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datepuru

If one connects price movement since April to now then one may be able to visualize Head & Shoulder chart pattern. However price has gone sideways for 4 to 5 weeks at head formation. Is this then the valid Head & Shoulder. Theoretically, the expected price decline is up to height from head to neckline. However, this improbable in case of L&T. What can be a fair...

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SBIN has formed symmetrical triangle on daily candlestick. We should stay away from SBIN till breakout takes place. More likely breakout will be on down side

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Share price has fallen from 1314 on 26th April to 1259 by end of today. Despite fall in price, investor interest has not increased. We consider delivery quantity as % to traded quantity as investor interest. Of course, this could be distorted by Buy Today Sell Tomorrow positions. But, still one can fairly ascertain investor interest using this ratio. We have...

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It has formed Doji on a weekly chart, a sign of indecisiveness. We have to watch out its movement hereafter.

datepuru Updated 

DRL is more likely to form dark cloud cover. Today, it opened higher than yesterday. It has even posted new 52 Week High at 2953. However, it fell thereafter throughout. Delivery quantity as % to traded quantity has fallen to 29%, which is very low compared to its past history. This gives more credence to likely fall on Monday. If DRL opens gap down on Monday then...

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Divi Lab has progressively formed a Rising Wedge pattern on daily candlestick. Apex of rising wedge is at 1771. Rising wedge is a reversal pattern from bullish to bearish. Height at the base of rising wedge is 170pts. According to Bulkowski, rising wedge has culminated into bearish movement in 69% of cases and on average the fall has been 58% to 64%. Thus,...