Sumanyu_Aggarwal

Sumanyu_Aggarwal Updated 

LT is forming a rising channel pattern. But huge intraday and overnight moves leads to difficulty to trade. The pattern started in January and is still continuing.

Sumanyu_Aggarwal

Price is forming a falling wedge pattern and is on a support level. After the fall of 2020 price crossed 560 and then never closed below it on a month on month basis. Although it went below it 2 times it bounced and closed above 560. Also if we plot volume profile from Jan 2022 to Jan 2023, POC comes at 580. Hence it is an important time to study the stock and the...

Sumanyu_Aggarwal Updated 

The volatility is now reducing and price is forming an ascending triangle pattern. So far breakout is pending on either side.

Sumanyu_Aggarwal

Chart is forming a triangle pattern. Price has fallen 18% from the top of Nov. It is also forming a triple bottom in the base of a triangle.

Sumanyu_Aggarwal

Price has been trading in a downward channel since November. Like Kotak bank it also forms a downward channel. But it is still trading between the channel and far from giving a breakout.

Sumanyu_Aggarwal Updated 

KO is trading at lower support of the triangle. RSI(10) trading near the support but it is in a descending triangle pattern.

Sumanyu_Aggarwal Updated 

From past 5 trading sessions nifty is repeating its candlestick pattern, formed in October 2021. I have copied data from 13 oct to 20 dec 2021. Pasted it on 28 oct 2022. So far it is perfectly telling whether the high or low of the previous day will be broken.

Sumanyu_Aggarwal Updated 

On a monthly chart, stock is forming a rising wedge pattern. Now it is near resistance and volume on the monthly chart is also decreasing.

Sumanyu_Aggarwal Updated 

It fell more than 70% from its high, and recovered more than 80% from the low, then again it is falling. Case 1 In Jan 2004, the same thing happened. First fell more than 60%, rose 40% and again fell 54%. Then started to rally again. Case 2 In July 2011. First fell 75%, rose 110%, fell 60%. Then a strong rally. Case 3 Current situation. Fell 75%, rose 85%. Now...

Sumanyu_Aggarwal Updated 

Weekly chart of CAMS is forming a triangle pattern. Pattern might not be very strong, because it is extended a lot. But pattern is pattern and it has to be respected.

Sumanyu_Aggarwal Updated 

Chart has formed a diagonal head and shoulder pattern. It has been moving up since June forming a base in curve structure. Recently started to trade above 200 daily moving average.

Sumanyu_Aggarwal Updated 

CERA is in a downward channel. It is trading on the upper range of the channel.

Sumanyu_Aggarwal Updated 

TECHM is forming a double bottom pattern. With a base of 985-988. Although it broke the triangle pattern yesterday and fell down. Overall two patterns are contradicting each other.

Sumanyu_Aggarwal

Stock made a high of 370-380 in Sep21 and then fell 75% to $172 in Nov22. It is not new for it. Stock fell more than 60% in 2001-2002, 2004-2005 and 2007-2008. With all of that on a log chart it is forming a rising wedge pattern. 172 is important. Firstly it was the lower end of the wedge and second it has always been a major support for the stock. Looking at the...

Sumanyu_Aggarwal

ZTS broke a trendline formed on a log chart. It is formed by joining the lows of 2016 and lows of 2020. But recently it broke and price is consolidating near the trendline. Hence it is the time to study the business and make further decisions.

Sumanyu_Aggarwal

132 is an important support as per the chart. In June 2018 price closed above 132. Since then 53 months have passed and the price fell below 132 seven times but never closed below it on a month on month basis. In Conclusion 132 is an important level and it is at a crucial point to study the business from various other perspectives.

Sumanyu_Aggarwal Updated 

Price is forming a triple bottom pattern with a base of 325-326. 330 PE of Jan expiry trading at Rs4.30 has highest open interest. Indicating 325 as an important level.

Sumanyu_Aggarwal Updated 

Google is trading near crucial support of 85. It is crucial because of the history of the chart. Price bounced and rebounded more than 8 times from the same level on. It is also trading at a lowest price to earning ratio of 17.5 with a net margin of 20%. In summary, price says fundamentals have more room to correct. Fundamentals say the worst is almost over. So...