Flag & Pole Breakout: The stock is breaking out of a classic Flag & Pole pattern, supported by strong volume, indicating a continuation of bullish momentum. All-Time High Close: Price has closed at its all-time high, reinforcing the strength of the breakout. Relative Strength: Relative strength against Nifty is robust, showcasing the stock's...
#MAHSEAMLES Technical Breakout: The stock broke out of its base on 5th December, accompanied by strong volume, indicating renewed interest from buyers. Pullback on Low Volume: Currently, the price is pulling back to the breakout base on low volume, a healthy sign of potential consolidation. Stage 2 Entry: Technically, the stock is transitioning into Stage...
#DEVYANI Observations: Forming Higher Highs (HH) and Higher Lows (HL) on the weekly chart, indicating a potential uptrend. Last week's big move was accompanied by above-average volume, suggesting strong buying interest. Relative strength against Nifty has improved. Caution: The stock has been trading in a range for several years, which may indicate a...
#INTELLECT A significant breakout occurred this week, accompanied by a substantial surge in volume. This caught my attention, and I'm adding #INTELLECT to my watchlist for closer monitoring. I'm waiting for a favorable Risk-Reward ratio to enter the stock. Meanwhile, it's encouraging to see #INTELLECT's relative strength against Nifty improve and turn positive...
#CNXPHARMA The Pharma Index is demonstrating robust strength compared to other indices in recent sessions. Key observations include: Bullish Momentum: The chart reflects strong bullish candles over the past few days, indicating growing buying interest. Trend Confirmation: The index is forming a consistent pattern of Higher Highs (HH) and Higher Lows (HL),...
Reversal from Demand Zone: The stock price has shown a strong reversal from the supply-turned-demand zone, indicating renewed buying interest at this critical level. Breakout of Swing High: A bullish breakout above the recent swing high adds further confirmation of upward momentum, showcasing the strength of buyers in the current trend. Volume and Strength...
#DATAPATTNS broken out of the base on 4th December with a good volume and retested into the base. It is popping out of the base once again with above average volume. Stop Loss 2380 Closing basis
#NIACL has reversed from the supply turned demand zone on the weekly chart. Chart is looking good on weekly too as it formed higher high with a break out. The top wick is bit concerning but with a good delivery volume, I am expecting the stock to perform in the days ahead. Stop Loss 197
#AEGISLOG is looking strong in this choppy market. The price has taken support from the demand zone a few times and now closed above all the critical moving averages with a strong volume. Apart from the minor resistance ahead the stock is ready for the next move.
#GODFRYPHLP has taken the support from the demand zone. We can see the change of character in the structure. One can buy with a SL below 5570