kaushal980950

kaushal980950

Manorama on a daily timeframe is trading in a downward channel and facing resistance at the upper level. The upward movement will only come if it gives the breakout of resistance.

kaushal980950

Apart from BPCL, IOC is also given a multiyear breakout and has taken support at the same level and formed a kind of hammer candlestick pattern in the weekly timeframe.

kaushal980950

After giving a multiyear breakout from the 551 price level, BPCL again comes close to this price and had also taken support at it.

kaushal980950 Updated 

After the IPO IREDA performed very well and after giving the breakout at 120 level now it had taken support at the same level and also given the breakout form its narrow consolidation or buildup range. Stop loss below 121 since it can come back to 40 RSI (which is my assumption)

kaushal980950

Engineers India in a weekly timeframe chart is taking trendline support as well as fib support on the 0.61 level. Apart from this, it had formed a hammer candlestick pattern in these support areas which further adds the confirmation of the support and trend change.

kaushal980950

Angel One had given a good rally after its IPO and after reaching a certain level, profit booking can be seen in it but if you look at it in a weekly timeframe and draw Fibonacci then you can see that it is taking support at 0.61 and also form a hammer candlestick pattern.

kaushal980950

There are many things you can see on the chart. First thing first, at present double-bottom chart pattern is forming on the daily timeframe. Apart from the double-bottom pattern, there is a bullish RSI divergence on the chart and that zone is now acting as a support which earlier was a resistance.

kaushal980950

Jindal steel and power reached a high in July 2010 and till now it has not come close to it but now it seems that it can give a breakout in the coming time. As soon as it gives the breakout, a long trade can be initiated

kaushal980950

Reliance is making a cup pattern in the daily timeframe but has not given the breakout. you can add in the watchlist for the future purposes.

kaushal980950

As you can clearly see on the chart, IRFC has been consolidating for the past 5 days and today it had finally given the breakout from all its resistance levels and today is also the last trading day of July month. If you look at the volume then you will find that when it moves up, it moves with a strong and big candle but when it comes down then there is less...

kaushal980950

As you can see from the chart the share price has consolidated over the past 2 to 3 months and today it has finally given the breakout. Not only on the daily timeframe, it had also given the breakout on the weekly timeframe as well.

kaushal980950

Presently it is trading in a tight range close to the triangle pattern, as you can see on the daily time frame chart. As soon as, the price breaks from the buildup range and the triangle pattern, one can go long in Indiabulls real estate.

kaushal980950

In the weekly timeframe, Mcdowell is forming a box/bullish rectangle pattern (Breakout happens upside). Since the breakout happened last week. So, one can go long in it considering the bullish rectangle pattern.

kaushal980950

Daily breakout with high volume. It was the previous support and after downward breakout it acts as a resistance and now it had given the breakout.

kaushal980950

Tested the resistance three times and finally given the breakout with high volume and no upper shadow. If, you look further back then you will realise that earlier it was acting as a support and now acting as resistance but it will now act as a support. So, if you got any chances to buy at support then buy for swing trading purpose.

kaushal980950

Reliance is forming a rectangle pattern and is close to its supply area. Above breakout can move the stock further into the new territory but if it fails then it can retrace for a bit. On the other hand, RSI shows that it had gained momentum for the upward movement.

kaushal980950

On the weekly timeframe, Gail is forming a rectangle pattern. If it breaks upward then it will be bullish rectangle or bullish continuation pattern. So, we can expect an upward move of at least 140 - 150 price level and on the daily timeframe, a small rectangle pattern can be seen between price points of 108 - 112.

kaushal980950 Updated 

SUN Tv has taken resistance from its old Supply zone of 470 levels and is ready to take a retracement and fall to around 445 or 450. If you closely observe the chart, then you will find that there is trendline support as well. It is a kind of retracement before it starts its upward journey.