Kalyan_Mukherjee

Kalyan_Mukherjee

Larsen & Toubro, on a monthly chart, started a bull run from price level of 800 to 3600 with few retracement and consolidation in between. Now on monthly chart a shooting star has formed and the next candle has closed below the shooting star. Now this indicate a retracement in price. According to Fibonacci retracement, the important level in lower side is 3000 and...

Kalyan_Mukherjee

After a bull run from the price level of 1331 to 2100, TVS Motors is now consolidating in a narrow range and still could not break the support price of 1930 on daily chart. However, the RSI indicator is continuously declining from the over bought zone to the Middle band. These types of contradictory behavior between chart and RSI indicates a probable downward...

Kalyan_Mukherjee

After breaking out of a descending channel Ambuja Cement has now constructed ascending channel on daily chart. In most cases these type of channels break down in lower levels at the end. However for a breakdown the stock needs to break 540 level convincingly. Now traders may wait for a break in either side for a successful trade.

Kalyan_Mukherjee

After recovering from 2020 Corona crisis, It has been a fairy tale for Escort. The big rally from 1500 has now extended to 3000 and still on. However traders are advised not to chase the rabbit and rather wait for the proper opportunity. Lets find whats the chart is saying now. Currently Escort Kubota price levels are respecting a long horizontal channel in...

Kalyan_Mukherjee

After making a triple top at 900 level, eventually Bharti Airtel had broken out of the barrier for a higher price level. But it had to retest the 900 support atleast once and thats how its shaping now. Investors may watch out whether the level is broken again or its bouncing out of it. In both cases, thats a opportunity.

Kalyan_Mukherjee

A rising wage has been formed on the Affle India Ltd. daily chart. Price has been continuously bouncing between the two lines of the wage for past few months. Now A trader must not spoil such a opportunity of break out of this kind of price action pattern. A high possibility that price will either break out 1200 level or break down from the 1100 level in either...

Kalyan_Mukherjee

Biocon has created an ascending wage in daily chart, which , may have been inching towards a very near upside break out soon. Generally these kind of patterns are continuation pattern and by break out, it continues towards its upside path. However any breakout should be confirmed with technical indicators before entry. For more clarity Biocon should cross 280...

Kalyan_Mukherjee

Eicher motors, after completing a head and shoulders pattern on daily chart, now on its way to create an expanding and ascending channel. Presently a trader can catch the movement upto its upper channel wall. i.e upto approax 3600 price level, after which , it may return to the lower channel wall to 3400 price level. However this is not a trading recommendation...

Kalyan_Mukherjee

A descending channel is being formed in Ambuja Cement Daily Chart. Though this is a early stage of the channel, usually these kinds of descending channels breaks out upside. But before trade entry, needs to confirm with other technical indicators too. For a more clear indication, price needs to cross 450 with a good volume.