vikramsih

vikramsih

India Glycol CMP : 439 Ascending triangle price consolidation. Price at supoport level. Lets see where price breaks out.

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Nifty CMP - 14838 On 1 hrly it had formed a head and shoulder pattern. It gave a breakout above the neckline level of 14871. But it closed below that level. So it seems a false breakout. So Nifty can retrace to the lower red line. . But on 15 min time frame can see a falling wedge pattern. So lets see how nifty trades on 12.04.21

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Trigyn Tech . CMP : 71.15 A falling wedge breakout. Height of the wedge is 25 pts. So expecting a 25 pts upmove as tgt. Tgt 95. SL 68 closing basis.

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Philips Carbon Black : CMP : 207. For short term SL : 202. For medium term SL 191. Tgt 238.

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Fineotex Chemical. CMP : 66 Tgt 73.3. SL : 63 on closing basis

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Rising Wedge ??

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Navin Fluorine CMP : 2934 Negative RSI divergence is seen on hourly. Hrly closing above 2975 required for further momentum. Else can correct till 2852.

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Aarti Ind CMP : 1355 Ascending triangle has formed on hourly charts. Also a falling wedge can be seen on RSI. Triangle height is 106 pts. Once we get a breakout above the upper red line, we can expect a 106 point upmove. SL 1328 on hrly closing basis. If this is breached then the higher low structure would be broken.

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Ambuja Cements . CMP : 310.7 A rising edge pattern can be seen. Hidden negative divergence in RSI and price action. Close above 313 even on half hrly can be taken as stop loss. Tgt 298. For a slightly medium term outlook, We can see if the elliot wave count holds. If on downside 295 is not broken then we move to wave 5.

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MaxInd . CMP : 64.15 SL 61.38 on DCB. Tgt 68.47

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Navin Fluorine : CMP : 2755 SL 2673 on DCB. Tgt 2852

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Inverted Head and Shoulder pattern. TGT 770 .

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Alembic Pharma CMP : 955. It has formed a inverted head and shoulder pattern. Also the right shoulder is higher than the left shoulder. Low is 864 and neckline is at 937. So expecting upmove of 70 pts from neckine. TGT 1005. SL 940.

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Ambuja Cements CMP : 299 For very short term trend is up. It is making HL and HH. Keep SL 293 and keep holding. One red dotted line is broken we can see 306-308 levels.

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Amara Raja Batteries. CMP : 854. A close above this red trendline on 4 hrly chart will confirm trend change for the short term. Currently in downtrend.

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Hindalco CMP : 327.15 This stock has formed a Morning star pattern . So keeping a stop loss of 313 longs can be initiated. Immediate target is 333. Now if stock is able to close above the parallel channnel, then we can see much higher levels. This is a flag and pole kind of pattern and pole length is approx 110 pts. . Also why it feels that this time price will...

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Alkem Lab . CMP : 2648 Lower levels have been invalidated by price on 24.03.2021. Now price is going up . Closure above 2700 is medium term bullish. But near term trend has become positive. A small resistance at 2700. If that is taken out then next target 2794. Near term stop loss 2627. Medium term SL : Swing low of 2540. This chart is for educational purpose...

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Adani Enterprises : CMP : 989 934 to 945 is a good price to buy Adani Enterprises.