Naagraj5441

Naagraj5441

Key points to be remembered : > @509 it forms a very strong support which has already tested multiple times. >RSI is at a very good point near 59 which means it's not overbought level >also it has formed a slight cup and handle pattern in daily pattern which indicates of positive breakout >Need to keep in radar for the next upcoming sessions which it might break...

Naagraj5441

key points to be noted : > since may,23 to 15th dec,23 it had formed a cup pattern and has consoliated in 8 months >now after 15th dec, it has formed a handle pattern till now. >it had a very strong resistance near @160 level which is supposed to be broken in next fews sessions. >now we may see an uptrend for sure if it closes above 165 to 170 level with...

Naagraj5441

key points : * I have drawn the traingle but it doesn't look like a ascending or symmetrical one. but fibonnaci retracment shows that it will break the green line but after some ups and down moves. *MACD is not currently showing any sign of breakout. *RSI also shows it is overbought. *wait and watch scenario so far until some positive news comes up.

Naagraj5441

key points to be noted : >As you see ,it is forming a cup and handle pattern in weekly chart which shows an uptrend >RSI is near 56 that indicates it is not overpriced, good time to accumulate >MACD has not crossed yet, hence need wait a week or so to crossover >keep it in radar, fundamentally good stocks >a high volume trading session with MACD crossover is...

Naagraj5441

It must breakout this time for sure, because I have suffered the death valley before at this stock

Naagraj5441

HATHWAY : Following point to be noted : >Forming a cup and handle pattern not only in daily chart but also in weekly chart after a long consolidation. >Resistance @20.90 and support @19.85 are very strong points. >Need to wait for positive breakout above @22 with high volume.

Naagraj5441

1. As we see that lic has already retested two resistance levelin the past. conclusion : If this time it breaks R3 then it is clear signal for an uptrend

Naagraj5441

*Technical analysis shows it is giving bullish signals for the following reasons : 1. it has already formed head and shoulder pattern and it has crossed the resistance level 2. fib retracment also shows that price will move up because it has crossed the fib level 3. volume is also very high in last 3 sessions comparitavely to volume which went sideways for quiet...

Naagraj5441

shyam metallic having strong fundamental is about to make a cup and handle pattern but we need to wait for a breakout price above Rs 480 with high volume, if it goes above 480 with high volume then chances are for an uptrend of this stock. keep an eye for it @280

Naagraj5441

so far it seems to follow a sideways trending untill it crosses Resistance level (R3) at Rs 93.05 approx. once it crosses Rs 94.00 atleast then we might see some uptrend. Always been a good stock for medium term to long term investors.

Naagraj5441

This is cadila health support level has been drawn and different support level indicates. it is in downtrend and supposed to be stopped at S5. Then we might see a reverse trend .