anuragcoma15

anuragcoma15

Jupiter infomedia made a tall pole breakout last year and since then it has been consolidating. Stock has shown great volume during the pole construction and even during the consolidation volume has shown growth with small spike regularly. Stock is now showing potential to come out of its range and breakout from the flag pattern. CMP 41 Potential upside of...

anuragcoma15

Bedmutha gave fantastic breakout around mid-70s to about 300 level during last year, and since then it is consolidating. It is now consolidating for 8-9 months. Stock has recently shown spike of movement in its sleeping volume bars as well. Bedmutha is yet to give a breakout and unless that is done this stock can sleep for a few more months. Watch this stock...

anuragcoma15

I'm not an expert of wave theory but I have an inclination towards it. Wave theory is nothing short of brilliance! NASDAQ seem to have completed its 5 waves and now following the ABC retracement wave. NASDAQ:NDX should now move to its B wave and show some bounce. It should be followed by further downwards retracement during C wave. Trigger for C wave my be...

anuragcoma15 Updated 

PVR has been running sideways for months after declining for a long time. PVR is making a W pattern during its sideways run and accumulation phase. Now, PVR is showing good bump in price along with rise in volumes. This sounds like a promising situation. First target is 1450 which is also a point that will give a breakout from it's consolidation zone. CMP:...

anuragcoma15 Updated 

Wockhard has been consolidation since 2013, over 10 years! But now it has given breakout on monthly chart. It's a structural change on the chart. Needless to say, volumes look great for recent months. CMP : 404 SL - 320 Target - 650, 750, 950 ,1200 Note: It's a monthly chart breakout. Stock can take a few months to couple of years to attain this...

anuragcoma15 Updated 

BSE:BLIL has given uncountable breakouts. Firstly is make Cup & Handle pattern over a period of 6 yrs. And gave a strong breakout. C&H breakout target - 700 (Already reached) Secondly, along with C&H breakout it also gave an All-Time-High breakout from the levels of 520. Next, it went on to break 6 yr trendline and rested it also. Finally, it gave breakout...

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Bank Nifty is continuously inching upwards after the 04 June incident. However, it is quite clear on on Bank Nifty chart that the index is struggling on higher levels everyday. In fact, even weekly charts are showing multiple rejections from higher levels. Index is slowly exhausting its momentum and getting ready for a correction. We probably can call it as...

anuragcoma15 Updated 

Hikal touched its top price of ~700 during later part of 2021. Since then it has been consolidating. Now Hikal is picking up strength and showing positive volume growth. Hikal can give a good breakout if the momentum continues. CMP: 304 Breakout Point: 315 SL:299, revise it to 325 when price crosses 350. Target: 400 and beyond. Remember: SLs are...

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Infobeans has be consolidating for several months, over a couple of years actually. Stock has made a strong accumulation of 400-500 and, now, after about an year it is showing signs of strength to breakout from the zone with some strong volumes. Once the stocks breaks it lower highs and lower lows pattern, it should show some good positive moves. CMP:...

anuragcoma15 Updated 

NSE:VOLTAS has broken out after over a year of consolidation. Voltas started making higher bottoms after making double bottom pattern. Stock is showing great volumes. CMP 977 Breakout level: 930 SL: 899 Target: 1125 Stock can come back to its breakout level to retest the breakout. Retesting of breakout makes the breakout stronger. Note: It's weekly chart...

anuragcoma15 Updated 

TV18 is trying to get over from over a year of consolidation. TV18 has gained good volume in recent time and recent days. While sitting right at the cup & handle resistance it is preparing for breakout. However because it has already broken the pattern once in intraday and could not sustain, despite of strong volume, care needs to be taken while making a...

anuragcoma15 Updated 

Pfizer has been consolidating for a couple of years and has now finally given a breakout with Cup & Handle pattern. Cup & handle pattern is a highly trusted pattern for its bullishness. Not to mention Pfizer is a strong company and should be part of everyone's portfolio. CMP: 4240 Breakout level: 4150 SL 3980 Target: 4600 / 4780 Disclaimer: I'm not a...

anuragcoma15 Updated 

Bank Nifty has been very volatile for last a few days. We can see Bank Nifty receding downwards but also getting strong rejections from deeper low levels. Bank Nifty has not reached to its next strong support level of 45660 but rejections (long wicks below close) are seen every-time price goes towards it. Bank Nifty at present is giving impression of taking...

anuragcoma15

This is not a fundamental or technical analysis. This monthly chart of HDFC Bank shows that its a rare event for HDFC Bank to close below Ichimoku cloud top. Whenever HDFC Bank has happened in last 15 years, it has been followed with a few months of green candles. Make your call. Buy or Hold!

anuragcoma15 Updated 

BIOCON has consolidated for over 3 years and has spent last 1 year in making a base. This base formation has resulted in Cup & Handle pattern. After breaking out from C&H pattern is has come back to test its breakout level. Recent volumes in BIOCON has also been commendable. Wait for the stock to show rebound above the breakout level before entering into it....

anuragcoma15 Updated 

Affle India has given a cup & handle breakout. Cup & Handle is much reliable pattern in technical analysis. But still never trade without SL. Note: Volumes are good in weekly but not so good in daily. This means that SL is important and it may take a longer time for the target. CMP : 1204 Breakout level: 1185 SL: 1110 Target: 1340 Disclaimer: I'm not a...

anuragcoma15 Updated 

IRCTC has given multiple small breakouts recently. Now it is on for a major one! IRCTC made double bottom pattern after a long consolidation of multiple quarters. It has now shown good volumes interest in past a few weeks and is ready to give the breakout from its previous high of 758. Once that is done it will be out of lower highs trends and get into higher...

anuragcoma15 Updated 

After a year long consolidation Blue Dart is ready for a ride. The stock has started making higher lows and about to start making higher highs! Blue Dart is soon reaching for its resistance of 7535 and it will breakout from there. But before the breakout it should retrace to its previous breakout level of 7080. Keep an eye on the stock for its breakout at 7535. A...