Looking at price and volume action it can be assumed that someone is making entry into stock. Price was on rapid drop while first hammer shape candle has formed in downtrend. This could be first attempt to observe the supply available in stock, as stock is in previous strong demand zone therefore high chances that any available supply will be consumed looking at...
Good buying has happened in BIOCON since last two days with stock in previously created supported zone. Per VSA this could be a turning point for the stock if demand increase in coming days or weeks. Good to add to watchlist.
Stock Rising along ascending triangle and may further test previously created resistance. Good for swing and breakout trade in coming days.
ESCORTS is moving along ascending triangle and can soon give breakout. Can be added to watchlist.
FINCABLES is moving along ascending trendline and may re-test ATH soon. Ascending Triangle pattern is forming on weekly TF.
NBCC is showing signs of possible reversal as stock has made higher low with significant volume and bullish candle near previous support zone. There is possibilities someone has made entry at previous fair price of the stock.
Stock has been caught in scanner which looks for stock which are in downtrend from last 24 months and suddenly pulling lot of buying interest. Then buying levels are auto generated basis previous price action. These stocks can be added to watchlist on monthly basis and entry can be made if price revisit highlighted price levels.
Stock is showing signs of reversal with volume spike at bottom of downtrend.
Extensive support between 3588-3387 levels whereas 3879 is working as strong resistance. Support is holding would resistance hold it this time?
Stock is forming strong support levels by converting previous resistance created through supply points. As price is moving up and then halting for days is forming a pattern in stock.
Price is rising along upward trendline and reaching strong resistance level. As price will squeeze there could be breakout in coming days.
Price rising along weekly trendline and may soon test 200 again as it was rejected on last try. 200 would be strong resistance as volume is quite for rejection.
Stock has shown bullish candle along with volume expansion and approaching long time resistance. There could be a retest of resistance level and breakout in coming trading sessions.
Stock has cleared out previous supply zone with successful retest and bullish candle supported by volume expansion.
Stock making return on RS scale against Nifty50 and soon may test previously created resistance zone of 1836 - 1895. Any breakout above resistance zone could lead to fresh up run in stock. Stock is fundamentally good therefore entry can be made on dips.
MOIL is making nice pattern on weekly time frame. Stock is slowly gaining strength against Nifty50 and rising while making long rounding bottom spread across multi year. Looking at current price structure stock may test long time resistance of 214 soon and can break it for further up run.
TCS is floating above important resistance of 3280 and showing positive crossover in RS against NIFTY. As stock was in range from months current price setup indicates that further upside can be seen in stock from here onwards.
Good fundamental stock giving breakout through resistance level being tested out from more then week. Wait for 1 or 2 candles to see if someone is no dumping batches bought at lower levels.