sagarrmehta

sagarrmehta

As we can see, Bajaj Electric has sustain above the support zone for a long period. It has given the Break out from the Symmetric Triangle and reached to next supply zone. At where it is consolidating with low volume. As we can see in chart last two candles, bears are trying to take stock down but bulls have upper hand.

sagarrmehta

Earlier rejection from 50MA,but support taken and bonce back, if sustain above 50MA, then i am expecting a breach of Trade line, and start of upward journey RSI also near the trade line Breakout, If stock and RSI both will give Breakout, then stock will move much higher. Its defense stock too, so in a bad market it works.

sagarrmehta

SBI Bank has taken Trend line support as we can see in chart. And that support is horizontal Support too. Also today crossed 50MA,concern is average volume. If we get a pullback and then again a up move, then it will be best buy

sagarrmehta

Prince pipe has given the BO 8th Nov, 21 from rounding Bottom, in last two days in market fall it has tested support, where buyers have responded strongly it has not close below the Breakout zone and nr breakout zone it has formed two long tail candle, which indicates buying interest. Also RSI has not breached earlier low

sagarrmehta

Sobha is moving in upward channel and yesterday it has formed doji near the low of channel which is also near 50MA, which may also act as good support Even RSI Also at support 4 combination looks good 1) Hammer 2) channel low 3) 50MA 4) RSI at support

sagarrmehta

Support breached with #volume expansion We need follow up of this move, which we may, get in current market condition. Many times it also happens that the #support breaches and than stock reverse from their also so, we need followup of today's breach.

sagarrmehta

As marked in chart, 1st rejection with volume expansion was observed and than price was consolidating nr 50MA which vital MA for short term view. Today price got rejected nr 50MA and With candle being wide in range and with volume expansion.

sagarrmehta

Bharti Airtel today given Breakout from the consolidation zone, It was in the range of 680 to 715 and after lots off attempt, Bulls have clear the range. It is also a Consolidation above the range of 10years, so expecting some fire move Result was also good

sagarrmehta

Escort has given the Breakout of BOX and consolation above it, it just testing the passion of players. once good hourly close above the consolidation zone, will take to much high.

sagarrmehta

after a Breakout, reliance has give a good move, it was moving in the channel after a breakdown from the channel, stock has corrected and taken support near 50MA also at support. Now Reliance is making hammer type candle long tail candle Nr 50MA, which is sign of buyer having interest in it. it is also at 38.2% retracement from the TOP More than 1 confirmations...

sagarrmehta

Beautiful VCP formation in BSE and Given the nice BO with volume expansion

sagarrmehta

Bharti after a BO and gud run, tested Breakout zone formed reversal candle with volume expansion

sagarrmehta

Bullish set up formed after a decent run And nice trend line BO, after 5 rejection will make it supper bullish

sagarrmehta

after decent up move and minor consolidation, stock is again moveing our of consolidation range

sagarrmehta

2 candles 50% breached, which shows the strong participation are in it

sagarrmehta

As seen in chart after a consolidation, when price and MA are at same point, price has taken support of 50MA and given bounce from it

sagarrmehta

LT was largely under performing in the this bull run now it has former nice Cup and Handle Patter, looking for the gud up move

sagarrmehta

After forming base as seen in chart, Gujarat Gas given the Nice up move which shows accumulation at base than Breakout. Again after nice upmove it has gone in small consolidation and again given Breakout today with Volume Expansion, which show the strength in stock It has formed Flag Pattern having size of 200 Points