NSE:MRF Stock ->MRF TimeFrame -> Weekly Hello all! MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long. MRF is already getting support from...
NSE:MCDOWELL_N Stock -> United Spirits (McDowell) TimeFrame -> Weekly Hello all! United Spirits broke out of the symmetrical triangle pattern on 27 September 2021. The stock since then has been consolidating ever since thus forming a flag and pole pattern and has now finally come to retest the triangle it broke out of. It makes for a good opportunity to go...
NSE:MRF Stock ->MRF TimeFrame -> Weekly Hello all! MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long. MRF is already getting support from...
NSE:TVSMOTOR Stock -> TVS Motor TimeFrame -> Weekly Hello all! TVS motor has been moving in a channel since April 2020. It came back to its lower trendline, took support, bounced back, and broke its earlier swing high with decent volumes, making for a good opportunity to go long! There are other indications that strengthen my conviction: 1) Support from both...
NSE:RELIANCE Stock -> Reliance TimeFrame -> Weekly Hello all! Reliance has been traveling in a channel. It's now back at its lower channel trendline which makes for a good opportunity to go long. There are multiple factors that further strengthen my conviction: 1)Presence of a support zone 2)Support from 50 week EMA The Reward to Risk Ratio also seems...
NSE:HINDUNILVR Stock -> Hindustan Unilever TimeFrame -> Weekly Hello all! Hindustan Unilever has corrected about 40% from its highs in September 2021. The stock has been in a downtrend since then and has been taking stiff resistance from trendline 1. It approached its strong support band of 1850-2000 and took a strong bounce from there with good volumes and...
NSE:VOLTAS Stock -> Voltas TimeFrame->Weekly Hello all! Voltas has been taking constant support from its lower trendline since May 2020. This then further transitioned into a channel in February 2021. After traveling in a channel for a few months, it's now stuck in an Accumulation/Distribution (A/D) zone since September 2021. Whether it's an accumulation...
NSE:ITC Stock - ITC TimeFrame - Weekly Hello all! ITC has been facing stiff resistance from the Resistance Trendline since July 2017. It finally broke that trendline in 1st week of April. The next Resistance zone lies between the price band of 280 - 290. Hence ITC will most likely retrace after hitting that resistance zone and that would be a good time to...
NSE:JSWSTEEL Hello all! JSW Steel has formed a flag and pole pattern. It has been consolidating inside the flag in May 2021 and finally broke out in March 2022. Also, the stock volumes have increased post-breakout which is a good sign. The perfect entry would be after the retest of the upper flag trendline because the stop loss will be minimal there. Although...
NSE:DABUR Stock -> Dabur TimeFrame -> Weekly Hello all! Dabur has been traveling in a channel since May 2017. It is now again at the lower end of the trendline and thus it makes for a good opportunity to go long from here! There are multiple other factors apart from the usual price action: 1) Stock is in its support zone. 2) Stock has taken a bounce off of...
NSE:ADANIPORTS Stock -> Adani ports TimeFrame -> Weekly Hello all! After a terrific bull run in 2020 and early 2021, Adani ports has been consolidating in a range since April 2021. It has finally given a strong good volume breakout after a year and this makes for a good opportunity for a long position. The perfect entry would be after the retest of the upper...
NSE:VBL Hello all! VBL has been stuck in a range since August 2021. After about 9 months of consolidation, It is now near its lower trendline and there are high chances that the stock might break out from here. Though the perfect entry would be after the breakout, accumulation in small quantities can be done here. *NOT A CALL*
NSE:SAIL Stock - SAIL TimeFrame - Monthly Hello all! Sail has been facing heavy resistance between 90 and 104 price band since May 2006. It finally broke that price band on April 2021 with a huge bullish candle and heavy volumes. It has now come back to retest the resistance-turned-support zone and has also formed a Flag and Pole pattern. The Perfect entry...
NSE:RAMCOCEM Hi all! Ramco cement is traveling in a channel since March 2014. It's again at the lower end of the trendline and also at a support zone. It makes for a good opportunity to go long! My conviction is further strengthened with these indicators ->Support from 200 week EMA ->Support from 50 Month EMA Risk is pretty less compared to the reward....
NSE:SIEMENS Hello all! Siemens has been moving in a channel since Feb 2021. It came back to its lower trendline, took support, and bounced off. It also broke the trendline 1. This I believe generates a good opportunity to go long! Apart from price action, there are other factors too which strengthen my conviction: ->Support from 50 day EMA ->Stock took support...
NSE:RELIANCE Stock - Reliance TimeFrame - Daily Hello all! Reliance has been following a trendline since March 2020. It came back to its lower trendline, took support, consolidated for a while, and bounced back. It also broke its previous swing high with healthy volumes. This generates an opportunity to go long! Besides Price action, Reliance also has...
NSE:UPL Hello All! UPL has been traveling in a channel since March 2020. It came back to its lower channel trendline, took support, and took off. It also broke the trendline 1 with good volumes. This I believe generates a good opportunity to go long! Besides Price action, there are other factors too which strengthen my conviction: ->Support of 50 day...
NSE:BALKRISIND Hello all Balkrishna industries has been traveling in a channel since March 2020. It came back to its lower trendline, took support, and took off. It broke the trendline 1 and its nearest resistance as well. All this makes it a good opportunity to go long! Besides these points, there are a few more that strengthens my conviction to go...