aks85

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As seen in Datamatics Global 96-99 levels has been an important resistance level, which it has failed to breach in the past as can be seen by the red arrows. A close above 99 would be an entry in this stock. It is also near all time high.

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As seen in Tata Consultancy, the price is moving in a descending channel forming lower highs and lower lows, indicating down trend in the daily charts . Lately, the price has resisted the upper channel and .618 Fibonacci retracement of the last swing is acting as resistance. Also a break of low of Spinning top is a confirmation to sell. Therefore, expecting the...

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As seen Bhel has broken out of Ascending Channel in the daily chart a few sessions back, thereby breaking the higher high and higher low price action and gone on to make lower high, indicating short term weakness. Lately, it has formed a descending channel and the stock is expected to move down along the channel. Expected levels - 117, 110, 104.

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As seen Zeel has given a double bottom breakout on hourly charts. Expected Levels- 485-490 Cmp 464.5

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As seen after a strong downtrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the hourly chart . A breakout with volumes either side would be our entry. Maximum target as per pattern would be 20- 25 points once it gives a breakout. I will keep this stock in watch list and review it once it gives a...

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As seen Merck Ltd has formed a Cup and Handle Pattern in the daily chart. A breakout with volumes will be our entry. It is bullish in the larger time frame as well. Also being at all time high, makes it stronger. Keeping in watch list, till it breaks out. Expected Levels- 1365- 1380. PS- More important than the shape of the pattern is the resistance levels...

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As seen in Maruti , there is a change of polarity and a bounce can be expected from these levels. Also it is taking a support at trendline as seen by the upward green arrows, giving us an opportunity to buy. Expected Levels- 5040 (.236 Fib retracement of the last swing), 5220 (.382 Fib retracement of the last swing) Change of Polarity states that once the...

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As seen Sun TV has formed a Double Bottom Pattern in the hourly chart. It has recently given a breakout with good volumes. Expected Levels 474. Double Bottom Pattern is bullish reversal pattern, made of two consecutive bottom/troughs. It indicates that the stock has reached a support level and is facing difficulty moving lower, thereby positioned for an upward move.

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As seen Bajaj Finance has given a Double Bottom Breakout on hourly charts a few sessions back. Also, Positive reverse divergence can be seen. Expected Levels- 910 (As per divergence), 925 (As per Double Bottom Pattern). Double Bottom Pattern is a bullish reversal pattern, made of two consecutive bottoms. It indicates that the price has reached a support level...

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As seen Vedanta Limited has been in a strong uptrend and has formed a cup and handle pattern in the daily charts. A Breakout of this pattern would be our entry. As seen 225-227 levels has acted as an important support and then as an important resistance, which it failed to break on a couple of occasions as seen by the downward red arrows. It is bullish in the...

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As seen after a long consolidation price action breaks the rectangular channel in the weekly chart, confirming further weakness. Expected Levels: 160, 140, 125

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As seen 7900- 8000 has acted as an important support and resistance levels for Nifty in the past. 7900 is also an important Fibonacci support. Yesterday, it formed an inside bar which can act as a reversal signal, and a bounce can be expected. On the downside if we see, Nifty has formed a rounding top pattern in daily charts. A breakdown below 7900 levels on...

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As seen Tech Mahindra has broken the down trending channel with good volumes in the daily chart , giving us a good opportunity to enter a counter trade. Buy levels 450 Expected levels 480, 500, 515 A close inside the channel would be our exit.

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As seen JK Paper has formed positive reverse divergence, which gives us a good re-entry in the stock. A positive reversal divergence is when price makes higher low but the RSI makes lower low, which implies that even though RSI is weakening and making a lower low but still price fails to break the previous low and makes a higher low, making it bullish. Positive...

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Jain Irrigation has formed a Flag Pattern. It has given a breakout on weekly chart with volumes, indicating a continuation of the upward trend. Aggressive traders can enter by end of the day if the breakout sustains. Whereas , more conservative traders can wait for a small pullback and enter during the next week to manage their risk and get a even better risk reward.

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As seen Price has been contracting in narrow range making lower highs and higher lows in the daily chart. A breakout on the upside with volumes would resume the trend in the upward direction to 315-320 levels. Stop Loss- 247.

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As seen after a strong uptrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the daily chart . A breakout with volumes on the upside would be our entry. It is bullish in larger time frame also. I will keep this stock in watchlist and review it once it gives a breakout.

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Why I consider Nifty to be bearish in the days to come? It is been observed that the price is moving in a descending channel forming lower highs and lower lows, indicating down trend in the daily charts. On Friday, the price resisted the upper channel and also the 50 day SMA forming an important candlestick pattern, the Hanging Man indicating further weakness....