Sagar_Rajput

Sagar_Rajput

Cup & Handle has completed but needs breakout for up moves.

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Breakout or breakdown on closing basis. You can take confirmation on 30 mins.

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Technical Overview (Weekly Chart): On a weekly chart picture is clear, the stock price has made a lifetime high around 650 and fallen from the same levels trice. However, if we see a sequence of falls and rise, then it is clearly showing 85% completion of Inverted Head and Shoulder. Right now the second shoulder is not completed, but it is indicating rally till...

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Buy from current price!

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Wait for confirmation then enter!

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As per our last analysis on Nifty 50, Nifty has given Inverted Head & Shoulder breakout and given closing exact below of resistance. In last week Nifty has reacted from both i.e. Support & Resistance. Also, there were many holidays that came in this month, so that is the reason the market is not getting a clear direction. We had mentioned last time 11600 is...

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Technical Overview of ICICIPRULI: Currently the stock is trading at 463 and around the same levels stock has made previous top i.e. 07th May 2018. After that stock has started to trade in “Lower Low – Lower High”. In the first week of February 2019, stock has bottomed out around price 283 and given confirmation by Bullish Engulf. On 01st April 2019, the stock...

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If we talk about Bank Nifty then it is still looking weak on chart i.e. weekly as well as daily. On the daily chart, Morning Star has created in last week and next day Bullish Harami. This index trading in a range i.e. 28500 to 27600, as we caught previously 27600 is strong support here. Here are no big levels for the buyer as well as the seller. We have to wait...

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As mentioned previously, Nifty has given bounce from 11100 and this level is playing the role of strong support. On Wednesday, Nifty has given a good spike and closed at day high. We can say that Morning Star has been created near support. As per our view trend is neutral now and in the last two trading sessions, Nifty not break the range of 11400 to 11200. If we...

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As we can see in the below chart, on 15th July 2019 stock has given Break Out to range-bound zone and started a new journey from those levels. On 23rd September stock again fell down and closed near the same support. Yesterday with the help of dollar rally, the stock has gained 3.50% in a day and closed at day high. If we see the last two candles then Bullish...

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The next day of announcement, Bank Nifty has also opened the gap up and closed above its next resistance. As per the chart analysis, many banking stocks has given breakout to their resistance. However, another large-cap stocks did not stop its down trend and breakout did not worked. Bank Nifty has broken down its support before 2 trading days and closed below 200...

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The next day of announcement, Bank Nifty has also opened the gap up and closed above its next resistance. As per the chart analysis, many banking stocks has given breakout to their resistance. However, another large-cap stocks did not stop its down trend and breakout did not worked. Bank Nifty has broken down its support before 2 trading days and closed below 200...

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In the below daily chart, we can see a breakout to Triple Top on the news day. The next day Nifty has opened the gap up and tried to cross its next resistance i.e. 11650 but not succeeded. The closing was below resistance and chart pattern was Spinning Top that was the first signal of Bears. In that whole week, Nifty has maintained the same levels and on the...

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If you are doing fundamental studies then you can easily identify the reason for picking Exide Industries. Nowadays Indian government is focusing on Electric Vehicle and encouraging people. We are expecting good future for electric vehicles and battery producing companies. Technical Overview of EXIDEIND: As we can see on the chart, stock has given Break Down to...

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From the last few months, Reliance Industries Ltd (NS:RELI) was in downtrend. In the period of 18th June to 24th July 2019, the stock was trading in the consolidation zone. After that stock has broken down the range and started afresh drop. In the next two-three days, the stock started to trade below their 200 DMA. And 200 DMA is playing an important role as...

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On 15th August when Bullish Harami has made on the daily chart. After that index has made two tops and given confirmation of Triple Top. In the last week, Nifty came down and made Triple Bottom around 10750. Now Nifty is trading between range, we are waiting for Breakout to Top or Breakdown to Bottom. Once will get clear direction then we will enter into the...

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We can see the below chart stock has made Triple Top and now trading around monthly as well as weekly Trend Line Support. In the last week, the stock has given small bounce and closed in green and chart pattern is Morning Star. It is not looking very strong chart pattern, however, other than that all supportive signals are positive. As per our view, we can buy...

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As we have seen in last week, the market was falling every day and in this bearish market, IT stocks were hitting day high. The reason behind this was that the Dollar Index was helping the IT stocks. We caught one of them, see below daily chart of Tech Mahindra (NS:TEML). On 22nd August, the stock has given Breakout to Trend Line and closed near day high. This...