harshad_009

harshad_009

After weeks of under-performance, Infy seems to be gearing for a upmove, once again entering the same old rising parallel channel, keep watching this chart And as always do not enter any position without own study #DYOR

harshad_009

On the weekly chart, Nifty has been traveling in an ascending parallel channel and this time round it has touched the bottom of this channel and is moving upwards, as you can see in the chart whenever it has touched and turned away from the bottom it has traveled atleast towards the midline, in today's position the midline value comes out to be 18436.60 Besides...

harshad_009

Nifty Bank on day charts seems evenly poised for a ride either way, perfectly paused around this level of 37000, it can either travel towards the upper Bollinger band which is somewhere near 38910 or it can drift away down towards lower band which is near 35246 Having said that and After seeing the charts some observations that came up are like 1. Continuously...

harshad_009

Nifty Bank on a chart of 15 minutes time-frame Not always you can use candlesticks to read something that's being written on the charts So, this be treated as an attempt to read it using another tool, this time it is baseline Trying to keep it simple and readable enough there is an upward journey, a destination point and again a downward travel, In the...

harshad_009

Shaken by the tumultuous selloff ?? not a matter of utmost worry though, because every dark patch is followed by some ray of light as they say, every chart speaks, so, this is an attempt to try and listen what the chart of nifty bank is trying to say, particularly after a fast and furious meltdown time-frame used is weekly, indicators applied are Bollinger...

harshad_009

How often do we find a stock chart that's constructing a complete staircase, adding consolidation and rise block by block, creating umpteen supports and in turn giving out a structure that's firm,robust and astound !! On its upward journey in last six odd months this stock of Privy has created a wonderful view on the charts (the referred to time-frame is weekly)...

harshad_009 Updated 

One great swing opportunity seems to be building on the charts of IDBI bank. On the weekly time frame this script has broken out from below a twenty year old descending trend-line and a double bottom as well and that too with volumes that are nearing life time high numbers. After breaking out it has again revisited the erstwhile resistance and taken a support...

harshad_009

Read this chart of Thomas Cook, so many chart patterns on one single chart, someone may find a big rounding bottom , some may get hooked by a somewhat inverted head and shoulder , there is a cup and handle pattern , a rising channel pattern and the script is giving breakout out of each of this on a weekly chart , so you can look at it as per your choice of...

harshad_009

Finolex Industries is on the verge of a big big breakout 1. It has broken a rising trend-line and sustaining above it for the first time in a period of twenty long years 2. It has given a breakout of a rising parallel channel and is about to be sustaining above it 3.This breakout is seen supported by life time high volumes, volumes which are repeated after a...

harshad_009

A comparative study of Nifty Bank along with its top 5 constituents revealing possible futuristic participation of all major participants, role change, weight change, possible growth scenarios and much more intriguing trend compositions Constituents included in the study 1. Nifty Bank 2. SBIN 3. ICICI BANK 4. AXIS BANK 5. HDFC BANK 6. KOTAK BANK EVERY CHART...

harshad_009

An interesting behavioral pattern is in continuous formation on monthly charts of #tatapower 1. Since its listing (available chart data) it remains in a consolidation box for about 1852 days 2.Ending this consolidation phase, it enters a parallel rising channel that spans all along 1248 days 3.After this parallel rising channel it again enters in a massive...

harshad_009

GUJALKALI is poised for one of the biggest breakouts 1. On a weekly time-frame it has already broken out of a rising parallel channel that has been under construction since a year and a half 2. Again it has broken out from below a rising trend-line that runs for a span of more than four years 3. Now it is poised to break out of a large rounding bottom pattern...

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A possible breakdown it seems is on the cards for Nifty Bank, as this chart in hourly time-frame suggests the setup seems building accordingly 1. it has formed a double top at the ATH of 38112 & being an ATH it is most likely to act as a resistance, until broken decisively 2. OI data indicates 38000 has the most number in terms of call writing, which again...

harshad_009

Polyplex Corp ( LTP 1743.40) traveling in an affirmative rising channel is ideally poised for an either way swing, *scenario #1 it retraces and touches the lower end of the rising channel, takes support there and then crosses the upper end of the channel then can travel to the 1.618 retracement which is 2173.80 i.e. a 24.65% swing (validity confirmed after a...