TheUnlearningOne

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.

TheUnlearningOne Updated 

From its breakout at 483, the price reached a high of 591 to end the week at 573. Will wait and watch the zone between 543 and 586 for tight price consolidation with an upward tilt. Breakout above 586 with supporting volume will be positive. Target of 686 and can be revised based on further stock movement and strength. Keep a strict stop loss as per your risk...

TheUnlearningOne

The stage analysis of my buying and selling of Delta Corp is to bring home the point that it is always good to sell when the stock is in strength. I missed selling in strength and also my biasness caused me to delay the sell, even when the stock started showing signs of technical weakness after making a climax top. Learning for trading: Book profit when the...

TheUnlearningOne Updated 

At the current level I see a tight price action range. Watch out when the price makes a significant move above 7800 (R1) and 7962 (R2), supported by volume action. Price trading above 21, 50 and 100 EMA. 6754 and 5700 acts as strong support zone. And always keep a stop loss of 5-8% if the trade goes wrong. Note: Not a recommendation, but a personal analysis.

TheUnlearningOne

After breaching the 5 year high of 570, we can see a base upon base formation, marked as base 1 and base 2. 750 is an important zone, we can see good price move upwards once this level is crossed convincingly. Immediate support level is 674, below which, the level of 570 will act as good support zone. Important: Not a buy/sell recommendation. Always keep a...

TheUnlearningOne

Interesting price action on Indian Hotels at current levels. Please read my previous analysis on Indian Hotels here... Still bullish on Indian Hotels, with short term target of 288 and long term target of 330. PS: Not a buy/sell recommendation.

TheUnlearningOne Updated 

Breakout zone crossed after 4 year Buy zone: 70 - 80 Price movement above 80 - which is a strong resistant zone - with good volume can trigger a fresh movement till 108. Initial probable target of 108 Note: Define your stop loss always | Not buy or sell recommendation

TheUnlearningOne Updated 

Indian Hotels breaking out after 24 weeks consolidation. Need to watch how the breakout above 227 sustains in the near term. Price zone between 236 and 227 is important. This channel can act as short term consolidation area. Movement above 236 can add further momentum. Short term target of 288. Long term (12 months) probable target: 330. Note: Not an advise...

TheUnlearningOne Updated 

After forming a cup and handle pattern, the stock price is setup nicely at the buy zone above the breakout level of 2730. Medium term target of 3276. Trigger SL if price breaks down below 2543. Not a buy/sell recommendation

TheUnlearningOne Updated 

Reliance is trading in the channel with an upward bias on a weekly chart. 2600 and 2710 are levels to watch out for. Above 2710, 3253 is the next level where the price can meet resistance as per Fibonacci. Strong support visible at 2331, in case of retracement. Also, stock is above the 40 and 10 weekly EMA.

TheUnlearningOne Updated 

On Friday, the stock closed at 227.4, which is near the all time high price and multi year breakout level of 228.8 Buy zone between 214 - 228, is also a good consolidation zone. Can see good momentum in the stock price upward of 228. Initial price targets of 250 and 275 in the short/medium term. However, one must manage their position based on their risk...

TheUnlearningOne

The chart has formed a double bottom formation with pivot point at 398. 383, 398 and 412 are also important support and resistance zones. Keep a close watch on the price action in these ranges. The overall trend is positive though the stock my consolidate in the range between 369 and 383 in the short term. Beyond 383, 398 will act as immediate resistance and...