Soulblighter

Soulblighter

Seems a breakout from the channel it was falling after a huge distribution around 120 levels. immediate resistance 95-98 .. strong support around 80 zone.. though this stock has always be slow.

Soulblighter

Since i posted it last where i said that bear trap was in place and breakout could be seen , here is the update. into new territory , all set to go high.. R1 650-660 zones.. see how it spans out..

Soulblighter

This is a good sign , especially after such intense fall ! i will initiate position looking at how it performs tomorrow ! stop loss 390 ! target 435-450-475 !!

Soulblighter

For now i can wait to let it settle till the circle where i may look to add ! dont decide your trade basis this. its just for an idea. !

Soulblighter Updated 

the weekly as it stands. perfect left S and H.. if we have to see right S , it might start its upward journey and head towards 600. after that we will see the situation but for now it can hold good.

Soulblighter

Lets not complicate things. keep it simple. moving range bound since july, it could breakout on either side. Black line immediate hurdle. on my watch list. no position yet for me.

Soulblighter

A plausible reversal after H&S pattern (negated) , immediate hurdle around 9400.. this could mean that some pharma can run at least 40-50 points in this week itself. i look for Auro , lupin and other mid caps to perform good.

Soulblighter

So 2 weeks after what i had tweeted , here is the movement. cup and handle intact , broken out of symm triangle , almost on the edge of neckline. this indicates its ready to bounce off , heading towards 850-900!! positional buy above neckline

Soulblighter

I never thought i will even look it into this. but my friend prompted me to do so ! looks like it will retest 12.5-13 and then fire up. already broken the triangle pattern with triple bottom in place and just over the flag breakout. immediate resistance around 18 then 20-22 !! i think by end of dec it can reach 30 !!risky bet !!!

Soulblighter

Holy. we often see bull traps, here is one heck of a bear trap. almost on the edge. last i said last time, we could see a bear trap , the pattern will negate and immediate resistance around 623-628 if taken will open doors for 650-700... next day or 2 sessions are imp.. lets see if it breaks on upside.

Soulblighter

struggling to hold onto neckline... if pattern is not negated, you are most likely to see it in below rectangle in due course. next few days are important.. keep an eye..

Soulblighter

Look at how fibo level is respected beautifully so far.. small support around 380 , its currently in resistance zone around 395-400. Since November , i sense delivery based buying which entice me to see next share holding pattern !

Soulblighter

This Stock in such dreaded sector looks decent. immediate resistance around 136-140 ! once taken , it can zoom towards the circle. good support around blue line. a stock worth looking at.

Soulblighter

Simple and lucid. no complications involved. 320 could be retested. 250 a great buy if fundamentals are intact.

Soulblighter

see the pattern getting formed.. this usually follows steep movements on whichever side it breaks. in this instance , it could be on upper side ! The PCR and Oi data suggest good support around 600 ! Resistance around 630 - 640 !! lets watch this counter !!

Soulblighter Updated 

The thick red line is crucial. are we going to see a right shoulder !! so far holding on to imp levels.

Soulblighter

Here is a way to look at things from an angel which is least looked upon. this helps to understand where one can buy or sell and any other indicator or pattern aids us in taking decision. this is in real good shape and may head to higher levels in coming months. i am long

Soulblighter

See this: its not a bearish engulf but was very close !! if a trap occurs (wll get to know in coming days ) , it can retest 750-725 , and may head for another handle ! time will tell.. I am Bullish here.. are you ??