TheUnlearningOne

TheUnlearningOne Updated 

I see significant traction above 764. With a strict stop loss at 5-8%, one can take positions based on one's risk management. Note: Not a buy / sell recommendation. Do consult your financial advisor.

TheUnlearningOne Updated 

With a bullish candle formation on Friday, the upward momentum looks promising in Praj Industries. Sustaining price levels above 390 is important. On the positive side, then one can expect initial target of 410 and 440. Beyond 450 can see substantial move on the upside. Support level at 365 and 350. Below 350 one can initiate stop loss. Not a buy/sell...

TheUnlearningOne

After making a high of 415, the stock has shown weakness. Currently, I can see formation of bearish flag pattern, which is a continuation pattern. Can expect further correction in the stock price. Another important thing to note is that the stock price is below the 50 day moving average. For any positive up-move, will wait for the price to move above the 50 day...

TheUnlearningOne Updated 

The stock price action in KPIT Technologies look good, given its move from around 450 levels to 569. Breakout above 590 will add some momentum for it to go till 625 and 650 levels in the short to medium term. Good support in the range between 540 and 525, below which it has strong support at 455. Always trade with a stop loss. Note: Not a buy/sell...

TheUnlearningOne Updated 

From the highs of 298 to 190, and then an up-move to 237 where the stock finds immediate resistance. Might see price consolidation between 240 and 226. Above 240 we might see a move towards 255-260 levels. Support at 220 and 217 levels. Always define your stop-loss before every trade. Note: Personal analysis. Not a buy/sell recommendation. Do consult your...

TheUnlearningOne

A few pointers on why Stop Loss is a necessity for those who trade.

TheUnlearningOne

As the stock moves up over the 200 EMA, it is time to pay attention to this stock. Strong uptick in volume and gradually increasing RS line. Targets of 1380, 1450 and 1580 if it builds on momentum. Support zone at 1200 and 1150 and 1050. Always trade with a stop loss. Note: Not a buy/sell recommendation. Consult your financial advisor

TheUnlearningOne Updated 

Coming out of 26 weeks consolidation, the stock price gave a breakout at 150. Buy range: 151-164 Stop loss: 5-8% A price move above 164 and we can see initial target of 184. If the momentum continues can see target of 211 and 227 in the medium to long term. Note: Personal analysis, not a recommendation

TheUnlearningOne

The stock is on a multi-year high, closing above the level of 261 last achieved in February 2006. Bullish candle formation on weekly chart with increasing volume and strong RS line. On the upside, can expect target of 365 in the medium term. Might also see price retracement till the level of 204 if the momentum fails to sustain. Strong support at 185-200. Not...

TheUnlearningOne Updated 

ITC nearing two year high... Today ITC closed at 259.45, very close to the 2 year high price of 266.3. The stock price looks bullish and any movement beyond 266 will take it to 282 for the initial target. Based on further action, the stock has probability to reach 310 once it crosses 282 with good volume and momentum. Stop loss at 246. RSI on weekly chart is...

TheUnlearningOne Updated 

Observe tight price action for a couple of weeks between 690 and 719. Price breakout above the pivot of 719 would trigger an upward move. Always keep a strict stop loss as per your risk management. Here's my previous analysis on Uflex...

TheUnlearningOne Updated 

The stock has been on a upward curve from the levels of 187. Also, it looks strong on the relative strength parameter. Today, it broke out from a cup like formation at 228. Ascending triangle pattern formation is visible with breakout zone above 242 and support at 228. Resistance levels around 251 is critical, the breaking of which would push the stock to 270...

TheUnlearningOne Updated 

Keenly watch the price behaviour in the range between 710 and 724 as these are important levels. Beyond these levels, the price can have a substantial up-leg. Can see targets of 790, 825 in the medium term. Can expect price retracement between 675 and 645, below which levels of 624, 573 and 540 are major support zones. Always keep a stop loss. Note: Personal...

TheUnlearningOne Updated 

ICICI Bank looks bullish and is trading above the 200 day moving average. Can see a upward move to 840-870 in the short to medium term. The neckline of a double bottom pattern at 756 can act as a support, however, if that breaks 733 is the next support zone. If 733 fails to sustain on the downside then a move below 700 is possible. Always plan your trade with...

TheUnlearningOne

On Friday, Oriental Hotels broke out from the resistance level of 70 to close at 73 levels, on good volume and with a bullish candle. If it sustains the momentum, we might see the price levels of 88. On retracement, 73-70 levels can be good accumulation zone. Strong support for the stock is visible at levels of 62, below which one needs to be cautious. Also,...

TheUnlearningOne Updated 

The stock is currently under consolidation and we can see a formation of symmetrical triangle pattern. On the upside, 275 and 282 are important hurdles to cross before any significant upward momentum. On the downside, I see strong support at 258. Important to note that the stock has found support at or near the 50 day EMA at every downside.

TheUnlearningOne Updated 

After a drop from 300, the stock has formed a strong support at 180. Current price action display a potential upmove for the stock above 209 levels. For postional target of 220, 230 and 240 in the short to medium term. Have a stop loss at 5-8% if the trade doesn't go as per plan. Note: Not a buy/sell recommendation. Please consult your financial advisor.

TheUnlearningOne

For the bearish engulfing pattern, there are 3 criteria: 1. Market has to be an in an uptrend. The VRL price was in an uptrend until it reached its high and then the bearish engulfing pattern formed. 2. The second body of the pattern must engulf the prior real body. Here, both the engulfing patterns marked in the chart, display these characteristics. 3. The...