virajmokadam

virajmokadam

1. Structure is still LH-LL on Daily TF. Descending channel formation. 2. Today pharma sector has shown good momentum all major stocks participated but SUNPHARMA was lagging. It should show good up move tomorrow if pharma sector continues up move. 3. Today price closed near 50 DMA with a hammer pattern. It can break it. 4. INTRADAY - If price moves above 600...

virajmokadam

1. Structure is still HH-HL on Daily TF. Double top on support level 1773. 2. In mid-to-long term I am still bullish on stock till it hold 1700+ closing. This is a good time to accumulate for next up run. 3. In short term it is bearish and could be shorted in intraday. 4. INTRADAY - Price below 1770 is bearish but let it cross with high volume. I would let it...

virajmokadam

1. Structure has changed to LH-LL for last 50 days but I still won't say this as bearish as last major buying area was 390-400 and its still not broken. 2. Price is below 50 DMA & below VWAP so looks like short term bearish. 3. Price is very near to good support 408/407, if this breaks then we can take a short trade till 400/399. 4. In major falls IT sector has...

virajmokadam

1. Structure has changed to LH-LL. 2. Price is below 50 DMA & below VWAP so looks like short term bearish. 3. Below 116 its bearish, till 123 its strong resistance and need to break it will good volumes to sustain above it. Till that time its bearish. 4. Price gets rejected from 20 EMA on daily basis and we can see mostly red candles. 5. Price 108-110 is...

virajmokadam

1. In descending triangle pattern. 2. Price is mostly below VWAP and 20EMA. 3. In last 4 days most of the wide range candles are RED. 4. During last 4 sessions the last 30-45 mins see very high volume as compared to full day. 5. These high volumes candles on 15M TF are mostly hammer pattern. 6. Stock recently made ATH at 679.40(16th Feb) and from their it had...

virajmokadam

1. Weekly TF - Last week long tail but previous to that 3 weeks long wicks. This shows lot of supply/resistance above 15037. 2. Daily TF - Major resistance at 15400 which has been tested 2 times. Major support at 14500 which has been tested 3 times. NIFTY50 is forming a double top. 3. No Trade Zone - 14500 to 14760 for any long or short trades with overnight...