sanstocktrader

sanstocktrader

Bearish Engulfing Reversal candle followed by Bearish Pin Bar candle . Below weekly support of 374 stock may tank till 360-350

sanstocktrader

Infy broke strong weekly support of 900 however managed to give weekly close above this support zone . Additionally made weekly Hammer candle . Stock may have small relief above 924 for 955.

sanstocktrader

ON hourly chart Symmetrical Triangle break out above 304. Pattern suggest level of 328 on upside .

sanstocktrader

Double Bottom pattern break above 1255 on monthly time frame .

sanstocktrader Updated 

Petronet is on verge of falling channel break out . Channel length 21 rs .

sanstocktrader

Nifty took support from 50SMA and recover 45 point from low. Nifty spot 9712 is confluence of Trendlines support . Bears will have upper hand only below 9712-9700 , these levels may change overall Trend of Nifty from bullish to Bearish . Bulls will try to defend 9791 which is 50 SMA and 9712 which is Trendline support. Above 9865 Bulls to have upper Hand.

sanstocktrader

Exide made NR7 candle today coincide with Inside Bar candle pattern . Above 210 stock can do 219 quickly ,Weak below 203.

sanstocktrader

Shriram Transport Finance :Falling Channel Break out on hourly chart.

sanstocktrader

JSW Steel which was underperforming with respect to Tata Steel till march 2013 , started showing noticeable outperformance from Tata Steel.

sanstocktrader

Maithan Alloy : Eyeing Accumulation zone of 385-360 for investment .

sanstocktrader

I will be accumulating this Quality Mid Cap stock in range of 720-680 for investment .

sanstocktrader

Nifty closed below 50SMA 1st time after 04-Jan-2017. Nifty Made Doji Candle below 50SMA . Hence further weakness only below 9680. Bullish Trend to resume above 9780.

sanstocktrader

SBI is at Channel & 200 SMA support zone . Break below this support zone will invite more weakness.

sanstocktrader

Sail closed below 200SMA and around support zone . Below 55.5 stock may show more weakness.

sanstocktrader

Stock is in Wave 4 , Wave 4 accumulation range 1234-1171 for Wave 5 target of 1403

sanstocktrader

Ashok Leyland : Rising channel support coincide with 50 SMA

sanstocktrader

Stock took support at 50SMA and managed to close at Rising Wedge support line .

sanstocktrader

Bank nifty gave break down below rising channel and 50 SMA .24800 -24900 may act as resistance zone.