marketmoneymohmaya

marketmoneymohmaya

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...

marketmoneymohmaya

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...

marketmoneymohmaya

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...

marketmoneymohmaya

After forming a probable volume contraction and 2 bases formed over 4 years the stocks now showing a tennis ball pattern forming HH-HL. It also broke the confluence of 1. The down trendline & 2. The Supply zone (617-662) with good volumes. We waited for a 1st base to form just for confirmation which was 14 Weeks and 17% range. The stock is sailing above all key...

marketmoneymohmaya

The stock after breaking out of the resistance made a new all time high and it did not sustained. Eventually it took support of 200 weekly MA and formed a round base. Volumes went dry and we can see some accumulation done while basing with nice volume spikes during an up week. Finally it consolidated again for 15 weeks above the previous resistance and broke...

marketmoneymohmaya

Media sector have been on a lackluster in this whole rally. I have been observing it since past few weeks, it is setting up well. Network18 from this sector is showing good strength. After closing above the 87 it is now seen sustaining these zone (68-87). Now as the overall sector is showing strength we can keep an eye on this. Current zone which was acting as a...

marketmoneymohmaya

Stock giving good quarterly results on a consistent basis. After breaking out of the ATH levels of 3453 it went into 11 weeks consolidation range of 13% and breaking out of base this week. Stock is up above all its key moving averages. 3453 shall now act as an initial support and 3055-3095 will act as main support and a weekly close below these levels will...

marketmoneymohmaya Updated 

On a monthly timeframe it's a multiyear breakout. On a weekly timeframe from May2023 it was struggling to sustain above the 147.10 levels. This week though it has managed to sustain above and also closed above its crucial resistance of 178. Now 138-162.50 levels (also swing low) shall act as a support for further move upwards. So this should be an ideal...

marketmoneymohmaya Updated 

A stock to keep in your watchlist as the strength is still intact. We have not got t see any consolidation on a weekly timeframe. One week of move and next week pause and later follow-up again. So i am awaiting for a small base formation with volume contraction. Let's see how the price action pane out in next few weeks. Do keep in your watchlist. Trend based...

marketmoneymohmaya Updated 

After forming a base of 15 months and breaking out of it it went into consolidating another 5 weeks in a 16% range showing strength by sustaining above the previous ATH levels and then breaking out this week with super volumes. It is sailing above all its key moving averages. Trend based fib levels 105 - 127 - 155. View stand invalid if price close below...

marketmoneymohmaya Updated 

Firstly the stock have retraced to 50% and broke the down trendline and marks the end of downtrend with either sideways or an uptrend. The new swing high is formed with gap away candle. Now here, 2 possibilities can occur. Either it fills the gap and test previous resistance which shall act as a support this time (484-506). Once the stock test these levels and...

marketmoneymohmaya

This fellow is showing strength. Bigger down trend break and retest done. Smaller down trend break and retest done. Decent Volumes seen in last few weeks. Sustaining above all key moving averages. Now we need to wait and watch it to sustain above the supply zone (51-60). Once it sustain we can go with pilot position and also consider it as the support zone...

marketmoneymohmaya Updated 

Since Nov21 the stock was trading in the range. It broke out with good volumes in the end of June23. It made a huge wick on the upside which shall be concerning but it can be the profit booking. It has retested the breakout levels recently. Last week we saw good buying coming in with volumes. For further confirmation, we should keep a watch on it and wait for a...

marketmoneymohmaya Updated 

After the breakout of the down trend line with volume support it tested the small resistance level (534-557) and closed above it. It's now consolidating in a tight range. A daily close above 598 levels with volume support would confirm the start on and uptrend and can test the upper resistance levels. Disclaimer: This is just an analysis. Trade on your own risk...

marketmoneymohmaya Updated 

A new all time high close. Stock was consolidating for a while now and have gave a strong breakout of that consolidation. It's kind a flag pattern breakout too. All the key MA's are rising too. If we draw a trend based fib extension than ideal levels it can test is 100 (~161.8%) and 114-115(200%) is which we get. An ideal pullback to the breakout levels can be the...

marketmoneymohmaya Updated 

A new ATH and breakout from the resistance/supply zone 416-485 levels with insane volumes. A consolidation of almost 10 months. between the supply & demand zone. Now it shall sustain above these levels. It is trading above all its key moving averages. As per the trend based fib 650 - 780 - 945 are the levels that can be tested if sustained. The previous...

marketmoneymohmaya

Coming out of consolidation of almost 2 years. Volumes went dry during this consolidation. Textile sector on the other hand showing strength. 935-1024 shall now act as good support. If it manages to close and sustain below these zone then our view stands invalid. After breaking the ATH level of 1024 it went into 7 week consolidation and past 3 weeks it has...

marketmoneymohmaya

Now at a crucial zone(45-49). If it manages to close and sustain above these levels then next levels it can test are 78 & 93. After coming out of 38 weeks base and 48% range, I had taken position on 15thJune2023 @ 36 but was stopped out at 17% and further it went down till 30% and 17 week consolidation. Now 36-37 shall act as support any close below this...