Sai_Kumar

Sai_Kumar Updated 

VIDHI SPECIALTY has gone 10x since the March 2020 covid crash and still rising. The chart has formed an inverse head and shoulder pattern on the daily timeframe . A strong green candle with Huge volumes broke out of the resistance zone providing a good swing trade opportunity. Huge volumes and big green candles usually attract little profit-booking, which...

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SAIL is in limelight for the breakout of the Inverse Head & Shoulder pattern and falling channel, so I thought to take a look. It looks like SAIL is getting ready to resume its uptrend. • There’s an Inverse Head and shoulder pattern formation with the neckline exactly at a Strong Support & Resistance level . • We can draw two falling channels on the price...

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The chances of trade being successful increase when you combine Price action with Indicators. This Trade setup uses Weekly and daily timeframes and two indicators – RSI & MACD. Stock: Motherson Sumi CMP: 135.65 Type: Swing Trade (delivery) Buy level: 139.50 (on a breakout above rejection candle high on weekly timeframe) SL: 119.40 (Slightly below rejection...

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Ultratech has been inching up for the last few trading sessions. RSI is above 55, showing strong momentum. MACD is above the signal line and moving up. Good signals. Although we see strong green candles, volumes have been below average. Price is trading close to an important resistance zone formed by a falling gap. if we draw a line through this gap, it touches...

Sai_Kumar

If we go by the textbook definition of a falling wedge pattern, the price consolidates between two downward sloping & converging lines forming a wedge shape. (Not as difficult as it sounds, just looks at the chart). As per a common understanding of this pattern, the price continues higher after a breakout to the upside. Price action in LIC Housing finance shows a...

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After the news of HDFC’s duo merger, the Market cheered and the price shot up. Now it’s back to the breakout point after the huge rise. Is it a good level to buy? Let's get into the Technical outlook first, then, we will explore the fundamental view of the merged entity. Technical Outlook: Bullish signals • Inverse Head & Shoulder pattern formation •...

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titan has formed spinning tops near the rising trendline with high volumes indicating strong indecision. It breaks down below the rising trendline, it may try to touch the lower level marked on the chart. if it breaks out of the previous swing high, good for a buy trade but one needs to wait for confirmation of breakout as the stock is in a correction on the...

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Nifty has traded in a close range and formed spinning tops. for intraday trade, a breakout in any direction with a strong candle will give a good opportunity for a trade.

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M&M opened gap up and traded mostly in a tight range. on 15 minutes timeframe, RSI is above 50 but moving down and MACD is below the signal line. The conditions are in favor of short trade but taking trade along the larger trend has a higher probability of success. On a daily basis, the stock is rising with strong rsi and MACD above the signal line. The upper...

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KPITTECH chart is forming a rising triangle after a good retracement. Rising triangles are theoretically supposed to breakout to the upside and continue the price higher but practically you'll find many examples where it breaks down below the rising trendline. on the upside, the price is getting rejected on horizontal resistance and forming hammers/spinning tops....

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It's important to be patient at this kind of level. SBI Life's price is trading near its Support turned resistance zone. it has broken out of it but the volumes are below average. Although RSI & MACD are showing strength, one should wait for the price to retest this level before taking any trade. There's no buy/ sell level. this is just an observation and I'm...

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ETH is in the correction phase. on a 15 min. timeframe, it has broken down below strong support with good volumes. The price has retraced back to the support turned resistance and the candles have formed stalled candlestick pattern with falling volumes. This is a perfect setup for short trade with tight stop loss. How to enter a trade? Wait for a falling candle...

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cryptocurrencies are in the correction phase for the last few trading sessions on a daily timeframe. Shiba Inu has fallen with good volumes. The volume trend suggests that the selling pressure is high. The price is trading below 20ema. RSI is weak. MACD on 15min. the timeframe is in negative territory and on 5min. the timeframe has crossed below the Signal...

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Zeel price chart has created two gap ups at the same level. this zone has acted as either resistance or support at many points on the chart indicating a strong supply/demand zone. Two gap formations at the same level with almost the same open & close is a rare phenomenon. Keep an eye on this level for deploying any trade. This is just an observation. Support...

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Nifty has been in a correction for roughly 6 months and now it’s breaking out of the falling channel which coincidently intersects a Strong Resistance at the breakout point. The significance of a Support & Resistance line increases when the price reverses at the same point multiple times. This Resistance line on the chart is strengthened at multiple points...

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HDFC Life has been in a correction for over 6 months. RSI and price made positive divergence, and price consolidated for a few trading sessions at the low level. Yesterday's big green candle has broken out but has average volumes. if the price sustains above the upper level marked on the chart, it will be a good buy for swing trade. SL- Low of the breakout...

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Titan has been trading in a range for the past few trading sessions. RSI and MACD are indicating weakness. Keep it simple. Two levels are marked. the trade will be activated once it breaks the nearest 30m candles low marked on the chart. It's always good to wait for confirmation. If it goes as expected and the price breaks the lower line, wait for it to retrace...

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Read the chart from left to right for a clear understanding. Stock: Allcargo Trade type – Swing Buy level: 348.10 (above breakout candle) SL: 318.75 (below the breakout candle) Target: 398 Risk/Reward ratio: 1.7 The setup uses price action and two indicators – RSI & MACD for confirmation of the signal. Chart formed a Gap on 02nd November. Gaps are formed due to...