techtrail

techtrail

I had discussed about this stock on a few occasions earlier. The expected breakout did not materialize until recently. The price action in the past few weeks / months has not invalidated the view shared in prior updates. Stock looks interesting and am keenly watching it for entry opportunities.

techtrail

This stock has outperformed the Nifty 50 index in the past few weeks. The chart pattern in the stock is bullish too. Am watching this one with interest. I will be a buyer if the stock breaks out and closes above Rs.1,242. I will be inclined to abandon bullish thoughts on a close below Rs.1135. Let's see what we have in store !

techtrail

This stock looks bullish in the weekly and monthly charts. A look at the daily chart indicates consolidation near a key resistance level (denoted by the red dashed line). Am waiting for a breakout above the line (backed by higher volume) before buying this one. My guess is that it is just a question of time before the stock registers a big breakout and heads...

techtrail

The stock has been consolidating for several months now In the weekly chart. A breakout has happened this week and am watching this stock closely for sustenance of this breakout. The price action suggests that a major round of accumulation is over in this stock and it is primed to get into a trending phase.

techtrail

The stock has been confined to a broad trading range in the past few months. The recent price action in the past few days is characterised by bunching of closes in a tight range. This bunching up of price near important resistance level makes me interested in this stock. A breakout with volume spike will make me go long in this stock. Am watching this one with interest.

techtrail

After an extended period of consolidation, the stock has registered a breakout, backed by volume spike as well. The chart looks bullish and am already long in this. This stock and the sector is a relative out-performer Vs the Nifty 50 index. Have this one in your watchlist.

techtrail

This stock has been one of the biggest gainers in the past 18 months or so. The price action over the past few weeks is however suggestive of distribution or selling by the smart money or the composite operator as Wyckoff would term it. Look at the volume signature near the highs and the subsequent price action. Doesn't look too promising to me. If you own the...

techtrail

Bajaj Finance has been one of the relative outperformers in comparison to the Nifty 50 Index. After a period of consolidation, the price registered a breakout yesterday with huge trading volume. I am watching this stock with interest and looking for clues as to the nature of this breakout. One possibility is that the breakout is an "upthrust" and price could then...

techtrail Updated 

The stock has been stuck in a trading range for almost 3-years now. The volume signature within this trading range indicates that major accumulation is underway in this stock. The price action in the past few weeks has been very constructive with volumes picking up along with momentum to the upside. I am watching this stock with interest and would buy it either...

techtrail

I had shared my thoughts on this stock a few weeks ago. Here is the previous post. Subsequent to the above post, the price did a retest of the breakout area and has displayed constructive price action today. Am already long in this stock and would add more on continuation buy signal in the Point & Figure charts.

techtrail

The stock witnessed a sharp breakout couple of days ago from a nice volatility contraction pattern. Am interested in buying this one on a fresh breakout to new highs. Lovely price and volume action.

techtrail

The stock has displayed the tendency to congest or form a nice VCP pattern, as described by Mark Minervini. Another such pattern is in progress now. A breakout above the green line in the chart will be a sign of strength and would have me interested in buying this stock.

techtrail

After a big run-up, the stock has been consolidating off late. The recent congestion near key resistance area is a positive sign. Any breakout to new highs will get me interested in this stock.

techtrail

This stock has displayed signs of outperformance versus the Nifty50 index recently. The stock has been consolidating in a trading range recently, near the key resistance at 450-460 zone. Am watching this stock with interest and would not be averse to taking long positions if i get a buy signal in intra-day charts. I will add to long positions on a breakout in...

techtrail

The stock has been consolidating in a trading range for a while now. Have a look at the price action over the past few days. The candle size has shrunk and so has the volume. The rally today represents a breakout from the range. The price action today is also backed by higher trading volume. I have bought a few shares today. Would add more on subsequent buy signals.

techtrail

This chart is a nice case study on those interested in identifying support, resistance and breakouts. After a big breakout, price dribbled lower to seek support at the prior highs, that acted as support. Notice the drop in volume during the fall and the pick in volume last week. Interesting stock and I bought a few last week. Will add more on further rise.

techtrail

This stock is a wonderful case study on support / resistance levels and Wyckoff reaccumulation. Notice how price has been consolidating near the all-time-highs. Notice the breakout and retest in the daily chart. A nice chart and am long today..

techtrail

Tata Global is in a nice little consolidation. Have a look at the charts of Shakti Pump Balkrishna Industries which have similar (not the same) kind of pattern. The theme here is narrow ranged bars with a dry-up in trading volume, suggesting volatility contraction aka VCP pattern (a term coined by Mark Minervini). Bombay Dyeing & Visaka Industries are a couple of...