premanandh

premanandh

bpcl is in downtrend currently the market price in downtrend which is in confluence with resistance line we can see opportunities to short the stock

premanandh

bpcl currently in a downtrend forming lower lows and lower highs currently the market is in a major down trendline which is confluence with resistance levels we can sell the stock

premanandh

Gail has formed inverted triple top pattern on monthly charts with neckline at around 320 levels and it has been already broken and reached 387 levels and the market is trying to retest the levels and gaining some support gail has been following some excellent trend line which i have marked in green it can go up from current levels at 319 levels and it may reach...

premanandh

TRADING PLAN FOR MONDAY: India bulls housingfinance is in uptrend in monthly, on weekly charts it is trading inside channel and formed hammer at the base of channel the pattern also looks like triple top on daily charts it formed bullish engulfing candle on daily charts rsi on daily charts has been hitting 30 levels and returning back all signs indicating for...

premanandh

sunpharma has been travelling inside channel for long time and has been in downtrend currently the market is in a major support level (red line) 465 levels it formed bearish engulfing on daily charts if it breaks we can expect a downward movement upto 340 levels

premanandh

on daily charts cipla is forming ascending triangle and currently the market price is at major resistance level which is in confluence with the base of triangle yesterday 2-5-18 it formed shooting star indicating a trend reversal and today (3-5-18 ) it is forming an engulfing pattern indicating a strong trend reversal RSI has touched oversold levels and returning...

premanandh

cipla on daily charts is inside an ascending triangle pattern currently market price is in major resistance level which is the base of triangle yesterday 1-4-18 it formed a shooting star pattern which indicates a trend reversal and today 3-5-18 it is forming engulfing pattern RSI have also reached oversold levels and returning back if bearishness continues for...

premanandh Updated 

redlines indicating major support and resistance levels and blue line indicating a major downtrend line if currently the market is in a major trendline resistance if confirmation comes by candlesticks in daily we can go for short selling

premanandh

this stock SAIL is currently in a major support level (75.99 )and also currently travelling inside a channel both the support and the lower channel line are in confluence with each other( red line indicates support/resistance levels and green line indicates channel lines) on daily it formed a green candle if more bullishness is seen then we can expect an upmove...

premanandh

ajantha pharma forms lower highs and lower lows indicating a downtrend in monthly time frames and in daily charts also it is in downtrend, currently it forms a symmentrical triangle in daily charts and there is significant amount of low volume converging towards apex ( found this point in the book technical analysis by john murphy ) if there is a break out on...

premanandh

bpcl is currently in a major support line which is in confluence with a major trend line RSI also reached oversold levels and turning back in daily time frame all these indicating a clear uptrend if confirmation comes by candlesticks we can go for long or buy

premanandh

torrent pharma forms a lower low, lower high in monthly charts indicating a downtrend , in daily charts currently the market is in upper channel line forming a shooting star indicating a trend reversal accompanied by major resistance levels if confirmation comes by candlestick patterns for bearishness in daily charts we can go for short selling. .

premanandh

sunpharma has been in a long term downtrend forming lower highs and lower lows, recently it went for a consolidation or sideways movement and currently the prices are in a lower band of sideways market which is a strong support zone if confirmation comes by candlesticks in daily charts we can go for buy (follow my arrows it will be clear) first target 572.35 if...

premanandh

heromotocorp in a uptrend on monthly charts at present in a major trendline levels and support levels at 3500 in daily charts currently it is in a downtrend forming lower high and lower lows at daily charts it is at a major support zone the trend may change in the future. based on trend based fib extensions it may reach to 4000 or 4500 levels post your valuable...

premanandh

TCS always goes for a swing and consolidates within a range. recently it went for a swing and currently in range bound market current range bound market is within 3200 to 2800 levels. maximum call option OI is build up at 3000 and maximum put optio OI is build at 2800 levels now the current market in a major support level may expect an upmove to 3000 if it breaks...

premanandh Updated 

larsen and tubro in a descending channel current market price reached the upper band of descending parallel channel which is confluence with highest CALL option open interest at 1300 first target 1260 which is highest put option open interest next target 1230 which is lower band of travelling channel