prakashgp

prakashgp Updated 

VOLTAS bonunced very sharply after retesting breakout range Weekly price action also looks very solid. Right now Risk to reward ratio is not that good so We can look for long on dips next week based on overall market conditions.

prakashgp Updated 

It had broken descending triangle recently and now closed above the resistance of same pattern. Also it had broken down uptrend trend line support which is now invalid due to strong close above it. This means this stock will continue its up trend with more power. One can wait till end of this month (1 more week) for more confirmation. I would buy it on retest...

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A clean example of trading double bottom pattern. Just retested the pattern and going up after breaking out of pattern. Risk to reward is shown in chart. Try to enter as low as possible

prakashgp Updated 

This trade requires some time to watch for proper entry. Only enter once retest is done and new higher low is formed. Max SL and min target are shown in chart as trade setup

prakashgp Updated 

On bigger picture nifty is getting rejected at upper resistance trendline of a big multi month rising wedge. It is also in another channel on smaller time frame. Nifty might take support from small channel then if nifty should continue bull trend or uptrend, then it should close above both upper trendlines and possibly a successful retest A breakdown below...

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prakashgp

Britannia pumped hard on coportate tax cut news and also got rejected hard from HTF resistance. Now facing montly resistances. Even though it has a good buy setup on daily/weekly timeframe, one should be cautious before going long It may need to revist lower HTF support levels before starting up trend.

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Technically it looks like Copper is getting ready for long term upside by forming strong consolidations at monthly support. Looks like left shoulder and head is already formed where head is formed by a double bottom pattern which is also bullish. Once pattern completes and price breaks above the pattern we can see a very strong and clean up trend.

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BATAINDIA rallied sharply from a point and 1) formed weak consolidation pattern 2) With RSI divergence 3) And also broke a small falling wedge breakout. 4) Weekly and daily candles are showing strong selloff There is a possibility that it will revist the level where it witnessed sharp buying (because of corporate tax cut announcement) to gain strength again.

prakashgp

At monthly and weekly resistance this stock has been making consecutive lower highs and finally broke down horizontal support Now looking to short on rise. Do your research and plan the trade

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NIfty has formed a doji on weekly chart indicating market has came to a pause HEROMOTOCO have been weak all the time NIFTY was going up which shows this stock had heavy selling pressure Recently it have been making a lower highs and also almost broke the trendline support. Now that there is good chance if NIFTY starts correcting this stock will fall quickly....

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PIDILITEIND have been under the blanket while whole market was on strong uptrend. Now that markets have come to a short term pause, but this stock still looks more weak Setup mentioned in chart Keep on watchlist and trade based on opportunity and market conditions

prakashgp

Strongly rejected from upside and looks very weak. Trade setup with target and stoploss mentioned in chart.

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It has broke upper trendline and target of previous high time frame tight range breakout is still active and we are in halfway. Setup mentioned in chart

prakashgp Updated 

I would buy it on close above 297 on 15min chart. with stop loss few units below or below recent swing low

prakashgp Updated 

NIFTY is currently in a bear flag after start of down trend. Which in most case results in continuation of downtrend. You can either look for a short opportunities starting from 1) blue line, 2) mid line of channel and finally 3) the upper boundary of the channel Or once price breaks down from the bear flag and retests the pattern (bear trend confirmed). If it...

prakashgp Updated 

Historically BATAINDIA got rejected nicely from 2.618 Fib extension as indicated in chart. It formed Double top pattern before starting correction Will it work this time too ? Lets wait and watch for price action.

prakashgp Updated 

YESBANK is currently at upper trendline resistance of bear pennant. bear pennant after a sharp downtrend usually results in continuation of the downtrend Also a NR7 + Inside Bar candle formed on daily chart which on breakout on either side give sharp moves on that side most of the times. (Also beware that sometimes it can trap you) In hourly chart the price has...

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+ Dabur is forming a bull pennant pattern. + Last week's candle is a bullish hammer Risk takers can buy on dip to increase RR Safe players can enter on break of pattern Target, Stop Loss, Profit %, RR specified on chart