Umang_Sharma

Umang_Sharma Updated 

their is a breakout in jubilant food works i have been tracking this stock for few days now and waiting for this breakout to take palace. . Best stop loss would be below the immediate swing that is at 2240 levels. . Trade with calculated risk, next best entry after retracement at 2319.

Umang_Sharma Updated 

infy is making a triangular pattern is on the verge of breakup. Stop-loss must be below the immediate swing. . Reason to Buy: 1) Formation of a triangular pattern. 2) Bollinger Bands showing consolidation. . Possible breakout in upcoming few days. After breakout retracement is possible at the same levels and momentum will continue after that.

Umang_Sharma Updated 

Keep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame. . Reason to Buy: 1) Formation of inverted H&S pattern. 2) Taking support at crucial support zone in daily time frame. . Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels. . Take trade by...

Umang_Sharma Updated 

Voltas is forming a triangular pattern in 1 1 hour time frame and taking support on daily time frame parallel channels. . I'm expecting a break out in near time. Keep an eye on this stock expect a good rally whatever side it breaks. . Planning to trade for Intraday or max 2-3 days in holding. . Stop loss must be below the immediate swing or support level.

Umang_Sharma Updated 

Keep an eye on BPCL it is on its verge of breakout. As you can see their is a formation of triangular pattern which is consolidation for few days not level is shrinking to the verge of breakout.

Umang_Sharma Updated 

Tata Motors is holding higher levels in daily as well as a one-hour time frame. . Reason to Buy : 1) Healthy retracement at 0.236 fibo levels. 2) Major breakout in the daily time frame. 3) Holding higher levels and forming pole and flag patterns in a one-hour time frame. 4) Retracing back to the previous halt level (Purple-Box). . Safest entry-level at 155.25. I...

Umang_Sharma Updated 

Manappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today . Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area). . Upcoming support zone will be around: 134.50. Good Shorting Opportunity. . Stop-Loss must be over the immediate resistance level i.e...

Umang_Sharma Updated 

Hero Motocorp is trading at breakout levels of 2890.20 in 1 hourly time frame, their is a high possibility of breaking out of this stock. . Reason to buy for a weekly position: 1) Trend-line in the daily time frame is broken. 2) Triangular pattern breakout. 3) Upward momentum with good volume. . Wait for price action then trade, current view bullish. Retracement...

Umang_Sharma Updated 

There was a Breakout in channel pattern in the daily time frame + triangle pattern breakout. . Planning on shorting it for intraday tomorrow.

Umang_Sharma Updated 

Keep an eye on Asian paint it is on its very verge of breakout. There is a possibility of one more retracement in nearby time. Sellers fail to bring this stock down multiple times in 1 hr time frame. . Reason to buy:- 1) 2000 is psychology level breaking above which will be a good move. 2) Reduction in seller's strength to pull this stock down (Mentioned in the...

Umang_Sharma Updated 

Zeel is at the possible breakout stage of a monthly trendline in daily as well as 1 hourly time frame. . Reason to Buy: 1) Healthy 'W' patten break out. 2) Buyers dominance at lower levels. 3) Monthly trend line break out. 4) Increased volume levels. . Best place to enter at 225.00. SL should be at previous support i.e near about 215.50. . PS: Stock is known for...

Umang_Sharma Updated 

IOC is testing lowe levels of its daily time frame keep an eye on the following levels:- . 83.55 - below which is the Selling Zone (immediate selling might happen) if fall Target 1 : 82.40 . 84.65 - above is the buying zone wait till it closes above it if rise Target 1 : 85.65 . testing levels:- Might test levels of 85.65 which is a resistance zone in the...