- TCS made Ascending Triangle Pattern on a hourly chart.
- Strong Resistance at 3360.
- There is high possibility that in the next 1-2 months it will breakout and create an ATH.
- NIFTY saw some small corrections in last 2 weeks.
- It has formed Bullish Engulfing candlestick on weekly basis.
- It may cross resistance level of 16000 in about 2 weeks and then re-test those levels for sometime.
- Alkyl Amines is consolidating from a long time.
- It has strong support at 3540. If it breaches support then it can go down to 3340.
- Volume has been dry for AA this month after the stock split.
- Stock is trading below EMA 50.
- The stock is moving sideways for over a month.
- Deepak Nitrite has shown strong support at 1700 levels.
- Resistance is at 1990 levels.
- RSI is at 45, which is a good indication of accumulating this stock.
- Watch for increase in volume , this can make a new all time high in coming weeks.
- Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial.
- It can either breakout and go to 3350 level or breakdown and go to 3000 level.
- RSI is around 45, it is good time to accumulate this stock.
- There is high possibility that it may move sideways for sometime because of low volumes.
- HFFC above 570 levels can be a good bet.
- RSI is at 32 on hourly chart which indicates that the stock is underbought at current levels.
- Stock is consolidating for around the past 45 days, it can give breakout.
- Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial.
- It can either breakout and go to 3350 level or breakdown and go to 3000 level.
- There is high possibility that it may move sideways for sometime
IRFC was in downtrend for 2 months from March to May, and from last month the stock has put up a good show.
The stock has seen more than 2% gain today with good volume
In my opinion it will be a good buy if it closes above 25.4 on a daily basis for both short term and long term
Easy trip was in consolidation phase from march to may and from last 1 month it has shown great momentum, this momentum might continue with ease in travelling and less corona virus cases in India on a daily basis.
With India recording lower cases day by day and peak of 2nd wave left far behind, entertainment stocks like PVR can show some good uptrend in coming months.
