ashishjain26

ashishjain26

The scenario in this script is something called order absorption. It shows the classic price behaviour around a support level. What makes the price go down is an imbalance between buyers and sellers and there is more selling activity than buying going on. And when the price reaches the support level, buyers enter the market again and outnumber the sellers. Then,...

ashishjain26 Updated 

Reasons to go long in NSE:RELCAPITAL Classic Cup-Handle formation Oscillators turned positive Listing of RelianceNippon

ashishjain26

YesBank can test 345 by end of this week. Aroon Oscillator turned bullish as Aroon Up is greater than Aroon down and this change happened at the close of last week and we can see today YesBank was positive. After all the bad news factored in the price already, the stock is ready for shooting up like a star. Strong fundamentals and strong technicals => STRONG...

ashishjain26

If this stock (YesBank) opens above 320 and manages to stay above 322 throughout the noon then the stock will test first resistance at 335. There is strong support at 310. Bullish harami is also formed on weekly charts which is a positive technical indicator. Relative Strength Index (Smooth) is rising above oversold range after staying in oversold for 1 days ...

ashishjain26 Updated 

BSE:TATAELXSI Recommendation--> Buy: 1490 - Sell: 1535, 1560, 1600 - StopLoss: 1470 RSI is near 50 which will cross the 60,70 and 80 levels in 3,7 and 10 trading days Trading sideways in the range of 4.25% (1411 - 1470 - 1530) for 3 months. On Balance Volume constantly increasing which means accumulation is happening before next breakout. ...