techtrail

techtrail

This stock has been consolidating in a right range and the IT stocks have been relative out-performers off-late. A breakout above the cloud would be a positive development and could help the stock seek next resistance at 570-580 range. This one is in my watchlist.

techtrail

Nifty has registered higher-highs and higher-lows pattern, prompting me to draw this magenta upsloping pitchfork. What price does on a revisit to the lower parallel of this fork will reveal a lot about the validity of this pitchfork. A bullish key reversal bar or hammer candlestick pattern at the lower parallel would increase the reliability and relevance of this...

techtrail Updated 

After a brief excursion below the blue fork, price is now flirting with the lower parallel of that fork. A breakout above the swing high of 130.4 would push the price back into the blue fork and also trigger a fresh buy signal in the Point and Figure Chart. The stock looks bullish across Daily, weekly & monthly time frame. Expect a swift move once price gets...

techtrail

The stock looks bullish in the daily time frame. The bullish view in daily chart would get invalidated on a close below 117. Am looking to add to holdings on a 15-miunte close above 133.5. This one is in my watchlist

techtrail Updated 

Nifty 50 index managed to close on a positive note yesterday. In this 15-minute chart, the price is current positioned just below the cloud. A breakout and retest of this level could push the index to the 75-minute resistance level of 8,065. A close above 8,065 in the 75-minute chart would be a strong signal of a possible short-term rally to 8,250-8,300 zone...

techtrail

Price rejected at the upper parallel of the blue fork, which is a bearish sign. The Magenta Fork is a "Reverse Medianline". It has a lot of touches, strengthening its validity. I would look for the next buying opportunity, if at all, at the lower parallel of the Magenta fork or at the medianline of the blue fork. If not, price at least has to reverse the...

techtrail

The stock has bounced off monthly support. Have a look at the 15-minute chart here. A breakout past the cloud would be a bullish sign and would strengthen the case for a rally to 700+ Support comes in at 650

techtrail

From the chart, it is clear that the bearish sequence was broken when price made a new high above the prior swing high. We now have a few reference points in the form of downsloping magenta pitchfork and upsloping green one. A move past the upper parallel of the magenta fork would have bullish implications and price could then move to the middle green line. If...

techtrail

Price has reached an important support level in the monthly chart. Am watching if this level would arrest the recent fall. I would ideally prefer a "Hammer" kind of a candle this month and a breakout above upper magenta line. A combination of these two would give me the confidence to buy this stock. Until then, it makes sense to watch this one :)

techtrail Updated 

The stock has been moving up steadily and undertone looks bullish. Price has cleared resistance and the supports are holding: a classic sign of uptrend. Am expecting a rally to 298.8.

techtrail Updated 

Gold price cracked big time last week and the fall was arrested right at the support zone marked in the chart. Price has since been consolidating and the price action indicates the possibility of a bounce. The immediate level to focus-on is the blue line in the chart. If the price manages to clear that blue line via a green WRB (with higher volumes) then the...

techtrail

Am wondering what will price do next. I have no clue but have chalked out a few scenario. The key clue would be how price behaves IF it falls to the red lines which mark support.

techtrail Updated 

The blue lines in the chart represent major swing high and low in the 75-minute time frame. Unless the price moves above a prior swing high, it would make sense to look for shorting opportunity at resistance. This is the basic logic behind trading. People tend to get into trouble when they focus on a lower time frame, without having the context of the higher...

techtrail Updated 

After being rejected at the blue upsloping medianline, the red fork now seems to be in play.

techtrail Updated 

After a massive rally, price has gotten into a correction recently. What the price does at the current support line would be a key development to monitor. If there is a bounce from support, the next question is, will the price clear the resistance at the red line. The answer to these two questions would provide clue about the near term trend for the stock. Time...

techtrail Updated 

Price appears to be tracing out a triangle pattern in this monthly chart. This stock is in my watchlist and planning to buy this one on any breakout.

techtrail

Have a look at the monthly chart. Price has edged above the multi-year broad trading range. A move past previous month high of 584 would be a major sign of strength. Am watching this stock for a potential long entry.

techtrail

Price has been making progressing up, in a sequence of higher highs and higher lows in this weekly chart. Outlook looks bullish and a rally to the red line may be a reasonable expectation. Here is the Point & Figure chart. Am posting an external link as Tradingview does not support log scale Point and Figure chart. d.pr/za8B