Char pattern and levels mentioned in chart. Follow strict risk management.
Chart pattern and levels mentioned in chart. Follow strict risk management.
Levels and patterns mentioned in chart. Follow strict risk management.
Newgen software is trading in a narrow range since almost 2 months, after a strong up rally. Gave a fake breakdown of support zone last week. Today closed near the resistance zone. Can be good long trade if it manages to close above this range. Levels mentioned in chart. Follow strict risk management.
Jindal poly has given a highest closing with good volume. Took a good support at the zone of previous resistance. Also broke recent range movement and closed high. Looks good intraday trade above yesterday’s day’s high. Levels mentioned in chart. Follow strict risk management.
CDSL is trading at important resistance level. After a previous rally stock has been in retracement and consolidation phase with dried up volumes and has taken a nice support at important TL. Now it has Closed above a good resistance zone in last two trading sessions with increasing volumes. Can be a good swing or positional opportunity. Follow strict risk management.
Icici bank reached the positional target of the ideal cup and handle pattern. Made a pullback to previous resistance break out, and then gave good move yesterday to complete the pattern. Visit previous chart in the link below.
Sbi cards and payments is trading near its all time high resistance level. Trying to break this level on multiple times. Forming multiple rounding bottoms while testing this zone. Breakout and closing above this level can be good swing or positional opportunity. Follow strict risk management.
Uflex is making an inverted head and shoulder pattern. Closed near the neckline of the pattern today. Can be a good long trade above the resistance. Levels mentioned in chart. Follow strict risk management.
PSP projects gave a strong weekly closing with explosive volumes. Approaching a strong weekly trendline running since long. Can be a good potential swing long trade above 531 on closing basis. Follow a strict risk management.
Chola finance closed good above all time high level. Was trading in a range for a while and attempted on multiple time to break the resistance. Today it gave good closing above the resistance level. Can be good intraday as well as swing long opportunity in this. Please follow strict risk management.
Naukri moved more than 15% in last few sessions after it gave good breakout of a strong resistance with volumes recently. When a stock breaks out a strong resistance level with good volume specially after some consolidation near that resistance, it usually maintains its momentum for few trading sessions. Visit previous chart in the link below.
Fine organic has been consolidating at support for a while with dried up volumes and yesterday it gave good trendline breakout with good volume. Above 3100 level this can give a good swing long opportunity. Previous trendline breakout followed by good volume buildup near resistance gave a good rally. Follow strict risk management.
LTI chart followed the expected pattern beautifully. After a strong resistance breakout with volume it reached the target , which is the height of the broken range or the cup in a cup and handle pattern as mentioned in previous chart. Visit previous chart in the link below to understand the importance of support and resistance zone where buying and selling...
LTI gave nice move following a breakout of a strong resistance and almost reached a target (Height of the range or the cup in a cup and handle pattern ). Visit previous chart in the link below for understanding the importance of buying and selling zone and how a strong resistance once broken with good momentum can act as a future support zone.
Naukri closed strongly above daily resistance zone and gave highest closing with good volume. Good for intraday above 5800 and safer above 5880 which is all time high level. Follow strict risk management.
VBL has taken a good support at previously broken resistance and 61.8% retracement after previous rally. Closed at high in last trading session with relatively good volume. Can be good long intraday and swing trade above 810. Follow strict risk management.
Emami is trading in a channel pattern with good respect to both trend lines. Also closed at the previous weekly resistance. Can be good intraday as well as swing opportunity above 600 level. Follow strict risk management.