kalyanganguly

kalyanganguly

Note: This is for educational purpose only. Build up near resistance shows lack of selling pressure. Expecting a good bullish breakout once resistance is broken with good volume. RSI above 60 adds to the bullish momentum conviction.

kalyanganguly

Note: This is for educational purpose only. There is a huge surge in volume in IOC and there seems to be a descending triangle breakout. RSI has moved above which seems to be a bullish momentum.

kalyanganguly

Note: This is for educational purpose only. In 30 min chart Nifty seems to be moving in channel. Resistance is around 10830 to 10850 whereas strong support is around 10600 levels. Moreover, there seems to be a bearish engulfing at resistance in 30 min chart.

kalyanganguly

Note: This is for educational purpose only. In M&M Finance, there is a first pullback after breakout. Moreover, the price action indicates a bullish reversal from resistance turned into support. Moreover, RSI is above 63 which indicates a bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a bearish breakout from wedge pattern as well as lower support level. This is supported by high volume. RSI is below 40 which adds to the bearish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish ascending triangle breakout with high volume. Moreover, RSI above 60 confirms bullish momentum. Moreover, there is an inverted bullish hammer on resistance turned support. Buy above high of current candle.

kalyanganguly

Note: This is for educational purpose only. PNB seems to be forming bearish flag pattern with high volume.

kalyanganguly

Note: This is for educational purpose only. Long term trend is bullish. Seems like bullish in short term trend. But unless the channel is broken, can't determine a clear accumulation or distribution phase.

kalyanganguly

Note: This is for educational purpose only. There seems to be a formation of bear flag pattern on weekly chart. RSI below 40 which indicates bearish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout post accumulation with high volume. Moreover, RSI above 65 which too indicates bullish momentum.

kalyanganguly

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

kalyanganguly

Note: This is for educational purpose only. There is a build up near resistance in GAIL. Moreover, there is ascending triangle with RSI above 60. Seems bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a build up near lower channel. However, the build up is not too strong. Shorting opportunity might come if the channel is broken downwards.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout with high volume. However, I am not too convinced if this is a true breakout or a false breakout due to wick which indicates selling pressure coming in. Need to wait for confirmation on next candle being closed above high of the current candle.

kalyanganguly

Note: This is for educational purpose only. Divislab is in a clear downtrend in hourly chart. Short can be done post breakout of the channel. As there seems to be a build up near a lower end of the channel, I am currently bearish. However, will wait for channel breakout in case of taking any position.

kalyanganguly

Note: This is for educational purpose only. Bullish hammer formed on 20 EMA. 20 EMA above 50 EMA indicates medium term bullish trend. RSI above 50 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. Usually whenever there is a breakout (bullish/ bearish), the rally is strong. Reason being, a build up near support shows no more buying pressure coming in. In IGL, breakout is done with strong volume. Expecting further downfall.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout with high volume. Expecting a bullish rally to follow post pullback/ consolidation.