NANARKAR

NANARKAR

KRBL looks forming a reversal pattern near its resistance turned support levels. Stock was in rectangle since Aug 20 and had breakout in sept 22. Same levels of breakout seen approached recently and a reversal from the point suggest rally may be seen. Stop Loss should always be placed below the recent swing low of resistance cum support levels. Primary Target most...

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Head & Shoulder Pattern is a trend reversal pattern and is seen on uptrend, indicating the end of the uptrend is near. A neck line (support line) need to breach along with fallow up selling volume confirms the strength of the trend. In KOTAKBANK currently such a formation is seen on weekly chart. Still the support line is not breached and stock is trying to...

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Container Corporation of India Limited Current Price 755.00. Stock likely to continue its momentum to complete wave 5 above 800.00 levels. A complete Elliot Wave move of stock since pandemic low suggest that wave 5 is in progress and likely to complete near 800.00 plus levels, possibly around 840.00 to 860.00 levels

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AMARAJA BATTERIES Weekly may be a good play going forward, Stock looks sustaining the current levels and trading within the down trending channel. Once the price breaks the channel on positive side huge potential for stock to move upside. A move can be predicted as the current downtrend channel has retraced lot to its previous trending move. Keep watch. Strict...

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CARE RATING looks good purely on charts. Looks completed its retracement levels at extreme and now all set to move higher and higher. Rest all plotted on chart. A buy on dips candidate. Keep watch

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BBTC on weekly looks like is at the completion point of retracement to its previous rally. A next rally can be expected from here. keep Close watch.

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GRANULES INDIA Current Closing Price 372.65. shares of Granules India are in continuous uptrend. A recent side ways move seems ending up with TrendLine0 breakout qualifying a stock price to reach at least all time high line of TrendLine1 at 437.00 around. Keep Watch. Always a strict stop loss to be maintained to avoid big losses.

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A decent move above all time high levels can be expected on the charts of ITC Limited. ITC forming a Higher High price positions on monthly chart. Up Trending stock

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LUX INDUSTRIES retraced approximately 0.786 of A to B up move, Now too the same retracement of approximately 0.786 is on charts. Will history repeat itself. Once stock start trending upside a huge upside potential cannot be ignored. Strict stop loss to be maintained. Keep watch

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Positive Divergence seen forming on the chart of STAR : Strides Pharma SCI. Fall below 311.00 will invalidate the view. While upside may be seen upto first resistance of 460.00 levels. Purely for educational purpose. Study the concepts of divergence thoroughly and then apply the study with strict stop loss and Targets. Keep Learning

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One More upside likely on NIFTY as per current hourly chart analysis. NIFTY likely to form resistance around 17566.00 to 17600.00 levels. While Current Support stands at 17210.00 to 17295.00 levels. If NIFTY sustains above current support levels resistance may be reached in coming sessions. If Support levels breaches NIFTY may fall up to levels of 16850.00 again...

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NIFTY weekly chart suggest weakness at higher levels. Cautious and stock specific approach suggested here. A Shooting Star is a bearish candle development, when formed at the top of the rally should be considerable

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HEIDELBERG CEMENT has recently seen a resistance breakout along with divergence in RSI. Volumes on breakout are considerable. Current Price 192.00 Stop Loss 180.00 levels and minimum target can be placed at 220.00 and above. TrendLines drawn on chart

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A Bullish reversal sign seen on the Daily chart of WOCKPHARMA. A divergence in RSI and Price along with Trend Breakout suggest some more upside. Strict Stop Loss at 211.00 with Target around 280.00 plus. Analysis lines drawn on chart

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NIFTY Weekly Time Frame Chart looks weak after completion of long doji last week.

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GLENMARK PHARMA A Long term resistance faced by the counter at around point (1) , (2) and (3) mentioned above on chart. Later the stock breached the resistance successfully and now trading at the throwback point (A resistance turned support level). A Stop Loss is always placed at or below throwback level in such cases and the target can be drawn with the help of...

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After completion an impulsive on 4 Hours chart, STAR is forming a corrective pattern A,B,C estimated as per chart. If current reversal is confirm an up move likely up to the levels of 380.00 to 385.00 levels for completion of Wave B of corrective pattern. Further, a reversal from there will take the correction up to 330.00 below levels where fresh buying can ex...

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Hindalco is trading at channel resistance. A weakness with nifty weekly chart likely. many times we see a stock reverse after facing such running resistance. This is a educational view. Keep watch