VigneshIyer

VigneshIyer Oct 4, 2021

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  Oct 4, 2021

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  Oct 4, 2021

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...

VigneshIyer Oct 1, 2021

The black lines marked are Resistances and support on closing basis. This is for educational purpose only and not a buying recommendation

VigneshIyer Updated  Sep 29, 2021

Stock has seen sudden surge in volume on 15 mins charts. The price action is in play here. On looking into higher time frame stock is seen hitting multi year resistance soon with a pretty V- shape recovery seen post covid. with volume surge it has a reasonable chance of breaking above 409 in few sessions. Sl here ideally would be 365-370. Disclaimer: This post is...

VigneshIyer Updated  Sep 27, 2021

The stock technically is consolidating with lower rsi with lower volume seen. The upper and bottom levels of triangle should be respected level as resistance and support (SL) on closing basis for a breakout or SL as the case may be. Target is roughly calculated at 1959 by end of year possibly. This is not a recommendation but merely for educational purpose. Any...

VigneshIyer Updated  Sep 27, 2021

This post is in continuation to the earlier trade in same scrip which we managed to observe from 620 to 880 in few session. The stock has since retraced to lower level. The link to that idea is added at the bottom. Here without considering the upper shadow of the candle the triangle breakout could give you a possible target of 800+160 =960 based on length of the 2...

VigneshIyer Updated  Sep 27, 2021

Prices of Ethyl acetate and Acetic Acid have increased in last week which might ensure some rally is there. The stock is hardly trading at pe of 8 with strong Cash flows seen in last 4 quarters. Good Volumes were seen in last few days after a gap of few months

VigneshIyer Updated  Sep 16, 2021

A typical triangle pattern with the squeeze coming for a breakout. only small concern here is the volume part which is not yet here. One may enter the stock in such situation with a small sl of 2-3% . Disclaimer : The above analysis is for education purpose . One must do their own due diligence before taking any trading position.

VigneshIyer Updated  Aug 30, 2021

Looks good for a descending triangle but the breakout is not immediate. Purely from technical point of view the stock needs some volume to b/o or if no volume found the stock would move between the bands that are marked in the charts. . Ideally the sl should be 1300 on closing basis of weekly closing. Targets possible above ath level is height of the triangle...

VigneshIyer Updated  Aug 24, 2021

One can follow the marked level to understand the stock breakout. Also the volume accumulation is quite visible. Hold with sl of 740 on closing basis for T +5 and sl of 700 for short term. Disclaimer : The post is for sharing my understanding of charts and hence educational in nature. One may do their own study before taking position in the stock.

VigneshIyer Updated  Jun 8, 2021

SMS life science has been doing quite well for some time now. After the earlier gapups formed back to back in Sept 2020 , the gaps were filled subsequently and it has been forming a type of penant. The numbers are going to be announced on 7th of june i.e tomorrow and caution should be maintained if the trade is executed. A good chance that the stock should...

VigneshIyer Updated  Jun 8, 2021

I just posted a chart on HUL making a descending triangle pattern and will try to link that idea to the sector chart. . As we can see the CNXFMCG tried to breakout of the previous resistance and failed to do so. With tata consumer rallying recently , HUL could follow the suit and FMCG sector could push out to make new highs in coming days. IF it fails to sustain...

VigneshIyer Updated  Jun 8, 2021

Sector analysis is one of the important aspects in trading a good momentum or capturing the right investment. FMCG might see some boost with unlock looming in few states. Thought Tata consumer has moved recently, HUL looks lucrative in terms of the positioning of the stock . The stock failed to breakout and hence the squeeze continues. Also the stock has taken...

VigneshIyer Updated  Jun 8, 2021

The classic case of C&H for me (in formation stage). AS of now its 14 weeks since the possible pattern has started to form and could take another 8-12 weeks for the rest of the pattern to form. The upper side of cup should be around 2800-2820 levels. the pattern renders invalid below 2380-2400 levels. . The idea behind this post is to find the pattern before the...

VigneshIyer Updated  Jun 8, 2021

Zensar tech is forming cup and handle on the charts but the right part of the cup is yet in making. An ideal or theory on cup and handle says that there needs to be prior uptrend in the stock before the pattern is being created as we can see with the yellow arrow. A correct C&H patterns forms anywhere between 8-24 weeks , higher the time frame better the chance of...

VigneshIyer Updated  Jun 3, 2021

Not a classic flag breakout since the upper part of the pole is a shadow hence clearly the price dint sustain at that level. Q4 numbers are announced hence might see some consolidation (maybe a week or 2) before breaking out with targets on upwards of 850+. Q4 numbers are quite decent. Pattern invalid below 620 weekly closing. Disclaimer: I am not a sebi...

VigneshIyer Updated  Jun 3, 2021

Having been keeping tabs on this for sometime. Today last 15 mins candle saw some action with volumes and price rise in good sync. If it continues we could see breakout from the triangle. Post b/0 188 is the only resistance for the stock. SL below this weeks candle. Disclaimer : I am not a sebi registered analyst. This chart is purely for sharing my techniques of...