kalyanganguly

kalyanganguly

Note: This is for educational purpose only. There is an inverted hammer & bullish engulfing at support of ascending triangle. You can place a market stop order above the high of the inverted hammer. RSI is 52 which is still in neutral zone.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bearish RSI divergence pattern in CIPLA in daily charts.

kalyanganguly

Note: This is for educational purpose only. There is a hammer at lower level of the channel which acts as as support. Moreover, as power of confluence, the lower band of channel is also coincides with the 21 EMA and there is a hammer at this level. However, RSI is 56 which is in neutral zone. Expecting a bullish move post 11700 level.

kalyanganguly

Note: This is for educational purpose only. There seems to be a Bullish Engulfing pattern on 21 EMA support with good volume. RSI is above 60 which indicates bullish momentum. Moreover, RSI shows a breakout as well. 21 EMA above 55 EMA which shows short term uptrend. Buy above the high of current candle and SL should be few points lower than the low of current candle.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish triangle breakout with high volume. There might be some consolidation/ side-ways movement based on the overbought RSI.

kalyanganguly

Note: This is for educational purpose only. There is a descending triangle bullish breakout with ultra high volume. The breakout is visible on RSI as well. As the RSI is in overbought zone, there might be a consolidation/ side ways movement to cool off the momentum before the next up move.

kalyanganguly

Note: This is for educational purpose only There is a ascending triangle bullish breakout with ultra high volume. RSI is showing breakout as well. Moreover, RSI above 65 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a W pattern formation in DJI. RSI however is in neutral zone so need to be cautions. Price movement above the 28200 will see next major upmove.

kalyanganguly

Note: This is for educational purpose only. There is an ascending triangle bullish breakout with ultra high volume. Moreover, RSI is above 65 which indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a bullish channel breakout with ultra high volume. RSI above 65 indicates bullish momentum. However, expect some side ways movement/ consolidation before the next bull run.

kalyanganguly

Note: This is for educational purpose only There is an ascending triangle bullish breakout with high volume. RSI above 65 indicates bullish momentum as well. There is a supporting a trend line breakout in RSI as well.

kalyanganguly

Note: This is for educational purpose only. TCS has broken out all time high with increase in volume and post formation of tight build up near a very strong resistance. I feel the only way from here is up for TCS. RSI is at 70 which indicates bullish momentum but slightly overbought. Expect a side ways movement before the next upmove.

kalyanganguly

Note: This is for educational purpose only There is a bullish breakout with ultra high volume. Moreover, RSI above 60 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only There is an ascending triangle bullish breakout with ultra high volume. Moreover, RSI is above 60 which indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a channel bullish breakout with Ultra High Volume. I am expecting the long term resistance to be breached as well. RSI above 65 indicates bullish momentum. Moreover, the support arm of the long term triangle is steeper than the resistance arm which shows the bullish momentum as well.

kalyanganguly

Note: This is for educational purpose only and please do not trade futures & options based on this. Current levels of Nifty as per hourly chart.

kalyanganguly

Note: This is for educational purpose only. There seems to be an ascending triangle bullish breakout with good volume (not too high). There seems to be a similar breakout in the RSI as well. RSI is 54 which is in neutral zone. As per the chart it seems that the bulls are back in control post a substantial push from bears.

kalyanganguly

Note: This is for educational purpose only. Bank Nifty levels based on 3 hourly chart.