NSE:VOLTAS Ltd. is an interesting chart to keep on radar with following 1. RSI on all time frames above or almost at 60 2. Flag Pattern under formation at weekly chart 3. Price earlier was forming lower highs and lower lows; However after 16th December it started forming higher high and higher lows 4. ABCD pattern under formation on weekly chart 5. Weekly...
Nifty 50 which has formed this two candle pattern (green Candle followed by Red candle covering almost 50% or more of previous green candle body) in some instances it is perfect Dark Cloud Cover Candle Pattern Just check similar pattern was formed on following dates 15-oct -24 --- Followed by bearish trend and fall in prices 17-Nov-24 --- Followed by Bearish...
Network 18 Media & Investments Ltd. is an interesting chart with following 1. RSI on all time frames almost at or above 60 (DWM) 2. Price Gaining Momentum with rising volumes 3. After a long consolidation of price between 77-95 zone since March 2024, Price made a breakout from the range last week with volume 4. Super trend on weekly turned positive 5....
Jubilant FoodWorks Ltd. is an interesting stock with following : 1. RSI on all time frames DWM above 60 2. Big anchor Green Candle on daily chart with high volume at weekly close 3. ABCD Pattern under formation on weekly chart 4. Major cluster of supports as under: 20 SMA (daily) 634 50 EMA (daily) 629 20 SMA ...
Chambal Fertilisers and Chemicals Ltd. is another interesting chart to keep on radar with following 1. RSI on all time frames (DWM) is at or above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. ABCD pattern under formation on weekly chart with fib-extension targets of 639-694 4. 6 month long consolidation on daily chart...
Syngene International Ltd. is an interesting chart in momentum with following 1. RSI on all time frames (DWM) above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. Huge Anchor candle formed on weekly chart with high volume 4. Major price supports 20 SMA (daily) 883 50 EMA (daily) 875 20...
Zomato Ltd. is an interesting chart in momentum with following 1. RSI on all time frames (D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking near Upper Band 3. Four months long consolidation in range of 240 to 295 zone 4. ABCD pattern under formation on weekly chart 5. Major Price Supports as under: 20 SMA ...
Divi's Laboratories Ltd. is an interesting chart with following 1. RSI on all time frames (i.e. D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase 4. ABCD pattern under...
Axis Bank Ltd. Double top or Trendline and consolidation breakdown to keep on radar Will it survive and sustain above its support ? or Will it Breakdown and slide further down Lets see how it evolves further Other points of consideration are 1. RSI on daily taking support at 40 levels 2. Narrowing Bollinger bands forming a rectangular consolidation on...
Aditya Birla Fashion and Retail Ltd. another consolidation breakdown to keep on radar 1. Price made false / failed breakout of the consolidation zone earlier 2. Price now made a consolidation breakdown on weekly chart 3. RSI on daily chart below 40 4. Double top visible on charts 5. Cypher Pattern under formation on weekly chart Lets See How it...
L&T Finance Ltd. an interesting stock with weak chart structure 1. RSI on daily slipped below 40 2. Price broke below its one year long Trend line support 3. Big Anchor Red Candled formed on the chart with price trading below major moving averages Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share...
IndusInd Bank Ltd. is another weak and weaker chart structure with following 1. RSI on both daily and weekly slipped below 40 2. Price trading below major moving averages 3. Price closed just below major support area of 1350 levels, if it sustains below this level for few more days one can see more down side. CAUTION : markets are volatile keep strict stop...
L&T Finance Ltd. is an interesting chart with following 1. Positive RSI Divergence on Daily Chart 2. Price taking minor support at monthly super trend levels 3. Double Bottom with Outside and inside (Bollinger Band) Bars on daily chart 4. Major Trend line support on weekly chart near 122-132 zone 5. Price near 50% Fibonacci Retracement level at 135.45 and...
Mahindra & Mahindra Financial Services Ltd. an interesting stock with weak chart structure 1. RSI on daily slipped below 40 2. Big Anchor Red Candled formed on the chart with price trading below major moving averages Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational...
Nestle India Ltd. a nine month long consolidation breakout to keep on radar 1. RSI on all time frames above 60 2. Narrowing Bollinger Bands on Weekly chart 3. ABCD pattern under formation on weekly chart 4. Price walking on upper Bollinger Band 5. Rise in price with rising volume Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am...
Polycab India Ltd. is an interesting chart with following 1. RSI on all time frames (DWM) above 60 2. Narrowing Bollinger Bands on Weekly chart 3. Price breakout from 4 month long price consolidation in a range on daily chart.. Breakout with volume 4. ABCD pattern under formation on weekly chart 5. Major Price support 20 day SMA/ 20 Week SMA at 6705 to 6710...
Bandhan Bank Ltd. is an interesting chart to keep on radar 1. Price formed base in its 6 month long consolidation 2. BAT pattern under formation on weekly chart 3. Narrowing Bollinger Bands on daily and weekly chart 4. Price getting ready to breakout of its consolidation and walk on upper Bollinger bands on daily chart 5. Minor resistance near 208-210...
Kabra Extrusiontechnik Ltd. is an interesting 6 month long consolidation breakout 1. RSI on all time frames above 60 2. Price Breakout with huge volume candles 3. Narrowing Bollinger Bands on both daily and weekly charts Will it sustain ? or Will it Fizzle out ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I...