I can notice a mild divergence in RSI, may be due to the big red candle formed...
INDIABULLS HOUSING The stock has given a breakout from the resistance (135.25) & has closed above the rising channel as well. RSI shows strong UPTREND. ****TRADINGEDGE TIME-TREND INDICATOR has changed to BULLISH*** Once the price breaks 153, the next resistance is 165 and then 181.5. KEEP AN EYE!! #tradingedge_academy #SMTA_institute ***this is my personal...
NMDC Ltd. The stock formed a weak candle right at 100 SMA and at 38.2% FIB Level. RSI IS IN STRENGTH ZONE ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** ***TE BANDS ARE IN RED ZONE*** I belief that the weakness is likely to get extended below 89-90 level. 85.5 is the nearby support followed by 83. KEEP AN EYE!! #tradingedge_academy...
Birla Corporation Ltd. The stock is consolidating in a pennant pattern and momentum breakout to take place above swing high of 580 levels. RSI shows uptrend. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** Above 580, the next resistance is 50% Fib Level (588). The support is 492. kEEP AN EYE!! #tradingedge_academy #SMTA_institute
HDFC Bank Ltd. In the Daily Chart, the stock has managed to close above 50% FIB Level. If the price trades above yesterday high of 1042, the next resistance is 1065 and then 1090. Below 991, the stock might show some bearishness. KEEP AN EYE!! #tradingedge_academy #SMTA_institute ***this is my personal view. Please take advice from your financial advisor...
Hindalco Industries Ltd. The stock closed above the resistance level and above 100 day SMA. RSI is bullish. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** If the price trades above 151 level, the next resistance is 200 day SMA(171). The support is 132 on the Daily chart. #tradingedge_academy #SMTA_institute ***this is my...
Shriram Transport Finance Company Ltd. The stock closed with-in the Inside Bar pattern and faced resistance from the 50 day SMA. RSI is Neutral. ****TE MAJOR BANDS are BEARISH**** If the price trades above Inside Bar 641, the next resistance is 720. If the price trades below Inside bar 597, the nearby support is 532 on the Daily Chart. #tradingedge_academy...
BIRLASOFT (INDIA) LTD BSOFT gave a breakout above the SUPPLY ZONE in the Hourly chart and had faced some resistance from the top. RSI is still Bullish. ****TE BANDS are BULLISH**** Once it brakes the high of the last day, the stock will swiftly move to 86.40. Next Resistance - 86.5 & 91 Nearby Support - 79 #tradingedge_academy #SMTA_institute ***this is my...