iChoco

iChoco

Previously 26 was acting as resistance for IRFS Then it broke that level with huge volume on November-2022. Right now it is retesting that level with very low volume, providing us with a good opportunity for positional trade. <<< Do your own research before taking any trades >>>

iChoco

Previously the stock made a CUP & HANDLE pattern in daily timeframe. It was facing resistance @1175-1200 range, then it broke that resistance with enormous Volume and made a new high. Now it is coming back to the breakout level for the first time, which might provide us with a good long opportunity. For added confluence 1. RSI is below 40 (which will fall a bit...

iChoco

The chart is pretty much self explaining. In larger TF it has already made an inverted H&S pattern. And after completing formation of right shoulder now it is making a flag. This is a good long opportunity.

iChoco

As you can see from the chart COALINDIA is at its support of 210-205 range. and the red line is 200 EMA @Daily TF, and the blue line is 50 EMA @Weekly TF. The RSI indicator is also in oversold territory . It might be a good long opportunity. Entry - 210 Target - At least twice of the risk. (234) SL - 198 **Do your own research before taking any trades**

iChoco

Aarti industries is at 200 EMA on weekly timeframe. And upon observing RSI, a clear Positive divergence can be spotted. This is a good positional trading opportunity. Do your own analysis before taking any position.

iChoco

The picture says it all. Clear breakout in weekly chart with strong bullish candle, with an unexpected volume burst. Waiting for any retracement to 400 levels for entry.

iChoco

The chart above says it all. Daily TF Analysis :- If you look at daily TF you will find this stock made a high of 1530-1540 last year, then it fell down. This year in November 2nd week it broke out that level and right now it is retesting that previous resistance level. From price action point of view...

iChoco

The HOURLY chart picture is pretty self explanatory. As you can see RAILTEL took first resistance near 133, then it broke the Resistance, after that the resistance became support. First it took support near 13 then made a Higher HIGH, then again it is came to the support of 133. The sloping up 200 EMA is at 130 (Will probably provide additional support). RSI...

iChoco

AstraMicro is making a flat base pattern at Hourly timeframe, And the RSI is in Uptrend. Which indicates positive divergence. It can give a good upmove up to 319 SL should be at 301. Risk: Reward is 1:2.

iChoco Updated 

Inverted head and shoulder pattern has immerged at IEX, indicating good up move.

iChoco

RSI divergence is spotted at this stock, at daily timeframe. the stock is making a flat base near 460 level. but the RSI value is continuously rising. which indicates positive divergence. a Long trade can be initiated at 460 level, for First target of 495 and second target of 510 Risk to reward ratio would be 1:2+ SL is a must, at 445 level.

iChoco

COSMO FIRST is at support @Daily TF. and from the chart it is clear that RSI is making higher lows. Moreover 100 EMA @Weekly TF (@821) is just below current market price. Red flag (Risks) - The only red flag to consider before building any long position is that all 20, 50 moving averages are below 200 Day EMA. Conclusion :- It can provide a good swing...

iChoco

The stock DRREDDY broke its long awaited resistance zone on July 11th with an above average volume. Right now it is retesting the previous resistance zone (Which, according to price action theory might work as support now.) and also the 50 and 100 day moving average is just below the current price which adds double confirmation. the 200 EMA is at near 4400, if it...

iChoco

Torrent pherma has recently broken its long time resistance zone. And right now it is retesting that, which might work as support this time, also it just touched at 20 EMA, which will give it a boost. good upside potential of 2.5:1 risk reward trade.

iChoco

Eveready is at support of 20, 50, 100 EMA. Taking support at 100 ema for last two days,and making shadows downside. Good opportunity for a 2:1 risk to reward trade.

iChoco

RSI convergance is spotted in Delta corp, the stock is taking support in 20 EMA, upside potential is upto 50 EMA at least.

iChoco Updated 

As the title suggests, in daily timeframe of TCS there is a RSI convergence. From 1st L H point TCS is falling but RSI is not making lower lows, rather RSI is making higher lows since June 25th. And also 3000 price level is a support zone (Look at weekly chart). Probably this stock is preparing for a short term up move, good swing opportunity. First target would...

iChoco

It is clear from the chart that IDEA has already made a symmetrical triangle pattern And broke that with a strong bullish candle (Proving strength) Now it made Flag & Pole pattern. Which indicates a swing trading opportunity upto 9.35 - 9.50 level. (On the tine of publishing idea LTP was 8.8). SL 8.20 is a must. And also the stock is at strong support on...