TheUnlearningOne

TheUnlearningOne Updated 

Double bottom chart pattern formation visible, with level of 720 acting as important support zone. Might see price consolidation zone between 907 and 1008, with momentum gaining ground once the level of 1010 is crossed. Currently, the structure looks good, with the price also above the 40 weekly moving average. However, always keep a stop loss of 5-8%. Note:...

TheUnlearningOne Updated 

With a support zone at 518, can expect an upmove if the price overcomes 560 and 585 levels. Resistance of 585 needs to be breached. Follow strict stop loss always.

TheUnlearningOne

On a daily chart, the stock recently reclaimed the 200 day EMA with volume and is hovering above it. Breakout above 2352 with initial resistance at 2416. Might see price consolidation in this zone. Watch for positive price action above 2416 with volume. 2260 - 2240 are important nearest support zone. However, do always keep a stop loss between 5-8%. Note:...

TheUnlearningOne Updated 

After the high of 739.85 the stock corrected almost 50% with strong support at levels around 370-375. Double bottom formation with stock price closing near the 40 weekly moving average. The price crossing the 40 weekly moving average with good volume would be a positive sign. Important levels to watch: 416 which is the neckline with initial targets of 427 and...

TheUnlearningOne Updated 

Today, Yes Bank broke the 28 week consolidation high of 15.05 with good volume. But ended closing marginally below at 14.70 Important to note, it crossed the important levels of 50, 100 and 200 day Moving average and closed above it. This can be a positive sign for the stock. However, the next few days are important to see how the price behaves. It might...

TheUnlearningOne Updated 

It has been making higher lows and can see formation of a symmetrical triangle. Key levels to watch between 2165 and 2220. Above 2220 can see price going up to 2376 which can act as resistance zone. Further price action above that level can be deemed positive. Keep a strict stop at 5-8%. Not a buy sell recommendation. Do consult your investment advisor.

TheUnlearningOne

Formation of a symmetrical triangle pattern. Key levels to watch are 222, 237, 253 and 287 on positive momentum. Above 287, can see a breakout move given the consolidation phase the stock is in since the high. 188-175 can act as important support zone. However, price breach on the downside at 165 can see the stock price even go lower till 150 level. Always...

TheUnlearningOne Updated 

This week the price closed marginally above the 40 weekly moving average. Important to note levels above 2675 as it could create momentum for an upward move. Above 2800, it might touch its high of 2856 and even move higher to 3000. Trade with a stop loss of 5-8%. Note: Not a buy/sell recommendation. Do your own research and consult your investment advisor.

TheUnlearningOne

From among the IT Pack, Infy is the one I'd love to keep a watch on. From the high to a 30% correction, the stock is slowly inching its way up. Forming a double bottom pattern, the current price is hovering near the neckline. Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards. The stock has strong support at...

TheUnlearningOne Updated 

Breaking out of the zone above 1064, the 5 year price high of 1094.95 last achieved on 2 May 2017, broken. 7 year price high of 1247.65 last achieved on 3 Aug 2015 can act as immediate target and resistance. Probable target: 1373 Keep a stop loss of 5-8%. Note: Not a buy and sell recommendation, do your own study and consult your financial advisor

TheUnlearningOne Updated 

The stock is currently trading in the range between 385 and 450. Significant price action can be seen beyond 450. The price of 385, at the neckline, can act as a good support zone. Also on a weekly chart, the stock price is also trading above the 40 weekly moving average. Trade with a stop loss of 5-8%. Note: Not a buy/sell recommendation. Do your own research...

TheUnlearningOne

The stock price is trading above the 50 day Moving Average at the current market price of 222.20. It is still under the consolidation zone. Price movement above 236 will signal the breaking of that zone. However, 246 will act as a strong resistance level. Momentum will come once this level is crossed. See strong support at 210 if the stock fails to gather...

TheUnlearningOne Updated 

SBI looks to step out of the consolidation zone after forming a double bottom pattern. Will watch the levels of 473, which is the daily EMA. Once this level is crossed, expect some good momentum in this stock. Always define your stop loss between 5-8% if your trade fails. Do read my previous analysis on State Bank here..

TheUnlearningOne Updated 

Levels between 1496 and 1547 are to be observed. Upward momentum can be seen once 1547 is crossed, with resistance around 1650-1660 levels. Upward of 1660 could see strong momentum till 1750 levels in the short to medium term. Support levels around 1460 and 1400 levels. Do plan your trade with strict stop loss as per your risk management strategy. Note: Not a...

TheUnlearningOne

After a year long consolidation, we can see a formation of a cup and handle pattern and an ideal buying zone for this stock. Initial target: 3330. Stop loss: 5-8% Note: Personal analysis. Not a buy/sell recommendation. Do consult your investment advisor.

TheUnlearningOne Updated 

Will observe price action between 82 till 92. This range will define how the stock does going forward - whether it takes the upward move, goes sideways or pulls back to its prior support levels of 70, 66, 60 and 55. RS line is trending up, with the price above the 10 week moving average line. I would hold a bullish view above 92 with strict stop loss of 5-8% if...

TheUnlearningOne Updated 

Formation of bullish to bearish trend reversal head and shoulder chart pattern on ICICI Bank. Important level to watch is the neckline of the pattern around 843.

TheUnlearningOne

As the stock emergers out of the consolidation base, the levels of 244-250 are important and can be buy zones. If it sustains the upward momentum, expect an initial target of 270 and a secondary target of 290, with stop loss at around 230 levels. Relative strength displays an upward bias at the moment and the stock is trading above 50 DMA. Note: Consult your...