karthikmarar

karthikmarar

The stock saw a huge fall of about 50% from a high of 359. From the bottom, it has been struggling for almost a year to reverse the trend. And of late, you can see the attempt to move up, seeing some success. You can see a break of structure in the daily and now a break of structure in the weekly as well. The relative strength is also positive. The money flow...

karthikmarar

We can see Contraction in Volatility Volume Spread Also we see clustering of Closes. The spring is being compressed for a explosive move. Probability seems to favor a move on the upper side.

karthikmarar

In early January, the stock faced rejection around 2520 levels and it retreated to sub 200 DMA levels. From there, it recovered. In early May, it made an attempt to take out the price rejection zone. There was a move on very high volume. Unfortunately, that move did not succeed and it was pushed back below into the supply shadow of the BC bar which happened on the...

karthikmarar

The stock is trying to move out of the price rejection zone after nearly four months of sideways move. The relative strength and the money flow are also positive. The volume has been increasing in the recent past and the volume adjusted momentum is also turning positive. All the conditions are favoring the stock to take out the price rejection zone. Once we have a...

karthikmarar

The stock has finally moving past the Price Rejection Zone with good volume support. The relative strength is positive and increasing. Money Flow is also turning positive. The Stock looks poised to move much higher.

karthikmarar

Today, we saw a substantial fall in the Nifty. The nifty has been weak in the recent past and the weakness was pronounced this week. The Nifty has been moving in an upward inclined channel for almost six months. And recently, we saw a double top formation. Now the Nifty is approaching the baseline of the double top formation which is around 21710. Now the nifty...

karthikmarar

After a long sideways move the stock is now attempting go on upward trajectory. Creasing relative strength and Money flow is supporting the up move. Momentum and Buying Pressure are also increasing. Recent increase in delivery volumes indicate good amount of accumulation. Today's ultra high volume is reason for caution. Once we have a positive close above 343 we...

karthikmarar

The stock is attempting to cross the previous Rejection zone with Buying Climax like Bar. Relative strength, Money flow is positive and increasing. Delivery Volumes in the last two sessions has ben high. If we have a good quality close above 1108 the stock will move much higher. Need some caution here because of the Very high Volume “BC” bar. The BC Bar supply...

karthikmarar

The stock was pushed to sub 200 DMA level after facing Rejection around 840 levels. Now the stock is recovering making Higher lows and Higher Highs. Absolute and Relative Strengths are positive. Money is also flowing into the stock. Delivery volumes have increased. The stock likely to test the 840 levels. A quick short term 20% move possible

karthikmarar

The stock has now successfully taken out the Rejection Zone with consecutive Bullish Effort to Move up Bars. Quality Buying seen with increased Delivery volumes. RS and Money Flow has be strong for some time. The stock likely to move higher now . A test of the Rejection Zone is also possible before the up move.

karthikmarar

Nice consolidation pattern, although not a bookish one. A stock to watch. RS and Money Flow are positive. Momentum is coming in. Increasing Delivery Volumes. A Bullish close above 285 will send the stock into a new orbit.

karthikmarar

The stock after a long consolidation for 10 months is finally trying to move out the consolidation zone. The Money Flow and Relative Strength are slowly turning positive. The buying pressure also was quite high in the recent times. Looks like the stock is on the way to the next wave of up move.

karthikmarar

After a substantial down move to sub 200 MA level, the stock is bouncing back. Now it is crossing above the supply line. The Relative strength and Money Flow turning positive. Increasing Buying Pressure. Increase in Delivery volumes indicate some longer term interest. With a positive close above 1916 the stock will test the previous Rejection levels ( 2343-2200 )

karthikmarar

The stock has been moving sideways after facing rejection above 1720+ levels. Bouncing from support zone and crossing above converging short-term moving averages on high volume. Money Flow turning positive and Relative Strength on the verge of turning positive. Today's Delivery volumes were very high, seven times the average indicating longer term interest. Now...

karthikmarar

After facing a rejection at 925 levels the stock retreated to 200 SMA levels. Taking support at the 200 MA level the stock is attempting to bounce back. It has crossed above the 200 and short-term moving averages. It has also crossed above the supply line. The last two bars with wide spread up bars closing up indicating good quality buying. Recent increased...

karthikmarar

The stock seems poised for move to higher levels. Attempting to cross the previous Rejection area. Relative strength and Money flow seems to assist the move. We can see accumulation in terms of increased delivery volumes. A good bullish close above 579 will take the stock to higher levels.

karthikmarar

The stock is moving into the next orbit after some re-accumulation, a nice spring / Shakeout. All supporting parameters are positive as evident from the chart. The stocks looks ready to move much higher.

karthikmarar

The had moved out of a long consolidation moved out of the consolidation zone last November. Then again after two months of consolidation moving up again to the next step. Good volume support also seen. Relative strength and Money Flow is also positive indicating possible further up move.