SSJ_Finance_Academy

SSJ_Finance_Academy Updated 

ICICI bank forming 2 bearish patterns hanging man head and shoulder pattern. Bearishness to continue in the stock.

SSJ_Finance_Academy Updated 

TVS motors approaching strong support zone. If it breaks the support zone decisively, a larger fall is expected in the stock. As of now neutral on the stock.

SSJ_Finance_Academy Updated 

Nifty trading in a range since past few days. It tried to break the zone on lower as well as higher side couple of times. Therefore it is expected to continue to trade in a range till outcome of Union Budget.

SSJ_Finance_Academy Updated 

Indiamart is trading near strong support zone. However stock has broken support trendline on 4 hour timeframe. Also stock seeing selling with increase in volumes. Daily RSI is @ 36. Expecting lower levels in days to come, if stock breaks support zone. However stock finds support in this zone, one can look for long opportunities, where the resistance stands at...

SSJ_Finance_Academy Updated 

Hindalco showed handsome up move and now witnessing the minor pullback. Hindalco approaching major support levels. If stock breaks the support zone, next support zone placed at 540-545 zone. If stock confirms the intermediate support long position can be initiated.

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Polycab has formed big range on daily candle. Whenever stock breaks and sustains above or below the levels, stock is expected to follow that direction and give a bigger move. As of now stock within the range, hence neutral view.

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HUL is approaching a strong support zone. Stock has multiple times respected the support zone. Stock trading in a range since June, 22. Expecting a bounce back in the stock. However is stock fails to hold the support, we may see major downside and bearish mood in the stock. I will look for support confirmation. I would also avoid shorting, as the overall market is...

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Infy trading @ strong resistance zone. Stock trading below these levels since Apr, 22. Stock needs to consolidate and build a base at these levels for few days, before further breakout. If stock breaks immediately, I would avoid entries as the breakout may be fake. I would take bullish stance only if the abovementioned conditions satisfied.

SSJ_Finance_Academy Updated 

Since past 4 quarters, IT index slightly moved up after end of quarter and before publishing quarterly results. (Vertical lines indicate end of quarter). Then corrected on the back of bad results by IT majors. But from Jan, 1, we r continuously seeing selling in IT index. This seems to be a trap by big players. Also IT index took support from previous support...

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Stock repeatedly taking support in green zone. expected resistance levels marked. above 100 big breakout can be expected.

SSJ_Finance_Academy Updated 

United drilling showing signs of trend reversal. Stock have seen to completed the correction. Now trading above listing price level. We can see trend reversal. Upside potential is high, providing a good risk to reward ratio. However the time horizon is expected to be longer.

SSJ_Finance_Academy Updated 

Havells seen good volumes buying with upside momentum. stock to continue the momentum till the levels marked. However, the momentum should continue further, as stock is crossing ATH

SSJ_Finance_Academy Updated 

Max health was consolidating in a range with support taking on the upward trendline. Now the stock has broken the resistance with 2 big bullish candles. Expecting upside targets of 720 and 750.

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Nifty metals confirmed the support on daily timeframe, and moved up. Hence rally in metals is expected to continue....

SSJ_Finance_Academy Updated 

Nifty consolidating in range since 27 Dec. If it breaks this level on hourly chart 21230 and 21000 levels can be seen in days to come. But for now the trend is bullish and nifty may reclaim upper band of the range. Also nifty touching the 20ema, expecting support for nifty.

SSJ_Finance_Academy Updated 

Banknifty showing signs of weakness with 2 back to back red candles on hourly chart. If red candle closes below level, next support lies at 47500-47600 levels in days to come. This is not an intraday analysis.

SSJ_Finance_Academy Updated 

BNF showed stellar movement today on downside. Consolidated in first and last 1 hour in range. Tomorrow expected to be rangebound in this range only. If range breaks higher and lower levels marked.

SSJ_Finance_Academy Updated 

Finnifty showed stellar movement today on downside. Consolidated in first and last 1 hour in range. Performed in similar fashion to banknifty. Tomorrow expected to be rangebound in this range only. If range breaks higher and lower levels marked. Finifty in range since December, 14. Overall momentum of market is bullish. So index is expected to find the support....