DJI after giving a breakout earlier faced rejection in Pitchfork middle band and retested the counter trending. For last two weeks it was consolidating and gave a inside bar breakout in Weekly tf, currently the follow up candle so far looks good and if the momentum continues - it is possible to see a 6-8% upmove minimum in DJI from previous weekly closing .....in...
TFCILTD has given a 5 year old counter trendline resistance breakout with volumes and is giving a good follow through. Positionally, it looks good to add at cmp/dip with a support range marked on chart ..
Nifty50 after making a new ATH in Dec, has been in correction. It has corrected around 6% from recent top and made a Dec low around 17774. Post which we saw a pull back of around 2-3% ...which was basically a 50% pullback of recent fall from top and then again we saw another correction till 17795. On 4 hourly chart (and even on daily/hourly), there is some +ve...
Nifty after achieving my toofan targets (link in related idea section) and making a new ATH, is feeling some selling pressure at highs. It has now broken down weekly inside candle on downside with a weekly candle not looking very promising. After making low in Sept around 16887, it has broken its previous two week's low first time on closing basis and also failed...
Dollar index is making a falling wedge pattern on daily tf, while DXY is falling RSI is not moving down which possibly means that there is a positive divergence on it, I am expecting it to bounce till 109 levels which was previous breakdown level to do a retest of that level in coming days.
Tata Communication previously gave a falling wedge breakout and now has given a 10 days of insider bar consolidation breakout ....Looks very attractive setup
Nifty after a decent rally from 18135 to new 18887 (latest ATH), did a decent pullback around 50%retracement and has given a falling wedge breakout, now expecting NF to start its new journey for a fresh high ....
BN has given a fresh breakout above 43350 today, expecting a small pullback /retest around 43400 to go fresh long for tgts of may be 43800 to 44K levels
Ugar sugar has given a good breakout on week chart and can show very good momentum upside.
Keep an eye on weekly closing above 34300 ..... in DJI ......
LTTS has given a closing above resistance trendline from its ATH from Jan 2021. Before giving this breakout it has also been under good consolidation ...looks good to go long
Orient Paper - Looks good for swing purpose...given a good monthly breakout
HINDPETRO showing sign of reversal with inverse H&S formation - can blast in coming week.
Looks like a breakout in Idea ...what say, assess your own risk ...play as only penny hero zero.....
ACRYSIL - chart is looking good, keeping a track of this trade now with long view.....details already on charts ...
Rolex Rings - Good technical chart. Auto sector looking strong..can show good return in coming months
ABSLAMC has corrected almost 50% since its IPO, it's currently forming a falling wedge and breakout of which hasn't happened yet. It has also given a mother bar breakout after 6 trading session. Can give some short term upside momentum and may reach the upper trendline of falling wedge. If it can give a successful breakout there, that can be a sign of reversal
HCLTECH is giving 5 weeks of Insider bar breakout - keep this in watchlist for next few weeks and it can give a very good return