pradipandsuvra

pradipandsuvra

Ready to break out for NSE:IIFLWAM Reasons: 1. 6 months long Cup and Handle formation 2. High volume with a very big green candle to clear out the consolidation. 3. Ascending triangle pattern. 1:1.2 RR.

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NSE:TATACOMM completed the rounding bottom over last 5 months. Yesterday there was a breakout. Today, with the market, it's re-testing the neckline around 1245. Per the price-prediction over next month, it seems there will be some consolidation throughout next week and there can be a breakout towards 1342 / 1438. SL to be : 1175.

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Redington: 1. There is a fundamental news that Apple decides to pursue the iPhone manufacturing out of India, I think this news came in morning. 2. After that the prices tried to get a clear breakout, but it just closes at the level of 61.8% Fib at 152.75 (the big wick). 3. The current closing is a fews days of consolidation, breaks above 150 level decisively....

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A classical Cup=and-Handle pattern is just completed. Volume is not that great, but moderately OK. The current level where it is closed is near a good resistance level. Trend is clearly up. If if breaks about the high of 164, boom. SL : 156. (Target: Honestly I am not getting .. going back to the chart not helping me). Just keep an watch on this .. if it goes...

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I am trying to using LuxAlgo's awesome time-series predictive fittings into the Nifty daily chart. The last one month's (19th July to 19th Aug - mentioned as orange in the photo) has the most similarity between 20th Dec'21 to 20th Jan'22 (green in the photo) :) My construction is: training window (grey in the photo) is last 10 months and prediction window is...

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I am seeing an interesting possibility in NSE:AMBUJACEM . The price-action has the following characteristics: It's creating an ascending triangle pattern over weeks - bullish A very long rounding-bottom/saucer pattern formation is completed. It's near to the price breakout. Volumes, Cumulative Open interest long buildups all are fine. No issue:...

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Pidilite: Runaway Bullish formation before 10th Aug Results Bullish breakout from a long term rounding bottom formation with very high positive volume. Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon. A 6months old resistance line is decisively broken this time, after testing thrice. Most likely the Q1...

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Reasons for being bullish on Jyothi Lab: Rounding bottom breakout. The bottom is created over last one year. The same level is tested this time thrice, since last one year. So long term resistance level breakout. Friday's candle is a clear Bullish Tweezer Top (Thursday & Friday candles lows are same, polarity opposite). Friday's candle totally engulfs...

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In Intraday chart, actually Gold Spot is testing 200 period SMA. As it's a descending candle, price-action says it may fall down to the below resistance levels marked here (upto 1716). But we need to keep it in mind, in case USD weakens overnight due to Fed, then Gold will rally past these all levels and can potentially test again the 1730-32 level.

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As per our price-action study of the NSE:NIFTY in Daily chart yesterday (26th July), we though Nifty can potentially retrace back upto the channel's middle band. And today's Low is exactly the middle channel. And the candle is sort of Marubozo candle. So naturally there are two possibilities: 1. The price can trace down upto the lower band of the channel. 2....

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The channel shows in the photo is being honored by NIFTY so far. So if the upper channel is broken above (>16700), it will test the Friday's high (16750). If it retraces below 5 EMA (~16570-75) today's low and 5 EMA, then it will come down upto 16400 (the middle of the channel + near 10 EMA. It's all depends on Global clue. A Gapup will test 16750 for sure. A...

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W pattern breakout with high volume. Low of the day does not break the 5 EMA.

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Just plotting the DJ:DJI , VANTAGE:FTSE100 and CBOE:EFS vis-a-vis our NSE:NIFTY . Since 5th of July, we are a clear outperformer compared to the other foreign markets. However, keep in mind, Month-Till-Date in July FII are net seller yet (last week they are +ve in Cash, but overall still negative in July so far).

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A cup and handle pattern is about to form. However the alligator's lip-teeth-jaw are coming closer and coming flattish slowly. That's a concern. Also there is no upsurge of the volume. If it breakout the neckline of 5450, it may go up. On the other hand, a breakdown below 5200 can pull it down further.

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Inox is sort of a mixed signal. It has created a W pattern. However a clear breakout will confirm only after the ~560 level neckline break. In Friday's session there is a shooting star after an uptrend. Volume is also not very good. So it may go down if it sustains below the Thursday's low. At the same time, the trend Alligator is showing pretty solid buy signal.

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A clean breakout with high volume is seen in this stock. The Breakout is above a good among of range bound consolidation. Two consequitive days it makes big upmove piercing the long time neck line. Williams Alligator is also moving upwards.

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Mm Forgings Limited 1. A clear neckline breakout from multiple rounding bottoms, a cup-and-handle pattern 2. Very High volume 3. Trend is up Fundamentals: 1. PE Ratio is half of the industry PE 2. PB Ratio is just 4 - cheap

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Today's price-action makes a (almost) Bullish Engulfing Patten in NSE:NIFTY1! The next level of Resistance based in previous price-action (based on RSI) is shown.