chakraveer1104

chakraveer1104

Monthly Trend - Up Weekly Trend - Up Daily trend - Up Closing Price above SMA 200 - Yes MACD Signal - Buying Cross over Buying Zone - Yes RSI - 76 Volume - Consolidated Price near 20 EMA - Yes Targets , Entry Point and Stop Loss as marked in the Chart.

chakraveer1104

Monthly Trend - Up Weekly Trend - Up Daily trend - Up Closing Price above SMA 200 - Yes MACD Signal - Buying Cross over Buying Zone - Yes RSI - 64 Volume - Consolidated Price near 20 EMA - Yes Targets , Entry Point and Stop Loss as marked in the Chart.

chakraveer1104

TATA STEEL , one to the most popular stock of Indian Stock Market , which was under the radar of every single investor for this break out. The Stock has shown break out on BULLISH PENNANT CHART FORMATION after a gap of 2 years . Both MACD and RSI are in the favor of the break out and hence the probability of FALSE BREAK OUT is minimum. However , we still need to...

chakraveer1104

SONACOMS has rested on its next support and now on the way to the second phase of its uptrend after the trend reversal from the channel. The targets and the SL are marked on the chart for your reference. Remember this is an education post and meant only to understand the behaviors of the charts. It does not carry any tip to buy or sell for the stock. Good Luck !!!

chakraveer1104

Break Out Seen on India's one of the most popular stock TATA STEEL. The new trend is expected for the target of 922 and above. The SL is 590 for this trade . This educational post is not a tip to buy or sell the stock . Please Trade at your own risk . Good Luck !!!

chakraveer1104 Updated 

BAJAJ HOLDING seems to be getting into a new trend as shown in the chart followed by a Pennant Breakout. The CMP is 7177 with SL is 6800 for an expected target as per pennant break our theory is 9300. RSI and MACD technical indicators both are in favor of this trend and the SL is already being tested twice. Hence a golden opportunity to get into a new trend with...

chakraveer1104 Updated 

Buying Signal in UBI with Three Green Hammers and Rising Lower Low. MACD cross over and RSI cross over supports the idea of buying. The important levels are marked on chart. Summary : Buy above 73.60 SL @ 70.50 Targets : 77.80 , 83.36 , 89.05 and 94.17 This study is only for education purpose and shall not be considered as TIP to buy or Sell. Good Luck !!!

chakraveer1104 Updated 

Formation of the Head & Shoulder Pattern is clearly seen on the Chart. The Entry level , Targets and Stop Loss are mentioned on the chart. Company's Fundamentals PE is only 12.15 against industry PE ratio of 21.14 with PB ratio of 4.95 only. ROCE of 47.3 % one of the highest in the Industry. Quarterly Revenue rose 23% YoY to Rs 831.1 Crores where as Its...

chakraveer1104

Break out Seen on monthly time frame on JSW Steel . The stock is going to make a new trend and thus provide us an opportunity to be a part of it. With a SL of Rs. 780 , the stock may hike to a level of Rs. 937 and above as shown in the chart. The above study is not a tip to buy or sell the stock . It is the trend analysis of the stock. Good Luck !!!

chakraveer1104

just now Buying Opportunity seen in CUB after completion of double bottom pattern , the reversal seems to be confirmed from the demand zone as shown in the chart. RSI and MACD cross over favours the reversal . The SL and targets are as usual the demand and the supply zone. As this is an educational post , do message me the probable SL and Targets as a part of it....

chakraveer1104 Updated 

Petronet LNG : Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00 Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 . This study is only for education purpose and...

chakraveer1104

Pole and Flag Break out pattern seen in Karur Vysya Bank, that to in an Uptrend. On a long run to make another life time high after Sep 18, 2017 . Strength of 6 years will not go in vain so easily as this stock is currently in hot list of all big players with One of the least PE of 3.47 only in the industry One of the lease PB Ratio of 0.91 only in the...

chakraveer1104 Updated 

Before any discussion , I like to share few facts about mighty Nifty : 1. Nifty is in downtrend since 1 Dec 2022 from level @ 18860 2. After 3.5 months of downfall , finally Nifty found support level @ 16850 3. The support level was retested numerous time unless Rectangular Channel break our was seen on 31.03.2023 4. Since 31.03.2023 , Nifty was in uptrend till...

chakraveer1104

Oil India is engaged in exploration, development and production of crude oil & natural gas, production of LPG, transportation of crude oil & natural gas and generation of renewable energy. The Stock is stuck in a range forming a symmetrical triangle where the bottoms are getting higher and higher and we may see a break out very soon. Due to high consolidation ,...

chakraveer1104 Updated 

Amara Raja Batteries Limited is an India-based manufacturer of lead-acid storage batteries for industrial and automotive applications in the Indian battery industry. The stock has shown Descending Triangle Breakout today. Breakout in Volume and RSI is also seen. However, to make long term hold position, retesting of the support at 600.10 is recommended. If the...

chakraveer1104

Who else is waiting for breakout on 15 min/ 30 min/ 60 min time frame with triangle pattern contracting from bottom....

chakraveer1104

Who else See a Head n Shoulder Pattern on chart of Astral Ltd . I have intentionally not mentioned the entry level and the target. Let's make it a mutual exercise for everyone on this forum. If you are also seeing , the same pattern, please mention right entry point and targets , in your opinion , in the comment section. Don't forget to boost my study....

chakraveer1104 Updated 

Delhivery Ltd , India's Popular Supply Chain and logistic company , with a Market Capitalization of More than 24,000 Cr seems to be ready for a reversal trend. Since , Jan 2023 , it is making support for the second time now. Going with the Elliott Wave theory , as shown in the chart , the stock is entering into the 3rd Wave of the uptrend , which is supposed...