TheWizardsZone

TheWizardsZone

If the breakdown sustains a correction to 14,800 is possible

TheWizardsZone

After almost a one month of bounce back, it has resumed its downtrend. Watch out for EMs and Metals.

TheWizardsZone

With the big mind set change of the Government towards PSUs over the last 1 year (stopping of CPSE offers, announcing Privatization of BPCL and CONCOR Last Year) and now a clear vision being communicated in the Budget...CNX PSE Index is gearing up for a big take off...if we go by the charts if the breakout sustains above 3100 then we are talking above a move...

TheWizardsZone Updated 

Those who think DLF has run enough....think again...Stock is coming out of 10 Years consolidation...if real estate story is indeed turning for real then this story has lot of legs to go up

TheWizardsZone Updated 

It can be Pizza Party Time After Results

TheWizardsZone

Post the Budget, the 10 Year Yields are on the Rise and Bond Prices have started to correct. It would be interesting to see how it reacts post RBI Policy. If there is a breakdown, then Equity Markets may have a new wall of worry to tackle.

TheWizardsZone

Volumes have picked up....breakout on 15 min chart above 248

TheWizardsZone

Double Top Breakdown and decisive move below 200 SMA seen. If it sustains below then a move to INR 3,800 can't be ruled out

TheWizardsZone

Reliance is showing signs of bouncing off from a trend-line support and it has also tested 200 SMA in the process. Worth attempting a positional long here with SL below INR 1850.

TheWizardsZone Updated 

Trendline Support; Possible Double Bottom and 21 EMA Support. Worth going long if this support holds

TheWizardsZone

Lets see if the support holds

TheWizardsZone

With Grasim's decision to enter the paint segment and intensify competition, may be some investors are taking prudent decision to book healthy gains made over last few years. Stock has technically given a breakdown from a double top pattern and broken below 21 EMA. A test of 55 SMA is on cards. Let's see if it takes support there or make an eventual move towards...

TheWizardsZone

Bank Nifty has trend-line support and channel support near the current levels. Will be closely watching reversal signals to take a long trend on this

TheWizardsZone Updated 

Stock is breaking out after almost 3-4 months of consolidation. Go long @1975 and buy more on any drop towards 1900. SL if it closes below 200 SMA. Target would be retest of recent highs

TheWizardsZone Updated 

Post publishing of their Q3 results, strong breakout is on cards backed by strong pick-up in volumes. If the breakout sustains then a target of INR 800+ is on cards. SL 20 EMA

TheWizardsZone

We may be under the impression that Jinal Steel and Power has rallied enough as it has reclaimed the highs of 2017-2018. However, if we look at the long term charts it is on the verge of a 5 year breakout. It can do 550+ on a positional long trade. Stop loss if it closes below 21 EMA on closing basis.

TheWizardsZone Updated 

Buy above 10.75 for retest of recent highs of 13. SL below 10.5 once breakout is confirmed

TheWizardsZone

Multiple breakouts at play now. First there was a inverse H&S breakout (ref green line). Now, there is a breakout on cards from an important resistance level of INR 1,600. If both the breakout sustains then INR 2,200 and INR 2,400 is on cards.