chartistamey

chartistamey

Shoppers stop has been in a bull run since 2020 and has given multibagger returns to its investors. The stock has beautifully consolidated and formed a rounding bottom pattern and is currently near its ATH. A weekly closing above 820 will push the stock to levels of 850,880+ However, there is always higher risk involved in stocks at ATH so trade accordingly. This...

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Nykaa share has been under constant beating from its listing. Currently, the share is consolidating and it might form a double bottom pattern to bounce from 120-125 levels. RSI is already forming higher lows. The major resistance is 145-150 levels above which the stock might show signs of reversal. Idea shared is not a recommendation but just for educational purposes.

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Today's stock for analysis is DCXINDIA. This stock was recently listed nearly 50% premium over the IPO issue price of 207. Since its listing, the stock is in continuous downtrend as seen on chart. However, from past few days, we can see a retracement coming from levels of 150 in the stock. RSI positive divergence is also visible. 175-178 is a strong supply zone...

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Route is looking strong if it gives daily closing above 1400 for minimum targets of 1600. Q4 results have bettered the estimates. Also, stock has recently given bounce from strong support trendline. Kindly trade as per your own analysis!

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Justdial is one cash stock which has always given wild intraday moves. The stock has given a breakout of a resistance trendline and has given a weekly closing above the decisive level of 700. This stock can blast in the coming week but be sure to book quick profits in the stock or trail SL. 790 happens to be the next major resistance but there are minor...

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Fivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022. The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly. The immediate support for the stock is its previous swing low of around 525. 550-555 is a best buy level for a good risk reward...

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Welcorp has beautifully formed a cup and handle pattern in weekly time frame. Currently, stock is trading at the neckline. Be cautious in this stock as there can be multiple stoploss hunting before genuine breakout. Targets can be minimum 100 points from CMP for positional and long term perspective.

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TEGA stock was bearish from the time it was listed and never had given a weekly breakout over 620. It has given a strong weekly breakout and looks like it can test the listing price once it gives a daily closing above 650 levels. One can have keep a watch on it. This idea is shared just for educational purposes.

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Dabur is standing on a strong trendline support and is near its 200 week EMA which also is a strong demand zone. If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside. Currently, the candle formed is bearish and hence, it is wait and watch....

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Concor has given sharp fall from 52 week high of around 828 . Currently stock is in a channel and RSI is showing a positive divergence clearly. Risk reward ratio at 575-580 levels is very high since there is a strong support at 550-555. Above 610, 660 is the next strong resistance level. Keep in radar and trade with your own analysis. This idea is shared for...

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Happiest minds had given multibagger returns in 2021 and since then, it has been a correction phase in the stock. Recently, the stock has bounced from a strong support and has given breakout from resistance trendline. It is a good small cap IT stock with decent fundamentals looking strong for a bullish momentum. Best buy level for the stock is around 875-880 with...

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BEL stock is in uptrend from past few years and currently, it has given a breakout from a trendline resistance. I personally don't prefer breakout trading but the setup is looking nice above 104 with a small SL below 101.5 DCB. Kindly trade as per your own analysis and consider this idea for educational purpose only.

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Bandhan bank is continuous downtrend and currently, we can see a bounce from its strong demand zone of around 200 levels. The stock is forming higher lows in smaller time frame. Looks like a good swing stock for targets of 250 and above. 235 might also act as a small resistance. Keep in watchlist. Trade as per your own analysis as this idea is shared only for...

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Wonderla had given weekly breakout of IVHS pattern almost 1 week back and has consolidated from then. Today, it has given breakout from ATH and looks bullish for a swing as well as a positional trade.

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We can see a monthly closing above levels of 65 for the first time in Equitasbnk. The level was a strong supply zone which can now act as a strong support. The stock can easily move 20-30% or more in short term if we see a weekly closing above 70 this week. Even ATH level is 5% up from here which is a good swing target. Keep on your watchlist to track.

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Keep in watchlist. Stock has consolidated a lot currently looking good.

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Triturbine stock has given a weekly breakout from rising wedge pattern. Yesterday, the stock closed above 310 which was its ATH closing which was an indication for the breakout. 300-310 will act as a strong support now for the stock. It is better to wait for a retracement and watch the price action at support. The stock is in uptrend and is looking positive as a...

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LT has given a breakout from rising wedge pattern. However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario. One can enter if there is a retest and continuation of uptrend from 2250-2300 levels