bhagat109

bhagat109 Updated 

HUL has formed a Head & Shoulders pattern in the 25 min time frame. So if it gives a breakdown, it can go down at least 60 points. But bear in mind it is near oversold zones in the RSI. So if it fails to breakdown, a trade can be taken on the long side too. If short ---Downside target: 2070. If long ---Upside target: 50 points. SL : The blue line. (PS: I'm more...

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Ever since the breakout in DrReddy, the stock has been consolidating for quite a long time now. It has been trading in a range since 18 Sep. Consolidation is is confirmed by the lower volumes after the breakout. Q2 results are above expectations. I am hoping a breakout tomorrow. Also, I've been waiting for the stock to come close to the trendline. This is the...

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In 25 mins chart, a cup and handle pattern has been formed very clearly. This can be traded for intraday as well as swing. To go long, the stock should stay > 453 for atleast 15 min.

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The stock is on a long term down trend. The trendline is acting as a resistance and has been tested multiple times. Rejection from the trendline this time also. RSI is in overbought zone.

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After a considerable downtrend, ITC has broken the trendline. I wouldn't enter the trade right away. I would wait for it to retest the new little trendline that I just drew. Target: 180 SL: The new little trendline.

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Breakout from a short term downtrend. (Green arrow) After breakout there was a pullback which took a support at the long term trend line. Target: 7% SL: Long tern trend line.

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After reaching the target comfortably, profit was booked. Now it has shown a nice rejection candle at the upper end of the channel. If it opens/crosses < 2054, it'll be an opportunity to sell it for a swing trade. Rejection candle is identified by the long wick on the upside. Bulls tried to push the price above the resistance but bears won ultimately. Also I'm...

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Nestle is on a downtrend. It broke below the 200 DMA with strong volumes. It has pulled back right till the 200 DMA where it was met with resistance. And now we've 3 strong red candles successively (three black crow candlestick pattern suggestive of bearishness) And the resistance can be seen right at the trendline that I've drawn. Tgt: 15200 SL: use trailing...

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1) broke the trendline 2) Prior candle is a Big red red candle (formed after a doji) Take short position only if it breaks below 110.80 (Low of the big red candle) Tgt: 103.5 (200 SMA) SL: 114.5 (Above the inside candle)

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1) Evening star has formed after a strong uptrend 2) Formed @ 200 SMA 3) Banknifty also got rejected @ 200 SMA Tgt: 360 (partial profit @ 380) SL: 401

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Escorts like any other auto stock is on a strong uptrend. But now it shows signs of possible pullback. Reasons: 1) Upper line of the channel. 2) Evening star candlestick pattern. 3) New high not accompanied by high volumes. TGT: 1200 SL: 1312 (High of the red candle)

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Shree Cement is on a clear downtrend. But the W pattern would make one think that downtrend has come to an end as it is a bullish reversal pattern seen at the end of a downtrend. Here's why I'm short: 1) Bearish engulfing candle. (right at important level where if it crosses above, would make one to take a long position) 2) Bearish engulfing candle after a nice...

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The Price action seems bullish from here after a decent downtrend. Reasons: 1) 3 strong red candles are nullified by a single green candle with above average volumes. 2) Happened near lower line of a channel. Target: 1020 (upper end of Channel) SL: 844 (recent swing low) (PS: Expect a little resistance at the control price.)

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Morning star is a bullish chart pattern. It's formed at the end of a downtrend. A doji is formed after a clear down trend, followed by a green candle which confirms the beginning of an uptrend. Other points to consider: 1) Touched the low of the channel. 2) RSI is oversold. Target: 900 SL: 825

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1) MORNING STAR 2) Lower end of a channel 3) Horizontal support 4) RSI - oversold. TGT - 2070 SL - 1907

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After a clear down trend, a Doji has formed which is followed by a green candle. All this right at a major support level (yellow line). One can go long with a target of 1400 & SL just below the green candle on a closing basis.

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Tatamotors has been on an uptrend after the March lows. It has very well crossed the 200 SMA with good volumes. It is retesting the 200 DMA as well as the new trend line that it has created. If the markets go green today, I'm pretty sure Tatamotors will continue its uptrend. Also the Stochastic RSI is showing oversold. NSE:TATAMOTORS Target: 150 SL :...

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From the recent lows of March 2020..DrREDDY is clearly on a bull run. As the uptrend has taken a halt & we can see that bulls are facing resistance @ 4188. At the same time it is making higher lows. Over all it's making an ascending triangle pattern. So, if it breaks & sustains above 4190 with higher volumes, then it's a BUY for sure. Target being the pole of the...