Infy has taken very good support at the shown trendline (white line drawn). One interesting point is that the stock has bounced with good volumes from the trendline on the 3 occasions that it was tested. Next time it falls at towards the trendline and rebounces, it would offer a good opportunity to go long. Please like and follow. Also, have a look at my...
HCLTECH has consolidated with reduced volumes. NSE:HCLTECH A breakout from the consolidation would resume an uptrend which preceded the consolidation.
Multiple things to note on this chart. 1. The stock formed a good base at 71-72 levels. Tested twice and the levels acted as a good support. In the chart this is indicated by the black line drawn at support. 2. The stock then formed higher highs and higher lows indicating that the stock is in an uptrend. This happened for almost 6-7 weeks. 3. Now, historical...
Okay, this is for long term investors. If you are not a long term investor, the idea might not interest you but please continue to read and let me know what you think. :) So, let's talk trend-lines first. On Monthly charts, the stock is showing an up trend formed by higher highs and higher lows, well barring one red candle. Also, there is another trend-line...
Will it be breakout from the triangle pattern? Let's see. :) Please scroll through my other ideas as well and follow me if you think they interest you. NSE:TATAMOTORS
Okay, here is my thought process on a laggard. Let's look at the base trendline first. This trendline was drawn first on monthly charts to see where the stock has taken very strong support in the past (circled). "An earlier support later becomes a resistance". ITC has attempted to pierce through this line with good volumes. Next, on the weekly charts, I have...
Vedanta was seen attempting to break the resistance with good volume. Could the next trading session see a breakout in Vedanta? NSE:VEDL I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
AXIS bank in the last two weeks has shown really strong candles with very good volumes. The stock is well and truly in the long trend. NSE:AXISBANK I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
REC LTD has broken out of a trendline. IMPORTANT NOTE: The chart shows that the price is below the trend line because 13th November (the date on which I am posting this is an ex-dividend date and that too of 6 rupees). The stock is 2% up even on ex-dividend date shows how strong the stock is right now. Go long from here.
There is a bearing engulfing candle on SBICARDS. The volumes are pretty good too. There are two possible outcomes here: 1. Reversal from the support, as seen before (marked) 2. Further breakdown. Ideas for trade: Wait for next trading session for a confirmation candle. Then take a trade. No doubt, if there is a reversal from the support, then this could be...
That could be a good level to go long. Watch for levels of 2600. TCS formed a good runaway gap. With very good volumes. The same gap was also tested twice and successfully rebounded. Buy at 2605 after test happens. I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested." NSE:TCS
Symmetrical breakout on CDSL! NSE:CDSL I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
I had posted an idea on ITC and the stock moved by 4% almost. For short term traders, partial profit can be booked. I am posting the next Target (T1) and T2. Trail your SL. I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested." NSE:ITC
This is a blockbuster portfolio stock! NSE:ASTRAZEN I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
HUL is showing signs of a breakout from a symmetrical triangle. I am also indicating the ideal breakout range. Keep on radar. NSE:HINDUNILVR I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."
What a move by auro pharma! Look at how decisively it has broken the trendline. Should go long! Volumes look fantastic! I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested. " BSE:AUROPHARMA
I had recommended this chart for investors. Low cost stock and has shown higher highs, higher lows. Good up trend in the stock. Enter now for investors. If you get time, also open the weekly chart of this stock - beautifully depicts an uptrend. For reference, also look at the related idea that i had posted. NSE:CGPOWER
DIVIS lab will take a good support at the runaway gap created. On the upside, the trendline will act as the resistance. BSE:DIVISLAB I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested."