I have been observing an increasing momentum in PVR INOX and Along with this increasing momentum PVR INOX has also closed above a crucial resistance on Thursday, breaking out of a range between 1350 and 1400. This stock has been in this range for a period of 1 month, therefore its breakout indicates a good rally. Defintely buy PVRINOX for short term move. Entry...
Axisbank had given a breakout around 1100 level and made a high of close to 1130 and higher.. its resistance can now be well backed by a good support at 1100, On monday we can expect axisbank to open lower and fall even lower only to take support around 1100 and from there on we can expect further upside for axisbank. Entry level 1100 Stop Loss 1080 Target...
Godrejagro is in an ongoing uptrend in the weekly timeframe therefore any bullishness seen must be capitalized. In the daily time frame for over a period of 11 days its been stuck in a range of 25 points between 510 and 525. A rising momentum has been recently observed and if this momentum persists we can expect a BO from this range. Entry 515 to 520 Stop Loss...
Asian paints has been downtrending and consolidating for a while. A breakout has been observed from the consolidation along with positive divergence in momentum. Therefore we can expect the trend to change. Current entry is 3000-3005, target 3060, Stoploss 2970 This trade is recommended with a 1:2 RRR Happy Trading Yamini Prabu NSE&NISM Certified...
Previous Long term resistance of 1380 has now become the support level for SBI LIFE. When a resistance turns into a support it adds more confidence to the upcoming trend. Currently we can see a breakout from a descending triangle pattern in the daily Time Frame. Currently a good HH and HL is observed in Daily Candles there fore we can expect further movement...
#wipro lately has been giving wild moves and many people including myself are wondering why. I may not know the exact fundamental reason for the move in wipro but as a technical analyst i can share my POV on Wipro technically. 1. Wipro has given a major breakout in the weekly timeframe. 2. After a prolonged period of consolidation in the likes of more than 1...
Cipla taken Multiple support at previous resistance level of 1415 - 1420. Morning star pattern observed near support, along with positive reversal in momentum. Entry was today @ 1440 with a stop loss @ 1415 and a target of 1500, 1505, 1510. Happy Trading, Cheers, Yamini Prabu NISM Certified TA, Independent Trader/Trainer.
Moderate Bullish Divergence Observed in UPL. Entry was at 475, Stop Loss Below 455, Target 500, 512.
In the 3 hour time frame i have observed a breakout, a pullback and continuation of the trend in the upside. Even though the trend has not completely changed as yet, we can still expect to see an upside for few days.
Im expecting a bearish breakdown in #dixon in the 1 hr Time frame You can take a short position at the current level (CMP 6460) with a stop loss at 6500 and a target of 6220. The trade is based on the sideway pattern symmetric triangle.. as it is trading in a close range for many days it is expected the breakdown. Happy Trading. Follow for more such...
Apollo hospital has been bullish in past 3 days after it formed a positive reversal in the Daily-Time-Frame and took support at 5275 close to the 50 SMA. Today im observing a positive reversal once again in the 1Hr Time Frame. My Entry in Apollo Hospital would be at 5688, with a stop loss at 5653 and a target at 5759. Happy Trading!!
In the 3 hour Time Frame HDFCbank is about to give a short term break out, Target 1586 CMP 1548
Nifty trading near major support. Need to wait and watch if this support will be taken down or not. If support level is breached then next support only at 17200
Head and shoulders pattern observed in asian paints if breakdown is confirmed with volume then target is 2830
Abb India has broken down. Lots of loss in volume observed validating the breakdown. Target 2559 CMP 2976
Stock observed to be in down trend Negative reversal observed next support @71 Bearish for next week CMP 84.05
Nifty in Sideways trend 18430 observed as resistance 17770 observed as support currently trending up in 1 hour Timeframe Expecting Resistance or Breakdown in 1 hour trend line..
Expecting a massive breakdown in HCLTECH Bearish Pennant Pattern formation observed. Target 904 CMP 1039