A probable classic VCP structure. Successful closure over the resistance/supply zone 49-54 on good volumes. 49-54 shall act as main support zone, but 64 will also act as a minor support from hereon. Weekly close and follow through below it shall invalidate our view. On the upper side, 87 - 103 - 123 - 135 levels can be tested over the long term in future. ...
After consolidating for a year now it has broken the supply zone 284-334 on good volumes. Earlier it tried twice but did not sustained. Went into good base formation thereafter. 280-284 shall now act as good support. Weekly close below this will weaken it again. Over the upside, 442 - 469 - 579 - 898 are the levels that can be tested over the long term. ...
After coming out of the probable low cheat zone 95-103, it went straight to the resistance / supply zone 126-149. It consolidated there in the zone for almost 28 weeks in 27% range and finally showing strength breaking this base and sustaining there for the 2nd week and that too on good volumes. 95-103 will be the support but now 126 shall also act as good...
After breaking out of the supply zone 152-164, it consolidated for 3 weeks and with such urgency it rallied further. After which it formed a base of 11 weeks and 27% range and this week it broke out of that base again on good volumes. 245 would act as good support but 300 shall now act as minor support level. so with that risk we can watch for 444 - 597...
On a monthly timeframe this chart is looking strong. On a weekly timeframe we are early to entry, as ideally our entry triggers if it closes and sustains above the resistance zone 98-120. which is almost 20% up from the current price. But only reason to share this counter early is the confirmations it has given on the shorter timeframe. It has sustained well above...
After breaking out of the resistance 761-816 it rallied and formed a new base of 6 weeks and 17% range. It had came out of the base on good volumes and shall resumes its upward journey. It is well trading above all its key moving averages too. 966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view...
After breaking it out of the resistance/supply zone 91-101, it didn't sustained and started consolidating around the zone. So the previous resistance now acted as a support zone. After consolidating for 21weeks in 22% range it had finally came out with good volumes support. It is well trading above all its key moving averages too. Still we shall consider...
After breaking the resistance / supply zone of 889-929, last September the stock was rally without any base making. And finally it topped and started to form a base from November. After 12week of base formation and a range of 22% it has finally sustained above the 1542 for the 2 weeks now. Volumes were low on retracements and last two week volumes are decent...
Coming out a base and probable VCP. Sustained above the supply/resistance zone for almost 3 weeks now. Quarterly results have been good so far. It is sailing above all the key moving averages too. 366-310 shall now act as a support and if it manages to weekly close below it and a follow up we see thereafter would invalidate our view. 428 - 508 - 609 are the...
Coming out of base of 19Weeks. Classic Cup with Handle pattern formation. Entry: Wait for confirmation on pullback (480-490) with SL of weekly close and follow through right below these zone. Possible levels that can be tested in future are 580 - 605 - 635 (Overhead supply/resistance + 61.8% retracement) Disclaimer: This is just a study and shared here for...
As the weekly chart does not have much history to the left, this time we will go with the daily timeframe. The stock is coming out of 23 Week base with a probable VCP(Volume contraction pattern). Volumes went dry since Aug2023 till Nov2023. Good volumes started building up after that while the volumes on the down days were very low as compared to the up volume...
After breaking out of the supply zone (218-262) it went and formed a 1st base of 9 weeks and 25% range and then going further up and formed another base of 11 weeks and 20% range. Volumes are increasing too showing strength. Now 337-344 shall act as an initial support and though it has not retested the resistance 218-262 which shall now act as main support if...
After the long cup with handle pattern breakout the stock is still rallying and we expect a small base formation of few weeks or a retest of some kind. So would suggest to wait for more confirmations and price action in the near future. Power sector on the overall is hot and strong. 278-298 shall act as an initial support for it but 246-267 would be the main...
After breaking the confluence of the down trend line as well as the resistance levels 95-109 it had formed a base of 17Weeks and 37% range where it retested the resistance which turned into a support. We see a good volumes coming up over the past few weeks showing strength. It is now above all its key moving averages. 135-143 shall now act as an initial support...
After the low cheat trigger (80-85) it gave a weekly gap away move and went for the cheat levels. (120-125) And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone. An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong...
After breaking the previous all time high levels (176-194) it went into another base formation of 15 weeks and 18% range. Volumes are decent. Overall PSU Banking sector is hot and showing strength. Now 210-218 shall act as initial support. Main support will be 176-194 which was previous resistance and now it shall act as a support. Weekly close below these...
After along base of almost two and half years the stock breakout with good volumes. Retested the previous resistance (413-469) which acted as a support. Formed abase of 16 weeks of 25.5% range and it breakout of it too with good volumes. Volumes were dried during the base formation and stock is now above all its key moving averages. Now 530 shall act an...
Stock coming out of long base. It is sustaining and after forming 9Week base of 23% range it is came out. It is cruising above all its key moving averages. 25-26 shall act as a support. if it close below it then our view stands invalid. 36-44 are the immediate levels which can be tested and if it manages to close above it and sustained over these levels then...