NSE:SUNPHARMA Hello all! Sunpharma has been trading in a channel since March 2020. It's now at its lower trendline and has broken trendline 1 as well. This generates an opportunity to go long! The stock is also supported by 50 day EMA which further strengthens the conviction.
NSE:KOTAKBANK Hello all! Kotak Bank has been moving in a channel since the covid crash. Its now at the lower trendline which generates a good opportunity to go long! There are multiple other factors which strengthen my conviction: -> Presence of 200 daily EMA -> Presence of 50 weekly EMA -> Stock is trading at its support zone -> It is trading between 50% -...
NSE:NAUKRI Hi all! InfoEdge (Naukri) has been following a channel since March 2020(Covid crash). It's now at the lower channel trendline and this I believe generates a good opportunity to go long! There are multiple indications that strengthen my conviction: -> Presence of 200 daily EMA -> Strong support zone -> Stock is between 50 -61.8% fib level (golden...
NSE:COLPAL Hello all! Colpal has been moving in an expanding channel and taking support from the lower channel trendline since May 2016. It's now back near it which makes it a good opportunity to go long. There are a few other factors that strengthen my conviction of taking this trade -> Presence of 200 Week EMA -> Presence of strong demand zone -> Stock is...
NSE:HDFCBANK Hello all! HDFC Bank has been trading in a channel since the covid crash. It's now on the lower channel trendline again which makes a good opportunity to go long because the stop loss will be very minimal. Also, the stock is between its 50% and 61.8% Fib Level and is trading in a very important zone which acted as a strong resistance earlier and...
COINBASE:ADAUSD Hello All! Cardano has been traveling in a channel as can be seen in the chart. After about 2 months of falling, it's now again at its lower trendline which generates a good opportunity to go long! Its also trading above its 50 daily EMA and has broken trendline 1 which was depicting its fall. These indications further support the idea of going...
NSE:HDFCLIFE Hello all! HDFC life is trading in a channel and is now again at its lower channel trendline and it makes a good opportunity to go long! There are multiple other reasons to go long: 1)Presence of a strong support zone 2)Support from strong 50 week EMA 3)Support from 200 daily EMA Furthermore, the Reward to Risk ratio is also favorable. The...
NSE:ICICIGI Stock -> ICICI Lombard TimeFrame -> Daily Hello All! ICICI Lombard has been moving in a channel. It has been taking regular supports from its lower channel trendline since July 2018. It's now back at its lower channel trendline and this generates an opportunity to go long. There are multiple reasons to support going long on this: 1) Support...
NSE:DABUR Hello All! Dabur has been trading in a channel and respecting the lower trendline since the covid crash. It is now back on the lower trendline which generates a good opportunity to go long! There are four major reasons supporting this: 1) Stock is taking support from its 200 daily EMA. 2)Stock is near its 50 Weelkly EMA 3)It's forming a bullish pin...
NSE:BHARATFORG Hello All! Bharat Forge has been consistently following the lower channel trendline since April 2020. It came on its trendline and has shown a strong bullish swing reversal with healthy volumes.The trendline 1 which depicts how the stock was falling has also been broken. This I believe has generated a good opportunity to go long! Along with the...
NSE:DALBHARAT Hello All! Dalmia Bharat has been following the lower trendline since Dec 2020. It's now again at the lower trendline and seems to be trying to reverse. This I believe is a great opportunity to go long. Besides the pure price action, it's also nearby the 50 day EMA. Along with that, the Reward to Risk ratio is also favorable. Risky traders may...
NSE:SRTRANSFIN Hello all! Shriram Transport is stuck in a flag and Pole pattern here. The Pole and flag patterns are famous for giving great breakouts. It's at the bottom trendline of the flag which I believe is a good place to buy as the Risk is too small and Rewards are big. Apart from the pole and flag, there are multiple other reasons to go long: 1) Stock...
NSE:BOSCHLTD Hello all! Bosch has been stuck inside a channel since March 2015. It has now finally given a multi-year breakout on a weekly timeframe with explosive volumes. This I believe is a great opportunity for a positional long. Apart from the pure price action, I have multiple other reasons for going long: 1) Support from both 50 week and 200 week EMA....
NSE:SIEMENS Hello all! Here we can see that Siemens is taking constant supports from the supporting trendline since Dec 2020. The stock is now again at its supporting trendline which creates a good opportunity to go long!. There are three strong reasons for me to take this trade: 1) The support zone at 2150 levels 2) The presence of a strong 50 day EMA 3)...
NSE:KOTAKBANK Hello All!! The chart is pretty much self-explanatory. There is a pole and flag pattern. Also, it's the bottom of the channel and is supported by a 50 week EMA. This is thus a triple confluence and thus makes for a really good long position. The Reward to Risk ratio is also really good. Do let me know your views on this. HAPPY TRADING!! *NOT A CALL*
NSE:HDFCAMC Hello all! HDFCAMC has been stuck in a triangle since Feb 2019. It has been consolidating ever since and has now finally broken the upper resistance trendline of the triangle. This I believe is a good place to go long. I have three major reasons for that. The first being pure price action i.e. a breakout with good volumes. Second, the stock has...
NSE:MFSL Hello all! This one's a bit complex. Please bear with me!! I'll try my best to explain. MFSL has been trading inside a channel since March 2020(Covid Crash). Based on the stock's movement, a new trendline apart from the channel trendlines has emerged. We can see that the stock has been taking support from this supporting trendline since August 2020....
NSE:INDIGO Hello all! There is a pole and flag pattern forming in Indigo. The stock has been consolidating inside the flag since November 2020. I see a long opportunity here and there are two major reasons for that. The first being pure price action i.e the stock being at the bottom of the flag. The second being that the stock is taking support from its 50...