Sumanyu_Aggarwal

Sumanyu_Aggarwal

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...

Sumanyu_Aggarwal

Stock got 178 times in the previous 10 years. It started from Rs 15 in Jan 2012, went till Rs 2650 in July 2022. It has formed a trend line in all this journey. Price is now near it and waiting for a breakout or a breakdown. Hence it is a crucial point technically. To know the next trend and extent of it one can study the stock technically and fundamentally.

Sumanyu_Aggarwal

It has taken 6 years of consolidation to form this triangle pattern. Price is also near its 18 year old upward trendline. It is also near the point of breakout or breakdown. Hence it is important to study the stock now.

Sumanyu_Aggarwal

Stock went from 415 in March 2022 to 3800 in April 2022.A 9x growth in 2 years. It is now consolidating in the range of 3000-3800 for 9 months. Will this give birth to a new upward trend? It will be interesting to watch. Hence technically it is sideways. But fundamental analysis can be done to know the direction and extent of a new trend.

Sumanyu_Aggarwal

APLAPOLLO moved from a low of 110 in March 2020 to 660 in March 2021. After that the trend slowed. From 660 to 1200 in 22 months, it is 80% return in 2 years. It is not less but looking at previous trends it seems sideways. Hence price has formed a Flag pattern.

Sumanyu_Aggarwal

On a monthly log chart. TATASTELL is forming a falling channel pattern. Starting from the top of 153 to the low of 83. It is near the breakout point of the channel.

Sumanyu_Aggarwal

JSWSTEEL has a supply zone of 745-780. Price is respecting the levels for 20 months. It has also formed an inverse head and shoulder pattern. It’s break out would lead to all time high levels.

Sumanyu_Aggarwal

On the monthly and log chart, price is near a long term trendline. It is a 8 year old trendline starting from the low of 26 in 2004 and valid up till now. Price respected it more than 3 times and the same thing seems to happen now. Hence it is important to see the stock.

Sumanyu_Aggarwal

It seems stock only knows the flag pattern. On the monthly chart it has formed continuous 3 flag patterns in the past 20 years. Every time before starting a new flag it comes near the trendline. Same thing is happening now. Hence will history repeat itself. Therefore it is important to study the chart.

Sumanyu_Aggarwal Updated 

Price is forming an equilateral triangle pattern. It started in January and is yet to give a breakout on either side.

Sumanyu_Aggarwal

Price went from 180 to 1180 in 16 months and then consolidated between 890-1180 forming a flag pattern. It seems to have breakdown with decent volume. At Least it is a sign of caution for all the long term investors of DCMSHRIRAM that could start to fall. Hence it is time to look at your positions.

Sumanyu_Aggarwal

Price is forming multiple patterns on the monthly chart. 1. Flag and pole Price moved from 74 to 740 in 20 months and then was consolidated. 2. Cup and handle 3. Triangle 4. Triple top It is forming a supply zone of 780-880. Hence it is important to look at the chart.

Sumanyu_Aggarwal

Price is forming a flag pattern on the monthly time frame. Price moved from 260 to 1140 in 10 months and is now trading in the range of 980-1230. Hence forming a flag pattern. Technical analysis works better on higher time frames. Hence it is the time to study the stock.

Sumanyu_Aggarwal Updated 

Price is facing difficulty to go beyond 7250-7300 levels since December. Looking at the option chain 7200 CE for 25 jan expiry has highest open interest, trading at a premium of 140. 7350 becomes an important level from the option chain perspective as well. Overall this will tell you the behaviour of stock at various levels.

Sumanyu_Aggarwal

Simply drawing two trend lines on a log chart gives us a clear demand zone. It has been working for the last 22 years. Price is again in that region and testing the patience of investors. Will it start a new trend, only time will tell. Hence it is the time to study business fundamentally.

Sumanyu_Aggarwal

Honeywell Auto is near a 14 year old trendline. It is a log chart. It has a tendency to trade in flag patterns​​. Both trendline and flag started in 2009 and is still continuing. Every time before giving a breakout it comes near the line. It has happened in the past twice. Same thing is repeating now. Therefore it will be interesting to see how everything plays...

Sumanyu_Aggarwal

PIIND near a 10 year old trendline. It was once broken in March 2022 but closed well above the line. It is also forming a double top pattern​​. Therefore it will be interesting to see how everything plays out. Hence it is at an important position to study business from various other perspectives including fundamental analysis and cycle analysis.