BAJAJFINSV bounced back from trendline support with a Bullish Engulfing Candlestick Pattern. Fibonacci 0.618 retracement can also be observed at the trendline support. A close above the horizontal resistance will take the stock to the supply zone at 7600.
RBLBANK MAKE DOUBLE BOTTOM AROUND 600 TO 625 LEVELS...ON 26TH JUNE IT HAS GIVEN BREAKOUT OF 625 LEVELS AS WELL. AS PER PRICE THEORY NEXT RESISTANCE LEVEL IS 640 GOING ABOVE THAT LEVEL STOCK CAN EASILY GO TO 680 BECAUSE OF FALL START FROM 680 LEVELS AND IT WAS VERY FAST SO RISE WILL BE FAST
Hul have corrected stock in last one month now it is consolidated at bottom so in HUL bottom seems to be there and we can go long above 1676 till 1700 to 1710 levels
Asian paint make top 1520...at that top level stock going to loose momentum and tested 1500 level 3 times today it broken that level...
NSE:ICICIPRULI is approaching a very crucial long term trendline resistance. There is a prior gapdown, Monthly Pivot R1 and Fib 0.618 acting as confluence of resistances. Highest Call OI is at 340 strike price. For more updates join our telegram channel t.me
NSE:BEML reversed from strong resistance zone 940. Monthly Pivot R2, Natural Resistance, highest call oi at 940 and shooting star pattern
NSE:BAJFINANCE is near strong resistance. Trendline resistance, Monthly Pivot R1, Highest Call OI at 2800 and dark cloud cover candlestick pattern
Grasim formed a double bottom chart pattern with central pivot acting as neck line. RSI Bullish Divergence can also be seen. All that is needed is a candle closing above central pivot point with good volume and +DM crossing over -DM.
NSE:BATAINDIA is good to short below 1270 with 1330 as SL. Target 1143-1026. It is exhibiting Bearish AB=CD, Yearly Pivot R1, RSI Bearish Divergence, Highest Call OI at 1300 and Dark Cloud Cover Candlestick Pattern.
1550 is a confluence of supports with horizontal, trendline and 50 EMA support. Highest Put OI is at 1500.
Symmetric Triangle in formation in Titan with Central Pivot, Bollinger Upper Channel, Fib 0.5 acting as resistance. Prior trend is slightly bearish.
NSE:TATACOMM is exhibiting Bearish AB=CD pattern with 600 CE having the highest OI. A bearish Candlestick pattern with its high touching 610.5 will confirm the pattern. Join our telegram channel t.me
NSE:TATACHEM has formed double bottom chart pattern with 573 as its neckline. Highest Put OI is at 560. If the stock can sustain above 573, it can go until 620 on first hand. Join our telegram channel t.me
NSE:RAYMOND is facing resistance near long term trend line and supply area is in between 790 - 830. 825 is the monthly pivot R1 with 790 as fib 0.618 resistance.
NSE:HINDALCO is approaching a longterm trendline resistance with fibonacci 0.618 at the same zone. Sustaining above this line will take the stock to 212. U-turn from here will take the stock to 190.
NSE:CEATLTD formed double bottom pattern with 1138 as its neckline. RSI Bullish Divergence can also be seen with pivot R1 of this month and prior gapdown acting as resistance. Highest call OI is at 1150. So, based on above observations NSE:CEATLTD will be bullish if it sustains above 1150 with good volume. If it reverses from R1, it can fall until Central Pivot Point.
NSE:ACC looking bearish as it approached major resistance level of 1500. Trendline resistance, Supply area, Pivot R1 of this month, Fibonacci 0.618 are acting as confluence of resistances. Highest Put OI at 1500 strike. A bearish candlestick pattern will confirm the reversal and bearishness. If it reverses, 1394 is expected.
Jublfood is sitting right at confluence of trendline supports and Fibonacci 0.618 support.