Ratnesh2107

Ratnesh2107

Looking at the past 15 trading sessions, an opportunity can be observed in Lupin Ltd. to go Long. The stock has respected it’s crucial support level of 2000 twice and was able to provide enough strength to form a Double Bottom pattern. In today’s trading session, the stock not only managed to break the neckline at 2119, but also crossed it’s 50 day moving...

Ratnesh2107

An effective candlestick pattern can be witnessed in Silver on a weekly time frame - The 3 bar play. A momentum buildup is in progress and the trend is expected to reverse. Silver has also given a breakout of it’s resistance of 58986 with good levels of volume. We expect a rally up to the levels of 61294-62660 in coming weeks. The above analysis is just for...

Ratnesh2107

We have witnessed a strong recovery in Nifty within a quick span of around 2 months along with decent volumes. Now, Nifty is approaching it's long term resistance level which will surely test the strength of the Bulls. If it fails to break the resistance level, it should at least sustain at current level for several trading sessions which could result in a strong...

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A simple yet effective trading setup can be seen in IRCTC Ltd. As per the technicals, we are witnessing a simple but one of the most effective charting pattern - The Symmetrical Triangle. The stock spent a decent amount of time in it's consolidation phase of the pattern. The stock not only broke it's resistance level, but also managed to break the 50 EMA which...

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It’s been around 13 trading sessions, the stock is building up a momentum with higher lows along with a common resistance at ₹1680 level thus forming an ascending triangle pattern on a daily time frame. As per the technical analysis, once the stock breaches the resistance of 1680, this airline industry stock can take off to the levels of 1840-1844 levels. On the...

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As per the technical analysis, we have witnessed a "Double Bottom" pattern formation in Adani Ports Ltd. on a daily time frame with the neckline just breached on Friday's session. The stock is expected to face a rejection in coming week as it is approaching it's 200 day and 50 day moving average. Also the volume leves were decent enough on Friday's session. There...

Ratnesh2107

As per the techincal analysis, we are witnessing a Double Bottom pattern formation on a Weekly time frame. The stock has shown huge demand around 261 levels. The stock is approaching towards a strong resistance region which is between 342-347 levels. A rejection is most likely to be seen around this region as 50 EMA and the neckline is coinciding making it a...

Ratnesh2107

It's been almost 15 trading sessions and during these 15 sessions we witnessed a decent bull run in this Cement Stock. The stock has surged by almost 800 points during these 15 trading sessions. However, the volume levels weren't looking promising enough to support the surge in price of the stock indicating a lesser participation of investors/traders which can be...

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It has been 10 trading sessions where we can see a momentum building up in Bank Nifty. Bank Nifty is facing a common resistance at 33747 level. However, the bulls are getting impatient thus forming higher lows and eventually forming the most effective charting pattern- Triangle pattern We may witness any one of the following 1. A slight retracemen before it...

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After several trading sessions of LICI, the stock may have found it's perfect valuation to seek investors attention at the current price levels. LICI has seen a consistent downtrend move from the day it got listed, and now this might be a turnaround. As per the fundamentals, the stock is curently undervalued and the company is expected to give decent figures in...

Ratnesh2107

Nifty is forming a sort of a descending triangle pattern from daily time frame perspective with lower highs and a common low. Nifty has approached a crucial demand region (15662) however, traders are still expected to stay cautious. A slight retracement can be expected up to the trend line region. A breakdown of the 15662 level may take us all the way upto 15000...