anuragsahu614

anuragsahu614 Updated 

An inverted head and shoulder pattern has been formed on 2hr time frame and is consolidating near the resistance, which can be a nice swing trade if it breaks above the resistance with good volume. 1st Target would be 525 as there is an another resistance at 530. SL would be 479 and entry can be done after 493 on closing basis.

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Which way it will break? After a long uptrend price is consolidating making lower highs and higher lows, which shows that buyers and sellers are neutral and are not able to make a decision. Its been six months since the consolidation started, we know that consolidation which takes time gives strong breakout. Lets see which side it chooses to move, as it is above...

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After the result date TCS has fallen with a gap down, since a downtrending market is in place. With a long bearish candlestick, which is followed by a Doji Star shows an indecision and gives a sign of possible trend reversal. Just like the regular Morning Star, confirmation on the third day fully supports the reversal of trend. This type of Morning Star can...

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Navin fluorine is at the all time and has given breakout with a huge candle and volume if the price stays above breakout which is 4160 then it will be a good buy, with a stop of 3800 and expecting target of 5000 and 5150.

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This stock has given a breakout from 666 levels with good volume and has given an 8% upmove then it was in a correction phase, the price was declining with very low volume which is a good sign and has taken good time correction of a month. And now the buying interest has come at its previous resistance level which is now acting as a support. There are two more...

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Formation of head and shoulder pattern in hourly chart, volume is good and candle is also strong.

anuragsahu614 Updated 

Stock has been in a down trend since june and was not able to give a break out. Price has tested the resistance zone 3 times and now is the fourth time it is trying to break. And during this process an inverted head and shoulder pattern is formed on the price chart. As we know that it is a reversal chart pattern, and we can see an upmove from here if price...

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After the breakout from a resistance of 170 zone, M&M FIn has entered to a new bullish territory, and is testing its previous resistance. Good signs are that a bullish engulfing candle has formed taking support of 20 EMA and RSI is also in bullish zone. Entry can be done from current levels till 173 with a SL of low of the breakout candle i.e. 171, hoping for an...

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Stock is falling since 2018 jan 15, and has started to accumulate after making a low 259.55 from then onwards price tried to breakabove but failed two times. But the latest weekly candle has broken above the trendline as well as 200 period of SMA. The current candle formed has bullishness, i.e. the range of the body of the candle is big with no selling pressure...

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HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss. Other indicators:- Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe. Trend= ADX's value is...

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TATA Power is trading at its all time high, Same as the Energy sector which is stronger than other indices. this stocks has given a breakout from a very old resistance of year 2008. During the uptrend, volume has been building up since april 2020. In the weekly chart, breakout candle is very strong so for the entry trade can be taken at current levels with a SL of...

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#Here on the daily chart of UPL, the trend is down since the month of june and now the trend is showing some signs of reversals. A divergence can be shown between Price and RSI, price is making lower lows but RSI is continously making higher lows. #When we put a bollinger band over the price chart, we can see a "W" bottom pattern has formed on the same lows. 1st...

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CDSL has shown some good uptrend in the past six months, now it is in a consolidation phase after a good price correction. We can see while correcting the volume is very low which is a good sign and shows that sellers are weak. Latest candle formed is a strong bullish candle with an above average volume gives a hint of buying interest. A unique thing is that for...

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Sunpharma is continously in uptrend and had given a breakout after a good consolidation. Stock has tested its resistance and got a bounce back from that zone. Here is the reason why we can take a entry here:- 1.RSI is above 60 in both weekly and daily chart, which shows strong momentum. 2.Stock is out performing both NIFTY and PHARMA index. 3.Price taking support...

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This stock has formed a cup and handle formation , with rsi on the bullish side. FMCG index is also showing strength and has formed a flag pattern, let the pattern give a breakout.

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Kotak Bank has given a breakout after a consolidation of more than 100 days, price has also taken support from 20EMA forming a BUllish Engulfing candlestick pattern. According to fibonacci retracement, price was trying to break the 50% resistance line and today it has successfully closed above it. Price can move further if it sustains itself above 1830 level,...

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As we can see on daily time frame the price is making higher highs where as RSI is making lower lows, this type of divergence shows that the uptrend will continue. Trade can be taken after successfull breakout of the trend lines.

anuragsahu614 Updated 

Given a strong breakout with big green candle, looking for a retest if it gives any. Expecting atleast 15% up move in the forthcoming months.