afzal_57

afzal_57

M had a tremendous move till 2016. Went into a downtrend therefrom till 2019. Trendline broken. Bullish bias restored W has a Rounding Bottom and three HH and HL. Can be bought as per levels mentioned in chart.

afzal_57

NSE:ASIANPAINT W has a clean BO followed by PRC + PCC giving a clear bullish bias. D has a clean UT 75m has a BO of a SW movement and a retest. Swing long candidate

afzal_57 Updated 

NSE:AUROPHARMA Clean momentum in Weekly - Breakout and Retest function On the Daily, clean Uptrend - taking support at previous Breaout high On 75m - Inverse Head and Shoulders Pattern. A swing long entry can be taken only on confirmation (breakout of the neckline).

afzal_57 Updated 

D has a couple of NRCs at W RT. 75m has 2NRD with RSI with trigger and a recent NRC in formation 15m has NCC after a pullup with can give a nice swing move down.

afzal_57

Monthly is clearly bullish, a perfect Uptrend. Weekly, we are seeing a CC at EMA +0.5 Fib level with an overall trend being up. In the Daily, we are seeing multiple RCs at D ST and last candle closing above EMA though with a small body. Would have been better if we had got a good green candle. In the 75m, price is already above EMA and a little positive...

afzal_57 Updated 

Weekly is showing a halt in the continued DT. Price below 50 EMA. The weekly zone is proving important in Daily. I am seeing 4 rejections. Yesterday price closed below the 50 EMA. We can see 6 back to back red bars, giving a nice bear picture. In the 75 min, price broke the level of 467 on 6th Jan and is giving a nice pullback to test it with two wick...

afzal_57 Updated 

A green hammer has formed at the monthly support. Overall, a heavy downtrend is seen. In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI. In the Daily, price has broken the Trend Line but without good momentum. For an entry long, I want to see good price action...

afzal_57 Updated 

Similar patterns forming in the 75 min. Had already caught such moves 3 times. Looking for fourth.

afzal_57 Updated 

First time since 4th Dec, the price is about to close above EMA. Stiff Support is being faced at the psychological 14000 level. The trendline has been broken with a retest. Plus, we see a Triple Bottom. Entered long at 14200 with SL at 14000. Can look for big targets as higher Time frames are bullish

afzal_57

The weekly price is at a strong support now. Momentum of bears seems to be losing. In the Daily, we see a Bullish Divergence with the RSI on 13 Dec and 16 Dec. In the 75 min, TL is broken, but not with conviction. But, since RSI is oversold everywhere, I would love to go long with SL around 326. Whether the trend reverses or not, we can expect some gains here.

afzal_57 Updated 

The price is at a very crucial zone in the Weekly. A mountain pattern is forming in the Weekly. You can call it Head and Shoulders. Facing stiff resistance from the Weekly area. In the Daily, the long term TL has been broken comfortably on 2nd Dec. The recent trend was already down. Price is seen moving in this parallel channel. Today, we are seeing a...

afzal_57 Updated 

Clear uptrend in Monthly. Wide negative RSI Divergence is an issue here. Weekly shows a tight range, no conclusions. Daily creates a Descending Triangle. Will look for downward rejection candles and a break above Triangle in Daily to enter long with SL of 1540.

afzal_57 Updated 

Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level. In Daily, nothing is supporting. There is a break of Trendline, but not convincing. 75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle...

afzal_57 Updated 

In the monthly, we see strong upmove towards the monthly level. Nothing so bearish. Weekly is coming from the Monthly resistance. Also, we see a break in Trendline in the Weekly. Bias shifts towards weakness although there is a nice uptrend which may even continue further. In the Daily, immediate trendline is broken and currently we are at a second...

afzal_57 Updated 

We can clearly see the price struggling to breakout of the Weekly Levels. In the Daily, we can see a Negative Divergence with RSI (orange line) followed by Double Red Inside Bar. If today, the price breaks below the yesterday's range, we can expect quick down move.

afzal_57 Updated 

Monthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted. Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly support. In the Daily, we can spot 4 rejections of weekly support...

afzal_57 Updated 

Weekly shows price halting a bit after a massive fall which destroyed many people's wealth. RSI levels are oversold. Daily gives an interesting picture where price, after breaking down off the 243 levels, tried to break it on the upside once which failed, and now it is again trying to take this level off. Yesterday (7th Nov), again it faced rejection of...

afzal_57 Updated 

NSE:DRREDDY shows negative divergence in Daily charts at the Monthly Resistance zones. Today, TL has been broken. Used 75 min to enter short on this one, once the TL was broken along with break of support levels. EMA crossover had already occurred earlier. An options call spread is suitable in such circumstances to eat premium. 1. Bought 2850 CE at 23.4 2....