The stock was in a bearish mode after it made a top in April 2022. It fell badly to previos support zone and retested, consolidated and now moving up with good volumes. Now it is approaching it's strong resistance zone. I am expecting some profit booking first and some pullback and consolidation in this area. Once we have a good day/weekly closing above 47.25...
The stock has closed above it's ATH yesterday. Buy above 482 and carry on weekly closing basis only for positional 5-7% move. Learn & Earn, Dr. Tanya Kumar
The stock is making a cup and handle pattern on the weekly time frame. It has also reported good quarterly results associated by good volumes lately. 3 weeks back it tried to give a breakout but failed to give a strong weekly closing. One can enter this stock for intraday above 700 level for 1-2% gains. For swing we need a weekly closing above 700 or daily...
Bombay Dyeing has a very strong support line (purple) from where the price always bounces back. The blue line (140.5) is a strong resistance zone. In 2017 the stock gave a good monthly trendline Breakout. Now same price action is repeating itself in 2023 with a monthly trendline formation. Price will move fast in either direction from the zone. This idea is...
The stock is testing it's 6 year old trendline. It has made a double bottom pattern as well. Buy above 421 and carry only on Day closing basis. Positional targets will be 445, 468 and 500. KRBL Limited is an Indian rice processing and exporting company, and the world's largest rice miller. The company posted decent Quarterly results today. Learn & Earn, Dr....
The stock can give a weekly resistance BO above 65.75. Carry on closing basis for positional targets of 70, 73 and 76.5. Learn & Earn, Dr. Tanya Kumar
The stock has given a 11 month old trendline BO. Buy above 48 level - carry on closing basis. Initial Targets would be 50 and 52. Learn & Earn, Dr. Tanya Kumar
The stock is testing it's 7 month old trendline and a 2 years old strong support/resistance zone. It has given a strong closing above all EMA today. Buy above 442 level (carry on day closing basis) for positional targets 458, 469 and 484. Learn & Earn, Dr. Tanya Kumar
The stock is making an ascending triangle and testing it's 2 years range. Buy above 255.5 (day closing basis) - do confirm the weekly closing as well for positional targets 265, 280, 290 and 300. Learn & Earn, Dr. Tanya Kumar
The stock is testing it's all time high resistance (16 year old resistance) and if succeeds to close above 350 (preferably on weekly basis) can give good positional targets. Learn & Earn, Dr. Tanya Kumar
If you see the weekly charts of TATASTEEL (left) and JSWSTEEL (right) - both are now testing the weekly trendline and getting ready for an upmove. Kindly wait for a clear confirmation on both daily and weekly charts to take positions. For TATASTEEL we need closing above 115.75 and JSWSTEEL above 812. Positional targets for TATASTEEL will be 123 and 130....
The stock is testing it's resistance zone - can give a BO above 310. Carry only on day closing basis for 4-5% positional gains. Learn & Earn, Dr. Tanya Kumar
The stock has been trading in a triangle pattern on weekly chart and has given a strong weekly closing. Buy above 803 level (carry only on day closing basis) for positional targets of 850 and 894. Learn & Earn, Dr. Tanya Kumar
JSW ENERGY is making an ascending triangle pattern and closed high above the neckline. Good volumes today and it has given a closing above 200 ema. Buy above 277 (carry positional on day closing basis) for positional targets of 286, 295, 308 and eventually 343 (depth of the ascending triangle). Technical SL would be 249 - one can adjust as per their R:R. Learn...
DOLLAR INDUSTRIES has given a 15 month old trendline BO. Today it has given a strong candle closing and now will be testing it's strong Support/Resistance zone placed between 398-400. 200 EMA is also placed in same region. We have seen good volumes in the consolidation phase. Buy above 400 level (day closing basis) for positional targets 415, 435 and...
The stock has given a 5 year old trendline breakout. Buy above 116 level positional (carry on day closing basis) for Short Term Target - 123.5 (double bottom neckline) followed by 130 (weekly 200 EMA) Once this level is broken and sustained Midterm target would be 150 and 160. Once these levels are broken and sustained long term target would be...
RAIN indistries has been in a downtrend and now trying to give breakout of it's 18 months old trendline. It has also developed a double bottom pattern. Buy above 165 (which is a strong resistance as well as 200 EMA) - carry only on day closing basis. Positional targets would be 169, 175 and 185. Learn & Earn, Dr. Tanya Kumar
The stock has formed an ascending triangle and consolidating in same range for last 2 years. Buy above 254.5 level (day closing basis for swing) for 10-15% positional upmove. Targets would be 270, 290, 300 and more. Learn & Earn, Dr. Tanya Kumar