VigneshIyer

VigneshIyer Updated 

Time frame taken to form is 7-8 weeks till now. Another few weeks before pattern finishes depending on if it forms the handle or not. Sl at 1124. . This post is purely for educational purpose. One may do their own research before taking any position in this stock.

VigneshIyer Updated 

The formation is accurate but the volume doesnt correspond to the breakout making it high risk. One should maintain sl around 2-3% below cost ideally. Bull markets tend to create breakout out of almost any volume setup. The same thing would have been next to impossible in 2017-2018. Something to watch and learn and later archive it. Not a recommendation but only...

VigneshIyer Updated 

Stock in shorterm timeline took out 2-3 months higher levels. Now the stock is close to take down multi year b/o level. 725-800 could be the tough area , above which fresh impulse. My SL as trader if i take a position would be 695. Risk Reward 1:2

VigneshIyer Updated 

The stock is closing on multi year b/0 level. Caution here is , it failed to break the levels last time around. so maintaining SL is important. Disclaimer: not a reco

VigneshIyer Updated 

This stock has seen some strong conso for some time now and the fibo level 0.5 re traced from earlier big rally. Decent volumes have been spotted today with only 1 hr of market passed by. Could be a breakout from a stronger conso and dint participate in the recent rally of small and midcaps. As a technical analyst for me the medium term sl looks at 299 on weekly...

VigneshIyer Updated 

I observed this position yesterday but failed to post it. Anyways the stock clearly shows bullish move and above 1500 can even see fresh impulse. MAximum target here can be calculated as height of the triangle plus earlier high which is 1477. so maximum target is 1777 (1477+300). Since the breakout has already happened here risk reward is more like...

VigneshIyer

The stock in last session gained very well with 3 15 mins candle showing strong volume. The stock is close to breaking its may levels and might give it a try today. The breakout is not yet confirmed and 150 and 157.15 looks like hindrance for the stock Disclaimer: This is not a recommendation. Please do due diligence before buying

VigneshIyer Updated 

Most of the stuff explained in the charts itself. Volume in the stocks has risen and is at multi year highs if you compare to last few years. Quick movement makes it high risk . Disclaimer : This is only for educational purpose through technical analysis. One must do his/her own due diligence before taking any position in this stock

VigneshIyer Updated 

Long term movement happening inside the channel and weekly volume suggest that upper levels of channel wont be respected in coming days. Safe sl should be 199. Price action and hence only trading perspective makes sense. Disclaimer : Not a recommendation but just an observation

VigneshIyer Updated 

The stock saw similar rally during last result season before not meeting expectation. Some similar rally happening here and movement above 2300 can give further impetus. Risk reward unfavourable, but something to learn from. Sl should be 2199 if a trader enters The above analysis is not a Reco but mere observation. One should do his or her own due diligence.

VigneshIyer Updated 

Stock has been testing and retesting levels of 84 for some time. Ideally a high beta stock and situation requires strict sl at 79 rs. Reward is once it breaks 84 with volume then we might see 100 immediately as there was a gap down and the same needs to be filled. Watch out for those volume bars. Disclaimer: This is not a recommendation but just observation based...

VigneshIyer Updated 

follow up to all the chemical stock gaining there are only handful stocks left who havent contributed to this. One if this is akshar chem who saw some buying rage few weeks back. Here the length of the triangle gives a cheezy target of 630 but with the sector touching highs , build a position with caution. Sl can be 450 for short term trades Disclaimer: Not a...

VigneshIyer Updated 

A very high trade risk setup but surely good. The stock has seen amazing volume today probably a big buy and should see the multi year breakout done . Risk Reward 1:1. Possible stock should take the upper side of shadow of one of the earlier candles. Possibly 17200-17700 here on technical evaluation. Sl for me would be around 16400 ( 15 mins candle should close below it)

VigneshIyer Updated 

The stock lacks a bit of liquidity hence caution is advised here. Amazing channel movement in stock. If stock closes above 400 on daily/weekly basis then we can see HH in this stock. 400 is the levels to watch. Risk reward not so favorable. Disclaimer: Not a recommendation, Do your own due diligence before buying

VigneshIyer Updated 

A similar setup was seen in Sirca paints which is posted earlier. This is even better with volume breakout on daily and multi week b/o in weekly chart. Trail 20 EMA here for short term and 299 as sl for weekly closing basis. Can see 450+.

VigneshIyer

Not the accurate of Darvas box but a close resemblance to a textbook idea of DArvas. Some good volume today after the month of June. Sl for trader can be 4% below cost or 2450 on closing basis.

VigneshIyer Updated 

The lines are marked and its easy to identify the resistance and support here. Disclaimer: Not a recommendation but only for understanding how to read the charts

VigneshIyer Updated 

Not the prettiest of pennants I would say. In weekly charts the stocks looks in consolidation for sometime respecting 640 levels on weekly closing basis. Fresh impulse seen above 708-710 in charts but would need volume for the same. The length of the pole is 250 point and hence target looks roughly at levels of 1000 ( 750+250). RSI for the highlighed frame of few...