CMP-327 SL- 309 (close) Target- 400 30/8/21 - On crucial 200EMA support - After breakout good consolidation occurred - Closing above 333, can add more -Trendline + Support + 200 EMA confluence - Strong fundamental company - Delivery Volumes have been have been impressive - RSI divergence can be seen on 4H tf
#bharatgears - Trail SL at 117 zone on closing basis - Trend intact till 100 level - Trendline + resistance break around 117 zone with huge volume makes it good level to eye for a potential reversal #investing #Nifty #smallcap #StockMarket #trading
21/8/21 - In trending market the index has taken major supports from 50ema multiple times - Next support zone if 27000 is broken on closing, next support on 26500 levels - Oscillators also going near OS zone, keep an eye
#RamcoIndustries - Breakout with VOL surge and retracement near support area - Trendline and 50 EMA confluence on D - R:R setup is favorable - Negate if daily close below 285 - Improving fundamentals
CMP- 2828 SL-2700 - 2730 (on closing basis) Target - 3200, 3500 30/7/21 - Market structure negative making LH - LL - Key level of support around 2700-2800 -Trading below all EMA's - Fib retracement 0.38 zone - Can se potential W pattern if price holds 2700 levels - Price is near area of value - Making a double bottom like pattern in the week Keep strict SL to...
CMP-2055 (add near 1950-2000) SL- 1899 (closing) Target- 2600 27/7/21 - Reliance moving in an trending uptrend and is consolidating in an symmetrical triangle pattern - Confluence of lower trendline and 50EMA in W - In D, immediate support and 200EMA confluence - Dried up volume inside the triangle - RSI chart also making symmetrical pattern and is near support area
CMP- 115 SL- 99 TARGET - 160 target has confluence and ascending triangle target and technical S/R confluence 12/7/21 - In W, breakout and retest done (good breakout VOL) - Ascending triangle formed near bottom - Weekly EMA crossing over -Parameter positive on D/W - VOL, breakout of resistance zone done with huge VOL and good delivery % on the day - buy on...
CMP- 407 SL- 299 (closing) Target - Open (Enter the stock near 360-320 by pyramiding on every dips) 25/7/21 Good stable fundament stock, almost debt free. - Stock has made a HH, HL market structure, more clearly visible on daily charts - Resistance was broken with huge VOL surge and made a decent weekly candle - Above all moving average on D and excellent...
Key takeaways: -Bank Nifty formed a doji type candle in weekly chart and closed near the upper range of the candle with closing of price above 35000 on spot chart -The price has converged like nifty between lower trendline and upper trendline -35500-35800 is the nearest resistance for BNF -BNF also touched down and took support from lower trendline of nifty
Key takeaways: Nifty opened this week with weak global cues relating to covid and fell first two days, then there was global recovery, so our markets recovered as well (Range- 15600-15950) Nifty took support from the long term lower trendline Still Nifty is in the trading range of 15600-15900, below with 15300 is very strong support Resistance and lower trendline...
CMP- 635 SL- 563 Target- 800
CMP- 143 SL- 119 (closing) Target- 200, 250 15/7/21 -Ascending triangle breakout - Resistance zone and trendline is broken with huge volume surge (good delivery volume) - Above all EMA on D, weekly EMA crossing over - Parameters positive - Delivery VOL needs to pick up more on retracement to the support zone now View negated if closes below 119 W basis.
#navkarcorp #weeklychart - Psychological and technical level of 50 was broken in the past week with huge VOL surge with 40% delivery - Close above 50/100 EMA (check thread), 1st headwind seems to be 200ema
CMP- 43 SL- 29.50 Target - 90, 150 19/5/21 - Ascending triangle in downtrend - acting as REVERSAL PATTERN - Look at the VOL popping in - EMA's positive crossover happening - lower trendline is being respected - Script has started making upmoves - Buy on dips is suggested if price comes around trendline - Conservative buy above 50 after breakout
- Price is converging between lower trendline and upper trendline, will need to give breakout (follow the major trend) - Price must trade above 35800 and sustain to make upper move to ATH which is 5.38% away) - Outperformed nifty this week, follow up price action is needed (upside) as price closed exactly at upper trendline shadow - Anticipating breakout in 1-3...
Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900 This week the nifty closed at ATH and managed to close at upper levels. Making small momentum candles (can break either side, p.s. Major trend is up) Strong support at 15300 levels A decisive close above 16000 with a catalyst is needed to enter new territory. This weak...
CMP- 311 SL- 278 (closing basis) Target - 430-450 16/7/21 - Recent fall gave good entry in the stock - 280-300 is good support zone which is formed with committed VOL - Any drop of price to lower trendline is very good buying opportunity (unless things don't change fundamentally) - Stock is taking support from 100EMA in D and 20EMA in W. - Latest VOL surge was...
CMP-1046 SL-910 Target - 1230, 1500 (SL for more risk takers will be 825 . After that only will the structure go downtrend.) The pattern also looks ike IH&S to some point