Indieconomic

Indieconomic Oct 4, 2022

Both the index are at crucial level, after a long run, index rejected from resistance & currently attempted to retrenched from 50% of Fibonacci. If the resistance violated, expect a home run or if index fails to break the resistance level, we may expect a fall or consolidation phase. Nifty Bank Thanks -AJ

Indieconomic Sep 10, 2022

In weekly chart, the price moving in channel and set up is very positive for breakout, further analysis in 2D & ID time frame as mentioned below. 2D: the price breaks the trendline and supported by volume. 1D: price closes over ema 200 and higher high volume in past 3 trading session. ENTRY ABOVE RS 2500 WITH STOP LOSS 2380 TARGET T1 & T2 ...

Indieconomic Aug 30, 2022

The stock analysed in multiple timeframes and parameter. Pole & Flag : the inverse hammer candle follows with bullish candle, indicated the momentum in stock and today’s Pole and Flag breakout confirmed the bullishness in stock. Channel Pattern : the price was moving upward and in parallel channel, and supply zone did not sustain the demand & resistance...

Indieconomic Aug 4, 2022

The chart is self explanatory with logic, target and stop loss. Thanks -AJ

Indieconomic Jul 29, 2022

The chart is self explanatory with logic. -stock follow a similar pattern in breakout i.e. descending triangle; -taken a support at EMA 200 and retrenched from fib 50%; -breakout after good consolidation and with volume. Thanks

Indieconomic Jul 18, 2022

The price was range bound, downward trend reversed from base level. Multiple factor to accumulate for expected return of 15-20%. Thanks

Indieconomic Jul 8, 2022

The stock analysed in multiple time frames and self explanatory with target & stop loss. 2D: Falling Breakout with Volume Moving Average: Price above EMA 20,50 and 200 Thanks -AJ

Indieconomic Jun 9, 2022

The chart is self explanatory with structure, entry, exit and stop loss. Thanks

Indieconomic Jun 1, 2022

The stock is fundamentally sound with growth and earning perspective. The previous year results were excellent with good management commentary. After a listing gain, the structure of chart becomes bearish as Lower High – Lower Low. The price was moving in symmetrical triangle but respected the listed price of Aug’21. The positive buying seen in stock in the...

Indieconomic May 31, 2022

The falling channel breakout observed in stock. The level of Rs 1428 will be a key resistance level, if price surpass that level then have a potential of further upside of 20-25%. Level marked in chart and stop loss will be below Rs 1270. Key Points: - Falling Channel : Price was making lower low in channel and pattern break with upside movement. - Volume...

Indieconomic May 21, 2022

In past two years , the stock has given a multiple breakout and return of 150%. The breakout were explained in chart 1) Falling Channel Breakout 2) Cup & Handle Breakout 3) Rounding Bottom Neckline In current price structure, after making a all time high, the price retrenchment to 50% and from that level price move upward with higher high pattern formation. In...

Indieconomic May 6, 2022

Nifty Energy: The index in continuous uptrend, retrenchment will give an opportunity to accumulate stock as mentioned below. RELIANCE: The low of 18-04-22 weekly bullish candle i.e. Rs 2500 will be a critical level. Any reversal candle the same level will be opportunity to accumulate, otherwise simply avoid. TATAPOWER: Since Jun’20, the price has not...

Indieconomic May 2, 2022

The chart analysed on following points : - Price Structure : The stock has seen a sharp correction in downward parallel channel and currently hovering around resistance with Higher High (2D) and rising volume. - RSI is near to 60 level - Above EMA 20 & 50 but below EMA 200. The correct entry will be resistance breakout and price above 200 EMA. - Hidden...

Indieconomic Apr 22, 2022

Daily Time Frame: The price has given a symmetrical triangle breakout with huge volume 15 min Time Frame: Cup & Handle Breakout clearly visible in shorter frame Continuous Support at moving average of 20 & 50 Entry above Rs 780 ; Stop Loss Rs 630 ; Target Rs 1040 & Rs 1195 Disclaimer : Trade cautiously as price surge may be due to company board...

Indieconomic Apr 21, 2022

The stock has given a multiple signal for potential breakout. a) Similar Falling Parallel Channel pattern before breakout b) Retest Confirmation c) Price above moving average d) Head and Shoulder Pattern ENTRY ABOVE RS 515 , STOP LOSS BELOW RS 480 AND TARGET T1 & T2 Thanks

Indieconomic Apr 18, 2022

The stock has given a multiple year resistance breakout. The chart is self explanatory.

Indieconomic Apr 8, 2022

The chart is self explanatory. 1D Time Frame :

Indieconomic Apr 7, 2022

The sector is positive and the stock has given a channel breakout. Entry at Current Level ; Stop Loss Below Rs 2119 ; Target T1, T2 , T3 Thanks