#INFY has taken support from the highlighted supply turned demand zone, indicating a potential reversal. Additionally, the stock has found support at the 20 DMA, further confirming the upward trend. Relative strength is positive, indicating the stock is outperforming the broader market. Volume is average, providing a neutral signal, but not detracting from...
TCS is showing strength on the daily chart, with the stock finding support at the 20-day Moving Average (MA) and resuming its upward trend. The stock closed with above-average volume, indicating strong buying interest. TCS is exhibiting relative strength, outperforming the broader market/index, indicating its stock strength is improving compared to the...
#CENTURYTEX gave a BO out of the range on the back of the strong volume. It has been in the consolidation for the past few weeks on a low volume and with this BO, I expect the stock to continue the upward move.
#DATAPATTNS, after the recent pull back, stock took the support from the demand zone and bounced swiftly with good volume.
#KALYANKJIL has formed a flag and pole pattern on the weekly chart, which is a bullish continuation pattern. The recent weekly candle has broken out of the previous trading range on strong volume, indicating significant buying interest. The relative strength of the stock remains strong, suggesting it is outperforming the broader market. The stock has closed...
#ASAHIINDIA - The stock is within the supply zone of 670-692 and has not made a definitive breakout. Monitor for a decisive close above 692 with sustained high volume over the next few trading sessions. This will confirm a strong breakout and indicate that the stock has moved past the supply zone.
#ELGIEQUIP has broken out of a significant resistance level by absorbing a substantial amount of selling pressure with above-average trading volume. This stock had been trading within a defined price range for several months, indicating a period of consolidation or indecision among investors. With the breakout above the resistance level, which historically capped...
#MHRIL has broken out from an 8-month base on the weekly chart, indicating a potential shift in trend. The stock has closed strongly above the supply zone, suggesting that previous resistance levels have been overcome. The volume is good, which supports the breakout and indicates strong buying interest. Relative strength has improved and turned green,...
#VINATIORGA looks promising on the weekly chart. The stock has broken out of a long-term down channel with strong volume and is now set for an upward move.