TheUnlearningOne

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...

TheUnlearningOne

Maruti is near its 4 year high and is looking good. With strong support around 8329 and 7555. We can see good traction once the stock price goes above 9100 levels, with key resistance around 9572 and 9996. Beyond these levels, the stock will find good momentum. Never forget to keep a stop loss. Note: Not a buy/sell recommendation, but a personal analysis

TheUnlearningOne Updated 

After breakout above 210, the stock is in a consolidation zone, with price retracement along the 21 day EMA. Expect price to move up after crossing the 270 level. Stock is in an uptrend and above key moving averages, with a strong relative strength and volume activity. Always keep your stop-loss defined before you initiate a trade. Note: This is a personal...

TheUnlearningOne Updated 

The chart formation is worth a watch in BEL. Key levels to watch are 250 and 260 for strong confirmation on the uptrend. Do always keep a stop loss for your trade, preferably between 5-8%. Also read my previous analysis on BEL... Note: Personal analysis. Not an advise to buy/sell For those looking to subscribe to the pro versions of Tradingview can also use...

TheUnlearningOne

From the base of the cup pattern, the stock price has shown positive intent and risen almost 17% in three weeks. It is trending above the 50 day EMA, with key resistance at 245. However, there is a chance we might see consolidation in the range between 245-230, but overall the stock looks bullish in the long term. And, like I said earlier, the key level to watch...

TheUnlearningOne

In this chart I have explained my rationale using Moving averages, relative strength and RSI to initiate a buy on this scrip. I always use a weekly chart to check for overall trend and analysis and based on it will initiate a buy on a Daily chart. Explanations are given on the chart. The idea is get the maximum conditions in our favour for a profitable trade....

TheUnlearningOne

Coming out of a 28 week consolidation, where it also formed the inverted head and shoulder pattern, the stock broke its 4 year high on the week ending 30 May. Subsequently, in the following weeks it retraced back to its breakout level before bouncing back to settle at 1072 this Friday. The stock is above the key weekly EMAs of 10, 20 and 30, in uptrend and a...

TheUnlearningOne Updated 

Good structure on a daily chart pattern and price near the breakout pivot price of 4488. Can see price range between 4488 and 4178 before any significant move upward. Would prefer to keep SL at 4178 which can also act as a good support zone. Target of 5200 on a short/medium term. Always define your SL. Not a buy/sell recommendation.