Kuldeep_Soni

Kuldeep_Soni

Tata Steel BSL Ltd.: Triangle Breakout 1. Stock has given breakout from descending triangle pattern, 2. Volume receded considerably during consolidation phase & Heavy Volume is observed at breakout, 3. Moving averages indicating initiation of uptrend! Considering above facts one can buy at CMP (96.85) with price target of 106 (according to measure rules of...

Kuldeep_Soni

1. Stock has given breakout from descending triangle pattern, 2. RSI is above 50, 3. Fibonacci level of 0.382 (210.25) confluences with fixed range volume profile’s Point of Control Line (marked with red) which should act as 1st support from now onwards, 4. Moving averages indicating initiation of uptrend! Considering above facts and the way stock has...

Kuldeep_Soni

1. Stock has given breakout from its minor resistance of 682 – 689, 2. RSI is above 50, 3. SuperTrend has turned positive, 4. Price has closed above 8 days EMA, & 5. More importantly stock has not given close below its strong weekly support of 651 since Apr’21. Considering these facts, one can buy at CMP 1st Target: 717 – 722 2nd Target: 756 3rd Target: 861...

Kuldeep_Soni

Observations: 1. Stock has given breakout after forming CUP & HANDLE reversal pattern. 2. Fibonacci level of 0.5 (7293.40) has given breakout which will act as support as per Principle of Polarity. 3. Strong volumes has seen near breakout zone. 4. Short term EMAs suggest uptrend. 5. RSI has moved above 50 which shows strength in stock. Considering above,...

Kuldeep_Soni

Stock of Reliance Industries has formed FLAG PATTERN which suggest uptrend is still intact & price will move further up!!! Here is few information about FLAG PATTERN: What is Flag? 1. After sharp rally, price moves in fixed parallel price range. 2. Generally, flags are few days to 3 weeks long. 3. Volume should be higher at starting point of flag & later it...

Kuldeep_Soni Updated 

Buy around 191 - 195 TGT: 230 SL: 181 RR: 1:3

Kuldeep_Soni Updated 

Reversal Pattern Spotted: Adam & Eve Double Bottom Can go upto 226 - 230 levels.

Kuldeep_Soni Updated 

Buy around 825 - 830 TGT: 867 SL: 798 RR: 1:3

Kuldeep_Soni

Observations: 1) Weekly chart has formed Inverted - Complex Head & shoulders pattern (I.H.S.) 2) Price has given breakout from neckline of I.H.S. 3) Fibonacci levels are also in line with neckline of I.H.S. which makes neckline more reliable. Considering above, it will be wise for an investor to jump into this stock with long term view. Stock must not break...

Kuldeep_Soni

Observations: 1) Stock has broke its resistance zone of 82 - 84. 2) Fixed range volume profile shows that in rally from 63.05 to 84.75, most of shares exchanged hands around 81.80 level. 3) Combining both observations, we can expect previous resistance zone of 82 - 84 should now act as strong support zone. However, trader should not forget volatility of this...

Kuldeep_Soni

Stock has sustained above Fibonacci Level of 30.75 & Support Zone of 30.15 - 30.80 Considering above facts, Buy between 30.75 - 31.50 TGT: 35.80 SL: 29.40 RR: 1:3 Disclaimer: This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.

Kuldeep_Soni

Big Boy of Indian Stock Market has given breakout from its most important resistance which was intact since 15/10/2020. Buy between 2227 - 2240 TGT: 2390 SL: 2173 RR: 1:3 Disclaimer: This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.

Kuldeep_Soni

Descending Triangle Pattern has been formed & volume has supported as well. Moreover, stock has given breakout from its resistance zone of 148 - 150. Considering above facts, buy between 153 - 155 TGT: 180 SL: 144 RR: 1:3 Disclaimer: This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.

Kuldeep_Soni

Buy around 20 - 21 TGT: 26 SL: 19 RR: 1:3

Kuldeep_Soni

Buy if price sustains around 120 - 123 Target: 139 Stop Loss: 115 Risk Reward: 1:3

Kuldeep_Soni

Flag pattern has been spotted with volume pattern supporting as well. Buy around 1,247 - 1,260 Stop Loss: 1,208 Target: 1,378 Risk Reward: 1:3

Kuldeep_Soni

Since support level of 583 - 608 price zones, it is clearly seen that how resistance becomes support when price tends to move upwards. Considering today's breakout, further positive price movement can be expected provided support zone 1 remains intact. This chart is showing an excellent example of Support & Resistance Zones. Happy Learning!

Kuldeep_Soni

If price sustains above 2231 Levels, then one can take "LONG" position SL: 2101 TGT: 2455 R-R: 1.7