Shishirakram

Shishirakram

NSE:PIDILITIND Possible break out on the daily chart. Good above average volume on Friday. Good delivery of 1.7 times vis-a-vis 5 day average. Price also moved 2.02% giving more confidence on the breakout. However there is a psychological resistance at around 3000 levels. We can wait for the stock to close above 3000 and then initiate a trade. Relative...

Shishirakram

NSE:NIFTY seems to be taking support at 50% fibo level. It has very good trend line support as well. If NIFTY sustains above the trendline we can look for long in nifty. If it decisively breaks the line on Monday we can see very good fall.

Shishirakram

A very good intrady opportunity is seen in Ashokley. Although it is near a major resistance level, I think it can move till 84-86 levels before making a pullback rally. As mentioned in the chart stock is oversold in the 15 min time frame and it is taking very good support of the 50 days EMA historically. So I am bullish on the Ashokley for monday. But as I...

Shishirakram

Hindalco is near the support zone. It has trend line support as well as 50 EMA support. Stochastic RSI is also showing over sold levels. By looking at the price action it seems like a minor pull back from recent high and the uptrend is still intact. Fibonacci is also showing 23.6% retracement from recent highs. I am bullish on metals and Bullish on Hindalco as...

Shishirakram

As mentioned in the chart POWERGRID is trading near the resistance level. Watch out if brks above or comes down we will have good intraday trading opportunities on both sides.

Shishirakram

As drawn on the chart PFC is facing some resistance on the higher levels. There was a pull back it might run to take the top again. Watch carefully it might give few excellent intraday opportunities.

Shishirakram

As mentioned in the chart there is a double top in Lupin. I am expecting a pull back in next few sessions in Lupin We can take some intraday trades around the levels mentioned in the chart.

Shishirakram Updated 

446-447 levels seems very important levels. Stock has broken this level, But tomorrow if it opens below the level then we can look for short opportunities. However if not we can look for the long opportunities in Axisbank.

Shishirakram

SBIN broke again 200 levels on friday. It is again and again hovering around 200 levels. We can use trend lines, Support and resistance levels drawn on the chart to initiate intraday positions around those levels.

Shishirakram

Ashokleyland broke a very significant structure after a very long time. It is near 200 days moving average also. Watchout for Long opportunities. If it manages to stay above 57 then one can initiate long position.

Shishirakram

As mentioned in the chart DMART approaching a very important levels. 2180-2200 levels will be crucial for DMART. If this opens below the level and fails to brk then one can look for shorting opportunities. If this level is broken tomorrow and sustained then one can initiate long position both on intraday and positional basis.

Shishirakram Updated 

SBI must break 200 levels to give further movement upside. With a solid previous quarter results, Holding and waiting for the breakout.

Shishirakram Updated 

As we can see in the charts, Dabur is trying to break the important levels but it has failed today. Should be an interesting trade for next few days.

Shishirakram Updated 

ITC is currently trading at resistance levels. Further if it breaks 205-207 levels then we can look for the long opportunities. But as of now I am bearish on intraday basis. Looking for short.

Shishirakram Updated 

ICICI Bank is currently trading at an important level. If tomorrow it opens above 365 then we can go long on this name as 365 will act as strong support for the stock. However if it opens below 364 and fails to break 365 in first few mins, we can short this as 365 would be strong resistance.

Shishirakram Updated 

After a huge fall from 763 levels in Feb to 284 bottom levels in March, Axis bank is probably heading upwards. As marked in the chart initially 447 and 487 in later stage would be key levels to look for. I'm bullish on Axis bank above 447 levels. 487 would be the first target to look for.

Shishirakram

RBL Bank has tried to brk 207-208 levels for the third time and failed. It is range bound at this point in time. But it is a very interesting stock to watch for next few days.

Shishirakram Updated 

As marked in the chart probable downtrend setup is forming in the DIVISLAB After breaking the important structure, price retested the levels again. Hourly chart also shows the clear down trend starting. Further increase in the delivery volume and volume in general also suggests the big move coming. Next 2 sessions will confirm it further.