Sumanyu_Aggarwal

Sumanyu_Aggarwal Updated 

Gap has been created in the chart. Gap analysis can reveal the phase of the trend, (beginning, middle or end). Runaway gaps are not filled immediately, showing the trend is in the middle phase. While exhaustion gaps are filled quickly, signaling the end or slowing down of trend. Gap will be filled it it retraces back to 67848 Additional it is important to...

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It is preceded by an uptrend. The neckline being at 1544.6, breaking of which leads to follow up of pattern. On the contrary, price breaking 1584.6 will make the pattern invalid.

Sumanyu_Aggarwal

Past 5 months were sell on rise, not sell the breakdown. The risk is timing. Price range of 17599 to 17770 is like a check post for Nifty. Stop, wait, move ahead or return back. It has been seen multiple times since Sep 21. Price Stops, waits here for new traders and then moves. Hence, retesting is a way to participate in such aggressive moves.

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It is in the supply zone of 17900 to 17950 forming a triple top pattern. Nifty is also forming a rising channel pattern which could mean that the majority is on the buy side. Hence a breakout would not lead to a big move because everyone will start booking profit. But a breakdown will create a panic as stop loss starts getting triggered. Last time on Jan 24 triple...

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NMDC has formed a supply zone of 125 to 140 on a monthly chart. Forming a triple top pattern. Whenever price enters the zone it falls down. Hence it is at a crucial point technically. This does not mean that stock will fall now, it is all probability which increases when such patterns are formed.

Sumanyu_Aggarwal Updated 

Price went from 570 to 2600 in 18 months and is now consolidating in the range of 2100 to 2800 forming a flag pattern. It is also forming a trend as shown in the chart. Joining both of them makes a triangle. In summary, the price is at a breakout level.

Sumanyu_Aggarwal Updated 

It has been consolidating in the range of 1500-2000 for more than 5 years and has formed a head and shoulder pattern. It also has a demand zone of 1400-1440. Currently trading in this zone. It will be interesting to see what happens next. Hence it is the time to study business fundamentally.

Sumanyu_Aggarwal

It is a Heikin Ashi candle on the daily chart. This helps to find trends in volatile situations. Price is in the supply zone of Rs. 417-430, forming a triple top pattern. There is also an increase in volume which shows the beginning of a new trend. .

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It is forming a flag pattern along with the head and shoulder pattern formation. Patterns work better on higher time frames. Hence these consolidations and patterns indicate that a new trend can start. Doing cycle analysis. It moves in a 20 month cycle. But cycle analysis works best when done on a group of stocks and on multiple timeframes. Hence it is just an...

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IT index has shown outperformance in the past few days. Following it LTTS is now bouncing from the support. Support is a 100 week old trendline on the weekly log chart. Will it sustain or fall that time will tell but now it is clearly following the IT index.

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IT index has shown outperformance in the past few days. Following it HAPPSTMNDS is now bouncing from the support. Forming a Triple bottom pattern on a weekly chart, with a Demand zone of 815 to 875.

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On a Weekly Log chart it has formed an Ascending Triangle Pattern. Today it Broke the support level of 345 after the results. Because it fell 7% in one day and broke the major level it might come up and retest 361. Hence it is time to analyse positions. Same happened with LAURUSLABS. Same can happen with GODREJPROP.

Sumanyu_Aggarwal Updated 

DXY broke the trendline in nov22. Now USDINR is also near the trendline. Is DXY projecting the future of USDINR. There is always some lag between the two. Overall it is an important time to analyse and make money.

Sumanyu_Aggarwal Updated 

Price is forming a triple top pattern with a top of 219-220. Looking at the option chain 220 CE of 25 Jan expiry, trading at Rs 1.75 has the highest open interest. Hence 222 is an important level. Overall it is in a crucial zone.

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Price is rising since Apr 2020 with Increasing volume. After Nov 2021 Price is still increasing but volume started to decrease. Finally, the price is near a trendline. Hence it is important to analyse the stock now. Same thing happened with ABFRL.

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On a Monthly log chart, it is near a 9 year old trendline. Looking at the chart it seems the price closes near the trendline every 3 years. Starting from 2014, 2017, 2020 and now 2023. Every time it has given a run up of 100-150%. But this does not guarantee. Hence as price keeps giving breakouts positions can be built.

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LODHA rose from 430 in Apr 2021 to 1500 in Nov 2021. Made a top 1540 and formed a falling wedge pattern. From the top price fell 50% in 5 months. This is like the covid fall. Hence whoever regrets investing during that period, this is the same thing. But there is a fact that some stocks also go to zero when they start falling. Therefore it should not be the reason...

Sumanyu_Aggarwal

Price is forming a double top pattern with a supply zone of 2450-2700. Doing further analysis. It is a part of the Plastic Products sector. ASTRAL is also in the same sector. Astral is also near a breakdown point. ASTRAL and SUPREMEIND are the biggest companies in the sector. Hence there is something happening all over the sector. Therefore it does not mean that...