serikarprakash

serikarprakash

Price closed 1. Above upper trendline marked 2. 4370 levels was the previous support turned resistance which has now been broken on the upside. Did try quite a few times over the last few days at this level 3. Stock closed above 50 EMA 4. Stock closed at the 200 EMA. Could have been more positive about this if it closed above the 200 EMA 5. Good volumes Target...

serikarprakash Updated 

From a weekly timeframe, ITC has been making higher highs from Mar-2020 after the long downtrend from 2018. And now has broken trend-line resistance levels with good volumes. Although the close is just above the trendline, looks like a power move breaking the trendline and in this context, this could move up. Target levels marked on the previous S/R levels....

serikarprakash Updated 

Reasons to buy Bullish as per weekly In daily timeframe, currently taking support at the trendline Support level coincides with 50DMA Support level coincides with 38.2% fib retracement level Morning star pattern formed at this level Entry, SL, Target levels marked on the chart

serikarprakash

From a weekly timeframe perspective, INDIANB did a strong breakout with good volumes from an Ascending Triangle pattern Stock was taking support at the 50 EMA and now has broken 200 EMA on the upside Can wait for a minor pullback to happen and then enter based on the daily timeframe. Has a good potential on the upside with a Risk/Reward of 1:6

serikarprakash

BANKBARODA has broken out on the upside from the symmetric triangle. Pullback done and reversed with a hammer candlestick formation. Can enter long with the target levels marked and SL for 76 PS: BANKNIFTY also looks strongly bullish in terms of the market trend

serikarprakash

Breakout pullback done from the upper trendline marked on the chart. Looks bullish from here. Bullish from a weekly viewpoint also.

serikarprakash

As per weekly, there is a double top formation and currently testing the neckline. If this week or subsequent week closes with a body dominating red candle then can expect to start falling till 237 and then 198 levels. In Daily chart, if it closes strongly below the support zone and also the 250ema, then confirms a potential downfall till above levels.For reversal...