amankavi

amankavi

Scrip had been trading in a channel or consolidation phase since 87 days (3 months approx.) with two reaction lows and highs and managed to breakout from trendline, now to breakout from consolidation channel with higher volume surge aiming towards TP as mentioned.. Profit book can be done around Fib 0.618 (200) MACD also showing the way Have already stayed...

amankavi Updated 

Scrip has been trading in a channel or consolidation phase since 90 days and some positive signs can be seen for scrip to breakout after double bottom reversal hence, planning to enter after confirmation Bullish momentum sign 1) MACD - MACD is above zero with bullish crossover, which signals upward momentum 2) %william - Consolidation between "overbought"...

amankavi

On weekly charts, Scrip has been consolidating between certain channels since 6 months and now, on the verge of breakout after reaching at 52-week high Enter at 153 - breakout (Post confirmation) to aim for newer highs Price target - 200 Profit book - 176 Golden cross - As marked in chart, Short-term moving average (such as the 15-day moving average) about to...

amankavi

Scrip has almost formed the low of the rounding bottom which resemble a “V” bottom, the trend has been validated by trend period which took 5 months to form however volume increase at the end is yet awaited for perfect trend formation/breakout The scrip has gone through long consolidation period that turns from a bearish bias to a bullish bias but yet to see...

amankavi Updated 

Although, Not 100% perfect pattern as the low of the rounding bottom should resemble a “V” bottom,however the trend has been validated by trend period which took several weeks to form and volume increase at the beginning/end with low volume movement during trend formation The scrip has gone through long consolidation period that turns from a bearish bias to a...

amankavi

Scrip breakout is yet awaited above 207-210 aiming towards new highs (Target price) as defined on monthly charts. Eventually, PSB is going to be major beneficiary for recapitalization push thewire.in

amankavi Updated 

Scrip is near to cross the crucial resistance level of 610 although there is confirmation required as the red candlestick (last) as per 30 mins. chart showed formation of bearish harami Planning to enter intra-day again aiming with revised targets Entry = 595, 597 TP =604, 608, 615, 625 and beyond Sl can be taken as per risk appetite Volume increase during past...

amankavi Updated 

Scrip after company showing good Q2 results and beating estimates, has managed to see breakout with good volume but bullish surge confirmation is yet awaited as Doji star has appeared on top of the bullish engulfing candlestick Doji star indicate neutrality in price and indecision amongst traders and can be said to be sign for trend reversal so waiting for...

amankavi Updated 

Scrip should manage to cross the crucial resistance levels marking new highs if candlestick pattern of three white soldier is completed :) Breakout from resistance line and trendline with higher volume surge and consolidation in "Overbought* situation like seen earlier can take it to new highs Bullish strength affirmation 1) SMA - 15 SMA is above 200 SMA...

amankavi Updated 

Scrip had been trading in a channel or consolidation phase since 169 days (6 months approx.) with several reaction lows and highs and managed to breakout from neckline and now aiming towards TP or Newer Highs as mentioned.. Can be seen to breakout after swing reversal after not touching the reaction low of channel which should be positive sign for the scrip ...

amankavi

Scrip can now be seen to be dominated by bears fas it has already retraced to fill the gap created - exhaustion bearish gap and it also gets validated by low volume but price rise and then, trend reversal Bearish confirmation as also can be seen through death cross which is a crossover resulting from a security's long-term moving average breaking above its...

amankavi Updated 

Scrip, if still follows the downtrend could be taken for short opportunity as mentioned in chart Reason for still bearish trend to pursue - SMA - 200 SMA is still above 15 SMA and price range has gone below 15SMA so for now, there is weakness in the scrip. MACD MACD - MACD bars are moving down which still signify that momentum is down. MACD had large...

amankavi

Scrip has managed to fill in the exhaustion bearish gap and over the verge of breakout, however, there should be increase on volume of breakout to make it a favorable bullish surge and validate the rounding pattern which has occured for 3 months.. Planning to enter intra-day for now Enter above 506 TP - 510, 513, 517, 523, 530 Scrip might retrace a bit before...

amankavi Updated 

On hourly chart, Scrip can take the bullish surge further after breakout if momentum continues Levels mentioned in chart.. Enter above 282 (Post confirmation) ..Planning to enter intra-day for now TP - 285, 290, 295, 300++ Call can be taken for 2-3 days to reach desired TP as the breakout can also be seen on day chart SL can be taken as per risk appetite

amankavi Updated 

Scrip has been surging in bullish momentum and if it manages to break trendline, TP and beyond to be aimed for after entering in price level as mentioned in chart MACD - SMA levels also showing the momentum way.. Also, Necessary for it to consolidate on "Overbought" situation as earlier Keeping SL= 655 (As per risk appetite) TP = 670, 675, 680, 690, 700 Buy above...

amankavi Updated 

Scrip has been in symmetrical triangle pattern validated with 2 reactions lows and highs over time duration of 2 months If bullish momentum is maintained and bearish exhaustion gap is filled in, Breakout with higher volume surge is yet to be seen to complete like seen in earlier JMfin pattern to reach the target price :) Planning to enter intra-day for now...

amankavi Updated 

Scrip has given breakout from right leg of H&S inverted pattern and gap is formed however, breakaway gap is needed with bulls taking the lead for momentum. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum 2) Didnt get affected much during recent NIFTY 0.70%...

amankavi Updated 

Scrip has given breakout from right leg of inverted H&S pattern and gap has occured however, Breakaway gap is necessary to see the bullish momentum and for scrip to reach new highs after 52-week high Target price aimed for if the scrip manages to attain breakaway gap surge Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15...