IamGeorgy

IamGeorgy Updated 

Currently price is testing a long term support/resistance region. Fib retracement drawn between Swing low on Feb 1st and Swing high march 9th, it says ABFRL can reach 205 and 223 soon. Positive news attached : Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday reported earnings before interest, tax, depreciation and amortisation (EBITDA) at Rs 253 crore in Q4...

IamGeorgy

Castrol India has been respecting these trend-lines since 2007 August, when it began its journey. Now we can see a clear breakout, but it is respecting the 50 EMA and hence it might retest the breakout level. If so, enter at this pullback with minimum stop loss and ride the trend. It is in monthly timeframe. So after an initial leap, the growth might be slow....

IamGeorgy

Tata chemicals had a bullish pennant pattern. Trend lines of pennants eventually converge forming a triangle. Breaking-out the upper trend-line and it took a pullback to the key resistance which became the support zone now. IF IT BOUNCES BACK FROM THIS SUPPORT ZONE, then it can be considered for a swing trade, keeping the stop loss below this zone. Aim the next...

IamGeorgy

In weekly charts, a trend-line can be drawn if you connect the highs of 22nd January 2018 and 20th May 2019. This trend-line was resisting, but in daily charts, it was forming an inverse head and shoulders pattern since 25th February 2021 and it broke the above mentioned longterm trend-line on June 3rd. But now it is retesting the same levels after this breakout....

IamGeorgy Updated 

Suzlon Energy Ltd has been always trading under 200 EMA in Weekly chart, but now it is facing some resistance because of it and also because of support/resistance zone valid since 2018. Last traded price is 7.35 and the 52 week high is 8.45. If it crosses these, expect strong pull back too. But you may enter after this pullback for short term, following the...

IamGeorgy Updated 

Nifty Metal sector index has been in a parallel channel since 2020 March-April. On 29th April 2021, it broke out of the parallel channel, but retested the same levels by forming a cup and handle pattern. This cup and handle pattern also seems to be broken on 11th June 2021. Which signals bullishness in Nifty Metal stocks. Analyse Nifty Metal stocks individually...

IamGeorgy Updated 

There is a trend line connecting October 21st 2020 and 19th March 2021. If you extend it, we can see it has supported the current retracement from 7th May 2021. According to the fib retracement levels, entry is above 652 . First and second targets are 670 and 690 respectively. (Though Tata Consumer Products declined 6% on weak operational performance in Q4,...

IamGeorgy

(Fibonacci retracement in weekly chart of BURGERKING, from swing low of 14th Dec 2020 to Swing high of 17th December 2020.) It is retracing after making a dip around 0.786 region (120-130 INR) and has crossed 0.618 region (148.5 INR). It might speed up again above 157-159 region. Maintain strict stop loss below this 0.618 region. You may hold the trade up until...

IamGeorgy Updated 

There was a rounding bottom pattern in Religare and it was bullish because of it. Now it will probably consolidate between this new support region and a historically important price range. (104-117 region). Afterwards, it can break this range and go up at least till 175-180 region. See the screenshot below, analyse on your own and let me know your thoughts.

IamGeorgy Updated 

The 2 resistance/support zones which became valid in January 2020 (before the pandemic fall) and the 'trend based fib extension' levels points that, Jindal Saw can grow more. Above 103, it can go up 8.54% ie till 111.8. Place the stop loss at 95.5. Positive news attached : "Jindal Saw Ltd reported 30.43% yoy growth in consolidated revenues for the Mar-21 quarter...

IamGeorgy

There is a 'Head and Shoulders pattern visible in Bank Nifty in confluence (which joins) with the lower trend line of a rising wedge. All the major banking stocks either went sideways or showed bearishness on June 1st 2021 too. Hence below 35420, Bank Nifty might be bearish. PS: I am not a SEBI registered advisor. Enter or exit in trades after reaching out to...

IamGeorgy

The fib retracement drawn between the low on 19th April’21 and hight on 10th May’21 says it can retrace to 135 and then 150 levels. But now it has formed a Tweezer Top pattern in the daily charts . Levels to watch out for are 121.05 and 113.35-116.5, which are respected since 2007 and 2011 respectively. If they are breached downwards then those who are holding...

IamGeorgy

There is a rounding bottom pattern which is clearly visible in the weekly chart of MCDHOLDING, and it is about to be broken. Positional or short term swing traders can engage. If breached above 57.30, a stop loss below the levels which have been respected since 2008 would do the trick. PS: I am not a SEBI registered advisor. Invest only after consulting with...

IamGeorgy Updated 

On 31st' May, PNBGILTS gained 6.4%. Now it is close to its all time high, which is 64.75. Post this region, it might gain a bit more. Keep the stop loss at least below the support region which is respected since 2017 or to be safe, below 56.8 which is below the gap between 'Rising window' candles. (Cross reference with the chart) PS: All the PNB stocks seem to be...

IamGeorgy

Apollo Tyre has again reached historically important levels. Fib retracement is between swing low on Jan 18th and Swing high on March 4th. Aggressive traders can enter above 228. The best next opportunity is above 232, where it can even pull back at least once. Targets are 240 and 260 respectively. News attached : Tyre prices set to increase due to rising input...

IamGeorgy

The latest retracement (ie from 3rd week of April'21 till 4th week of May'21) is very bullish. Right now it is in its long term support/resistance zone from early 2016. Above it there is another such possible resistance region which has relevance since 2019. It can consolidate between these regions and make a break out. Since there is positive news in market that...