Astral Ltd. Breakout of Flag Pattern 1. Narrowing Bollinger Bands on Weekly chart 2. Price moving on upper Bollinger Bands on Daily Chart 3. can be a Good buy on Dips and dips only for a target of 2350- 2430 in near term Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation....
Metropolis Healthcare Ltd. is a beautiful picture perfect Rounding bottom pattern on weekly charts. 1. Narrowing Bollinger Bands on Weekly and monthly charts 2. RSI above 60 on Daily and Weekly charts 3. Price Crossed above resistance line 4. Major Supports near 1650- 1600 levels 5. Stock making higher highs for last two days 6. Both SRS and ARS above zero 7. 20...
Can Fin Homes Ltd. is another interesting chart with following 1. ABCD pattern under formation on weekly chart 2. Narrowing Bollinger Bands on weekly chart 3. Price traded and closed on Upper Bollinger Band on daily chart with huge volume. 4. Next Minor resistance 845-850 zone which is box number also once closed above it, it will form breakout of long...
Cholamandalam Financial Holdings Ltd. Is an interesting chart with following 1. RSI on all time frames above 60 2. Narrowing Bollinger Bands on weekly chart with Huge Volume candles 3. Major support near 1060 - 1050 zone in short run and major support near 950-960 zone in long run 4. ABCD pattern under formation Caution : Stock witnessed an aggressive...
V- GUARD industries is an interesting chart with following 1. Price forming ABCD pattern on weekly chart 2. RSI on all time frames above 60 3. Weekly bullish candle with Huge volume 4. Major support at 283-296 zone 5. Buy on Dips and dips only with one's own Risk Reward matrix 6. Stock included in Weekly report of Stock Edge for current Week Lets See How it...
ABCAPITAL is an interesting chart with following 1. RSI on daily and Monthly chart above 60 2. AB-CD pattern under formation on weekly chart 3. Price formed a bullish candle on Weekly chart with huge Volume 4. Narrowing Bollinger Bands on Weekly charts 5. Can be a good Risk reward with Buy on Dips and dips only for a price target of 198-211-225 and positional...
BATA INDIA is an interesting chart with following 1. Bullish Harmonic BAT Pattern under formation on weekly chart 2. Price Reversal Zone as per Pattern is near 1420 - 1375 (below 1350 pattern fails) 3. Dozi formed on weekly chart with huge volume. 4. can be a good contra buy on dips with Low risk Reward as next resistance on upper side is at 1590-1610-1660...
SBI CARDS is an interesting chart with following 1. Bullish Harmonic BAT pattern under formation 2. PRZ near 715-740 zone 3. Confirmation hammer candle on weekly chart 4. Price Formed Bullish candles on two consecutive days on daily charts despite bad numbers can be a good risk and reward for positional target of 873 with SL below 700 levels Disclaimer: I am...
PVR INOX is an interesting chart with following 1. Bullish Harmonic BAT pattern under formation with price reversal zone near 1420 zone 2. Bullish Diversion on RSI on daily chart 3. Price formed Doji on daily chart 4. 100 EMA support on Monthly chart near 1345 Can be a good risk reward with buy on dips and dips only near PRZ if a confirmation bullish candle...
BAJAJ FINSERVE is an interesting chart 1. Bullish Harmonic BAT pattern on daily chart 2. Weekly Support at 1564 which is 50 EMA weekly 3. Weekly trend line support at 1560 4. weekly Anchor support at 1509 levels 5. Positive Reverse Diversion on RSI on weekly chart (RSI made a new low but price made a new high ) 6. One can look for buy on dips and dips...
Asian paint is one interesting stock with following 1. Price forming Bullish Harmonic BAT pattern on weekly chart 2. Pattern PRZ zone near 2810 - 2730 levels Subject to reversal confirmation at least on 4 hour/ daily chart 3. RSI on daily chart already below 20 (oversold zone) 4. 200 EMA support on weekly chart at 2780 levels 5. 50 EMA support on monthly chart at...
JSW Steel Ltd. is also an interesting Bearish chart with following 1. Price formed Black Marubozu candle on weekly chart 2. Price formed Three black crows pattern on daily chart 3. Price walking near lower Bollinger Bands on Daily Chart 4. Stock Making lower lows on daily chart for last three days. 5. 2. Major support on weekly time is near 769-790 zone...
RELIANCE INDUSTRIES can be an interesting in terms of Risk Reward with following reasons 1. 20 Month's SMA support @ 2300 levels. with 61.8 % fib Retracement also falling within same area and daily SMA also at 2307 levels. (Multiple supports in 2280-2300 zone. 2. ABCD pattern under formation on weekly chart 3. Price crossed above 20 SMA (daily) and Narrowing...
ZEE ENTERTAINMENT is an interesting chart with following 1. RSI on Daily / Weekly Above 60 and Monthly RSI above 55 2. ABCD pattern under formation on weekly chart 3. 20week SMA support at 245-247 levels 4. Narrowing Bollinger Bands on daily charts and price has started its first move on upper band 5 Next Resistance zone 293- 319 before it fetches level...
Torrent Pharam is an interesting chart with following factors 1. Ascending Triangle Breakout on Daily Chart 2. Narrowing Bollinger Bands and Price moving on upper Band 3. 20 Week SMA support at 1918-1920 zone 4. Narrowing Bollinger Bands on weekly charts 5. Daily / Weekly / Monthly all RSI above 60 6. Daily Super trend signal changed to Buy Good Risk reward...
GRASIM INDUSTRIES LTD is an interesting chart for following reasons 1. Weekly chart : Long ascending Triangle breakout and its retest during last week and price taking support at trend line at 1824-1830 zone 2. 20 week SMA support at 1840 levels 3. Daily ABCD pattern under formation 4. Daily - Stock Making higher highs for last 3 days, 5. Outperforming...
Muthoot Finance Ltd. is an interesting chart with following 1. ABCD pattern under formation in weekly chart 2. Price taking support at 20 week SMA i.e. Rs. 1270 3. Price crossed above 20 Day SMA (1259) and is trading neat upper Bollinger bands. 4. RSI on daily /weekly / Monthly time frame is bullish strong 5. As per fib Projections next resistance can be 1368-...
Britannia seems to have formed a double TOP with negative diversion on RSI (weekly ) 1. Daily Price is below 20 SMA 2. can be a good Short trade with SL above 5050 for a swing target of 4650 - 4530 3. Harmonic Pattern with PRZ on 5037 levels I am not an expert I just share interesting charts here. Please seek expert opinion before investing or trading because...