NSE:ADANIGREEN . Adani Green had shown a breakout from the descending triangle pattern above the white line, which was a resistance many times before ( as seen from the graph). Also with high volume for the past two trading days.
The stock had moved more than 10% in the last two days. So if the stock corrects a bit, I will be watching the white line and expect...
NSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines)
The stock is just 6% - 7% away from its all-time high.
So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level.
Apart from technical aspects,...
NSE:ADANIENT
Look at Adani enterprises, its share price more than doubled from May 2022(in a matter of 6 months). From the Covid-19 low, it had moved more than 3600%. Looks like it is ready for another rally
The stock had been consolidating for weeks within the 3800 - 4100 level range( indicated in yellow lines)
So will be watching the stock tomorrow. If it moves...
As seen in the weekly graph Dow Jones Industrial Average Index had given a breakout from the parallel channel( indicated in bluish color). Which is a downtrend that started at the beginning of this year(2022).
It could be observed from the graph that the index had given the breakout with a good real-body candle and had taken support at the parallel channel...
The stock NSE:ULTRACEMCO is taking resistance at a tight range of 6970 - 7080 ( indicated in the white line and a thin violet rectangular bar). Which earlier acted as support seen in the graph.
Here I have taken a weekly time frame of the stock where a reverse head and shoulder pattern could be observed in the chart( indicated in a violet arc). Which is...
NSE:NATIONALUM
The stock is moving up after taking support at 67 -65 levels(indicated by dotted white lines). The stock had respected price levels between 77 - 85 many times (indicated by the white line) in the past.
Also, there is 200DMA around 85 levels
So looking for entries - above 85 (Should consider volume level along with it)
Short-term target -...
NSE:GLENMARK .
Expecting a breakout in Glenmark pharma as the stock has been consolidating for many days between 350 - 410 range.
Also RSI forming higher highs which could be a positive sign.
Breakout above 412 looks good and there is a 200DMA on 420 level. Above which could be safer entry( to be checked along with volume of the breakout). Expecting the...
Expecting an upmove in TATA MOTORS above 425 NSE:TATAMOTORS . Currently the stock has been consolidating for many days but RSI Indicator was forming higher lows which looks like a positive sign.
The stock is taking resistance at 420 level(indicated by green line)
Also a 200DMA around 425 level.
The 390 -370 range a good support
Along with that there...
T NSE:DMART
The stock shown a slight bounce back from support at 4100 level. The 3900 - 4100 level (as indicated by two green lines in graph) looks like a great support region and even the stock consolidated at these range in earlier.
Also there is a 200DMA at 4100 level along with support.
But the RSI not showing much positive indication
Expecting an upmove...
