eastwind65

eastwind65

After making a recent High of 690 Glenmark has fallen steeply to the support zone at around 575-590 levels. There is a Trend line support at 581.80 and even today the trend line has provided support in making a Doji type candle signifying indecision by the traders. Now we need a strong Bullish followup candle to make up our mind.

eastwind65

There is a Long Term Trendline from 2017 and has made 3 attempts to break this TL. Once in March and there was a fake out in July and now I expect a breakout of this long term Trend Line. Can go long on a breakout with volume and a retest with a Bullish followup Candle for the following targets. T1-96 T2-108 

eastwind65

Its making the above chart pattern and may face a support zone around 177. Keep a sharp lookout for a reversal in the near term. 

eastwind65

NMDC has made the falling wedge pattern and one can look to go long on break of the resistance trend line and retest for the following target. T1-213

eastwind65

Can go long above 126 for a medium term Target of 166.

eastwind65 Updated 

It's time for IBRealestate to make a break on the long side. It has just come out of a cup and Handle Pattern and also a Bullish Flag Pattern. It has also made a couple of tries to break the Long Term Trend Line but the move did not last long.  There is also a strong resistance at 117.90. It has to break and close above this with strong volumes and a positive...

eastwind65

BPCL has been making consistently Higher Highs and Higher Lows and the Bottom Support Trend line is providing good support. Now after making a Higher High on 9 June the price has been falling and it is near the support trend line at around 440.Now we have to see whether the Support holds and the trend changes. There is also a Bullish Divergence. Keep a sharp lookout.

eastwind65

BECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of  445 in June and has retraced from the resistance zone at 442-452 range to a low of 395. Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence....

eastwind65 Updated 

Hindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern. It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal. So it...

eastwind65 Updated 

DLF has been making a Triangle Pattern and its about to break out. Keep on your Radar for Targets   ATH T1-332.70 T2-349.40

eastwind65

Now we have to wait for retest of the trend line or support zone and on getting a bullish confirmation can go long for a target of ATH 362.15

eastwind65 Updated 

Tin Plate Moving in a Channel from 24 March 2020. In addition there is a cup forming in the short term. So the outlook is quite bullish. Can consider going long. Holding from 165 levels for a long term target of 316. For the medium term can look for 285 as target. Short Term 235 Target.

eastwind65

NTPC is making an ascending triangle pattern from 4th June 2021 and is on the verge of breaking out. Can go long above 121 with a High Volume Breakout and retest for the following targets. T1-127 T2-145

eastwind65

There is a Resistance Trendline which has to be broken to get the following targets. T1-261 T2-288

eastwind65

KRBL has been making a Round Bottom Chart Pattern from May 2019 with a High of 361. There is a Resistance Trendline which has to be broken to get the following targets. T1-361 T2-388

eastwind65

From a massive fall in February 2020 from 1340 to a low of 235 it has gradually moved up in the process making a Triangle Pattern and has been faithfully following the Support Trend line and has not troubled the Resistance Trend line much until now.It did make an unsuccessful attempt to break the resistance Trend line in Feb 2021 and immediately tested the Support...

eastwind65 Updated 

After making a high of 437.95 Granules has been moving in a downward channel making consistent Lower Highs and Lower Lows until today. There is a strong support at 299-305. Anyway to make any long term investment in this scrip it has to break the channel on the upperside.

eastwind65 Updated 

Manappuram Finance has broken the Long Term Trend Line and has also retraced. It is making bullish moves with Higher Highs and Higher Lows for the past few sessions. The bottom Trend Line is also providing a good support to take the price higher towards ATH. There is also a strong resistance at 168-170 from where the price has been rejected a few of times. If...