VijayBabuA

VijayBabuA

recently it broke out with high volume on daily chart. now it pull back on low volume and fallback to trendline support.

VijayBabuA

Chart pattern looks good. tight consolidation after making a dip at 1000 and sharp bounce to current level. conceding a rally of 33%. volume dried during tight consolidation. keep watch on this.

VijayBabuA

It is trading near resistance line on weekly chart. tight consolidating on weekly chart from last 6-8 weekly. volumes are drying. despite negative news. there is no breakdown. wait for breakout confirmation otherwise this could be because of distribution.

VijayBabuA

it has formed inverted head and shoulder pattern on daily chart. up volume higher in the recent days. pullback volumes are less. forming higher highs.

VijayBabuA

it's trading in a channel. currently it has touch channel bottom. lets see how it acts to channel support.

VijayBabuA

it has formed double top on weekly chart. however it is 10% away from support trendline. lets wait and watch how it reacts at trendline support.

VijayBabuA

it is forming flag pattern with tight consolidation. rallied more than 70% recently. watch out for breakout. very good volume during rally.

VijayBabuA

sharp rally in the last one week. rallied 50% within a week. 1 circuit away for away for consolidation. fib extension also suggests 1350 could be interim peak. revised lot size will be effective from 29 april. so I expect this is going to make a peak before going to long term consolidation.

VijayBabuA

it has been consolidating for quite some time after a mammoth rally. recent retest at 200EMA. has been consolidating near trendline. took support at 5EMA. wait for volume at breakout level.

VijayBabuA

it consolidation in a tight range after good raise with volume from 50EMA on weekly scale. all short term EMAs are colluded. formed inside candle. consolidation above short term EMA.

VijayBabuA

it is breaking 52W high. it will be good closing if closes 52W High. today is weekly close, watchout today's close considerable volume in last two weeks. sharp rally from lows after recent correction. showing relative strength to index. rallied 25% in last 2 weeks.

VijayBabuA

looks good on chart. formed a longer base. ready to break-out from base. bounce backed from 200DMA. trading above all short term EMA.

VijayBabuA

it is going to retrace to a major moving averages (or) it should form a longer base. higher volume during this fall. seems some big investor exiting. however on weekly time frame it is extended by 50% 20WMA. mean reversion in progress. one can look for 950 levels.

VijayBabuA

it seems like it has topped out for this recent rally. RSI forming lower lows.

VijayBabuA

Marked recent three rallies followed by consolidation. it has rallied 35% and above with in short span of time. consolidated after rally for some long time. moving averages cached up. almost all the time respected 20 or 21 EMA. most of the daily changes are less 2% during consolidation. Price never fallen more than 15% from top, when moving to...

VijayBabuA

second highest ever volume. converging moving averages. pocket pivot volumes. Negatives: Trading below all MA. Not from trending sector. i.e sector headwinds. No relative strength to index.

VijayBabuA

after consolidating with narrow candles it has fallen to 20W EMA with low volume. looks interesting chart on daily scale and weekly scale as well. Highest Ever volume on weekly chart between 60 to 80. script is already in stage 2. respected 100DMA three times so far.

VijayBabuA

it has rallied with highest weekly volume of the year in the last week. fallen from higher boundary of the channel this week with low volume. it may be in this channel for 1 more quarter. keep an eye on last week low.