As of 21st May 2021
Current Trend: Upward
Start of Upward trend: 31/3/21
RSI: Around 72
MACD Crossover: Shortline over Longline (Blue over red)
MAE: Stock trading above 26 Day moving average
Current Resistance level: 1861-1863
Bollinger Band: Currently trading near (1.618) level of BB, which also serves as a current resistance level.
The price has broken the...
As of 20/5/21
Current Trend: Sideways
Resistance levels: Around 566 price levels (Broken today with volume)
Patterns formed: Flag pattern
Single candlestick pattern: Bullish marubozu
MACD: Short line over Long line
Analysis: Flag pattern's upper resistance level, as well as horizontal resistance level, is broken on 20/5/21 with very high volume and a...
Ambuja Cements as on 19/5/21
Overall Trend: Upward
Currently trading in an upward channel range.
Current situation: Behaving like in sideways trend
MACD: Not indicating clear signal
Current Horizontal Resistance level: Around 318 price levels
Note: According to a single candlestick pattern, A hanging man is formed in an upward trend with a high volume...
As of 18/5/2021
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.
NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.
RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways
Berger paints as on 17/5/21
1. Current Trend: Sideways
2. Trading near its resistance level.
3. Tested resistance level many times.
4. Resistance level: Around 770
5. support level: Around 700
6. RSI > 60
7. MACD: Fast length above the small length
8. Volume: Higher volumes past two days
Thought process: If the price in near future breaks resistance...
Trend: End of Short downward trend
We have seen a descending triangle pattern in PNB Housing which has formed between 15th Feb 21 - 10th May 21. On 11th May, it broke the resistance level forming a green candle and with good volume. The green candle formed on the 12th of May confirms the positive breakout.
Buy price: 382-385
Initial Stoploss: Aroung 360