DJIA trading in downward channel. Will it break or not today??
Seems nifty is forming Inverse head & shoulder pattern in 15 minute time frame. Can expect 16400-450 level soon. Pattern invalid below 16060. Keep on radar for break out.
Head & Shoulder pattern can be seen in 15 minutes time frame. Can expect more fall till 15900-950 to complete pattern target.
Tata Steel is trading in downward channel. Seems an earlier RSI divergence has been resolved. Wait for weekly close before taking any fresh position of either side.
HDFC Bank is trading in downward channel since last one month. Keep on radar for channel breakout.
Seems Nifty is not far away from short term bottom. Positive divergence in hourly time frame indicating a bounce till 16200. Lets see will it work.
Redington is looking good for buy. Consolidating near all time high. Keep on radar. Weekly close above 172-173 can push for new ATH
Antony waste is looking good for long. However volumes are not impressive. Keep on radar.
Seems jayant agro is getting ready for IH&S breakout. keep on radar. Volumes are also good.
High Energy batteries is looking good for long. Stock is illiquid, accordingly take the position. Company is planning for stock split in ensuing meeting.
Kamdhenu Ltd is consolidating near its life time high since last 7-8 months. Seems accumulation is going on and stock is getting ready for new highs. Keep on radar.
Box Breakout today. Looking good for more upside. Seems stock is ready for upside after 1-2 years of consolidation.
Hariyana ship is looking good for long if sustain above 110 for 1-2 days. Trendline can be considered as point for stop loss.
MSP Steel & Power Ltd is looking good for turnaround story as fundamentals are improving. Volumes are also increasing since past 4-5 months. Operating cash flow are improving. Promoter pledge is 100%. Keep on radar for BO above trendline. Allocation must be as per risk appetite. Investment horizon must be for 1-2 years as we are looking monthly chart. Can give...
Bombay Dyeing is looking interesting for mid to long term period. Golder crossover can also be seen on weekly time frame. Keep on radar
India VIX is forming divergence in 15minutes time frame. Looking for upside movement in coming days for short duration. Keep on radar. Nifty 50 is also forming positive divergence in 15 minutes time frame.
Sunflag iron is looking interesting for medium to long term. Consolidating near All time high level. Seems good fundamentals & sectorial tailwind can break the ATH level very soon. Keep on radar for good upside.
India VIX is declining with RSI divergence. Looking for some volatility in coming days for short duration. Keep on radar