After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can...
Traders, Lupin has already given breakout from horizontal channel pattern with very high volume and now it has formed pennant pattern . It has also given breakout from pennant pattern and now it is retesting it resistance line. Keep a tight watch at this stock. This analysis was only for educational purpose , feel free to give your feedback/queries.
Traders, as you can see clearly that BBTC was first in falling or descending channel pattern and then it gave breakout and formed wedge pattern. Stock also gave breakout from wedge pattern (that too with high volumes ). Now stock is again retesting the trend line (resistance line). Buy once stock start showing positive momentum. Don't buy if stock closes below the...
Grasim has formed cup and handle pattern and stock is almost at the neck line. Good target can be achieved if it gave a breakout with good volume. Note that this analysis was done by me only for educational purpose. Feel free to give and feedback.
Traders, I posted about the sleeping giant before at around 752 and stock has given 12% return after that. Now stock is giving one more chance for those who missed the rally, after the breakout from double bottom pattern it is now retesting. This can be good risk:reward trade considering big targets and so small Stop Loss.
HSCL is forming Symmetrical Triangle Pattern which is given breakout with high volume. Above 54 to 54.5 closing, Stock can give good results. Note that this chart is posted by me only for educational purpose , feel free to share your feedback/queries.
ASAHIINDIA is forming symmetrical triangle pattern which is famous for giving breakout and breakdown both. If stock gives breakout from this pattern that it can be a good swing trade ( Also watch overall market sentiment). Also note that this chart analysis was done by me for educational purpose, feel free to share your feedback/queries.
Dear traders , IOC can shoot like a rocket if this double trend line crossover is broken. A good breakout with volumes can make this stock multi-bagger as this is weekly chart so target levels will be high.
This chart analysis was done by me only for educational purpose. Feel free to share your feedback/queries.
Tata Motors is the best stock to look now as it is clearly forming flag and pole pattern. It has already given a breakout and it is at retesting zone , If retest is successful this can be a strong Entry . If retest fails don't enter it.
Important point about flag and pole pattern :- After breakout stock generally ( Not always ) goes as much as high as equal to the...
Guys INDIAMART has been taking support at the drawn support zone which later turned into resistance zone. Stock took 2 bounce back from resistance line and now it is trying again. 7750 Is import level watch carefully for a breakout.
This theory of support turning into resistance is very famous and very useful. This chart is shared only for educational purpose ,...
Traders, As nifty bank is rising sharply , There is very much possibility that Kotak Mahindra Bank can give an upward breakout from its symmetrical triangle pattern. Buy only after breakout is successful and its given with great volumes.
This is today's analysis that is done by me only for educational purpose, feel free to give your feedbacks/queries.
Traders, Stock is forming ascending channel pattern since JUNE 2020 , Which is almost 1 year pattern hence it is very strong long time pattern. Buyers watch closely on the breakout level , Sellers Watch closely at Stop loss level. Also as this stock is trading near 100 ( which acts as a psychological support/resistance) so consider this point also before entering...
Traders CROMPTON is forming falling or descending channel pattern and the stock has failed to touch the support line of the channel. This is good sign of upward breakout. Enter only if breakout takes place with good volumes.
This is my personal analysis and its just for educational purpose , feel free to share your feedback/views.
Nifty 50 giant Reliance is forming symmetrical triangle pattern which is more clear in 60 mins time frame. If resistance line is broken it can give a good swing upwards, if stock fails to break resistance level then it will start moving towards the support line which is also a good swing for bears ( Note : It has already formed pinbar candle near the resistance...
Traders, I have provided full detailed chart of eicher motors in 1 hour time frame which is clearly form symmetrical triangle pattern, buy if the resistance line is broken . Stop Loss and Probable target is mentioned in the chart itself.
This analysis is for educational purpose only. Feel free to share your views. I share chart pattern very frequently.
I posted about berger paints few days back, those who followed must have booked some parts of their profits till now. But those who missed opportunity can now trade double bottom pattern which is also a bullish pattern.
My suggestion is buy only above 771 or 772. This is multi-pattern formation and both the patterns indicates bullish sign. How you all liked my...
Stock has given wedge pattern breakout on daily time frame. Stock is forming ascending triangle (which is a bullish pattern) in smaller time frame ( 5 min or 15 min). Best entry would be above 778 ( on closing of 15 min candle ).
View chart in 15 min time frame for better view of ascending triangle pattern. Hope you liked my analysis , All feedback are welcome.
This is my stock-chart analysis for today ! The chart is itself filled with full analysis . Buy / Sell on if the stock closes on at least 15 min candle at the mentioned levels.
Don't buy/sell in hurry , follow the mentioned levels. Stock is almost at the neck line of the head and shoulders pattern.