kalyanganguly

kalyanganguly

Note: This is for educational purpose only. There seems to be a build up near channel support which shows lack of demand or lack of buying pressure. Moreover, there is a big red candle formed near support with high volume. You can short on breach of the channel.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish ascending triangle breakout with ultra high volume. RSI above 60 indicates bullish momentum as well.

kalyanganguly

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

kalyanganguly

Note: This is for educational purpose only. Bearish breakout of channel shown. Levels in Nifty shown.

kalyanganguly

Note: This is for educational purpose only. Bank Nifty unable to break resistance (23100 - 23150) thrice. Moreover, there is a bearish ascending triangle breakout on daily chart. Same is reflected on RSI trend line as well. RSI below 50 indicates loss of bullish momentum.

kalyanganguly

Note: This is for educational purpose only. Nifty has taken dynamic support previously on 50 EMA level. Hammer pattern seems to have formed on 50 EMA again. This level coincides with short term trend line support. However, the next candle is not bullish enough to close above the high of Hammer candle. RSI is below 50 which indicates loss of momentum. If next...

kalyanganguly

Note: This is for educational purpose only. There is a bullish engulfing pattern formed at crossover of 20 EMA and 50 EMA. Usually 20 EMA/ 50 EMA act as short term support/ resistance. Moreover, RSI is above 60 which indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish triangle breakout with high volume. RSI above 60 indicates high bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a bullish flag pattern breakout with ultra high volume. RSI is above 70 which shows overbought. There might be some consolidation or not before the next up move.

kalyanganguly

Note: This is for educational purpose only. Even though the channel has not broken, but there is an ultra high volume which resonates with the bearish price action. RSI at 50 which is nearing bearish zone. RSI not in bearish zone yet. Wait for confirmation.

kalyanganguly

Note: This is for educational purpose only. There is a bullish breakout with ascending triangle formation. Ultra high volume confirms the momentum of the bullish breakout. Moreover, there was a build up near resistance which is a sign of bullish strength. RSI above 60 adds to the conviction of bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a triangle bullish breakout in Asian Paint with high volume. RSI above 60 shows bullish momentum as well.

kalyanganguly

Note: This is for educational purpose only. There is a bullish breakout with ultra high volume. RSI is above 70 which indicates overbought. There would be an consolidation/ pullbac before the next rally.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout with ultra high volume. RSI above 60 indicates bullish mometum.

kalyanganguly

Note: This is for educational purpose only. Nifty seems to be in bearish mode. May be a pullback in the bullish rally. RSI shows bearing bias too.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish channel breakout in Divislab. RSI above 60 indicates bullish momentum as well.

kalyanganguly

Note: This is for educational purpose only. As described on chart, there is an ascending triangle breakout with ultra high volume. RSI above 60 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose. Nifty seems to be in a rising channel. RSI above 65 indicates bullish momentum. On a daily basis RSI is above 70 which indicates there might be some profit booking.