Vinayak_Kulthe

Vinayak_Kulthe Updated 

Based on the technical analysis, Tata Elxi's stock seems to be showing signs of a potential bullish trend reversal. The Triangle pattern that formed at the bottom of the correction, followed by a breakout with good volumes on the daily timeframe on 27 April 2023, could indicate a potential upward trend. In addition, the breakout from the Head and Shoulders...

Vinayak_Kulthe

Based on the analysis of Bharat Forge on the daily timeframe, a bearish head and shoulder pattern has been identified near support levels. Additionally, the hourly RSI is indicating an oversold zone. Furthermore, the stock's relative strength compared to Nifty50 is currently negative. Traders can consider a positional 740 PE position after the previous low has...

Vinayak_Kulthe Updated 

This is a 60-minute chart of Titan Company, which has shown a strong upward movement over the past few days. Despite many trades being unable to enter at low levels, this chart presents a promising setup on the hourly timeframe. We can observe that the stock has taken support at the Fibonacci 38% retracement level, which indicates a potential level of support and...

Vinayak_Kulthe Updated 

The Tata Motors stock has been on an upward trajectory in recent days, and I wanted to highlight some promising technical indicators that suggest this trend may continue. Firstly, we can see that the stock has formed an up flag pole pattern, which is a bullish continuation pattern. This pattern is characterized by a sharp increase in price (the flag pole)...

Vinayak_Kulthe

Stock trading near resistance trendline and above 200EMA. Pattern looks bullish on weekly timeframe

Vinayak_Kulthe Updated 

Sterling tools given strong breakout to resistance level on daily timeframe. Its Outperforming the index and making new highs periodically. One should go long with Proper risk management above the high. Stock may also Pump up and the return back to retest current levels. Increaing Volumes are indicating good interest of buyers in this Small cap Stock.

Vinayak_Kulthe

Nifty Metal index trading above 200 EMA. Looks good for upcomming days as almost all major sectors have recovered after the latest Downside rally. Vedl, Hindalco, JSWsteel and Jindalstel are stocks under focus. One can start investing with little portion after breaking 200 Ema and taking pullback. Note - Fib Retracement levels will act as resistance levels.