Mukadam

Mukadam Updated 

The Daily Candle on Nifty on friday was bearish forming a double top with a high at 22775. This is now resistance. Support is at 22100 and above the channel bottom. All stocks were trashed as Nifty formed resistance. Be stock specific, sometime, these kind of days will give good opportunity to enter stocks at 3 to 5% lesser which have inherent positive trend but...

Mukadam Updated 

The stock has a breakout, with above average volumes, stoploss at 3535 moving towards the channel top at 4220. Disclosure: i hold the stock and this is not a recommendation. This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor. This is purely a technical chart observation, please check the...

Mukadam Updated 

Praj Industries has found support at horizontal/sloping trendline @448 plus a positive divergence formed on RSI with high volumes. Its floating just above the resistance zone @525. This looks very bullish to me from here for targets of 596,649,699 over the next 1,2,3 months. Disclosure: i hold the stock bought over last year. This is charted for my own benefit...

Mukadam Updated 

Its attempting a Breakout, volumes are ok but not very high as expected on a breakout, lets see if it holds? Not confirmed 100%, say 75%, I will update if i get time. Disclosure: i hold the stock bought over last year. This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor. This is purely a technical...

Mukadam Updated 

Nifty50 has reversed from channel top and broken short-term trend-line (shown in blue), also closed below the double top breakout @22525 its lower range is 22500 any close below this will move to 22400 channel mid-line and the channel bottom is 22000. Short term negative, the close on monday will decide the next move. Disclosure: i hold various stocks that at...

Mukadam Updated 

Hero motocorp has a Bullish sloping trendline breakout, the chart shows support and resistance marked with horizontal lines. The breakout is supported by RSI trendline breakout plus increase in volumes in last few days. A support was found at 4450. Immediate targets are 4725, 4944. Disclosure: i hold the stock bought over last year. This is charted for my own...

Mukadam Updated 

Nifty can do 3 things from here here: form a double top at today's high @22525 and retrace to 21750-21700 move towards the top of the channel @22725-22800 and stay in between 22500-22800. make a breakout and zoom towards 24000 Which do you think more likely?

Mukadam Updated 

Nifty50 is forming a Cup and Handle formation on the 15min chart, if it breaks the previous high with forceful volume it could goto 23350 or to the channel top around 22750-22800. Volume is the key. So watch out. Disclosure: i hold various stocks that at part of the nifty, no position in the index future or options. This is charted for my own benefit and part of...