anusuabose92

anusuabose92 Updated 

Sail is moving up from a crucial support level. Look for green candles on the daily chart. If price is able to sustain the up move , we may see 133-140 levels very soon !

anusuabose92 Updated 

Tata Power has been consolidating in a tight range on the 60 min chart as well as the daily chart. It has been consolidating in a symmetrical triangle range . Buyers are seeming to be strong , so it may show a good up move in the coming days. Track this stock closely!

anusuabose92

The price action/behavior in Cipla shows that the buyers are strong and have been pushing the price higher which should result in a breakout . There have been multiple retests on the resistance zone / the supply zone . However , RSI shows a clear divergence or in simple words , RSI is making lower highs . Hence it would not be advisable to take a position in...

anusuabose92 Updated 

Dixon Technology has given a clear breakout from a bookish ascending triangle on the daily chart. It is important to notice how beautifully the stock has retested the supply zone or resistance multiple times and then given a clear breakout. When a stock tests a zone or level multiple times, the zone becomes weak and hence it is highly probable that it may give a...

anusuabose92

Supply Zone is one from where extreme sell off happens . It's a zone where the sellers are extremely strong , defeating the buyers and pull the prices down. On this chart , we can see that here has been an extreme sell off from the supply zone , on two instances . This is third time , the price is approaching the Supply Zone/Resistance again with weak sellers. The...

anusuabose92 Updated 

Trent is a Tata Group share and one of the leading players in the branded retail industry in India. West Side, Zudio, Star Grocery & fresh Food and Landmark are its top brands. it has given a good breakout on the weekly chart. Keep a check on Trent.

anusuabose92

Tech Mahindra , one of the IT giants , may move up soon and break the resistance level. It has retested the resistance or the supply zone multiple times, now when there is a breakout of this zone and if it is supported by big volumes , one may go long . Also, we find a bullish marubozu candle near the supply zone which indicates that buyers are strong , but one...

anusuabose92 Updated 

The Pharma Index (Nifty Pharma) has been performing well since the past 3 months. Biocon is one of the stocks of Nifty Pharma. As per the analysis, Biocon has tested the same level (417-420) multiple times and any level when tested multiple times, becomes weak and price may breakout the level soon. Any up move from the supply zone will give a good opportunity to...

anusuabose92 Updated 

The daily candy chart of BHEL shows a Bullish Harami candle formation near a support / demand zone . The yellow highlighted box has three candles , the small green candle or the child candle after the first red candle is the bullish harami candle. There has to be a continuous downtrend in the stock and then a small green candle within the previous red candle,...

anusuabose92

Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action...

anusuabose92 Updated 

Sun Pharma has been consolidating in a tight range , on the daily chart. It may give a possible breakout of this range in the short term. Even on a shorter timeframe - hourly chart , stock has retested the resistance/the supply zone multiple times . The supply zone from 677- 680 has been tested by the stock multiple times. Any resistance/support zone when tested...

anusuabose92 Updated 

Punjab National bank has tested the resistance zone/ supply zone multiple times. Hence the sellers are becoming weak now and buyers are getting stronger. If the buyers are able to close the price above the supply zone, the stock may show a good upmove.

anusuabose92 Updated 

PNB has a very good technical structure on the hourly as well as the daily chart. We see that price has tested the support zone or the resistance multiple times and any up move from here may take the price higher up. This is also supported by the news that the The Enforcement Directorate (ED) on June 23 said that it had transferred a part of the seized assets in...

anusuabose92 Updated 

Price is giving a breakout from a strong resistance / supply zone . Also , we can see the price making higher high's on the hourly timeframe chart. Additionally , the electric vehicle theme can give a good boost to this stock as Govt . has also announced higher subsidies to EV manufacturing business. Through this, the government aims to promote electric vehicle...

anusuabose92

Price is moving up from a strong support level or demand zone. Also , we can see the price making higher high's on this daily timeframe chart. Additionally , the electric vehicle theme can give a good boost to this stock as Govt. has also announced higher subsidies to EV manufacturing business. Through this, the government aims to promote electric vehicle usage in...