BAJAJCON is forming a good parallel channel pattern since last 140+ days. Now the stock is near its support line of the channel. Stock has also formed bullish harami ( japanese candlestick pattern ) which is trend reversal pattern from bearing to bullish. Considering these two good signals, this can be a good long opportunity. Please note that this analysis was...
Bajaj Auto , one of the auto giants has been forming cup and handle pattern for past 140+ days, if it gives breakout it can give a good up move after the retest. Note :- Wait for breakout to happen. Some quick fundamentals on this stock :- Return on Capital Employed (%) = 22.96 ( great ) Return on Networth / Equity (%) = 18.7 ( great ) Total Debt/Equity = 0 (...
SBIN :- SBIN is slowly moving in an uptrend if we look at monthly candles. After so long it gave breakout from its monthly resistance line. It is now retesting the resistance line. If retest is successful and stock moves up , this will be best investment for long term , as this is monthly chart, also don't expect gains to be super quick, Consult your advisor or do...
CESC : It has formed channel pattern ( slightly ascending) for 400+ days and it gave breakout on 07 june 2021. The stock is now retesting its resistance line, if the retest is successful it can give a strong up move at least equal to the breadth of the channel . Feel free to share your views/feedback, also let me know in the comments if you liked my analysis on this stock.
Dear traders, as you can clearly see that canfinhome is making a symmetrical triangle pattern. But main thing we should notice here is that the support line is more strong as it has tested more no. of times than the resistance line. Also look at volume bars, During red days the volume is generally low as compared to big green volume bars on green days. Buyers are...
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.