Romi001

Romi001

APOLLOTYRE has given breakout from the downtrend resist line with good volume & now retesting the trendline & the support at 215 level. This support level is a confluence of 50 EMA (4H)/200 EMA (1H) & Fib level 0.5. On weekly (1W) TF, it formed morning star formation from strong support along with the golden cross (50 EMA crossing 200 EMA). A possible long...

Romi001

HINDPETRO broke out and retest the trendline (1M TF). Keep on your watchlist!

Romi001

Tech giant INFY is about to break out and could trade at an all-time high price. 1D TF suggests consolidation inside the big green mother candle. Breakout: Major supply/resistance zone High of the mother candle Psychological level (1400) Keep it on your watchlist!

Romi001

HCLTECH has formed a symmetrical triangle and likely to give good momentum after the breakout. Keep it on your watchlist.

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Inverter H&S in reliance 1h TF. Breakout of the key zone along with the 50 & 200 days EMA can give a good momentum.

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HINDPETRO broke out of the trendline and retesting the key zone. Looking for a bullish confirmation for taking a positional trade. Note: For educational purposes only!

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TCS is on verge of breaking out from the descending parallel channel and forming a kind of inverted head & shoulders pattern at a key zone. PS. For educational purposes only!

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SAIL is currently in a descending channel and taking resistance from a key zone. If it breaks and holds above 81, we can see some bullishness. Keep it under your radar. Note: For educational purposes only!

Romi001

With the recent downfall in the market, Bharti Airtel broke its trend line and unable to make a higher high due to resistance from the multi-year trend line. At the bottom, it is standing at a very important support/demand zone, if broken, one can look for short sell with given targets. If it sustains above the support, it will be a potential consolidation and...

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RELIANCE formed head & shoulder pattern and broke the key level. One can look fook for shorts after retest. Note: For educational purposes only!

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Best buy opportunity for ONGC as it is retesting the breakout from the last HH and possible reversal as the stock is in an uptrend. Wait for a confirmation candle before entering the trade with possible targets 115 & 119. Note: For educational purposes only!

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Nifty is following a descending channel and taking resistance from 200 days EMA & support from 15102 level.

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ITC faced a strong rejection from the price level 223 due to multiple reasons: 20 Day EMA Upper trendline of the broken channel Fib golden pocket (between 0.618 & 0.786) Possible long targets for swing trade: Target 1 - 238 Target 2 - 245

Romi001 Updated 

PEL is showing an uptrend in 1H & 15 min TF. 15 min candle formed a bullish pin bar & harami pattern from support + FIb 0.618 level.

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ITC - RSI Divergence

Romi001 Updated 

ITC is trading in a parallel channel and almost tapped the upper trendline for the third time. If a candle is closed above 222 level, taps & breaks the upper trendline, we can witness the bullish move with a possible TP at 237.

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TATAMOTORS has entered the hourly channel and trading as a bull flag. Watch out for breakout on either side and trade as per the market trend.

Romi001 Updated 

TATAMOTORS - Symmetrical Triangle breakout on either side based on the market trend.