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LT has given a breakout from rising wedge pattern. However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario. One can enter if there is a retest and continuation of uptrend from 2250-2300 levels

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Weekly chart of INDIGO seems like a bounce from a strong support trendline. The candle of 31st March is a strong bullish marubozu candle. Looks good for an upmove. Trade as per your own analysis.

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Nifty has shown a steep upmove in the last one month breaking all the strong resistance without any major retracement. Today, nifty crossed 18000 with a strong volume candle and has closed near a strong supply zone of 18100-18120 levels. Even Bank nifty has given a strong closing above 43000. This breakout can be a signal for strong bullish uptrend to a new high...

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Weekly analysis of Bororenew stock can be analyzed as a beautiful representation of flag and pole pattern. The flag is a falling wedge pattern and currently is nearing the breakout zone which is also its 50% fib retracement level. The daily time frame chart of the stock is signaling a bullish breakout and the risk to reward is very attractive. Fundamentally, this...

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Apollopipes is looking strong for a breakout even in this bear market. We can see around 10% move when breakout of triangle pattern is completed and sustained. Buying at resistance can be risky, especially in such market.

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We have seen a bearish move in Nifty and Reliance from couple of days. Today, Reliance is at a strong support forming head and shoulder pattern at neck line. Wait and watch how the market reacts now.

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Yesterday, I had posted regarding the IVHS pattern of Nifty. Today, market had a big breakaway gap up opening followed by upmove to a strong resistance of 17600. Yesterday, the market had given a bearish closing and looks like this was a short covering which was triggered by strong Rupee vs USD. Today's closing above 17600 would be either a bull trap or a...

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GAEL recently has bounced from strong support trendline. Stock is showing good Risk Reward ratio at CMP Bullish Breakout of symmetrical triangle pattern will be confirmed above 260 levels. Chart shared only for educational purposes. Kindly trade as per your own analysis.

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PNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain. However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing. 630 is an immediate resistance above which it can...

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Energy sector stocks have shown support reversal or breakouts in recent times. Analyzing CNXENERGY, we can see that sector has retested its breakout trendline. Looks bullish !

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Deepakfert is looking ready for an upmove. It has bounced after taking support thrice from a strong trend line. It has also broken out from downtrend. RSI is now above 50 which also gives the same signal. The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove. THis is my personal analysis only for educational...

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Wonderla had a strong supply zone in 445-455 range. Friday, it can gave a strong closing near 450 and today it gave a gapup opening. The stock has also retested 445 levels today and looks strong for a bullish move. Do keep in radar and use this idea just for educational purposes. Kindly trade with your own analysis. Another stock from amusement park sector is...

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It looks like Nifty is forming a IVHS pattern on 15/30 min TF. The neckline of IVHS is around 17480-17500 levels which will be a strong resistance. RSI is showing divergence in 30 min TF which might indicate an upmove. 17200-17250 is the next strong support for Nifty which is very close to the CMP and hence, a short trade might not be a good option. However, US...

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The stock of Symphony has been following a descending triangle pattern. It has a strong demand zone near 800 levels and currently, its looking to give a bullish breakout from the trendline resistance. Next supply zone is around 1200-1220 levels. The company has also announced a buyback at Rs. 2000/ share. Also, the summer heat might help boost the revenue in Q4...

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CIGNITITEC has been forming an inverted head and shoulder pattern from last 1.5 years and is currently near breakout of the neckline. It can give a good upside move if a strong weekly closing above 639 levels is seen. Idea shared just for educational purpose.

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HINDUNILVR was in ascending triangle pattern since April 2020 and today it has given a breakout of the range with very heavy volumes. Very good stock with strong fundamentals and has always been in uptrend. FMCG sector is the best defensive sector that one can buy when market is in correction. One can easily expect 5-10% returns in short term as the closing is...

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Trent had given a big fall from 947 to around 840 in the past few trading sessions. But, today it has again picked up a bullish momentum with very high volumes. On the daily TF chart, a sharp reversal, a kind of Morning Star pattern from 23.6% retracement is visible & formation of cup and handle pattern with 945-950 being a strong supply zone which can be tested...

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QUESS has given IVHS breakout in daily chart and has also given a good monthly closing as well. Once it had failed to sustain the breakout but last week closing was a successful one. Today it has also broken its previous swing high of 888 and hence it is looking quite bullish. One might go long with a SL of 850 and targets of 925,960 & 1000++. Analysis is just for...