INFY formed an inside candle on weekly chart after a big green candle formed in earlier week. if it closes below 524 levels on weekly basis, it can fall upto 430 lelves, which can act as a long term support. as NIFTY also in bearish mode, this target can be easyly achievable.
it started falling from 145, Now at 130 it will retest 100 levels again
It is completely range bound between 34 and 35, if it breaks support it can fall further to a level of 26-27.
On 15 Min Chart, NIFTY50 has formed a pole-flag pattern with a flag range of 100 points and pole with a length of 600 points, NIFTY closed above 15 Resistance Trend Line, however closed below 200 DMA,
If NIFTY supports MEGHMANI ORGANICS may break triangle upside and if it sustains above 200DMA, we can go for long. 200DMA slope is also upwards. had a good opportunity for specialty chemicals, however Dec-19 results shows decreased revenue and profit. FII decreased stake. PE is attractive at 4 PB is attractive at 1.1 looks like valuations are attractive. check...
ESSEL is falling from it's peak to it's support lelel, it has to close above 157 today otherwise it may fall upto 200DMA i.e. 138. 10% down from current levels. MACD indicates downtrend Today, Closed below 100 DMA and only above 200DMA. RSI Oversold at 28.
JAMNA has broken support trend line, broke support level of 40, next support can be seen at 35.
EQUITAS is in a longterm downtrend and trading below 200DMA,soon it is going to comeout of this channel. righth now wait for triangle breakout.
It has been continuously trading below 200DMA and falling though a channel pattern. next immediate support can be seen at 1344.
This is making Higher highs on daily charts from Jan-2020, currently stock is near to it's resistance zone, either it could consolidate or rally further between this resistance and support levels, since stock has made a gapup near to its support zone, which may eventually retrace it. Support and resistance levels were mentioned in chart.
Could witness a Triangle breakout in ADANIPORTS which has a support at 360 levels, if it breaks upside it may reach 420 levels, if it breaks support it may endup testing 340, 320 and 300 levels. watch-out for clear breakout.
ADANIGAS is on upgrade on weekly and Monthly charts and continuously trading above 200DMA. Daily MACD suggests uptrend. RSI is above 60, indicates Bullishness. Stock has broken recent highs with high volume, which is a sign for further rally. Just closed below daily pivot points. it may consolidate at current levels before reaching 200 levels. Target 200 is...
This chart is making Higher highs, if is is able to break 320 in coming few sessions, it can reach upto 420 in a few months. We can consider 320 as a for a short term target
We can witness a triangle breakout in JKPAPER in coming few weeks before this financial year.
Triangle breakout opportunity in ASHOKLEY, if it breaks upside, we can see a rally, since stock is making HH and LL most probably it will bearkout upper side and eventually close above 200DMA which will indicate longterm uptrend
if it is able to close above 200 DMA, since it is making HH and HL it will reach 196 followed by 230.