kalyanganguly

kalyanganguly

Note: This is for educational purpose only. M&M might give a bullish breakout from the channel due to high volume pouring in. However, unless the channel is broken, we cannot say for sure if the breakout has happened. I waiting to see some consolidation near the resistance.

kalyanganguly

Note: This is for educational purpose only. There seems to be a strong resistance at 10600 for Nifty. If this is broken convincingly, there would be further up-move. There is a possibility of sideways movement too for sometime. My overall sentiment is bullish but not expecting any sudden up move.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout and price might test the upper channel. Moreover, there is a high buying volume spike. RSI above 60 confirms bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a W pattern breakout in BEL with high buying volume. RSI in daily chart is above 80 so there would be some consolidation before further upmove.

kalyanganguly

Note: This is for educational purpose only. There is no confirmation yet but seems there might be a channel breakout (bearish) as there is huge selling volume. However, confirmation is needed as the channel has not broken downwards.

kalyanganguly

Note: This is for educational purpose only. IOC seems to have made an Inverse Head & Shoulder pattern.

kalyanganguly

Note: This is for educational support only. Bullish flag pattern breakout with high volume. RSI above 58 confirms bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a wedge pattern breakout in Siemens with high buying volume. RSI above 60 which is a confirmation of bullish momentum.

kalyanganguly

Note: This is for educational purpose only. Channel broken with high selling volume. This is a confirmation for downtrend. There might be some consolidation before further downfall.

kalyanganguly

Note: This is for educational purpose only. There is a strong build up/ accumulation near resistance. In case of bullish breakout, price will rally upwards. RSI 57 which too indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. After wedge pattern breakout in nifty, seems pullback is done. Hammer candle stick pattern on resistance turned support formed. If price closes above high of the hammer, there might be a confirmation of uptrend.

kalyanganguly

Note: This is for educational purpose only. Nifty seems to be in a range bound pattern. There seems to be formation of wedge pattern in 1 hour chart.

kalyanganguly

Note: This is for educational purpose only. There is a bearish breakout from channel after formation of double top. RSI below 50 supports the bearish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a formation of wedge pattern in USDINR forex pair. RSI below 50 shows loss in momentum. Need to wait unless the channel is broken.

kalyanganguly

Note: This is for educational purpose only. Nifty seems to be within a range.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout with spike in buying volume. The breakout is reflected on RSI as well.

kalyanganguly

Note: This is for educational purpose only. RSI above 60 with increase in buying volume indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. Long bullish candle with high volume indicates probability of breakout. Let's see if price moves further up. RSI above indicates bullish momentum as well.