kalyanganguly

kalyanganguly

Note: This is for educational purpose only. There seems to be a build up near resistance which ideally means that bears are unable to push the price down and bulls are taking charge. Moreover, there is a spike in buying volume which enforces this build up. I am expecting a bullish breakout in BAJAJ FINSV.

kalyanganguly

Note: This is for educational purpose only. Coal India seems bullish. Bullish engulfing candlestick pattern formed near support with spike in volume. RSI has crossed 50 which indicates rise in bullish momentum.

kalyanganguly

NOTE: This is for educational purpose only. My previous view of CholaFin was wrong . Fresh view is a proper bullish breakout with hike in buying volume. When there is a breakout with high volume, usually it is not a false breakout. This seems to break 185 levels as well.

kalyanganguly

Note: This is for educational purpose only. There is a bullish breakout in Manappuram with strong rise in buying in volume. RSI above 60 which shows strong price momentum. Seems like formation of inverted hammer as well (not an accurate one though).

kalyanganguly

Note: This is for educational purpose only. Price has broken down from the channel with high selling volume. RSI has lost momentum as RSI value is below 50. This is good shorting candidate.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bearish RSI divergence where price makes higher highs but RSI is contradicting. Moreover, there is a shooting star on hourly chart.

kalyanganguly

Note: This is for educational purpose only. There seems to be a Bullish RSI Divergence in Jindal Steel which basically indicates that the momentum is rising whereas the price is making lower lows in that particular period. This means there is a bullish trend to follow. Moreover, Support turned resistance is broken now and has turned to support.

kalyanganguly

Note: This is for educational purpose only. Axis bank seems to be losing momentum. RSI went below 50. Formation of somewhat a double top in play. Spike in selling volume too. Short only if price breaks the support line.

kalyanganguly

Note: This is for educational purpose only. Tatamotors might break the ascending triangle. RSI seems to have lost momentum as RSI is below 50. Moreover, there is a huge spike in selling volume.

kalyanganguly

Note: This is for educational purpose only. Nifty seems to be moving in range. Confirmation of trend only if channel is broken.

kalyanganguly

Note: This is for educational purpose only. Bearish cloud cover formed near resistance. Break below support will lead to further downtrend. RSI indicates loss in momentum too as RSI below 50.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bearish RSI divergence on CIPLA which mean the higher high formation is not supported by the RSI indicator.

kalyanganguly

Note: This is for educational purpose only. BHEL price might to go down based on RSI trend line lower breakout. Moreover, there seems to be an inverse hammer at resistance.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish breakout. 50 EMA which was working as a resistance has been breached with increase in buying volume. Moreover, RSI indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There is a long breakout done in M&M with high volume which shows the strength of the bullish breakout. Expecting a bullish candle completely (open & close) above the resistance will confirm the breakout.

kalyanganguly

Note: This is for educational purpose only. Candlestick pattern of Bullish Engulfing formed at 61.8% Fibonacci Retracement with RSI in bullish zone.

kalyanganguly

Note: This is for educational purpose only. Bharti Infratel: There is an ascending triangle formed on daily chart of Infratel. There is a bullish piercing candlestick pattern formed at ascending triangle support. Above resistance fresh breakout to follow.

kalyanganguly

Note: This is for educational purpose only. NTPC has formed an ascending triangle on daily chart. Breakout above 101 should give a fresh move upwards. RSI and MFI above 50 shows price momentum and volume is in bullish zone.