karanwealthape

karanwealthape

Hi Traders, SBIN Weekly chart show strength & Breakout from imp Resistance (see chart) & Indicator also showing strength as well. Bullish view due to below point: 1) SBIN Breakout from weekly resistance. 2) SBIN have make big green candle with good volume. What Indicator are saying: 1) RSI show earlier Break out mean more strength. Bull will more control...

karanwealthape

Hi Traders, TCS form Bearish Engulfing pattern at imp Resistance Level (see chart) & Indicator also turn negative as well. Bearish view due to below point: 1) TCS faced Resistance at Higher level 2260-2290. Got 4 times reverse from there. 2) TCS will major support at 2030 -2050 price range for good risk reward trade. 3) Big Bearish Engulfing candle form at...

karanwealthape

Hi Traders, HDFC Bank Forming Bullish W or Double Bottom Pattern can go Long on every dip. Bullish View on stock due to below point: 1) Stock forming Bullish W Pattern . 2) Stock was taken support at 2150-2160 zone & bounce with Good volume [ Avg volume greater than 20 day ]. 3) Bounce happen from support was Big Green Candle 4) Stock Moved above 200 sma...

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Hi Traders, Britannia forming Morning star Pattern at major support with good Volume. Bullish View on stock due to below point: 1) Britannia has taken support at major support (22250-2400) ,which was major consolidation / support zone in Jan -Feb 2018 times. See chart for more detail. 2) It has form reversal pattern of morning star candlestick pattern with...

karanwealthape Updated 

Hi Traders, ICICI Bank find strong support at 200 sma & nice Bounce with good Volume. Bullish on stock due to below point: 1) Good Bounce from 200 sma with more volume greater than last 20 day average Volume. 2) Big Bullish candle at form at confluence of support zone 375-385 & 200 sma placed at 386. 3) Good risk reward ratio trader to enter. Target to...

karanwealthape

Hi Trader, Dmart form Bearish RSI Divergences on Daily Chart. Bearish View on stock till 200 sma : 1) D'Mart has faced resistance at zone of 1510 -1530 & downtrend started 2) Dmart form Bearish RSI Divergences on Daily Chart - RSI making low high & price making higher high.. See the chart for visual details 3) RSI taken support at 50 level many times , if rsi...

karanwealthape

Hi Trader, TCS faced Resistance at Higher level (see chart) & Indicator also turn negative as well. Bearish view due to below point: 1) TCS faced Resistance at Higher level 2260-2290. Got 3 times reverse from there. 2) TCS will major support at 2030 -2050 price range for good risk reward trade. 3) Big Bearish Engulfing candle form at daily chart . 4) Bearish...

karanwealthape

Hi Traders, NSE IT Sector Looking Bearish with Descending Triangle as per chart. Bearish View due to below point : 1) NSE IT Index forming Lower High & Lower Low. 2) NSE IT Index form Descending Triangle pattern on chart. 3) Heavy Weight stock of IT index like TC , Infy looking weak on chart. 4) TCS Faced resistance at higher level & got reversal to...

karanwealthape Updated 

Hi Swing/Long Traders, Reliance form Head & Shoulder pattern on daily chart Coming close to near important support zone from here it has reversed 2 to 3 times . Buying can be done in support zone with strict stop loss of Rs 1012 & for target Rs 1295 mentioned in chart. Risk to Reward for this trade is 1:2.5

karanwealthape Updated 

Hi Swing /Long Trader, BajFinance looking good for Long above breakout from Down trend channel for Target of Rs 3745. BajFinance Preparing to Move outside Down Trend channel . RSI & MACD indicate Bullish momentum as per chart. Stock is consolidating near 200 SMA for past few days. At Rs 2885 Stock is at important support of combination of 200...

karanwealthape

Hi Swing/Long Trader, Dabur Good Candidate for Swing/Long Trade with strong Point or observation in chart as follows Flag Pattern Formation. Consolidation for 2 week above 200 DMA . 200 DMA act as strong support. RSI bounce back from 60 Level mean Bullish momentum to continue. CCI Indicator moved above zero mark & making higher high mean Bullish...