finalyticsbreweries

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Liberty has struggled to cross 152 in last 3 attempts and on every attempt a huge bearish candle forms. Now scrip is in uptrend and this time fall near 152 has faced low volume as compared to previous falls. Scrip was in narrow range since past few days and indicates stock was being accumulated. THis time it could cross the 152 level & if it sustains & close...

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Liberty has struggled to cross 152 in last 3 attempts and on every attempt a huge bearish candle forms. Now scrip is in uptrend and this time fall near 152 has faced low volume as compared to previous falls. Scrip was in narrow range since past few days and indicates stock was being accumulated. THis time it could cross the 152 level & if it sustains & close...

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NMDC is near its major supply zone on 96 rs levels. It has correcred thrice from these levels. Price has been fluctuating between 80-90 levels for many days & had made a cup like structure. Handle formation has been started. If it brokes the resistance of 96 rs with good enough volume, go long. buy: above 96 Target: 105 SL 85

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Head and shoulder formation observed before the big crash. Support of this formation is on 181 rs. Right shoulder broke the support and a major fall occurred which coincides with Covid situation. Recovery is happening in a parrallel channel making upper dynamic resistance and lower dynamic support lines. Today Both the previous support and parallel channel...

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Head and shoulder patter observed in BHEL. H&S indicates a trend reversal from Bullish to Bearish. But Since Nifty is in bull run & will go upwards after minor corrections happening since past few days. Hence I am more in favor of long setup in BHEL. Volume is gradually increasing from a couple of days. Volume & Price action is in favor of a long setup Most...

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1. facing Strong Resistance near 600 levels, made a Triple top formation on this level. 2. Strong support on 500, crashed post breaking this support. 3. Now price is swinging in a parallel channel, Bottom of the channel is acting as a new dynamic support line. 4. A new supply zone near 467-470 levels. Minor resistance on these levels. Positions: Enter above...

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Stock was continuously in uptrend & now in conolidation phase with very less movements.. Significant decline in volumes observed. Even though Price is in upmove, RSI is in downtrend .. Thus there is a divergence between Price and RSI indicating weakness in the scrip. A correction is expected till bottom of the rectnagle zone till 585 levels. If it breaks the...

finalyticsbreweries

Reliance is showing weakness after a huge rally. Volume is almost falling on a daily basis with little to no price movement in scrip. The stock seems to have entered into the exhaustion phase & now consolidating itself because of profit booking. Please wait for the clear breakout either upwards or downwards. Any correction will cause a breakdown But Since Nifty...

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HDFCLife made a triple top formation on 640 levels, on all the 3 attempts huge quantities have been supplied & stock fell. This time there is abnormally heavy selling volume on the latest 3rd top indicating high pressure around those levels. Stock is struggling at 600 levels & on its S2 level. Stock may further correct itself till S1 levels around 550 if Nifty...

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COAL india struggling since few weeks between 120-130 levels which was consolidation phase and huge accumulation has occured in this zone. A descending triangle can be observed as well. 2 huge volume bars has caused the price to broke out of the triangle and consolidation phase. Even though Nifty hasnt moved well, COal india has build a good momentum. Go long...

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Motherson sumi two price action zone observed : PA zone 1: 92-103 PA zone 2: 105-115 Past 2 candles have broke both the resistance zones with very heavy volume & todays closing is above the strong supply zone. Hence high chances to go long in the scrip: T1: 125 T2: 136 SL 106

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Titan had a huge supply zone on 1050 levels. Stock has traced back twice from these levels. In third attempt, Titan has crossed the 1050 resistance level with heavy volumes. Last Friday Nifty was bearish, But scrip has maintained the close above 1050 zone. Thus it is supposed to keep its momentum and will now shift to levels above 1050. The stock has a...

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Ajanta Pharma is near a strong resistance level. There is a heavy supply zone in 1600-1650 levels and scrip has tested these levels multiple times in past occurrences. Only on one occurrence, it crossed the zone with volume and attained above 2000 levels Now It has entered into the same zone again & This time supported by heavy volumes as well. The stock has...

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HDFC Q1 results: Decline in PAT, Net income QoQ basis. No insights included on the moratorium loans in results. But still being showcased as positive by media houses. Technically stock has made a resistance level around 1080-1090 zone. Price is hovering around 200 DMA. Volume has dissipated. Thus stock presents mixed signals. Tomorrow: 1. If Candle breaks the...

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Cadila started Human trails of COVID-19 Vaccine. The daily chart shows classic Cup and Handle formation. Recent Close is above the Handle line. Hence backed by the news and supported by technical indicators, upmove expected. Price levels are congested in a narrow zone, hence various support-resistance lines can be observed. Entry Price: CMP Target 1: 404 Target...

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Nifty IT has seen a major bull run since past week & now rally is expected to halt on the backdrop of profit bookings. 1. Infy Gapup opening today on positive results. 2. Created a new resistance level near 933-934. 3. Fall to 78.6% Fibonacci retracement levels observed today. 4. Further correction to 50% level is possible since large gap supposed to be filled...

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Indiabulls is gearing itself for a major breakout. Price is in consolidation zone after a major uptrend & volume consolidated after a decline. It has formed a Pennant structure & uptrend will continue once it breakout of the upper trend line. Major resistance at 235-238 levels. Entry would be above 238 once it breaks the resistance and upper trendline with heavy...

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Following a rangebound trade in 1 hr chart. Touched the lower trendline support today and expected to rise. Target: 204-205 in 2-3 weeks SL: 184.15 Above setup is valid only when Bank Nifty rise.