NavneetRaj

NavneetRaj

Time frame - Daily The stock made a high of 1583 on 12/07/2021 and since then, it has tried to break the level multiple times but failed to do so. While there has been a clear expansion of volume when the stock tried to move up, the stock has also witnessed lower volume during its downtrend. As the broader market has started to recover, I am biased towards making...

NavneetRaj

Time frame - Daily With the broader market going down during the months of Feb & Mar'22, the stock too made a dive from its 52 weeks high to a level of 290-95 where after a brief consolidation, the stock has again given a breakout of the consolidation range. The stock retested the range and has given confirmation as well with a good amount of volume. The stock is...

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Time Frame - Weekly The stock of Adani Ports has been trading in a flag since May'21 forming a volume contraction pattern. Volume has also seen a clear reduction/limited activity in the same period. But in the week ended on 1st April'22, the stock has confirmed a flag breakout with a strong bullish candle along with a spike in volume as well. We will have to wait...

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Action Till Date - Since the news-based fall has come in the Adani group shares, Adani enterprise is broadly consolidating in the price range ranging from 1300 to 1575. Earlier in the starting week of the September series, the stock did show some momentum in range expansion but lacked expansion in volumes as it remained more or less in the average daily volume...

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Action Till Date - Since the news-based fall has come in the Adani group shares, Adani ports, along with other Adani group stocks has been trading in a range with most of the stocks yet to gather the steam. While Adaniports has shown some good momentum in the starting week of the September series, it didn't give a decisive breakout from the consolidation price...

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Action till date - We all have earlier witnessed what kind of momentum Adani power can demonstrate. Since the news triggered a fall in Adani group stocks, most of the group stocks have recovered by 40-50% and are currently trading in a range. The same is the case with Adani Power which currently is consolidating in the price range ranging from 89.65 to 106.45. ...

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Hourly Time Frame - IEX has been consolidating for the past few sessions and has formed Mother Candle Pattern on Hourly Time Frame with the stock trading within the Hourly candle range (782-819) formed on 13.10.2021 (9:15-10:15 AM). A total of 20 candles have formed within the mother candle till the completion of the 18.10.2021 session. A clear reduction in...

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Action till date (Daily Tf) - YES Bank has successfully given a breakout above 200 DMA on the daily time frame for the first time since 27.03.2019. If we go by the book, closing above 200 DMA signal trend reversal in the stock. We will have to look if the stock sustains above the same for further and decisive confirmation. For swing trading opportunities, below...

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Update Till Date - The Stock has given an astonishing return in the past few months and has been consolidating in the price range of 17047-18744 for the last couple of weeks. We have seen a clear reduction in volumes as the stock was consolidating and the price was moving lower while we have seen a clear expansion in volumes as the stock has tried to move higher....

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In the earlier idea on HAL (posted on 17/09/2021) I have updated about the price range in which the stock has been trading since 30.08.2021. The stock has not violated the zone on either side. HAL has shown some good price expansion towards the upper range of the zone with clear expansion in volumes. The stock is just confirming the idea that the stage is an...

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Daily Chart - We have seen an incredible bull run in IEX with the stock rising from a level of 400 to 587+ in just 9 sessions. While the stock has consolidated a bit after the run, it has managed to take out the previous swing high (Also the all-time high of the stock) comfortably. If we apply the Fibonacci tool, we can observe that the stock has taken support at...

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Mazdock has given a descending trendline breakout with a good amount of volumes on 03.09.2021 on Hourly charts. Along with the trendline, the stock has also started to trade above its 200 DMA on the hourly chart. Since the daily candle had a long wick post completion of the day, some more confirmation will be required on Monday (06.09.2021) If the stock sustains...

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After consolidating for almost 5.5-6 months, ICICI Bank gave a breakout in August 1 week which it has retested and confirmed in the last week of August. While it is forming a classic flag n pole pattern on hourly Tf, soon we can expect ICICI Bank to achieve levels of 750-775 (Pole length is arnd. 40 pts.)

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Weekly Time Frame - We have seen a news-based selling in TATA Motors with the stock correcting sharply from levels of 360 to near about 273-275. Since then it is trading in a range-bound manner near about a level of 300. We can see in the weekly time frame that the stock is consolidating in the zone of 300-360 on the back of reducing volumes. Chances of the stock...

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In the previous post shared for IEX stock, I have done Fibonacci retracement analysis over the bull run of IEX to get an idea for further supports and resistance levels. The stock has managed to sustain the peak of the previous rally at 582-583 levels & has been consolidating in the range from 582 to 614. There is also an ascending trend line where the stock is...

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Hourly Chart - After giving a marathon run the stock is consolidating in the range 3550 - 3940. Within the given range, since the last 2 trading sessions, the stock has remained in zone 3640 - 3750. Upon breakdown/breakout from the 90 points zone, below will be the swing trade opportunity Breakout - T1 - 3830 T2 - 3940 SL - 3640 Breakdown - T1 - 3550 T2...

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Coal India has been trading in an ascending channel since Oct'2020. It has recently tested the lower trendline on 23.08.2021 and has given a confirmation for an up move on 30.08.2021 (with good amount of volumes). It also gave a breakout above the 100 DMA & 200 DMA on the very same day. The stock appears to be in a good position to test levels of 175-180. Once...

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Price action to date - HAL today made a fresh lifetime high but failed to break out of the trading zone it has been trading in for 13 trading sessions. The stock has recently shown good momentum riding which it went past the zone it has been trading in for the last 52 weeks post which it has remained range-bound. There is a clear reduction in the volume while it...