Dhampur sugar mill looking above today's session high. Just a simple trendline and resistance breakout with good volumes, also we got a 9/21 ema crossover and macd crossover plus we get rsi at 64 meaning bullishness, can retrace a bit or not.
GODREJCP LOOKING GOOD FOR A SHORTING OPPORTUNITY. STOCK TODAY MADE AN HEAD AND SHOULDER PATTERN AND DAILY RSI AT 42, WILL SHORT BELOW PREVIOUS CANDLE'S LOW AND ALSO WE CAN SEE HIGH VOLUMES COMING IN THE END SESSION.
HINDPETRO LOOKING GOOD TO SHORTTAKING RESISTANCE FROM ITS SUPPY ZONE, WILL BE A TOUGH HURDLE TO BREAK.
ZEEL AFTER NICE BREAKDOWN TAKEN SUPPORT ON TRENDLINE, IF BREAKS THAT TOO, CAN SEE MORE FALL BUT UNDERTONE BEING BULLISH CAN SEE UPSIDE MOVEMENT.
LINDE INDIA WAS TRADING IN PARALLEL CHANNEL, FOLLOWING THE MARKET GIVEN A BREAKDOWN FROM CHANNEL AND NOW AFTER REENTERING CHANNEL TAKING PRICE REJCTION FROM BELOW SHOWING GOOD BULLISH MOMENTUM, INDICATORS ALSO INDICATE BULLISHNESS, WILL GO LONG ABOVE THE PREVIOUS CANDLE"S HIGH :)
TAKING TRADE IN THE DIRECTION OF MARKET, TATA STEEL LOOKING BEARISH. NOW STANDING ON A TRENDLINE SUPPORT AND ALSO MADE A CUP FORMATION, IF REVERSES COULD MAKE A HANDLE TOO. BUT INDICATORS SHOW BEARISHNESS, RSI AT 41, STOCHASTIC GOING IN HIGH SELLING ZONE AND ALSO EMA CROSSOVER CONFIRMING TO GO SHORT BELOW YESTERDAY'S LOW :)
JUBILANT FOODS NARROWING ITS RANGE, NOW BOUNCING FROM TRENDLINE SUPPORT IN SHORTER TIME FRAME WITH GOOD VOLUMES. ALSO JUBLFOOD BEING A DEFENSIVE SECTOR STOCK AND SUPPORTING IT ALL TIME HIGH MARKETS, LOOKING GOOD ABOVE 2843. 2843 BECAUSE OF A SMALL RESISTACE IN SHORTER TIME FRAME. WILL LOOK FOR A LONG OPPORTUNITY :)
M_M MADE A BREAKOUT TODAY FROM CUP PATTERN WITH GOOD VOLUMES, INDICATORS BULLISH. WILL LOOK FOR LONG ABOVE TODAY'S HIGH.
JSW STEEL GIVEN A BREAKOUT FOLLOWING A LONG TERM TRENDLINE WITH GOOD VOLUMES. INDICATORS BULLISH, WILL LOOK FOR A LONG OPPORTUNITY.
SBI CARDS BROKE THROUGH THE SUPPLY ZONE. AFTER FACING STRONG RESISTANCE, GAVE BREAKOUT TODAY WITH GOOD VOLUMES. INDICATORS BULLISH TOO.... LOOKING GUD FOR LONG, WILL LOOK FOR A BUY OPPORTUNITY :))
AFTER BIG RALLY FROM MID NOVEMBER, RESPECTING ITS LONG TERM TRENDINE AND FOLLOWED BY OVER BOUGHT ZONE OF RSI, MACD BEARISH CROSSOVER, ALSO WITH ALL TIME HIGH IN A BEARISH MARKET, WILL LOOK FOR SHORTING OPPORTUNITY (AGAIN) BELOW TODAYS LOW.
GODREJ PROPERTIES RESPECTING TO ITS LONG TERM TRENDLINE WILL ACT AS A STRONG RESISTANCE AND ALSO STANDING AT ALL TIME HIGH, WILL LOOK FOR AN OPPORTUNITY TO SHORT. RSI BEING AT 80 TOO, FORMED A DOJI CANDLE, MEANING THERE'S INDECISION FOR THE STOCK, HENCE CAN GO EITHER WAY. MARKET IS SUPREME. ALTHOUGH WILL LOOK TO SHORT BELOW TODAY'S CANDLE LOW. :)
PAGE IND GIVEN A BREAKOUT OF TRENDLINE WITH GOOD VOLUMES. CAN LOOK FOR A LONG OPPPORTUNITY ABOVE TODAYS HIGH, IF RETRACED CAN GO TILL TRENDLINE AND THEN BOUNCE, SL BELOW TRENDLINE. :)
DIVIS LABORATORIES GAVE BREAKOUT OF TRENDLINE AND AFTER RETRACING BACK TO IT AND BOUNCING. SL CAN BE A FEW POINTS BELOW TRENDLINE AND NIFTY PHARMA BEING IN FOCUS CAN GIVE GOOD UPMOVE. :)
CIPLA HAS GIVEN A TRENDLINE BREAKOUT WITH GOOD VOLUMES. PHARMA SECTOR BEING IN FOCUS, CIPLA LOOKING GOOD FOR A LONG OPPORTUNITY. :)
BATA LOOKING GOOD, GIVEN A TRENDLINE BREAKOUT AND ALSO A RANGE BREAKOUT TOO, WITH GOOD VOLUMES. HAS BEEN IN UNDERPERFORMANCE AFTER COVID AND EVER SINCE, CAN GO TO PRE COVID LEVELS.
BREAKOUT GIVEN FROM STRONG RESISTANCE THEN RETRACED AND NOW BOUNCING FROM SUPPORT. LOOKING GOOD ABOVE 195
COAL INDIA TRENDLINE BREAKOUT WITH GOOD VOLUMES. OPPORTUNITY ABOVE 141. :)