


pchere
PlusNASDAQ long term 2 year Trendline is breaking down and this week price is closing below 50EMA as well. Waiting to see if it will bounce back.
BHARAT 22 ETF breakout might happen soon from a rounding top pattern. Took support and bounced from previous long term lows 1 year back. Can it get a breakout and head towards the previous high is to be seen.
CPSE ETF breakout is happening from a rounding top pattern. Took support from previous long term lows 1 year back. Can it sustain the breakout and head towards the previous high is to be seen.
CPSE ETF breakout is happening from a long descending channel. Took support from previous long term lows 1 year back. Can it sustain the breakout and head towards the previous high is too be seen. It will be a long flag break out if it does.
BAJFINANCE is giving a 2 year breakout and reaching a ATH level. But while it crossed the resistance, the volumes are not high. Wait to see if the breakout sustains. RSI crossed 70.
SUZLON again took support this week over the rising trendline which it has been respecting from over 7 months since it began its wonderful breakout. The descending resistance line was also broken out today. Pennant formation. The swing breakout also sent price above 10 and 20 EMA and a crossover was avoided. RSI again crossed over 60 and yesterday was 5% upper...
DRONACHARYA (DRONEACHARYA AERIAL INNOVATION) has completed an Inverse Head and Shoulder pattern. Listed on BSE. No major volume change. RSI >60. Trades in lots of 1000. High Risk. Waiting for breakout.
TVSSCS is swinging back after a quick rise and fall of 20%. It has taken support at the last opening point of the first listing day. Volumes rising for last 3 days. Doji a day before. RSI bounce back at 50.
MAHINDRA & MAHINDRA or M&M is breaking out of a 2month cup and handle pattern and sustaining for 2 days above the breakout. It is important it sustains the breakout to move higher. Recent volume and RSI high.
YESBANK is stuck in a ascending triangle pattern. We have also presented related ideas of a rising channel and inverted head and shoulder pattern developing. A powerful breakout above 18.6 will break these 3 patterns.
TVS Supply Chain Solutions (TVSSCS) is the new listed IPO and few days ago broke out of its listing day resistance with great volumes and rose 28% in 3 days! Then it fell by 15% in next 4 days. Now it is taking support at 10EMA. Lets see if it will now rise again with momentum.
NIFTY had a failed breakout after crossing 20000 and dropped back today to the critical ascending triangle support line. A break below this could signify weakness and bounce above support could lead to upmove. Next few days important.
UJJIVAN SMALL FINANCE BANK (UJJIVANSFB) is breaking out of a 2 month parallel channel with good volumes. Huge volumes and RSI uptick.
HUDCO has completed the massive 5 year long cup is now trying to breakout of it. Volumes and RSI are high.
DIXON is showing a 1 year inverted head and shoulder breakout. It retested level and and is going back up and will face resistance at previous all time highs now. Good volumes and RSI.
APARINDS is readying for a huge flag breakout from horizontal channel. Bollinger Band Squeeze is primed for a explosive breakout.
TRITURBINE is showing fresh breakout of a 4 month horizontal channel. There is good volume spike today and RSI is also high.
JSWENERGY has broken the 2 year resistance this week but has formed a weekly doji. It would be of interest to watch if it will continue its upward journey. RSI high volume high.