VigneshIyer

VigneshIyer Updated 

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 

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 

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 

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 

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 

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 

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 

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 

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 

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 

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 

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...

VigneshIyer Updated 

The stock has broken out of both the above patterns and has a weekly close above the resistance line. Targets in such structure usually is the length of the pole. Also in such breakout the resistance line could be retested before further upmove. Please note I am not a SEBI registered Analysis. One should do their own analysis before taking a position in the stock

VigneshIyer Updated 

After giving a good breakout last week the stock has gone into consolidation and might see another day of consolidation tomorrow with 2 lines marked being immediate and small term resistance on 15 mins chart. Once 2 back to back green candles are attained above 692 levels plus 1 hr candle we might see a new move towards life time high. The black line below the...

VigneshIyer Updated 

The stock has slowly risen in this bull market in its own speed moving in the triangle pattern and breaking and sustaining above 445 which was a resistance and 200 sma on daily charts. If the stock sustains above 450 levels on friday then we may see a new channel in which the stock could move for rest of the month and the next month. 445 on closing basis would...

VigneshIyer Updated 

As seen above i have clearly marked the two support lines one for people who want to keep strict sl and 2nd one for risk taking people . The stock given decent volumes but good delivery after AGM has cooled off the volatility. Immediate resistance can be seen as 1404 which is closer to 200sma that is 1404-1405 levels, which wont be easy to break post which we can...

VigneshIyer Updated 

After the initial euphoria surrounding the remdesivir medicine, it seems the stock has consolidated well and is moving in range for some time now with lack of volume being observed. The stock is now close to giving a breakout anyday and with another 4 days of trading left this week lets hope for the best we get to see it this week. The charts are clearly marked...

VigneshIyer Updated 

A good volume breakout was observed 2 sessions back in M&M finance and the structure was intact after 2 trading session confirmed by a green candle today. Now the stock has potential to reach the target as highlighted in the chart above with the lower line which was the resistance line earlier becomes the support. . However there are 2 points to be noted: 1.) Next...