prithvirajwagh1072

prithvirajwagh1072

In weekly, the stock is forming a inverted head and shoulder pattern. The stock is already in uptrend. The RSI is about to cross 60 and has come down from previous bullish zone. In daily, there is a bullish crossover, and overall the volume is increasing. In weekly also, the volume bar is above the volume moving average.

prithvirajwagh1072

ISGEC Heavy Engineering: The stock gave a multiyear breakout and closed above resistance in weekly. The breakout is supported with good volume. RSI is in bullish zone since May'2023. In coming days, the stock is expected to give good upside. Keep in radar

prithvirajwagh1072

The stock is in long term uptrend. In weekly timeframe, it formed two bullish patterns, viz. Ascending triangle and inverted head and shoulder. The stock has good volume spikes in the accumulation phase. As today is the last trading day of the week, in the End-of-day, we can also see confirmation to buy as it is forming bullish pivot. The RSI is now near 60,...

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In weekly timeframe, stock forming a bullish pennant pattern. Stock bouncing from 50EMA and RSI is at 59, which is about to cross 60. The stock was seen with good volume in previous couple of months. The first concern is that even if RSI crosses 60, it is important to wait and should be bought only after retest confirmation. This is to avoid trap of fake...

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The stock is on the resistance level of multi-year of breakout since 2018. In the first rounding, the downfall was a clear shake-out of Covid. In the second rounding, the volume was dried up in the accumulation phase. In the second rounding, the volume was year's high. Year's high volume rises the probability of a strong breakout. The RSI came down from...

prithvirajwagh1072

The first lower trend line was broken resulting a change in trend. If you notice carefully on the second trend line, the stock is forming a cup and handle pattern. After the breaking candle of the first resistance, the immediate next candle was the candle with the highest volume ever for the stock. The RSI has just crossed above 60. The RSI also came from...

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Firstly, stock formed a cup and handle pattern which broke the resistance with good volume. Secondly, the second breakout is in flag and pole pattern. Both cup and handle and flag and pole are bullish patterns. Flag and pole is the most time-tested pattern with good accuracy and shows strength in bullishness. The stock was continually moving in LH, LL, LH,...

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BIRLA MONEY: Stock gave multi-year breakout. Can we expect a move on the upside by analysing the past movement of the stock? Also, have a look on the volume profile.

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TNPL: Stock near multiyear breakout. Weekly cup an handle formation. Volume spikes in accumulation phase ie. in cup and handle base. Stock consolidating near resistance which is also forming Darvas box. If the stock breaks the resistance, then it may be good to buy after retest . But the stock should not violate the resistance heavily during retest.

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Weekly cup and handle pattern with year's high volume and Darvas box. Weekly price bounce from 50EMA. Currently, stock at its potential resistance, breaking above 880 may give a good move on the upside. Weekly RSI at 72 which came back from bullish zone. Above 880, no overhead resistance.

prithvirajwagh1072

NESCO LTD: Monthly trend is bullish. The stock is in "Upward-sideways" trajectory. On the daily timeframe, it forms a ascending triangle pattern. The recent volume is highest volume in the year. Weekly RSI is above 70, which came down from bullish zone and again rising. It broke its resistance of 790 and closed above it. Its next resistance is 814 but chances...