Panasonic Carbon move after retracement It has been a slow runner and with breaking the downward triangle on the up and retracement , it has started with the move to break the previous high that was there. So with current moment it can show some good move of levels of 540-647-757 if good volume is seen. Its with the base of 492-434. No recommendations, just my...
Jubilant Ingerva expecting some major move. It has been on the down since long and seems to be in accumulation phase in recent past. Has shown 2 indication to break the current resistance of 513. If this level is broken and sustained with good volume then might see some move with the levels of 538-585-609-658-708 all based on volume. It's base levels are at...
SJS enterprise has been hovering around the resistance levels. In the chart I have drawn line of resistance, which once broken decisively can give good upmove. Volume should be a major thing to check to see if any upmove will sustain or not. Currently it has been less volume in past few months but a good volume can make it go past the levels of 637-661-736 with...
Excel Industries has been in the down trend since long. Forming a downward triangular pattern and is nearing its line. On drawing the resistance line, it currently seems to be at the support points of the triangular pattern, pivot levels and the from the chart. Personally see this moving north since is at a 3 point support level. Expecting limited downmove and...
Globus Spirits has been in down trend for quite sometime, now it is nearing a multi point support around range from 650-660. Personally, I feel it should show some positive move in the price up to the levels of 706-750-812 with base level of 652 and strong base at 553. Can move more of Volume is supported since its near long term support. Need to also watch if it...
Jubilant Ingerva nearing the breaking of resistance level . It is a slow runner. It had been in the down trend from quite some time. With it breaking the support, it tried to break in the first attempt and failed to sustain which at this time gives it more probability of crossing the resistance in the second attempt. With Fibonacci level in place, minimum targets...
OFSS chart 150% move in a year💥 Fibonacci levels played so well in this chart pattern and great move after the 50% Fibonacci levels. Lines drawn an year back aged well and now it shows how chart resists on those levels of 8200 levels. No recommendations, just my view on the chart that fetched great result.
PEL has been a slow runner. Currently on a monthly chart basis it is forming a doji kind of pattern at the Fibonacci levels of 38.2% which is based on the high and low of the chart . Expecting some trend turnaround on this one atleast for short term. With such a pattern I personally expect 2 levels up on the Fibonacci levels which are 1042-1211 on a monthly...
JSW Steel long indications Stock has been moving along with the support lines since a long time, now showing some momentum on the up from those lines. Red line is very long term resistance levels. Looking for previous high of 893 to break for it to show some new highs with levels of resistance at 1050-1070. Only if it sustain then can give good momentum. If not...
Amrutanjan finally gave a gap up move on a weekly basis . Had been long since falling from Nov 21. Finally a good pattern formed that can show some good momentum. Levels I am looking at is 688 as immediate resistance and then 747 which is the black line on the chart is a good resistance. If it breaks that and sustains then up levels can be 841-902-989-1014 with...
MRF at the Top, awaiting cooldown. MRF has given consistent performance and given almost 100% return from my previous post on it. Since it seems to be on the upper end of the short term channel expecting some correction in it with the levels of 128600-121620-116800 . Also Depends on the overall market conditions. No recommendations, just my view based on chart pattern.
Glaxo meets has been performing consistently well in past few months time and might pause for a while it seems. It will either be time correction where it will remain in same level range for some time or price correction like a retracement of the price after the impulsive move. Eventually long term trend seems positive but in short term like a daily timeframe it...
Diamond DYD reaching upper end of the channel nearing breakout It has been on an up move since few weeks and showing momentum that it might cross the upper channel. The channel started forming from the 2020 timeframe. With it moving up and sown in the channel, in recent times it has shown some good volumes. In near term it has a retracement and took support of...
Excel industries almost crossing resistance Current at the levels of 950 levels and seems to be showing some momentum to move up. But the volume has to come in to play for it to break , sustain and give a big up move. If it breaks and sustains then the levels where it will again resist is 1060. Once it crosses and sustains above those levels is when we can...
Alicon castalloy seems to be crossing resistance levels. It has been in time correction since long and is showing some momentum to pick up and cross the resistance levels. Need to have good volume to support the move. If it sustains then can see the Up levels of 990- 1110 and more depending on the market conditions. Base levels at 754-645-592. No...
SIS has been on down ward channel since long and currently showing some signs of breaking that long term resistance levels where it is tested multiple times. It's the down trend line which is trying to break. Need to get some good volume for it to breakout and if it sustains can give good up move on the charts . From current levels we can it can go to the levels...
Silvermic at short term support Currently near the support levels where it's testing the support line. Expecting some short term upmove if condition sustain. Fall of around 10% so expecting short term upmove or a pause before the fall. 73200-73700 if not then can see a downmove. No recommendations, just my view based on chart structure.
Sreeleathers near resistance levels. Earlier it had clossed the resistance momentarily but back to up levels where it can break the resistance only if the market conditions and volume on it is favorable. Levels on the north would be 384-456 . First seems to go down as it has already run from 200 to the currentevels and then some nortward move with the base...