amankavi

amankavi

Scrip can breakout from current levels with %william and RSI showing uptrend TP = 108, 110 if scrip shows sufficient surge from entry range confirmation SL = 105

amankavi

Scrip can show more weakness pertaining to adequate volume trading for selling in past few sessions, gone below support crucial levels and still not showing much sign of reversal in Day chart 1) Price action also gone below SMA-200 2) %william also struggling to show sign of uptrend from oversold situation since last 14 days and struggling in similar...

amankavi

Scrip can take reversal and aim towards 52-week highs if bullish momentum continues as happened in the past post company posting good quarterly results however, subject to Nifty not showing major corrections www.indiainfoline.com Quarterly results YoY increase www.business-standard.com Rebound likely to happen owing to : 1) Good volume buying during past...

amankavi

Scrip can rebound owing to fine YoY Q1 results after going down below support levels and falling below 200-SMA forming morning star pattern however,confirmation is yet needed One can aim for resistance level 1 and beyond if it goes around entry range wherein, the close of last candlestick should show above the preceding candlesticks real body %william upward...

amankavi Updated 

The scrip has seen strong price action (surge) today with increase in buying volume and about to break resistance (c) level, 52 week high Ascending channel seen in formation Declaration of good Q1fy18 result YoY www.indiainfoline.com

amankavi Updated 

Scrip has shown some sign of reversal with green candlestick engulf at the downtrend although the real body of green candlestick closed at below of preceeding candlestick so will wait for further confirmation before entering at entry range defined in chart towards resistance levels

amankavi Updated 

The scrip is nearing 52 week low levels however scrip can take reversal now if bullish momentum is gained owing to : 1) Reversal with good volume buying at support levels after continuous bearish trend 2) %william showing uptrend (surge usually results in pullback at top levels so wait for the confirmation at entry range) 3) On day charts, Bullish spinning bottom...

amankavi Updated 

Monsoon is in flow and the scrip has also taken strong bullish ride breaking 52-week crucial resistance after block deal economictimes.indiatimes.com Although, corrections may happen due to profit booking by shorters and swing traders, The scrip can go long towards price target (mentioned in chart) as strong bullish trend can be noticed for now Not complete...

amankavi Updated 

Scrip can go for bearish reversal owing to formation of abandoned baby on top (day chart) and %william showing downtrend after sudden surge of uptrend INTRA-DAY Short (if formation of bearish engulfing appears next to reinforce the trend) at 127 towards TP = 125,122 (end of body of prior bullish candlestick)

amankavi Updated 

Rounded top pattern from double bottom usually results in downward bearish (continuous) trend however %william showing uptrend from oversold situation Targets defined in chart for both bullish and bearish trend (short) after gaining momentum from neckline levels.. SL can be taken as per risk appetite

amankavi Updated 

Scrip has moved down on descending channel pattern with trendline around lower highs and lower lows on 30 mins chart INTRA-DAY Bullish 1) Dragonfly doji candlestick at end of bearish trend showing sign of trend reversal 2) %William showing upward momentum Aiming to enter at 433 after momentum confirmation towards TP = 438, 440, 442 Short at 428 towards TP...

amankavi Updated 

Scrip can show uptrend trend towards resistance from lower ascending trendline (support) Trade can be started post confirmation (entry range) as mentioned in chart aiming towards resistances and breakout from ascending channel Other factor supporting the reversal : 1) %william showing uptrend from oversold situation 2) Bullish (green) harami formation can be...

amankavi Updated 

The scrip can be seen to rebound back from crucial levels by inverted hammer as it could have breakdown by bears taking control if gone below from rising wedge Chances of bullish reversal due to: 1) %william near oversold situation and showing upward trend 2) Good fundamentals and recent show of results - www.indiainfoline.com After breakout confirmation,...

amankavi Updated 

Scrip can rebound back due to : 1) %william showing uptrend from oversold situation 2) Morning star pattern in the formation (Green engulfing candlestick required to complete the formation) Trade can be started after it crosses 383 aiming towards resistance and neckline levels. Beyond neckline bullish surge and breakout could take it to target price =...

amankavi Updated 

Scrip has seen after exceptional high buying volume due to which it had taken off to resistance (C) level. Thereafter, following reversal of trend, the scrip has come back to it prior resistance levels where Selling all positions to liquidate holdings in the market is not uncommon. Exhaustion gaps Exhaustion gaps are quickly filled as prices reverse their...

amankavi

Scrip can see reversal owing to 1) %william near oversold situation 2) Good fundamentals - Share accumulation by investors due to good YoY results - DCB Bank Q1FY18 standalone net profit rises 38.7% yoy www.indiainfoline.com After breakout confirmation, Bullish run expected beyond 52-week high Resistance (C) Support can be taken as per chart

amankavi

Planning to short the stock after evening star bearish reversal (Day chart) %William also showing downtrend from overbought situation.. Sell at trigger line - 223 with aim to book profit (buy) at 211 or below if there appears to be more downtrend SL in the chart Trade at your own risk :)

amankavi Updated 

Post Q1 YoY results which have turned up positive for the bank with net profit up 32 per cent at Rs 30 crore in April-June As positive news have a strong correlation with future stock performance and traders/investors sentiment, It can show bullish trend and reach resistance 1 besides dark cloud candlestick formation The trend can go up due to less volume...