TechAnalysis123

TechAnalysis123

Stock after moving from 220 to 285 corrected 50% in 3 wave sequence and now starting new impulse wave, SL 250, target 315/345. Stock is trading above all important moving averages. PS: please consult your financial advisor before investing.

TechAnalysis123

Indian Bank after giving up move 96 to 150, have consolidated between 150 and 135 and in process have formed Flag pattern. Close above 150 will be BO of pattern. Stock is trading above all moving averages ie 20/50/100/200 where 20MA>50MA>100MA>200MA. MACD is about to give positive cross over.

TechAnalysis123

UPL limited ran from 250 to 550 and corrected 50% to 400. Stock has started moving higher again with volume and showing breakout confirming correction in stock has ended. Support for Stock is at 440/400 and stock can move high up to 700. PS: Please consult financial advisor before investing, chart and view is for learning purpose.

TechAnalysis123 Updated 

Eicher Motor has formed Flag and Pole pattern. Stock is trading today with higher volume. Stock giving close above 2220 on 1 HR candle willl confirm Breakout and will try to move to 2400. stock has support around 2175 levels. PS: Chart and view is only for purpose of learning, Please consult financial advisor before any investment

TechAnalysis123

Indusind Bank is trying to make Inverse Head and Shoulder patter, Stock is trading above all EMA (20,50,100,200). once pattern is broken, Stock has potential to reach 700+ levels. Support is seen at 595 level.

TechAnalysis123

Gold after correcting seems to be braking out again with volumes, indicating correction is over. Gold is having support at 49200 levels. MACD is showing bullish crossover. major resistance is near 51050, once crossed, move should be fast PS: Chart is only for purpose of education, please trade/invest after consulting with financial advisor.

TechAnalysis123 Updated 

Cadila Healthcare seems to have given Cup and Handle Breakout. we have long view on stock from 383 level. support at 405 level. PS: Chart is only for purpose of education, please consult financial advisor before investing

TechAnalysis123

Auro pharma is trying to make IHNS pattern on hourly charts. Breakout will be confirmed on sustaining above 850 level or crossing of 865 levels. pattern will be invalidated when price will sustain below 820 levels. overall Pharma sector is looking positive. PS: chart is only for purpose of education, please consult financial advisor before investment.

TechAnalysis123

RIL after giving Pole and Flag Breakout with high volume, was sideways to negatives till yesterday with low volume. In the process stock retested Break out level and have given upmove again today with increasing volumes. MACD on daily chart is trying to turn bullish and on weekly chart it is already bullish. Stock has good support at 2150 levels. PS: Chart for...

TechAnalysis123 Updated 

Maruti has given Pole and Flag Break-out. after giving break-out, stock consolidated sideways with lower volumes. today stock has again started moving up with higher volumes. Stock has support near 6800/6700 and will try to regain upper level of 7300. PS: Chart and view is only for purpose of learning, Please consult financial advisor before any investment.

TechAnalysis123

Aurobindo Pharma after making low around 290 levels , has made high of 960+ levels. Since then stock has been in correction and retraced around 38.2% till 730 levels. however stock has now given Inverse Head and shoulder pattern breakout on 1 hour chart. we expect long term prior trend to continue, support is around 790/740 levels. PS: chart and view for purpose...

TechAnalysis123 Updated 

as we updated in previous post, Nifty if able to hold 11500 support , will move to 11720-11750 zone. now Nifty is forming IHNS and if able to close above 11600, can move to 12000. MACD is also ready for positive divergence. Support are 11500/11470. Resistance 11800 above 11600 close. Note: CHart is only for educational purpose, please consult financial advisor...

TechAnalysis123 Updated 

Bank Nifty is making triangle formation and is trying to take support at lower TL. BN has support near 22250, if able to break above upper TL, then can go to 22800/23000. Note: this chart is only for purpose of education and not for trading.please consult financial advisor before taking any trade.

TechAnalysis123 Updated 

Cadilla Health care is looking good at 383, Stock has formed good base at 350 levls, Stock after making high near 411.5, corrected to 360 levels and bouncing from there. stock seems to be poised for good run in medium term. PS: This charts is not for investment / Trading purpose, it is shared only for educational purpose. Please don't take any trade on the basis...

TechAnalysis123

Maruti is formimg IHNS on 30mins chart, where support is around 7000 levels. CMP is 7035, SL will be below 7000,15 min sustain basis. once BO happens, move will be fast. Note: This chart and levels are for purpose of education, please consult financial advisor before trading

TechAnalysis123 Updated 

Nifty is making AB=CD pattern, AB leg is from 11185 to 11566.1. BC leg retraced at 50% approx. at 11384. now CD leg is from 11384, the shud move till 11750. Smaller AB leg is moving from 11384 to 11618, BC leg retraces 50% at 11500., now if 11500 hold, then Nifty should move till 11720. This analysis is only for purpose of Education, please consult your...

TechAnalysis123 Updated 

CNX Pharma looks bullish to me for 12400 unless 11000 is broken , where counts in charts will get invalidated. PS: This charts is not for investment / Trading purpose, it is shared only for educational purpose. Please don't take any trade on the basis of this chart. any other counts are welcome :)

TechAnalysis123 Updated 

IEX has broke Inverse Head and Shoulder pattern with good volumes. the stocks can show good movement in coming days. Support is near 188/170 levels. target can be 230/280. PS: This charts is not for investment / Trading purpose, it is shared only for educational purpose. Please don't take any trade on the basis of this chart.:)