YS9

YS9

JKTYRE can be bought above 86 with SL of 81. For last three weekl the stock is under consolidation and there may be breakout in coming week.

YS9

MEGH is at support level in weekly and daily chart. It can be bought at 83 with SL of 78.

YS9

Volatility is reducing and that's also with volume. It can be bought at 60 with SL of 56 and further can be added above 63.

YS9

After long time the stock has closed above downward trendline. It has closed with good volume and there is inside buying also. It can be bought at 90 with SL of 84

YS9

Again VCP with 70% reduction in volatility with reduction in volume. Buy above 1011 with SL 949

YS9

VCP. Reduction in volatility by aprox 58%. It can be bought above 926 with SL of 869

YS9

VCP Pattern is forming. There is 74% reduction in volatility compare to 1st week. Buy above 495 with SL 464

YS9

Clear cut divergence can be seen in bank nifty. It is showing loss of momentum but doesn''t tell to short. It may happen that after some time wise correction again up move start.

YS9

It seems nifty is slowly losing it's momentum. It can be seen from RSI divergence. The same is also there in bank nifty while defensive sector like FMCG is gaining momentum. Either there will be some correction in nifty and defensive sectors will move up or nifty may go sideways and sector rotation will go on. Let's see.

YS9

After long consolidation and ascending triangle pattern it seem the stock is breaking out from base. IT sector is also in flavour so may give some green shoots. Buy at 562 with SL 528

YS9

Am I watching correctly ? inverted HS in spread chart of CNXAUTO/NIFTY. If yes then it can give huge upside in maruti and heromoto but after breakout only. This sector has also become necessirty in india so may be considered as defensive one only and while general market may be under consolidation it will run up.

YS9

CNXFMCG/NIFTY is another defensive sector. It seems money is moving from other sectors to pharma and FMCG.

YS9

CNXPHARMA/NIFTY is breaking out from downward trendline. Its bear market or correction play in general. We may see some correction time wise and price wise in general market while defensive play like pharma and FMCG may run up

YS9

Long can be initiated above 574 with SL of 539

YS9

It has broken down trending line with good volume. Stock has moved 10% yesterday itself. So either half position can be taken now and remaining half can be added at time of consolidation or we may wait for some consolidation. SL may be kept near 249 considering half buy near 268 level. Further the stock has closed at the highest point of the day.

YS9

200 Level is good resistance for the stock from it has been rejected 3 time before. Now it seems stock may broke out 200 level very soon. A small position can be added near 194 level and further it can be added above 200. SL can be kept at 182 level. A shakeout of weak holders is expected.

YS9

After good run up stock was consolidating near 50 DMA. Futher on 04-12 there was some increase in volume that has been bought into and stock has not corrected much. And on 05-12 it has closed at the highest point with volume higher than previous one. It seems supply for the stock is over and any small demand can also take stock higher very fast. It can be...

YS9 Updated 

The king is breaking upward trending line. Is it start of correction in on going up trending market ? Time will say.