BALKRISIND has given BO from year long TREND LINE and looks bullish above 1028 with 1050-52 as next resistance. Keep this in radar for Monday along with GRASIM. FOR MORE INTRADAY RECOMMENDATIONS & CHARTS REACH OUT. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on...
GRASIM has given breakout from 8 month TREND LINE and closed very near to horizontal resistance line around 636. If this trade above 637 (643 for safe trader) in Monday's session then it can give good move in intraday. If this good closing on Monday then around 680 is next big resistance and it can be possible positional target. Please note NIFTY trend is...
RBLBANK is forming multi factor confluence for multiple Trend lines along with Cup & Handle pattern which shows bullish nature post breakout zone of 188-190. Immediate Breakout stands at 188 but safe traders should wait for 190 levels where true breakout from all the below factors will be reached. 1. Cup & Handle Pattern (Yellow) 2. Blue TL running since May' 19...
PIDILITIND has given bullish breakout along with good volume today from a trend line which is running from March'20. Above 1445 this should be a good momentum for long run. Kindly track NIFTY as well to ensure we have trend along with us which will further increase our probability of setup. A simple price action study of NIFTY suggest along with Fibonacci that...
This chart is for demonstrating how each stock have its own characteristic and study of past behavior of stock can greatly help us its momentum in future. SBICARD has followed a series of flag patterns and breakout which witnessed volume spike and then consolidation. Over repeated pattern formation, SBICARD is slowly fading out as height of its move is gradually...
VOLTAS has closed at breakout level and looks bullish abv 582 (small hurdle at 587). Looking at previous history of VOLTAS, this stock move well after confirmation of BO. So this should be on radar for next few days and if it sustain abv 582-87 then it should show good movement. Price action trading is a process of using price to analyze stock possible...
1. M&M gave a strong breakout from 2 year long trend line in June'20. (YELLOW TL) 2. Now it has closed very near to breakout of horizontal support lines running since 2014. (PINK LINES) 3. Above 580, it has one hurdle running since Feb'19. For tomorrow above 575 this is good but 580-82 is next hurdle which if it manages to cross and hold then there is no stopping...
MPHASIS has given closing just about important long running TL since Feb'19. This TL was respected 6-7 times in past making it very critical. MPHASIS should be bullish above 933 (936 for safe trader). Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most...
EQUITAS, has given breakout from 3 month ascending triangle formation. Horizontal line which acted as resistance in past has now acted as support and it looks bullish above 60.5. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart...
TATAMOTORS gave breakout of 1 month long TREND LINE and is now performing a "Pullback & Continuation". Above 109.2 this looks good stock for bullish momentum. If market sentiments in coming days are positive then this will be one of the good trades for both Intraday & Swing till T1 - 116 Price action trading is a process of using price to analyze stock possible...
SBIN is able to finally breakout from its 4 month long resistance which is respected 6 times in same period. Stock is trading at 199 with 200 being psychological barrier as well. Once 200 is crossed, it can show good strength. Chart is self explanatory with required levels. Price action trading is a process of using price to analyze stock possible movement. Keep...
KOTAKBANK has not contributed much to BNF rally and has been trading in a zone for a while. Above 1380, it looks good with next resistance in sight at 1410. Keep this in your watchlist for possible bull run post breakout from level. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that...
RAMCOCEM is forming lose ascending Triangle pattern in hourly TF and looks bullish post 664. It can give this move tomorrow or this week. Must have on your watchlist. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE". If you...
TVSMOTOR formed nice rounding bottom pattern and has given Breakout at 390 levels. Stock moved up to 397 and then did classic pullback and continuation. It is strong bullish above 397 and once 400 hurdle is crossed, upside can be seen in it. Keep it on your radar for Monday. Price action trading is a process of using price to analyze stock possible movement....
ESCORTS is trading at life time high. It has formed ascending triangle for past one week and looking strong post 1065. It should sustain above this level for a while to ensure it is not fakeout and probability will increase multi-fold if we see pullback and continuation. Price action trading is a process of using price to analyze stock possible movement. Keep...
SIEMENS has given breakout of well formed symmetrical triangle and looks good above 1150. Volume and length of pattern suggest this as high probable trade and should be on your watchlist for Monday. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important...
CENTURYTEX is forming lose SYMMETRICAL TRIANGLE for past 3-4 days. It can have breakout on both side and should be tracked. Strong above : 310.5 Weak below : 304 (300 will act as support) Watch my other ideas to understand simple price action concepts.
After moving 200 points from 1600 to 1800, RELIANCE has consolidated for a while and looks good another set of move above 1752. Keep this on watchlist for Monday. Keep your chart simple, focus on price movement and stock behavior. More clear the chart you have, better you can stay focused on price action.