varadtambolkar

varadtambolkar Updated  Jun 17, 2022

Simple Range break Earlier Range breakdown failed. and aggressive buying emerged. Stock comfortable above 20 SMA SL 780 target 940

varadtambolkar Updated  May 13, 2022

Breakout of falling wedge pattern. Good Reversal pattern Volume on breakout. Retest complete. Safe entry level 397+ This will confirms first higher low after breakout SL 357

varadtambolkar Updated  May 4, 2022

Nalco took support for the fourth time on the trendline, & approaching the resistance for the 3rd time. Stock has is spending time at supports. Hence chances of entry after a proper breakout and Retest is unlikely. Current entry before breakout is available at Low risk point. Keep SL 107 Cup & Handle pattern is taking shape Stock is also approaching its life...

varadtambolkar Updated  May 3, 2022

Auropharma trading in falling channel. Inside bars just below upper line of channel On daily holding 20 SMA Contracting on daily time frames SL at 645 Targets 770/820

varadtambolkar Updated  Apr 8, 2022

Simple inverted head n shoulder pattern. Location of pattern at strong supports. For breakout trade SL at 570

varadtambolkar Updated  Apr 6, 2022

NTPC has narrowed down on both daily & week time frames. As it is sustaining above 20 SMA on both aily & weekly expecting an upside move. Below is the weekly chart. Keep SL at 126

varadtambolkar Updated  Apr 5, 2022

4 year old neckline approached with good uptrend & increasing volumes. Last 6 six months making higher lows & took third touch on trend line. This increases possibility of breakout. SL at 125 on weekly basis 10% risk.

varadtambolkar Apr 4, 2022

BHEL has tested the trend-line formed during the march 20 fall for the third time, After third touch usually big move triggers, SL is lesser and probability of hitting SL are minimal. Here SL comes around 45. Already BHEL is in strong support zones of 2003, taking support at the breakout levels of 2003. Check Image below These are the levels where you...

varadtambolkar Updated  Mar 17, 2022

Simple range breakout expected. Stock already in higher high higher low formation on large timeframes Good consolidation of 5 months, after a healthy up move. Stock entering into expansion mode after contracting for last few weeks. check image below. SL is wide at 1020 around 12 % form CMP. Risk can be managed by reducing quantity and keeping risk limited to...

varadtambolkar Updated  Mar 4, 2022

Nifty after a good run since April 2021 started to contract. As evident by the trend line the price movement is getting narrower. The move can be played by the trend line support & resistance. As seen upper trend line has been tested twice & lower trend line has been tested 3 times. eventually on the fourth time the trend line as tested with lower high and the...

varadtambolkar Updated  Mar 4, 2022

Simple 14 year breakout from consolidation. Expect Super gains. Stop loss is deep and reward is much bigger.

varadtambolkar Mar 1, 2022

Escorts moving a narrow range since 3 months. There are trapped buyers who entered after 1900 level breakout, but the breakout failed which was much expected as stock had already rallied continuously since 1200 levels. In last week stock corrected with market, but the dip was aggressively bought and stock came back in the 1800-1900 band. While doing so it tested...

varadtambolkar Updated  Feb 19, 2022

Balrampur Chini forming a symmetrical triangle pattern. 3rd touches on lower trend line, shows strong supports 4th touch show the trend line is tested multiple times, and it is becoming weaker. Stock has contracted in recent days with drop in volumes, soon it will enter the expansion phase i.e pick up momentum volumes Expecting a breakout on upside. SL 416 Target 490

varadtambolkar Feb 18, 2022

Cummins gave a structural breakdown in Sept 21, but it lacked follow up. Given the breakdown the stock should have reached much lower levels. The stock has formed a base 878-1000 levels and moving towards the upper end once again. Previously stock faced strong rejection. Strong rejections when crossed create strong moves. One longer time frame charts, Stock is...

varadtambolkar Updated  Feb 9, 2022

Adani enterprises has moved out of narrow range. ( Channel by black lines & Blue shadow) Earlier attempt to move out of narrow range failed, making a rejection high at 1629 levels ( dotted line ). Now the stock has crossed the rejection high at 1629. On daily charts check image below Resistance at all time is at 1713. Before making a new life high stock might...

varadtambolkar Feb 3, 2022

HSCL moving out of accumulation zone. After accumulation for 2 years, stock gave a breakout and will enter the mark up phase. High volumes during accumulation phase shows, the stock was accumulated aggressively. Hold for few months more than 6 months for bumper gains. Refer link below for various phases.

varadtambolkar Feb 2, 2022

Stock moving in narrow range. Volumes have increase in last few sessions. There is also pause in momentum. (Check attached link for similar idea) This shows we may see a good upside soon, breakout from narrow range. Stock is holding at good supports, taking a breather after previous rally. Check the location of narrow range On monthly it has made new...

varadtambolkar Jan 25, 2022

Simple box breakout awaited. ( blue box ) Stock is consolidating since a year from Jan 21. Axis bank is currently is the strongest of the large cap banks, Bank nifty index corrected around 7 % since the 12 Jan 22 compared to it Axis bank corrected 8.5%. Interesting par is Axis bank has reached the price as on 12 Jan 22 today compared to bank nifty which is still...