rvc8280

rvc8280

IBULHSGFIN -- Lookis promoting BO from the Wedge formation - starting from 2019 - in a Weekly time frame. Chat is self-explanatory, and targets will be 280, 320 and beyond once Breakout happens. In case if current market momentum helps this to BO, let's get this. Add to watchlist

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WIPRO - After months of downtrend and consolidation, forming an inverted Head and Shoulder pattern. Any breakout on this will give good returns - first 440 -490-550 levels. CNXIT is also on the rise, this should help in gaining some momentum. Add to watchlist, for further study.

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GRANULES -- All indicators are green, trading above all moving averages. Reaching 439.5 - which is double top on the Weekly time frame. If buyers step in to keep up the momentum, we should see 478 before any trend reversal. This is a 1.68 level and expects some retracement as per Elliott's wave theory. Add to watchlist - wait for confirmation Currently,...

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IRCTC - after 2 years of going South direction now Looks like moving towards the North. Overall stock is trading above all moving averages on D/W/M time frames. Every indicator is on Green. But wait for 920-925 level to take out before taking the next entry. Missed 775 to 917 drives within two trading sessions ... but this is clearly indicated before. Look...

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BATAINDIA - Expected to Move beyond 1750 during Aug time frame, but continuously taking resistance from Weekly Gann trend line in past 22 weeks. Currently trading above most of the moving averages on D/W/M time frames and taking support from 1650 levels. If aggressive, We can take an entry above 1675 and if sustains above the trendline, we can add more. Net...

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BAJAJFINSV -- On raise From a long-term investment point of view - RSI is rising on Weekly and Monthly. Also stock is trading above most of the moving averages on D/W/M time frames. As we can see on the Weekly time frame - forming a triangle pattern and waiting for 1741 level to take out and sustain before entry. We can back to Back for two weeks - 1741 is...

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ASIANPAINT : Stock is on an uptrend from the past couple of weeks and trading above most of the moving averages on Daily, Weekly, and Monthly time frames. However, looking at the chart pattern - we see from 2021 Feb - it's forming a triangle pattern - and a breakout on either side should give a good opportunity to trade. Considering the market trend overall --...

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On Weekly Time Frame : We can clearly see - the stock is trading above most of the moving averages - and moving towards an uptrend. Also, we can see that Buy pressure is above the Sell pressure On Daily Time Frame : Add to watchlist -- we may see a good upside to 80+ levels in a short period.

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SUNPHARMA Clear Breakout of level 1200 - set on 06-Apr-2015 Considering the current momentum and market condition - we should be able to see further up move - if the current breakout sustains. Stock is trading above all indicators and moving averages. Add to watchlist --

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As we discussed previously stock raised from 249 to 299 in 2 weeks. Now facing 61.8% resistance. Wait for this level to take out - the immediate next level will be 338 and then will march towards 380 levels.

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DIXON is on a strong Uptrend for some time. However - we see around 6250 - Double top formation. Today with 5% raise to the upside - testing this level. If the move is not sustained, we can see some correction at this level. Watchout 6250 PE or 6300 PE levels. Add to watchlist ....

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TATAPOWER - The chart is in Weekly Time Frame. Based on today's close - 298.6 is close to the top during Apr 2022. We can see two patterns. One - Double Top Two - Raising wedge. However stock has been on a strong uptrend from the past couple of weeks. Its above all indicators and Moving averages on Daily, Weekly and Monthly time frames. Add to watch list -...

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This is my study and not any kind of trade recommendation. Undoubtedly BNF is positive, above all moving averages. As per indicators - it is clear buy - looking at the trend from the past few weeks and especially the speed it reached current levels after recent Election results. Trendline on Weekly time frame - OCT-2022 top to now, we see - there is some...

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IBULHSGFIN - Looks like trying to come out of years of downtrend. 'Based on indicators, Currently trading above most of the moving averages On Daily, Weekly, and Monthly time frames. Also trying to break 3 years trend line. We can see the triangle pattern formation and breakout here will give good returns. Also Vol - Buy pressure is increasing, CCI is on the...

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ZEEL : After months of downtrend from 600 to 120 levels, We see a bounce back to 350 levels during Dec 2021. However not able to sustain and back to 160-175 levels during Feb 2023. After a couple of months of consolidation\ accumulation - we see a slow rise towards 300 levels. For the past couple of weeks, the stock has been trading in 290-250 levels and we can...

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DIVISLAB : Fundamentally strong one and recovered from recent lows of 2800 range. Currently forming Inverted Head and Shoulders format. Just hanging around the trend line and once cross this, we should be able to see the completion of the Inverse H&S pattern and Zoom to 5000+ levels. Stock is trading above most of the moving averages on Daily, Weekly and...

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CHAMBLFERT -- Based on the trendline and current momentum we should see a good upside in the short term. Currently stock is trading above most of the moving averages on Daily, Weekly and Monthly time frames. Also on a Daily Time frame: We can see stock reversing from the Double bottom. The next target in the short term is 366-368 levels and beyond that,...

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BANDHANBNK -- currently trading below all indicators. But looks like this will bounce back from long term support level of 210 and should see some reversal in short term. On Daily Time frame: If breakout on this, we should see 245-250 levels and if any momentum pickup with good news/results - we should see 255 level takeout. On Weekly time frame: Stock...