sandeepbalachandran

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!

sandeepbalachandran

We might see a good potential for a swing in the coming days. Keep it on your watchlist. Weekly TF seems to be gaining strength. ====== 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!

sandeepbalachandran

Keep it on your watchlist. Both the monthly and weekly timeframes are gaining strength. The daily is close to maxed out. It might therefore correct itself before giving a definitive move! Also keep the current Covid scenario in mind. Market might move sideways or even dip depending on the situation. No trendline or support line will work in such a...

sandeepbalachandran Updated 

Indian Bank at levels from where it bounces back from. If you were interested in investing in Indian Bank, now is the time to amplify that interest. Buy also keep the overall market volatility in mind before investing. ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!

sandeepbalachandran

The stock has given a clear breakout, no doubt on this front. But in doing so, it has reached overbought levels on the 1hr, 2hr, 4hr and daily timeframes. It still has a lot of momentum left on timeframes lower than 1 hour. So here is what I see. The stock can possibly move by a decent margin before retracing back to the mentioned support level (this is an...

sandeepbalachandran

Taking support from 50EMA. Keep it on your swing watchlist. See how it responds today and then enter. 2 key support levels have been outlined. ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!

sandeepbalachandran

Bounced from support. Good for a potential swing! ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!