study-learning-on-Price-Action

study-learning-on-Price-Action

NIFTY is forming Inverted Head & Shoulder pattern in 30 min TF with neckline around 12020-30 region. It also have mid term support Trend Line (yellow) & long term support Trend Line (green). 11800-820 have been strong support base for NIFTY even in past. NIFTY seems more probable to break and move higher if it break neckline at 12030 and can try to reach...

study-learning-on-Price-Action

KOTAKBANK is testing 1400-1425 zone for 4th time. Banking sector is currently in trend and KOTAKBANK is one of the sound fundamental stock as well. Once it cross this resistance zone, it can see 1530-1550 in coming days/week. This zone is respected since July' 18 multiple times as highlighted by flags (red & green color). Must have on your watchlist for coming...

study-learning-on-Price-Action

FSL has moved forming flags for continuous fifth time. This is very similar to one of the chart I posted couple of week back. Can you name that? Current day candle has given breakout from 5th flag pattern in the series and as per its past movement, it should continue the trend. Above 73.5 looks good (safe abv 75.1) Watch my other charts to understand simple price...

study-learning-on-Price-Action

GODREJPROP was shared with student group to buy above 945 and it triggered soon after recommendation and gave massive 12% move. This was also recommended by Ketan (one of our PRO member) for swing last week. GODREJPROP was trading in a zone for past few months and breakout on either side was expected. Today it gave breakout in first 30 mins and never stopped...

study-learning-on-Price-Action

As explained on chart, HINDZINC is showing intersection of 3 TL/Patterns and move above 225.5 can be good. If sustains & close above 226-27 then can be taken as positional as well. Blue trend line running since Apr'18 Pink horizontal support/resistance line running since May'17 Flag pattern as highlighted in yellow. Watch my other charts to understand simple...

study-learning-on-Price-Action

VOLTAS has given ascending triangle breakout on Friday. Above 703, it can move further up and below are some key resistance areas to watch out. 1. Trend line from Feb (blue color) - 709-10 2. Year long resistance zone (yellow color) - 720-26 If VOLTAS manages to cross both these hurdles then it can move to new high. Friday's volume was also very good which was...

study-learning-on-Price-Action

PIIND has given breakout from small consolidation zone and looks very good above 2105. Other stocks on watchlist OFSS SONATSOFTW VOLTAS DIVISLAB Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Thanks Piyush Gupta

study-learning-on-Price-Action

SONATSOFTW is testing its important resistance zone 365-366 which is 2 year long zone. SONATSOFTW looks very promising above this zone for both Intraday & Positional. Volume is also good on this stock and IT sector is currently in momentum. Keep on watch along with OFSS which was posted 2 days back and is very close to trigger level. Watch my other charts to...

study-learning-on-Price-Action

SRF has been moving in steps which is very evident from chart. It has given multiple step breakout (I posted SBICARD study which had same behavior). Post its major breakout from Blue TL, it has been consolidating for 2 months which is good sign whenever breakout happens. SRF based on its past behavior that I have observed, when it moves it gives minimum 4-5%...

study-learning-on-Price-Action

ITC after consolidating in a range for 20 days has broken down today. Also this stock has fallen so much from its glory days but price action indicates more bear grip if this cross below 164. There is a possibility that it will retrace back to zone if market is bullish and it won't trigger but in case market is bearish, it will continue to scale new low. Ideas...

study-learning-on-Price-Action

OFSS is near its long term resistance zone of 3200-3300. It has given in intraday today to buy at 3232 and made intraday high of 3301. If this manages to close above 3310-20, then it can scale up to 3700 & 3900 level. Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively. Watch my other charts to understand simple price action used...

study-learning-on-Price-Action Updated 

BHARTIARTL has highlighted on chart has given us 3 signals for weakness. Below 411 is can go further down till 401-402 which is its important support from last 2-3 years. Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Thanks Piyush Gupta

study-learning-on-Price-Action

SRTRANSFIN is forming inverted head & shoulder along with cup & handle patterns. Both of them are bullish patterns. SRTRANSFIN has resistance at 676, once crossed it can give good move. Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Thanks Piyush Gupta

study-learning-on-Price-Action

INDUSINDBK has formed flag pattern after bullish move from breakout of cup & handle pattern. It also have trend line intersecting at current price. Above 630.5, it can show another set of move in coming days or tomorrow. Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging...

study-learning-on-Price-Action

Long above 61.5 Patterns:- 1. JSWENERGY has given breakout from its long term resistance zone around 60 2. It has also given breakout from mid term trend line (blue) 3. It has formed cup & handle pattern and given breakout from it (blue) 4. It has horizontal resistance at 61.5, above which it can move good in coming days. This is good for both positional and...

study-learning-on-Price-Action

Support & Resistance zone are inter-changeable. Levels which acted as support can act as resistance in future and vice versa. Same is very much highlighted from this AUROPHARMA chart where 850-855 acted as support multiple times and now acting as resistance multiple times. Above 855, AUROPHARMA can move up. Keep on your watchlist. Check my previous charts to...

study-learning-on-Price-Action

HAVELLS have 3 factors weighting on its up-move in coming days. 1. It is currently at 78% fibo level from last swing high which is acting as resistance. 2. 688-692 is important resistance level respected for last 2 years 3. It has been consolidating (lose ascending triangle) in last 15-18 days. Breakout above 692-693 can result in good move and it able to sustain...

study-learning-on-Price-Action

TCS has historically moved in steps. It consolidate for 2-3 years around a level and once broken it moves 600-900 points. This behavior is seen historically from 2011. Consolidation range 760 days - 650 points move (year 2011-13) Consolidation range 1200 days - 900 points move (year 2014-17) Consolidation range 721 days - 650 points move? (year 2018-20). As per...