" EXCELINDUS " has given a strong breakout backed by a huge volume. We have got multiple confirmations. 1. Neckline of the H&S pattern has been breached. 2. Crossed 200 day moving average. 3. Breached the Multi year trend line. 4. Breakout with a huge volume. 5. Very good consolidation before breakout All these above points have qualified this stock to give...
Finally ISEC has given a breakout after several months of consolidation. And its backed by Multiple confirmations 1. 50% Fib retracement 2. Trendline breakout with Volume 3. Crossed 100 DMA The stock has some good upside potential of around 30%
Apollo Tyres is in a range bound where we can spot strong accumulation. Price takes good support at previous resistance zone. One can accumulate when the price is in the accumulation zone and as the price breaks the high of the mother candle we could see some good up move with momentum. Price might stay in this zone for a few days. More the accumulation time,...
CHAMBAL FERTILIZER has been moving in a trending channel for a while where it forms higher highs and higher lows. All bullish candles have been backed up good volumes. This should be a good entry point to book close to 15% return. Please trade considering your risk appetite.
BAJAJCON is in a good position to take a long trade with a very tight stop loss. It has tested the previous breakout zone and it has exactly retraced at Fib 61.8% level so called the golden zone. These multiple confirmations makes it a high probability trade. Please trade considering your risk appetite.
It will not be strange if SBIN can reach the strong support as mentioned if stimulus package is not announced by the government. We can see that it has reached around Rs.145 range multiple times in the past (Aug 2013,Sep 2013,Feb 2014,Feb 2016). The past is going to be repeated if a strong stimulus package is not going to be announced by the government. Let's...
ITC heading down for a short pullback
There are several possibilities as this chart can explain them ! We can also see the moving average for reference
HUL has started to fall. It will reach the control price (iii) in coming weeks. If the market seems to be bearish then its no doubt that it can reach the bottom low (iv). NOTE : UPCOMING EARNINGS REPORT IS ON MAY 5. BE CAUTIOUS !
Its clearly trading inside the channel respecting the support and resistance with RSI above 50 level
There is a possibility of retracing back to the support line and forming a new pattern
If the support line is broken then there is a probability that it could retrace down to Fib 0.618. Entry and exit is mentioned Please trade at your own risk. Markets are subjected to unexpected fluctuation. NSE:ITC
The stock has broken the congestion zone with high volume. It has formed a shooting star with a long tail. So there might be a short retracement before further rise in price if possible. Trade safe ! Stay safe !
For the past few days LUPIN is being traded in a close bounded range. Please refer to the lower time frame and wait for the congestion zone breakout.
The chart says it all. We all know where it is heading in coming weeks !
In 15 min chart Nifty is travelling in this parallel channel for the past two days. We can expect a breakout in any of the directions as mentioned.
This is the price channel for downside corrective wave. It can retrace back to Fib 38.2% or 61.8%.