sandeepbalachandran

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...

sandeepbalachandran Updated 

This script follows a particular trend and is currently at support. The trend here is that the stock bounces off the 50 day EMA. So I am expecting it to bounce back again since it is at a trend line support and EMA support (not a perfect support but works for me). Targets are given, trade accordingly. ====== This is not a recommendation though. Trade as per your...

sandeepbalachandran

The stock is currently consolidating after a massive bull run. However, the weekly timeframe has gone into a correction phase, reason why I have placed a second support line. Should it break and close below Support 1 you can expect the stock to fall to values of ~537-540. ====== This is not a recommendation though. Trade as per your knowledge and your risk...

sandeepbalachandran

This stock has been in its accumulation phase for the last 7 weeks. It is highly likely to swing back up in the coming days or weeks. Keep it on your WL. ====== 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 often...

sandeepbalachandran

Everyone stating to buy Britannia without knowing that Britannia actually lost its steam on the weekly. And the falling market is only adding to this stocks overall fall. Britannia is likely to fall further or move sideways until it gains momentum. But this is a prediction none of us can give. However, if it does gain momentum it will likely touch 4000+ points. It...

sandeepbalachandran

Very likely on the path to a Breakout. Continuous formation of Higher Lows suggest buyers stepping in at almost all price points. Stock also looks strong across most TFs except for the Daily. However, this could trend like Tinplate. ===== Market is volatile. So take your trades with a little caution. Happy Trading!

sandeepbalachandran

Always remember that the price cannot be too far away from the 20 and 50 day moving average. If it's too far, like in this chart, it is bound to retrace back to its area of value. If you missed a chance to jump in early, you should refrain from jumping in late. The area of value from where Tesla is likely to take support from is somewhere in-between 850 and 880.

sandeepbalachandran

Wait for it to retrace to 48/50. Weekly looks exceptionally strong for an up move. ===== Market is currently volatile. Trade accordingly. Happy Trading!

sandeepbalachandran

New support and resistance lines for Delta Corp. Expect it to correct or retrace to either S1 or S2. My bet is, it will retrace close to S2 because the 4, 2 and 1hr TFs are weak. ==== Market is extremely volatile, so trade accordingly!

sandeepbalachandran

Unless I see this bouncing back with a strong bullish candle I would stay away from this stock. The month looks exceptionally weak and the falling StocRSI and MACD signals aren't convincing enough to even invest in this stock at support. Wait and see how the stock reacts once it reaches the demand zone. If it breaks the demand zone, it will be time to pack this...

sandeepbalachandran

2 possible scenarios with Bitcoin . It will either bounce from Zone 1 or further fall to Zone 2 which is a stronger Demand Zone. Also the sharply falling StocRSI suggests it could likely fall to Demand Zone 2. Unless we see a strong reversal on the 4hr and 2hr TFs this trend will likely not change! == I swear by the StochasticRSI. It's probably one of the best...

sandeepbalachandran

Amara Raja Batteries likely moving up. Watch this script! It is clearly in the overbought zone on the daily, so I would like to see it retrace to its support level before a breakout. Breaking out without a retracement would suck big time for this script! ====== This is not a recommendation though. Trade as per your knowledge and your risk appetite. And do not...

sandeepbalachandran Updated 

Sequent Scientific is slowly and steadily climbing after a 6-month fall. The monthly sell-off is almost close to dead. The weekly and daily are both gaining strength. Though, I would still give it a little more breathing space before investing . Keep this on your watchlist! This is not a recommendation though. Trade as per your knowledge and your risk...

sandeepbalachandran

Very close to a BO. ====== 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 often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly. Happy Trading!

sandeepbalachandran

First BO done. Second resistance BO on the cards. ====== 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 often but when I do, the trades are potential movers for the week! So trade and book your profits...

sandeepbalachandran

Watchlist stock. Not quite ready for a BO. ====== 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 often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly. Happy Trading!

sandeepbalachandran

BO done. Ready to move. ====== 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 often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly. Happy Trading!

sandeepbalachandran

Might see a retracement on Monday before moving. ====== 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! Happy Trading!