MoneyManBala

MoneyManBala

INDIAN HOTELS has been consolidating in a parallel channel since the last few months (Oct 2021). It gave a breakout from this channel with good volumes and seems to have re-tested the same. A close above 224.20 & 237.40 will prepare the same for further upmove. The move also seems to be coinciding with easing of restrictions, all cities opening up and trying to...

MoneyManBala

CROMPTON GREAVES seems to have exited downwards from a parallel channel of many many months (that it had entered in Dec 2020). Other indicators are also looking downwards. Key retracement levels of the price move from 177.30 to 456 are: 38.2% : 349.55 50% : 316.65 61.8% : 283.75 Supertrend will turn negative if price breaks 392.92 levels. Last swing low (on...

MoneyManBala

ESCORTS monthly chart indicates that the price has gone out of the upper Bollinger Band. When a reversal candle is formed and the price comes back into the band, usually, it retracts to the midline (which is at 1390 levels). This is called a BB trap. A reversal candle can also be seen and the price has also come back into the band. RSI is at overbought...

MoneyManBala

BANK OF BARODA has given a breakout from a parallel channel supported by good volumes. All other indicators also look like supporting a good move. Recently, the bank had posted very good results. If breakout is successful, then the stock can see much higher levels as indicated in the chart. DISCLAIMER: This idea is published for educational purposes only. This...

MoneyManBala

HINDCOPPER is giving a breakout from a triangle formation. Volumes also increased very well. Looks like a long trade from current levels with next targets as marked. DISCLAIMER: this is not a recommendation to trade in this stock. It is just an idea for educational purposes. Take any trade with your own research and at your own responsibility.

MoneyManBala

RPOWER has given a breakout of a triangle with good volumes. All other indicators are also looking good. There seems to be a minor resistance at 18.35. Once this is cleared, the stock can touch higher targets as indicated in the chart. DISCLAIMER: this idea is published for educational purposes only. this is not a recommendation to trade. Kindly do your own...

MoneyManBala

CHAMBAL FERTILISER - Had given a breakout from a multi-week triangle pattern and seems like it has re-tested the same. - Has taken good support from pivot levels - reversal candles formed at re-test levels today Looks like a good long trade is in formation. DISCLAIMER : This idea-sharing is for educational purposes only and does not constitute any advice....

MoneyManBala

SUZLON is in the process of giving some key breakouts...looks like a great long trade could be in the making. all key levels marked in the chart for study purpose. NOTE: this is only for study and analysis purposes. This is not an investment recommendation.

MoneyManBala

DEEPAKFERT chart looking very good....has given a super, multi-year breakout....rally from current price could lead to levels of 840 & 950. Technical Charts show multiple confirmations. Note: chart just for study. This is NOT an investment recommendation.

MoneyManBala

What do you feel will happen to Banknifty from here onwards?