GAIL had previously broken down from a head and shoulders pattern at current levels. Going by theory, the same point will now act as a resistance. If this breaks, there could be a move towards 105 for GAIL. One more point that nudges in the direction is the formation of the above average volumes. Also, higher highs and higher lows. Please like and follow. NSE:GAIL
This stock has been a laggard for very long. But it has finally seemed to have got into some action. It has broken a strong trendline offering resistance with very very good volumes. Something is definitely cooking in this stock. Please like and follow. NSE:EMAMIPAP
After consolidating and forming a descending triangle, looks like DR reddy has tested the support. Good chance to go long from here. NSE:DRREDDY Please follow and like.
ITC reversed very well from a fib level. Can go long again. The chart looks strong on the charts. NSE:ITC Please like and follow.
BPCL showed a great up-move after it broke out from the trendline. Then, it re-tested the same trendline and bounced back. This is the stock to go long. I had posted a very successful idea about BPCL. Please check the related idea section. Please like and follow. NSE:BPCL
AARTI Drugs showed an upmove in 3 sessions but it was in a down trend. If fib levels are drawn, it is seen that the stock has reversed from the first levels of 0.236/714. This is negative for the stock. Please like and follow. NSE:AARTIDRUGS
NSE:TATACHEM Please follow and like :)
Nifty IT index is testing a support trendline that it has tested before (But managed to take support). But how will it react this time? Keep this on your radar. Big shots like TCS and Infy are breaking down by big numbers. Please like and follow. NSE:CNXIT
TCS had created a runaway gap that it has managed to use as support to rebounce from multiple times as indicated in the chart. This time around, will it take support and bounce back as it did previously? Or will it break down? Keep this on radar. It could give opportunities on both sell and buy side. Like and Follow please :) As a trader, how would you treat...
Pfizer has not only filled back the gap it created when a vaccine for Covid was announced, it has broken down further from that point. The breakdown was also happening with very good volumes. I still see further weakness in the stock. NSE:PFIZER Please like and follow :)
TATA power is breaking out from a symmetrical triangle. What is the trend prior to the formation? UPTREND. What is the predicted trend after the symmetrical triangle? UPTREND (going by theory of a symmetric triangle) Is the symmetrical triangle confirmed? Yes, consolidated volumes. What is the idea? Go long on tata power. Super formations. Please follow...
SBIN looks absolutely solid on the charts. The biggest bank of India is back on track and we could see very big targets. I had previously said SBI should be bought on every dip. Check the related idea tagged with this idea. This is a brilliant move for the bank. NSE:SBIN Please like and follow.
Dow Jones had created a huge gap. Filled that today. Please like and follow. TVC:DJI
NSE:ADANIGAS
Pfizer, when it announced a vaccine, it had opened with a gap. Now what kind of a gap is that? It cannot be treated as a breakaway or a runaway gap because the stock was not really in a uptrend. So that increases the likeliness of the gap being filled. Pfizer has managed to do exactly that. And it has filled up the gap pretty quickly as well. Please...
HDFC life is now attempting to break a resistance that it has failed to break previously (multiple times) The resistance testing has been marked with arrows. A decisive break will be a trigger for a long trade in HDFC LIFE. Please follow and like. :) NSE:HDFCLIFE
Nifty has tried to break the trend-line based resistance multiple times (trend-line indicated by a white line). Will this be the final attempt to break out from the trendline? More importantly, will the weekly closure be decisively above the trendline? Note: On Tuesday, ie, 17th November, Nifty is going to open with a gap up. Please like and follow :) NSE:NIFTY
TCS has tested the runaway gap created multiple times and managed to get good support on the down side. On the up side however, it is finding it hard to break the trendline and is consolidating in the range. Please note that the volumes are also an indication that the consolidation is happening. NSE:TCS This is a good buy on dips stock. The support seems to...