kalyanganguly

kalyanganguly

Note: This is for educational purpose only. Post a range bound movement, there seems to be a bullish breakout with high volume. Moreover, RSI is at 70 which is on overbought zone. Hence, expecting some sideways movement post next upmove.

kalyanganguly

Note: This is for educational purpose only. 21 EMA has acted as a dynamic support in the past. There seems to be a pullback to 21 EMA and formation of hammer. Moreover, there is increase in volume. RSI is at 58 which is nearing bullish zone.

kalyanganguly

Note: This is for educational purpose only. HDFC Bank is nearing 52 week high with surge in volumes. If the price move above the 52 week high, there will be a new high.

kalyanganguly

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

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish engulfing on the resistance turned support. Moreover, the bullish engulfing has come post first pullback. RSI is 52 which is still in neutral zone. Buy above the high of current candle on closing basis.

kalyanganguly

Note: This is for educational purpose only. As per the price action, there seems to be a dynamic support at 21 EMA. Post pullback, there seems to be a bullish hammer formation at 21 EMA. Expecting price to bounce back.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish hammer at first pullback post breakout.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish hammer at resistance turned support. Buy above the high of the hammer.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bounce back from support on 1 hour - 4 hour timeframe with increase in volume.

kalyanganguly

Note: This is for educational purpose only. There seems to be a W - double bottom pattern formation in play. Moreover, there seems to be a bullish hammer formation at long term support. If the W top is broken with high volume, there will be more upside.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish engulfing at support post steep fall. Support seems to be since June so assuming this as strong support. Entry Price: 9 SL: 7 Target 13 Caution: Please do not trade in F&O as the lot size is 70000. There could be huge losses in F&O.

kalyanganguly

Note: This is for educational purpose only. 21 EMA seems to act as dynamic support. Moreover, 21 EMA is above 55 EMA which indicates short term bullish momentum. RSI at 58 is nearing bullish momentum. There seems to be a inverted bullish hammer at dynamic support.

kalyanganguly

Note: This is for educational purpose only. There seems to be a ascending triangle bullish breakout with high volume. Previous support has turned resistance. Moreover, RSI above 65 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish engulfing pattern on support with good volume. RSI is 51 which is still in neutral zone.

kalyanganguly

Note: This is for educational purpose only. There seems to be a bullish engulfing on 21 EMA. 21 EMA has been acting as a dynamic support in the past. Moreover, 21 EMA is above 55 EMA which acts as a short term uptrend. RSI above 65 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. There seems to be an ascending triangle bullish breakout with ultra high volume. Moreover, RSI above 65 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. DO NOT trade in F&O based on this analysis. There seems to be a bullish breakout with high volume in ascending triangle. RSI above 65 indicates bullish momentum.

kalyanganguly

Note: This is for educational purpose only. Price action indicates that 21 EMA is a dynamic support. Moreover, 21 EMA above 55 EMA indicates short term uptrend. RSI is 58 which is nearing bullish trend.