As the markets look weak, it makes sense to trade in stocks that a have weak setup. BajaFinserv looks like one of the weakest charts in Nifty.
The stock has failed to rise above the previous high 19325 and made a lower high at 18620. Post that the stock prices moved below the previous low of 15450 at a very fast rate i.e. just 5 days. This shows the strength of...
Maruti has been in a Complex Head and Shoulder pattern formation since September 2018. Looks like the stock is coming out of this pattern as it moves above 8500 with high volumes.
The stock had reported its Quarterly Earnings on 25th Jan and the stock has moved +4.2% since then.
If the stock stays above 8500, it can move towards its all-time high of 10K
Double top pattern formation in HDFCBank 15 mins time followed by the stock price moving below that level. Bearish setup.
Diclaimer : For educational purposes only.
Negative Divergence in Berger Paint with RSI. But, this does not ensure a down move. We can expect a down move only and only if the prices break the trendline. One should be cautious and wait for confirmation.
Disclaimer : Only for educational purposes
Rounding bottom pattern observed in Pressman Advertising on weekly time frame.
In 2018, the stock had hit an all time high of INR 88 and post that the stock price kept falling and hit a low INR 11.35. The stock fell to these levels after SEBI fined five entities for fraudulent trading shares of Pressman. Now, the stock has started moving up again from 11.35....
