LearnersParadise

LearnersParadise

I tried my best to plot things clearly on chart. Still let me try to explain as much I could:- Level marked with red zone was a support when price was and once price broke down it started acting as resistance. Price has already touched this resistance quite a few times in a span of around 11 months. Finally price is not going down and sticking to the resistance...

LearnersParadise

Levels of 520 has been tested 4-5 times already which makes the resistance weak. A consolidation near the highs give a little more confidence that this stock can go higher as price is sticking to the higher levels. We will keep targets small for the beginning (Marked the smallest target with green line.) Keep an eye folks . Cheers and Happy Trading. Wish you all...

LearnersParadise

First of all Sorry for not plotting fancy and colorful things. I am posting this chart in a hurry. I won't be posting any chart for next 10 days. We will start again soon.... Few things that are important in chart that this consolidation is pretty long and might take this stock at higher levels once it breks. 1st view:- Chart has been moving in a channel for a...

LearnersParadise

After a long consolidation cipla is giving out a breakout from a box pattern where it has already tested its resistance 4-5 times and finally a breakout above the resistance might push this stock to much higher levels. Target should be the difference of the box. (Marked with green). Keep an eye folks. Cheers and Happy Trading.

LearnersParadise

One of my favorite stocks. Do not know why but always find this one interesting and this stock has never left me empty handed either in intraday or in swing. Lets look at some views now. Weekly Chart Pattern View:- An ascending triangle in the formation and stock has been making higher lows beautifully riding on a trendline. Price Action View:- A clear fall...

LearnersParadise

This stock has been in a downtrend since it was listed. Do not know the reason why but now it is reversing with multiple indications. 1st view of breaking trendline:- Multiple rejections from the trendline and finally broke the downtrend after a long long time. 2nd View of a chart pattern:- A inverse head and shoulders pattern has also been broken...

LearnersParadise

Colpal is testing the higher levels again and again and it is kind of simple breakout with no complications in it. From the bottom is has been making higher lows and probably continue to do so. Only thing that we have to lookout is how does it break the resistance. It needs to halt for a while before going out for next move. If it does not halt and keep going up...

LearnersParadise

A great symmetrical triangle in the formation and stock is slowly hitting upper end of the triangle. It has already tested the upper band quite a few times. Volumes near the upper band is also increasing and the consolidation is giving some confidence that this stock can fly high. A break above 400 levels should push this stock to much higher levels. Nothing much...

LearnersParadise

A fundamental pick by a person who I admire, who made me look at various directions, who taught me a lot and who is helping me to be a better trader. Finally my technical is matching and now I know his insight. Let's understand now what is happening. This stock broke resistance of 1000 (a psychological one) along with horizontal resistance which it has also...

LearnersParadise

We can clearly see in this chart that it has been respecting a longer term trendline (Weekly). Already tested it multiple times and finally breaking out after a halt near the trendline. Some key points to learn:- 1) Breaking out after a halt near the trendline. 2) Breaking horizontal resistance too which is exactly at the breakout of trendline. 3) Breaking a...

LearnersParadise

Tcs has been silent for quite some time now. Reason was Banknifty pumping up. Now bank nifty is halting so some other sector has to go up if nifty needs to go and sustain above 13150 and at higher levels. Let me show the chart of IT index. As per the chart it is visible that NIFTY IT index is slowly and gradually picking some momentum. It has broke a triangle...

LearnersParadise

Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen. Target is as usual difference of the box which i have marked with green marking. I have already posted some charts in same...

LearnersParadise

Bajaj Auto is one of the renowned names in 2 wheelers segment. If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times. Even in Monthly chart signs of...

LearnersParadise

This stock has been consolidating since long long long longgggggg time. Interestingly even when nifty regained itself at top but this stock is still fishing at bottom so question is why this stock suddenly? Let me show you something in weekly chart. Just look at those goddamn volumes which is being generated right now. In whole chart of weekly we can hardly...

LearnersParadise

This stock is very interesting for me. Why? Let me explain Let's start with monthly chart. Last time it touched 200 level it bounced back like anything and again it touched level of 200 and this time also it failed to break those level and more interestingly it created a W pattern with Double bottom in longer term as well. Let's look at weekly chart now. A...

LearnersParadise

This Stock has been consolidating near it's high's since July and created a box in simple terms and in other terms created a DARVAS BOX. Weekly Chart For the reference. If we look at daily charts it has been visible that since past few swings it is trying to make higher lows. and along with it if we look at today's volume it is very much visible that volume is...

LearnersParadise

Metropolis has been making a series of higher low while taking support at the trendline. I have marked higher lows for the reference as well. Upper line of triangle has already been tested 5 times.As per the concept every test makes resistance weaker and weaker. Levels are plotted on charts. Keep an eye folks. Cheers and Happy Trading. Disclaimer:- I am not SEBI...

LearnersParadise

Looking at charts of Amarajabat made me a bit of excited and it can be a investment opportunity as well. This stock has created a flag in Monthly chart and once it breaks and closes above the flag comfortably it can open doors for future multibagger to be. But do not jump into the trade blindly first examine the charts of daily and weekly too before...