12,800 acts as a Strong Support for Nifty November expiry. Price clearly sustained above this level through the last week.
Also, we see buying in most of the Last week's candles. So, we can understand that the price is still in up trend.
The Near by Resistance for Nifty is placed at the psychological,13,000 level. If the price sustains over it, we can expect...
Price is @ strong psychological Support.
We see recurring Small real body candles at this major support level.
Also there is a price consolidation (Marked in box), and a strong Bullish breakout.
So we can expect M&M to continue on in its bullish trend up to 650 / 670 levels.
Adanipower is trading at strong support zone, between 36.75 and 36.15.
The price is retesting this area for a month, but it can't break it.
The recent double bottom pattern indicates a probable reversal.
The bullish breakout on firday suggests that the stock has potential to go up till 38.50 / 39.70 levels from this area.
The stock is reversing nicely from a psychological support level, 250.
The double bottom, marked in circles, is an added confirmation to bullishness.
From June, the stock has failed to break and sustain below this 250 level 3 times.
Bull sash pattern, hammers, and neutral candles, all point potential reversal in JK LAKSHMI CEMENT till 280 / 300 levels.
The stocks is trading at Pivot zone.
The stock strongly held the 119 Level for a month.
Last month, it tried to break down the 119 level twice, but the buying pressure at this level, managed to hold the stock above it.
Now, the price has slowly closed above this key pivot level.
We also see low rejection candles which indicate buying pressure.
We can also see a...
Uptrend is clearly intact in SUPREMEIND.
We see some Long unwinding at higher levels.
But the candles clearly indicate that the selling pressure is weak.
Also, we see lot of Low rejection candles around 1,400 levels.
This indicates buying support for the stock at this level.
Also, now the stocks is nicely resting on a neat trend line.
All these indicate that the...
After a strong up trend, the stock has been consolidating for nearly a month, now.
And this consolidation is rife with buying pressure at every down move the price makes. (marked in arrows)
The stock has been making constant higher closes during the last 3 days. Also, this buying has come from a strong support (marked in horizontal line).
So, upon breakout, one...
Weak selling trend, consolidation at strong support, repeated buying pressure in last few days all point to a good up move once the price breaks out of this cosolidation. Expecting Godrejcp up to 720 / 730 levels in short term
SBILIFE is clearly in uptrend. Now, that this strong pullback from august seems to be coming to an end.
We see converging price at 50% pullback zone of the prior up trend (Marked in black line).
Also, we can see a lot of neutral candles, indicating weakness of the short term selling trend.
So, we can expect a rally in SBILIFE once the price breaks out of the...
Looks like the correction is over for NSE:IDEA .
The is reacting to a strong Support level, around ₹8.
We could also clearly see repeated buying at this level.
For nearly a month, the price is trading around this area, but cannot break it down.
Now we see a small price consolidation popping up.
if the price breaks out of this consolidation, we can expect the...