VijayBabuA

VijayBabuA

it has formed double top on daily chart and closed below 20DMA today. RSI below 60. forming lower lows on daily chart. next stop looks like 760.

VijayBabuA

it seems, it has taken support at 20DMA. hammer formed at 20DMA. RSI consolidating just below 60. breakout will give a good move. good consolidation in a tight range.

VijayBabuA

it has formed double bottom on daily chart. trading near trendline resistance line. RSI is at previous swing high (60), but price has not crossed previous swing high. either stock can consolidate here or breakout in RSI can push stock price higher. 5 - 15 % rally possible here.

VijayBabuA

Metal Index has broken down on weekly chart. it is expected to correct 15% more. let's watch out. individual stocks may perform differently. but higher weightage stocks are making lower lows. RSI is making lower lows from May, indicating weakness in price. where as price is making higher high's.

VijayBabuA

If it doesn't close above 500 on weekly basis. it can consolidate between 450 - 500. if if breaks it can go down to 340-370, which an act as a good support.

VijayBabuA

It has breached 38.2% Fib retracement level on weekly chart, next support is place at 540. which is good for long term accumulation. otherwise one can start buying when RSI reaches 40 --> 30 levels.

VijayBabuA

it has formed box pattern on weekly chart. on daily chart given breakout and retested. have it on watch list for 15% upside.

VijayBabuA

it has formed Bullish divergence on daily chart, let's wait for trend reversal on smaller timeframe, then we can enter in it.

VijayBabuA

watch this for trendline breakout, continuously trading just below the trendline. for a safer bet one can enter above 836 level to confirm higher high pattern for a potential 20% upside.

VijayBabuA

it has formed rounding bottom and now trading at near breakout level. if it close above 135 level on weekly basis. it opens up 200 level for higher time frame.

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expected a breakout in this counter. but it broke down. support can be seen at 370-400 range.

VijayBabuA

it has formed evening star on weekly chart. rallied far away from 20WMA. so it seem mean reversion is happening now. it can fall upto 910 -1050 zone for support. on daily chart we can see lower high formation. and if it starts trading below last close price. confirms it is forming lower lows.

VijayBabuA

it broken down H&S pattern, it can fall upto 450 levels followed by 380 levels if correctio continuous. it may give pull back upto 590 levels.

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it is forming evening star on monthly chart. if it closes below 670 on monthly basis to confirm evening star. otherwise pattern invalid. first monthly red candle after it's listing. we may see a pull back or consolidation from here on. big red candle today with volume. 700 acts as good support. if it breaks, it can go down till next fib retracement level.

VijayBabuA

it shows symmetrical triangle and pole flag pattern on daily chart. have it on watch list for a potential 60% upside.

VijayBabuA Updated 

it has given inverted H&S breakout on weekly chart. all set for 60% upside based on H&S breakout. near hurdle can be seen at 2900 levels. if index has upside potential of 60%. underlying stocks can give multibagger returns.

VijayBabuA

Pharma index looks to set for breakout. it shows RSI strength on weekly chart.

VijayBabuA

FMCG index on consolidation mood on 4h chart. don't expect directional move unless there is breakout. rejection candles seen at top of the channel. Shooting star candle formed on daily chart.