Stock has formed a very interesting chart pattern. Also is it current at the level of resistance which has been tried to be broken multiple times but failed. But high probability that it shall be broken this time...if happened it can be a good long side trade. also the stock is long on higher timeframe
Looks like there are signs of trend reversal in Divis lab on a higher timeframe. It is bouncing off from the 200 day EMA and also a 75% fib retracement . Apart from this there is a clear pattern breakout for divis lab.
Looking at the chart of RVNL , it seems the stock is ready to blast off and move to a higher price range.
Eicher motors has been in a sideways zone since Mar 21 .. I am assuming the correction phase is about to end and another upward trajectory is about to begin.
Nifty is currently in an extremely oversold territory...last 3 days we have seen a good resilience from the market and due to this nifty is not falling below 17000... The current setup on multiple timeframes indicates a slightly bullish view on nifty for the coming days....tomorrow is a big budget day for Indian market so i ll trade taking a bullish view in mind.
TVS is ready for the next big move . it is rebounding from an important Fib level. the resistance is acting as a support on a higher timeframe
Biocon - Inverse Head and shoulder - Trend change in progress
Chola Finance - uptrend continuation bouncing off its support by breaking the trend line.....such setups are high on probability....6-* % move on upside expected
Kalyan Jewelers is respecting the trend line and is continuing its up trend.. until the upward trend line is holding the stock shall be bullish.....with diwali coming in next month i am expecting the prices to rise
AU small finance bank is at a long time support level and bouncing off ....the current trend line break confirms the change in short term bearish trend and at current prices the risk vs reward is very attractive...
De Reddy lab is in a very good rish reward ratio one can consider this for a swing trade
BHEL looks in a sideways to bullish trend. currently at support and respecting an upward moving trend line. setup looks good for a longer swing
Bosch Ltd - Weekly breakout from consolidation current risk vs reward is feasible to take a trade
Bajaj Auto has been under pressure since long....The current pattern formed suggest a trend reversal until the support are holding .....
Adanient is retesting its break out and at a good risk to reward ratio
Sanofi has broken out from long consolidation in last 3-4 weeks...currently the stock is retesting its breakout trend line....respected it and had bounced off from the trend line
Setup is looking really good in the current ticker.....also the risk vs reward is very lucrative ...the stock is respecting its support levels
The stock is in uptrend and current has bounced off its support. I am expecting it to move higher