CHART -> BOMBAY DYEING &MFG WEEKLY SETUP Looks like BOMBAY DYEING &MFG is trading under a flag and pole pattern in the weekly time frame. Any weekly close, either break out above or break down below, of the flag's trendlines should guide further path of the stock. Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI...
CHART -> VTL DAILY SETUP As seen per charts, a beautiful symmetrical triangle under formation on daily chart of Vardhman Textile. Once it closes above the upper trendline on daily basis, we should see a 300 Rs gain from the symmetrical triangle trendline broke out point. Today's volume seems decent, MACD in daily time frame just about to have a bullish...
CHART -> KRBL WEEKLY SETUP As seen in the chart, KRBL is taking support through a trendline in the latest correction. This trendline also acted as support in April 2021, and we saw a good rally afterwards. In addition to that, a bullish engulfing pattern has also been formed and due to that we may see some strength coming back in KRBL. Disclaimer: This is for...
Nitin Casting is now trading above Descending Triangle trendline in weekly time frame, and also gave weekly close above last 1.5 Month's resistance of 92. 85 Rs is still a concrete support. With MACD and RSI also improving strengths, will be an interesting road further for this chart. Disclaimer: This is for educational purpose only. This is not any...
As seen through charts, RPP Infra weekly chart is trading in bullish channel. One can take long term decisions by looking at this channel. Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
As seen through chart, Max Healthcare is wonderfully respecting the bullish trendline and there is no need to worry until we get weekly close below this bullish trendline. There is also forming a bullish saucer pattern at the top of chart. Weekly close above 384 is a breakout of bullish saucer pattern and once 403 is crossed on closing basis, we can see 450...
As seen in the chart, Nitin Casting is trading under a Descending Triangle in the daily time frame. Any of the two -> break out above the upper trendline or break down below the lower trend line should be considered for further direction of the price. Do Note: Break out or Break down will be considered as close price of a daily candle. Disclaimer: This is for...
As seen in the chart, RIIL is trading under a Symmetrical Triangle in the weekly time frame. Any of the two -> break out above the upper trendline or break down below the lower trend line should be considered for further direction of the price. Do Note: Break out or Break down will be considered as close price of a weekly candle. Disclaimer: This is for...