kalyanganguly

kalyanganguly

Note: This is for educational purpose only. There is a bullish range breakout for Ujjivan with high buying volume. However, as RSI is at 70, there migh t be a consolidation before next up move.

kalyanganguly

Note: This is for educational purpose only. BPCL is seeing rise in buying volume.RSI above 50. Moreover, ascending triangle indicates bulls are taking control.

kalyanganguly

Note: This is for educational purpose only. Seems price has broken down the ascending triangle with huge spike in selling volume.

kalyanganguly

Note: This is for educational purpose only. Unless there is a movement beyond this channel, there seems to be a movement within this channel.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish wedge pattern breakout with spike in volume. RSI above 60 is additional point to support this breakout.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout in Mindtree with rise in buying volume. RSI above 60 which indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. Seems like formation of Inverse Head & Shoulder pattern. RSI above 60 and high buying volume indicates a bullish breakout.

kalyanganguly

Note: This is for educational purpose only. Expecting a bullish breakout above the horizontal line. RSI above 60 indicates a bullish momentum. Moreover, there is a surge in buying volume.

kalyanganguly

Note: This is for educational purpose only. There seems to be a wedge pattern breakout with formation of bullish engulfing candlestick pattern. Moreover, there is a spike in volume and RSI is above 50 which indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a build up near resistance in Indusind Bank with ascending triangle formation. RSI is above 50 and there is a spike in buying volume.

kalyanganguly

Note: This is for educational purpose only. There seems to be a formation of Inverse Head & Shoulder pattern in Bank of Baroda with rise in buying volume. Moreover, RSI is above 60 indicating strong bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a disagreement between the price and RSI (momentum). I am expecting some correction in price in M&M.

kalyanganguly

Note: This is for educational purpose only. The price of VEDL is moving in a channel but there is a bearish cloud cover formation in VEDL which indicates there is a bearish sentiment. Expecting price to touch the lower part of the channel. Based on the price action when price reaches at the lower part of the channel, further trend can be determined.

kalyanganguly

Note: This is for educational purpose only. Not a perfect one but seems like a formation of INHS (Inverse Head & Shoulder) chart patter. RSI is above 50 which indicates bullish momentum. There is an increase in buying volume in last 3 sessions.

kalyanganguly

Note: This is for educational purpose only. ITC looks bearish with double top formation. RSI below 50 indicates bearish momentum. Below 175, there will be further downside.

kalyanganguly

Note: This is for educational purpose only. There seems to be a build up near resistance of Ashok Leyland. There is an increase in buying volume and RSI is above 60 which indicates strong bullish momentum. In these cases, once the price breaks resistance, a bullish rally can be expected.

kalyanganguly

Note: This is for educational purpose only. Nifty seems to be going in an uptrend. Once it crosses 10300, next stop would be at 10600. There would be a bit consolidation before reaching 10600.

kalyanganguly

Note: This is for educational purpose only There is a bullish engulfing at 61.8% retracement of Fibonacci series. Usually 61.8% retracement acts as a good level from where price usually bounces back based on price action which here is bullish engulfing.