Hello Traders, Posting IRCTC Weekly TF Chart here. The stock has consolidated for a long period of time since the stock split. Looking at the price action if we witness a weekly close above the trendline we can look for long with SL below Swing low.
Hello Traders, Voltas monthly chart has formed a hammer and the previous covid time high which was acting as resistance is now acting as support. The setup is one of the best RR wise. The target is more than 1:3. Please make your own decision and the view i shared is for educational purpose only.
Hello Traders, I have shared my understanding and reading of Nifty 50 chart and intraday setup for the next week. Please understand the levels carefully and note it down if you are going to study my chart analysis. I always keep both side view alive without biasness to neither downside or upside. Above a particular level I am bullish and below a level I am...
Hello Traders, Publishing my idea on MFSL. The mnonthly chart is looking strong and the RSI is forming a W pattern. The swtock will give a decent return once it moves above 870 level, However one can also look to accumulate on dips if any towards 760 odd levels. The view is positional and do make your deicsion as per the view shared.
Here I am posting chart of Granules as per my Study. Do coment your views
Sharing Idea about Crompton Greaves. The stock is trading inside a parallel channel in Weekl timeframe. Volume has picked up. Looking for buy above 302 for a target of 318 & 330 and would love to trail this counter.
Here I have posted probable target of IPCALAB positionally based on harmonic Crab pattern
IPCALAB has given brekout of the trendline and the weekly closing is very strong. On Daily chart the RSI is overbought. One must look for buy on dips on this particular counter.
Last week Nifty corrected. There was bounce and there was dowside as well. I am learning harmonic patterns and I found twice Shark pattern to be formed in Nifty. TF used here is 15 min. Do let me know in comment section if I plotted these right or your helthy inputs are welcome.
Hello Viewer or Traders, #NiftyAuto trading inside a parallel channel . Sellers are trying but buers still not giving up. We are standing at a decision making area. A weekly closing below the parallel channel will give eraly indication of a possible downtrend. Keep checking your stocks and book profits as required. #NiftyTrading #IndianStockMarket
Godrej CP is trying to retest it's breakout level. Any closing above trendline at which it is taking resistance can take the stock to 980 level or any closing candle below 955 can lead the stock towards 938 to 930 level. This is my personal analysis. Comments are welcome.