denasridhar

denasridhar Aug 10, 2024

US OIL APPROACHING FOR TRIPLE TOP Features and Highlights : US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance. The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation. If the Top is breaches, further rally is expected in short term. The trend line also formed a ascending...

denasridhar Aug 10, 2024

US OIL APPROACHING FOR TRIPLE TOP Features and Highlights : US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance. The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation. If the Top is breaches, further rally is expected in short term. The trend line also formed a ascending...

denasridhar Aug 7, 2024

The current trend of US Oil is bullish by breaching the resistance at 73.69. Expecting further rally on account of tension raised at Middle East .

denasridhar Dec 24, 2021

Dabur India forms a falling wedge pattern for quite a long time. The upward or downward direction is yet to be decided by the stock in the coming period. one has to be caution for making fresh position.

denasridhar Dec 22, 2021

PNC Infrastructure stock is forming a Falling Wedge pattern. The pattern is formed from Sept 21 and continues. Lower support is at Rs 244 and immediate resistance at Rs. 310 & Rs.343. The present price of Rs. 272 is below the 200 DMA and 50 DMA.

denasridhar Dec 9, 2021

Dabur India has formed a hammer pattern with a long wick on the weekly chart as on Thursday. If the same pattern is maintained on Friday 10/12/2021 then there could be a bullish trend reversal expected which needs to break the previous resistance of Rs.600 and Rs.613 for long-term upper trend.

denasridhar Dec 9, 2021

Apollo tyres is forming scalene triangle pattern which is having strong support at Rs.203 and strong resistance at Rs.224. Though the stock was able to break out Rs.224 Resistance level in last two occasions, the break out could not sustain and fall back to its earlier support level. Major price movement is not expected till it will have strong break out at...

denasridhar Dec 7, 2021

After ex bonus, IEX is under symmetrical triangle movement. Rs.250 is the critical range to determine the upward or downward movement. Fresh sell / profit booking may be expected once the bonus shares are credited to DMAT account.

denasridhar Nov 30, 2021

After reaching a high of 553, the scrip is in falling mode with more selling pressure. Presently it testing its previous support of 413 and the future of the scrip will be decided on the basis of fresh support with good volume at this support level for the uptrend. else further fall is expected up to 382.

denasridhar Nov 30, 2021

The bearish trend for Pidilite Industry is continuing for the last 7 sessions. It is testing the immediate support level around 2186. If it breaches the immediate support level with a bearish candle, further fall in the scrip is expected with high volumes.

denasridhar Nov 30, 2021

Glenmark Pharma is still under the consolidation phase for the past 3 and half months. Though there a more green candles with volumes unless it cross the previous resistance of 538 with a big green candle, the same trend of consolidation will continue. A new entry is suggested only with a confirmation of above 538 with good volume and a continuous range above 538.

denasridhar Nov 30, 2021

After consolidation position between 727 & 834 now has started breaching the support level at 727 which forms triple bottom position and going downwards and presently at 693. If breaches the immediate support level at 693, there will be an immediate fall, unless there is any positive trend in the next 1 or 2 days. cautious for a new entry.

denasridhar Nov 30, 2021

Motherson Sumi is on Bearish Mode. It has breached the latest support levels 221 & 210 and have steep fall on last 3 days. Expected to go down till 200 where there is a strong support. Unless there is any immediate positve news, the expection is fall further till the support level.

denasridhar Nov 29, 2021

Dabur India is having a narrow movement and forming a triangle wedge pattern. Rs.604 is the decisive price and can break out on either side. down ward movement is more predictable than upside breakout as per the present condition and the next support level is 581.

denasridhar Nov 19, 2021

Upper level resistance and lower level support for VGuard. NSE:VGUARD

denasridhar Nov 19, 2021

The price range for Gujarat Gas for short term gains.