bgmungekar

bgmungekar

Suzlon trading at important fibonacci 0.38 level.

bgmungekar

Bearish divergence can be seen in nifty 50 index.

bgmungekar

Generally we are told that 200 day ema works as support in long term, however for HDFC Bank 278 day ema works far better than 200 day ema as you can see in the chart.

bgmungekar

Dabur bounced back from it's long term support.

bgmungekar

A weekly doji is formed on the Dmart chart, stock has found support around 1220 previously, lets see if this pattern turns out to be morning doji start or not.

bgmungekar

Stock should have bounced after touching lower channel line but fibonacci retracement level of 61.8% is acting like strong resistance. For me stock becomes potential buy if it breaks 61.8% level, lets hope so. Jai Hind.

bgmungekar

Cipla is consolidating above it's 200 day EMA.

bgmungekar

Stock seems to has habit of moving in channel in accordance with bollinger band.

bgmungekar

Been waiting for motherson sumi to break out of the channel but unfortunately doesn't seem likely. Stock may continue it's downward journey.

bgmungekar

A gap can be seen in the price of Asian Paints(highlighted in green), a previous attempt to fill the gap on 18th April did not succeed, stock has been able to hold Fibonacci level of 23.6%. Two successive dojis can be seen recently and delivery percentage for last three days are 55%,67%,57%(positive sign). The stock might move up once again to fill the gap. Jai Hind

bgmungekar

ITC has brocken out of the channel where it was trading for quite a some time. Stock has already tested the upper boundary indicated by blue line(positive sign), once stock goes above green line then it becomes potential buy. Wait for stock to break green line. Jai Hind

bgmungekar

Britannia has just hit it's long term support trend line and stock has always respected it in the past, plus there is contraction in price movement confirming to triangle. Stock is consolidating about 38% fibonacci retracement level. All factors are indicating a big potential move. Jai Hind.

bgmungekar

A divergence is formed on the MRF with stock trading at its long term supprt but keep in mind it's Q4FY19 results are due for the next week. Jai Hind

bgmungekar

A divergence is formed on daily chart of Maruti Suzuki, the stock has made triple bottom but RSI is showing lack of momentum in recent dip.

bgmungekar

A divergence is formed on daily chart of Maruti Suzuki, Stock has made double bottom however RSI showing some strength.

bgmungekar

Hero Motorcorp broke crucial support level but may bounce back after touching lower support line of channel.