Shree Renuka looks good to go upside RSI and MACD shows good momentum if breaks 35 level then we can see 45-47 levels soon. Bullish triangular pattern formation. Disclaimer: This is not a recommendation. Pls invest as per your own risk.
Adani port looking good and ready for the breakout. Volumes currently not great but will flow in soon. Price has good support of 20,50,100 and 200 EMA. RSI > 61 MACD show good momentum. target can go > 850 Disclaimer: This is not any kind of recommendation but an educational chart. Pls invest at your own risk.
CDSL was consolidating since sometime and now it seems that consolidation time is over. With good volume, CDSL about to give a breakout. Ascending triangle breakout can be very good for giving quick gain. RSI is also at breakout level and is >60 showing good momentum. Disclaimer: Pls invest at your own risk.
PTC India Financials is at breakout level. It has been consolidating since July'20 and now volume supports the breakout. RSI has already given breakout on weekly timeframe and is at 61 level. MACD is very positive. Good returns are awaiting here Disclaimer: This is not any kind of recommendation but for education purpose. Pls invest at your own risk.
Penny share alert !! Vikas life seems strong now due to following reason: 1. RSI showing good momentum with 60+ 2. 20,50,100 and 200 EMA support. Price action crossed 200 EMA recently. 3. If it crosses box 1, then we can see approaching towards all time high. Buying volume can come when price reaches towards upper border of box 1.
Yes Bank looks bullish Good volume keeps building. It is just a matter of trigger, when happens we can see it moving. We can see inverse head and shoulder pattern formation which gives first target of 17. But 100 and 200 EMA's are well above 33 levels which potrays future targets of Yes Bank. Few good results and bang !!! Disclaimer: This is not any kind of...
Cubex Tubling has given a breakout RSI is > 60 Positive on chart MACD is showing good momentum Targets mentioned on the chart Disclaimer: This is not a recommendation and is meant for learning purpose. Pls invest at your own risk.
National Aluminum - given a multi year breakout , retest done and started moving up for making new highs Whenever a share breaks multiyear resistance trendline, it explodes and looks for big targets Company is posting great results This is fundamentally and technically strong share Buy for investment purpose. Disclaimer: This is not a recommendation but a...
Greaves cotton looks great on chart It has been consolidating since 2014 and ready to breakout Very positive as all EMA's are supporting the price together It can explode anytime already moved 30-40 points last week. Big EV player Disclaimer: This is not a recommendation but for educational purpose. Invest at your own risk.
Reliance looks bullish. It has recently tested trendline and reversed and looks poitive. RSI is > 50 and forming a bullish triangular pattern on hourly chart. It can be a positional buy. Its not a recommendation. Pls invest at your own risk.
IDBI Bank has huge volume . . . it has been accumulated well enough Recent breakout on daily time frame. Once can purchase it for 2X target in 5-6 month frame if the trendline is broken in near future. Near time resistance is at 67.5, if broken one can see it going towards 100 Disclaimer: This is an educational chart setup and not any kind of recommendation Pls...
Head and Shoulder formation is taking place. MACD is showing bullish cross over indication positive momentum on weekly chart. Chart setup is good to long UPL for high targets. UPL is currently operating in channel and once it breaks out of the channel, we can see very good movements coming. Disclaimer: This is an educational chart analysis and not any kind of...
Falling wedge pattern breakout and retest on hourly timeframe. Currently the stock is consolidating. Big move can come anytime. Target can be taken as red line on the chart. Blue line is acting as a good support. Disclaimer: This is an educational chart and no recommendation. Pls invest as per your risk-reward and analysis.
This analysis is totally based on Elliot Wave theory and Volume profile As per Wave theory, We have entered into wave 3 which has just started. Target 1(wave 3 completion) - somewhere around 75 Wave 4 should take it back to level 44 (Good support calculated based on Fibonacci and Volume profile ) Target 2(Wave 5) - ~ 160 range (based on fibo levels and volume...
Nifty has formed a expanding wedge pattern since Jan'21. It has rejected lower support trendline 4 time. Recent rejection took place with support from 200 EMA. We will not get bearish unless lower trendline gets broken. With future events that are about to take place as Budget, Q1 Results, Election results, etc, we can expect an upward move as well if things...
Trendline breakout in Vakrangee with huge volume. This is 4th attempt to break the trendline and mostly 4th attempt is the strongest as per my experience. RSI is above 60 indicates good momentum Targets are mentioned in the chart. Management is going really good work to improve the business of Vakrangee . . . Great future growth fundamentally. Disclaimer: This...
On 15min timeframe - we can see 4th wave is ending and can be a good start for 5th wave. Are we ready for a good Christmas Eve and New Year for bulls ? Chart is self explanatory Disclaimer - This is a educational chart setup. Pls invest as per your risk-reward appetite.
Buy Infosys above 1847 levels and wait for the confirmation when daily candle closes above 1847. RSI above 65 Volume is increasing Good risk: reward setup. Stop loss: 1658 Disclaimer: This is a educational chart and not any kind of recommendation.