sandeepbalachandran

sandeepbalachandran

Technical Analysis of KRBL: KRBL is currently showcasing significant increase in trading volume, accompanied by a rise in weekly momentum. The price remains constricted within the range of 270 and 330, indicating a phase of consolidation. The stock is likely to experience minor fluctuations before making a potential upward move. Key resistance points, R1, R2, and...

sandeepbalachandran

Technical Analysis of Kansai Nerolac Paints: Nerolac Paints accumulation phase was followed by a healthy 10% move with high trading volumes. The stock has also demonstrated strength in weekly momentum, with above-average post-breakout volumes, also referred to as supporting volumes, indicating sustained buyer interest. A minor resistance at 300 has now turned...

sandeepbalachandran

Technical Analysis of Aavas Financiers: Aavas Financiers has been in a downtrend since January 2022, with strong initial support levels established at 1,297. The stock is facing resistance at four key levels: 1,815 (R1), 2,044 (R2), 2,416 (R3), and 3,000 (R4). Notably, the stock is trading above the 200-week EMA, which is a positive technical sign, but it may...

sandeepbalachandran

Since October 2021, SBI Cards and Payments has been on a downward trajectory, eventually finding support at 690. However, the weekly chart suggests the stock may be entering an accumulation phase. Since January 2024, the price has been fluctuating between a low of 690 and a high of 760, which could indicate consolidation as buyers gradually accumulate shares....

sandeepbalachandran

Technical Analysis: Over the past year, significant buyer interest has been evident in trading volumes, even as the stock price has been consolidating. The price has consistently maintained support at 90 and is currently fluctuating between 99 and 115, suggesting a phase of accumulation. The positive trading volumes further indicate strong buyer interest. From a...

sandeepbalachandran

Technical Analysis: Over the past year, the stock has maintained stability without experiencing any significant price dips. Notably, the price has been trading close to the 21-day Exponential Moving Average (EMA), while gaining solid buyer momentum on the weekly chart. Buyer momentum on the monthly chart also appears positive, reinforcing the overall bullish...

sandeepbalachandran

Technical Analysis of Rain : Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period. Positive Indicators : The weekly and monthly charts highlight some encouraging...

sandeepbalachandran

Technical Analysis Overview : The stock price has been fluctuating within a range of 236 to 290, with a well-established support level at 220. Recently, there has been a notable 60% increase in weekly trading volume compared to previous weeks. Additionally, three key resistance levels /targets (R1, R2, and R3) have been identified. Positive Indicators : 1. ...

sandeepbalachandran Updated 

Running in a parallel channel. Has tried to breakout multiple times only to fall back to the demand zone. Will it give a breakout this time? Maybe, maybe not! Should you invest? I cannot provide an answer to this. That is for you to bet on! You can risk a small amount by trading it now or you can wait for it to break and close above level 480 to initiate a...

sandeepbalachandran Updated 

The chart says it all! Trade small since the market is still extremely volatile! Happy Trading!

sandeepbalachandran

Strong stock that is close to oversold on the monthly and weekly. Currently sitting in a strong demand zone. ====== Not investment advice. I am only sharing what I see and understand. How you take this trade is up to you! Happy Trading!

sandeepbalachandran

A rising wedge basically signifies a probable end to an uptrend. However, we have been wrong a number of times. But in such irrational and nuclear times a break in trend can signify a massive fall in the price of a stock. Even though this stock looks strong, the monthly timeframe looks extremely weak. Should this weekly support break, we can clearly expect HAL to...

sandeepbalachandran

Tata Consumer would have been an excellent pick for a swing but with Nations preparing for a probable Nuclear strike I wouldn't suggest going long at the moment. This script looks excellent for a quick scalp. The first hour might see a correction but once the script starts moving, it's likely to gain a good upward momentum. Remember - the first hour is crucial....

sandeepbalachandran

One of Trading Views' strongest feature is its screener. Probably the best some of us have gotten used to so far. This is a small tutorial /writeup to help you search for stocks probably sitting at support. Remember, for certain stocks their area of value is 20EMA, while for some it’s 50EMA and for others it could also be 100EMA, so on and so forth. Basically,...

sandeepbalachandran

Current trend channel Network18 is moving in. My views on Network18 are bullish but with the current market scenario, a bull run can turn bearish pretty quickly. So if at all you want to trade in this script, go small initially and then choose to go big if you see potential for a good move. Also, you best bet would be to buy at support. ====== This is not a...

sandeepbalachandran

I just came across a post that connects the 'Closing of a Green candle' with the 'Opening of a Red candle' stating a Breakout. This is completely and utterly wrong in terms of analysis! ====== Go easy on the 'Buy' button because there are multiple resistance points. The stock might take support anywhere from 582 to 590 before moving up. If it doesn't you can...

sandeepbalachandran

Cooper at resistance. Wait for a retracement before stepping in. Will likely retrace because the 4-2-1 hour timeframes are in overbought zones. Patience is key! ====== This is not a recommendation though. Trade as per your knowledge and your risk appetite. And do not base your trade on what I give. Please do your own research before investing! I don't post as...

sandeepbalachandran

It most likely will correct itself today before moving up. The previous three candles are not too convincing to carry itself up. You can place this on your watchlist 'cause the overall trend is up! The daily is clearly in the oversold areas. However there is still space for it to move lower! ====== This is not a recommendation though. Trade as per your knowledge...