furious50

furious50

TORRENT PHARMA - Ascending triangle/W formation/inverted H&S BREAK-OUT - Pick your choice.

furious50

WHIRLPOOL has formed hammer today, if the price moves up then the formation of Head for inverted H&S should form and the price might move up again. +Deliver is 35.76% +RSI is weak but if there is a strength in next two days in RSI the price should move up to complete the formation of Head.

furious50

today in Navin Fluorine a strong bullish engulfing candle has formed. tomorrow i.e. 12/27 there is a very high chances of the price to move upward. also there seems like an ascending triangle formation which may help the price to move up. -RSI crossing 70 -very high volume buying compared with 10 days average -delivery remains low of 18% -good for intraday or...

furious50

Tech M has broken the Ascending triangle and has already gave a move out of the triangle. a bullish the price will keep moving up, advance blocks of green candle are created. need to be careful with what candle gets created next as if a bearish candle is formed the price might move back in the red zone.

furious50

FINPIPE has been moving in the shown formation since 2 weeks and has created a doji today. if the next candle to this doji opens up higher then it will be a perfect formation of uptrend. need to observe the opening on 12/28 and is good for small profit booking. -RSI is median movement. -Volume for today is less compared to 10 days average -Delivery 39%

furious50

IRCTC is making a move and has already formed a H&S in the past, currently it is saturating within triangle. On Friday (23/12) it has formed an evening triangle which can move the price downwards. FSP

furious50

ATGL shows formation of head, better to wait and observe

furious50

DIXION is a very strong stock and has been in uptrend for a very long time. in the past it has broken the strong resistance 4800 and is now a support of the breakout, same might happen if the triple bottom bounces back to resistance (5529) and give a breakout to create a new support. till then we have to wait and watch. good to buy at support

furious50

Prince Pipes is showing a bit weakness, not only in stock but also as per pattern it might go down for a while and recover. although it will take time anything might happen, best to invest only a strong uptrend is observerd.

furious50

PERSISTENT SYSTEM _ FSB It has already completed formation of inverted H&S the price might move at the good speed and create another H&S. Keep an eye on movement.

furious50

LTI _FSP LTI has already broken the ascending triangle and the W formation is also in completion. will the price give a break out or will the price will come back down again? what are your thoughts? let me know in comments

furious50

DMART starting from downtrend has accumulated well within bullish symmetrical triangle. if it breaks 4695 support it will go to 4455 and if it sustains above and closes above 4903 it should give a break out, the vol for today (15/12) is good compared with 10 days (252K vs 380k) and delivery is above 49%.

furious50

Clean science is been in an uptrend continuously for 7 days, it is obvious that it will come down, although it can take support at 2305 or 2198, it will be better to enter at the bottom strong support, if a head an shoulder is formed it will reach 1938 and move up for shorter period of time to create a right shoulder. RSI is moving down and vol bought is very low...

furious50

Hindustan Unilever has been in downtrend for very long and is still going in the same direction, if it breaks support there will be more selling expected, currently taken support at 2307 a harami candle has been formed, tomorrow we might see an upward movement and can witness a positive sign for this stock. to play safe a closure above 2442 will always be a safer....

furious50

WIPRO today has closed on 646.90. entry was 647 which should be good as it has sustained a support above the triangle, would recommend to wait for one more candle for up move, if it closes above 647 tomorrow it should uptrend later. looks like a doji candle creation to me hence its better to wait for one more candle before entering.

furious50

nifty50 has formed a morning star which could state tomorrow nifty might endup green, however be careful while trading as the gap is still not filled if tomorrow ie 15-12-2021 the market remains in green then on Friday there could be a downtrend and gap filling might happen. gap filling is not necessary will happen instantly it may take weeks or months but...

furious50

AMARAJABAT although one of the leading battery company and a big boost for EV industry is downtrending for long time, it is now its 52 weeks low and is expected to bounce back. however the good news and bad news is hammer is formed and last day candle is bearish engulfing, that could means either the price will move at full speed or it will move to the bottom...

furious50

Tata Elexi is now moving in the same formation for quite sometime it has to cross the marked entry point for a good uptrend movement. It has been giving closing in red 4 times in a week. Once it crosses and closes above the entry point it will be an uptrend