sankatradesindia

sankatradesindia

Yes Bank is seeing some great buying action with good volumes. For risky traders, this could be a sign of reversal from hitting a recent bottom. Great price volume action. Go long for short term. Please like and follow. NSE:YESBANK

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Will it be a case where NTPC breaks down completely from the trendline after reversing from the same point as before? Keep on radar. Please like and follow. NSE:NTPC

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The indicated trend-line has shown stiff resistance to HDFC previously. It has reversed from the same levels again this time. Keep on radar for down side. Please like and follow. NSE:HDFC

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IDFC first bank broke out from the trend line and is now ready to retrace to those levels. Keep this on radar. Please like and follow. NSE:IDFCFIRSTB

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Coal India gave a decent breakout from the trend line and is now ready to retrace to the same trend line which will act as a support. Watch for the trendline and take a call on which side you want to take the trade. If decisively broken downwards, then we can also see weakness in the stock. Please like and follow. NSE:COALINDIA

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I don't think the stock is going to face a stiff resistance before the indicated trend-line. Super momentum in the stock. Continue to be long. Please like and follow. NSE:ONGC

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JK Paper has tested these levels multiple times before. But never closed above the trendline. Can it this time? Keep on radar. Please like and follow. NSE:JKPAPER

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BHEL has formed a symmetrical triangle on hourly charts. A requirement for a triangle formation is consolidating or reduced volumes and that is exactly what is seen on this setup. It will resume a previous uptrend, ie, upwards, after it breaksout from the triangle. Keep on radar. Like and follow. NSE:BHEL

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BPCL is available at fantastic levels and the divestment play out for the stock will see minimum levels of at atleast 450-460 if not higher. Accumulate at these levels. Immediate target at 408-409. Go long. Like and follow. NSE:BPCL

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Ashok Leyland has the best chart I have seen today. Here are some of the pointers from the chart: Look at the trend-line. This is a very important trendline. S1 and S2 provided good support to the stock previously. 4th January 2019 was when the trend-line was decisively broken and there was a down fall. R1 and R2 offered great resistances. This is in...

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Couple of things I would want to highlight here: The stock has face resistance multiple times at the indicated trend-line The times that it did manage to break it, the move was not decisive enough and I am certain that a lot of stop losses would have got triggered. It could be interesting to see if it is broken this time. But I would suggest to not trade...

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ICICI bank received strong support at the trend-line as indicated by the arrows. By theory, a previous support acts like a resistance. ICICI bank is at that levels again and could find stiff resistance. But if decisively broken, then the move could be huge. Like and follow. NSE:ICICIBANK

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SBIN will shake bank nifty if this resistance is broken decisively. Just look at the setup. In a major bull run and don't think the trend-line can offer any strong resistance to this kind of up-move. Like and follow. I am going to start a series for long term investment. NSE:SBIN

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Alright then, first of all, WARNING: Only for risky traders. Yes Bank as seen had created a gap on hourly charts. Now it has successfully retraced and almost filled the gaps as well. If a risk can be taken, go long from here. Technically the chart shows a breakout and up trend. Trade with stop loss according to risk appetite. Fundamentally, the management...

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Right then, it is time we start investing in quality stocks. I honestly feel the stock market is in a bubble and the bubble is not going to last for long. But let's leave that for another day. :) United spirits has the highest market cap among its peers. Available at very good valuations and has been trading in a range if the monthly charts are looked at. This...

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TVC:DJI

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Will it successfully and decisively break it this time? Keep this on the radar. Like and follow. NSE:IOC

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National Aluminum seems to be consolidating. The preceding trend was a solid uptrend and the stock is likely to give a breakout on the upside. Keep on radar. Like and follow. NSE:NATIONALUM