SudharsanG

SudharsanG

For the past 6-7 days b.nifty struggling to close strong above 35700 level, every day it is touching that level and a selloff is triggering which brings down the price to lower levels. Go Long in B.nifty, only if the price break the 35700 level with good volume, otherwise the price may retouch the 35,000 or 34,500 levels in coming days.

SudharsanG

As you see in the weekly chart the price following the parallel line channel, whenever the the price touches the upper end of the channel it gets pulled towards the lower end and vice versa. Now, the price is at the lower end of the channel, giving opportunity for investors to get in the stock for long term.

SudharsanG

The price forms a double bottom and took support from 20 day SMA before bouncing back from that level. It also broke the trendline which is good positive signal for a up move.

SudharsanG

After a massive rally in steel sector, SAIL broke its multiyear downtrend line and taking support on the trendline. This setup is like breaking the resistance and taking the same resistance as support, which is considered to be the nice setup for the further BULL run.

SudharsanG

This stock has been in a downtrend, forming LH and LL for a very long time. Now the price has broken the multiyear trendline which is very positive for this stock. Investor who are intrested in PSU, can go long in this stock.

SudharsanG

As you see in the weekly chart, the price is always respecting the multi year channel. Once it hit the channel end, the price get pulled back towards the other end of the channel. Now, again it is nearing the upper end of the channel, we have to wait whether it is breaking the trend line or getting pushed towards downside of the channel.

SudharsanG

NMDC is nearing its 9 year resistance, as the metal sector looks positive it is likely to break the multiyear consolidation.

SudharsanG

The chart made a beautiful breakout in weekly chart, it has potential to give 20+ return in short term.

SudharsanG

The chart is looking very good for a short term which can give 20-25% in 2-3 months.

SudharsanG

Still B.nifty is trading in a range bound and it is struggling to break the 35700 levels, this is mainly because of b.nifty heavy weights like HDFC twins, ICICI, KOTAK and AXIS bank has not participated the rally much. Only the PSU index which is lifting the b.nifty so far, so once the move from these heavy weights catch up, we can b.nifty in ATH soon.

SudharsanG

Negative Divergence is seen in the weekly chart of Techmahindra. So trade carefully in upcoming days.

SudharsanG

B.nifty struggling to cross 35700 levels, nifty is in ATH now and expecting B.nifty also to be in ATH zone soon.

SudharsanG

You are viewing the weekly chart of Axisbank, which clearly indicates HNS formation has been observed and it is in verge of breaking the neckline, so very soon you can the reaction in the stock.. :)

SudharsanG

Weekly chart of TITAN clearly indicates the price is in verge of DARVAS box breakout but in RSI, there is a negative divergence seen. So we have to wait for the upcoming weekly close before going long in this stock

SudharsanG

Took a strong support and bounced from that level, so it has potential to go 10-15% upside. Disclaimer: Not a SEBI registered, only education purpose only.

SudharsanG

Took a strong support and bounced from that level, so it has potential to go 10-15% upside. Disclaimer: Not a SEBI registered, only education purpose only.

SudharsanG

Bank of Baroda posted a loss of 1000 crores for the previous quarter, I don't know how the market will receive this result. Above is the trading levels of BOB, trade with caution in this script on Monday.

SudharsanG

As I said in previous post, it b.nifty broke the trend Line and price took support near the previous low range and bounced back.