We have been following this stock from 83 levels in July when it formed a nice VCP pattern and was ready to move up. Then after a encountering a “BC” bar the stock was stuck inside the supply shadow of the “BC” Bar. After some consolidation and a “spring’ the stock started to recover. Now it has come out of the shadow of the “BC” bar and has crossed above the...
Finally the stock is moving in to higher territory. In August we expected the stock to move up . But that move failed. Now the stock is taken out the Price Rejection Zone with Volume support. Other key parameters like Relative Strength, Money Flow, Buying Pressure all supporting the move. The minor, medium and long term trends are all up. The stock looks good to go.
After facing Rejection around 280 levels, the stock retreated to below 50 DMA levels. After taking support from a previous Support Zone, the stock started to recover. Now the stock is attempting to take out the previous Price rejection Zone. The up move is supported by a positive Relative Strength, Volume and Money Flow. The Buying pressure is also positive. A...
The stock faced lot of supply after a “BC” Bar. After taking support at 200 DMA levels the stock recovered. Now it has successfully moved past the supply shadow of the ‘BC” bar. The Relative strength, Absolute strength and Money Flow are all positive. The stock is likely move up further once more volume enters the stock.
As anticipated in my last post the stock moved up. Up by 10% now. Negotiating another supply area now. All favorable conditions remain the same. Above 750 the stock will move up much further.
A stock to watch. In the month of July when we encountered a BC bar, We did expect that the stock will face supply and struggle to move up. The stock did face lot of supply within the "Shadow of the BC bar". After getting pushed below the 50 DMA the stock was on the recovery move. Finally it is attempting to move past the shadow of the "BC" bar. Relative...
CDSl – at ATH
The stock has now crossed the previous High made almost two years back and at all-time high. But We did catch the current up move very early at 1117 levels in late June. Refer my post of 29th June.
All parameters like Relative strength, Absolute strength, Buying Pressure, Continuous Volume support all indicate further upside. Even high delivery...
The stock after facing a “BC” bar retraced to the sub 50 DMA levels. Then recovered and moving past the supply shadow of the “BC Bar and making a new high. The relative and absolute strength are positive. There is also Money coming into the stock. The delivery volumes are high indicating committed buying. The poised to go higher.
The Stock is moving up after taking support from the 200 DMA. Now going past all the short term Moving averages.
Relative strength. Absolute Strength and Money Flow all Positive. Good volume support coming in as well.
The stock seems gearing up for move and Test 1450 levels.
More than 20 months of Consolidation. On the verge of Breaking out of the Consolidation zone. A nice long cup pattern formed. Possible the handle is being formed as well. A real Breakout will take the stock much higher.
The stock after a reversal is on recovery mode. Now making a Higher High and Higher Lows on Weekly and now on Daily as well. Relative Strength, Absolute Strength and Money flow all positive. The Stock looks strong to move up further and likely to test 576 levels.
On the chart this looks like a good bounce from the support area and 50 EMA. Look at the candles in the down move. As move proceeded the candle sizes reduced indicating that the momentum was reducing. last candle in the down move was a small spread bar with high volume. This candle is a clear indication the Demand was taking control. The next bar is a bullish one...
After multiple Rejection at 590-627 levels the stock is again attempting to take out this Rejection Zone. The Relative strength and Money Flow are positive. A good close above 627 levels with volume support will put the stock back in up Trend mode.
The stock retreated after facing supply. After some consolidation the stock is again negotiating the previous supply area. Volume support is also coming in. Delivery volume also increased indicating interested longer term buyers. Relative strength, Money Flow and absolute strength all in the green. A good close above 873 with volume support will put the stock...
The stock has been making Higher Highs and Higher low from the recent low. Now attempting to take out the previous rejection Zone. Good support in terms of Relative strength, Money Flow and buying Pressure. Also showing positive Strength. Above the short and long term moving averages in both daily and weekly. The Metal index is also supporting in terms of...
The stock has been has been rising from the low from the beginning of the year. It has been consolidating for almost two months. Also we saw "SPRING" pattern during the re-accumulation.
Relative Strength, Money Flow and Buying pressure all positive. Today the stock is trying to move out of the re-accumulation zone. A positive close with volume support above 502...
The stock was going through almost six months of accumulation. Then it broke above the accumulation zone and moving into the markup Phase. The Relative strength is also positive. Moneyflow and Absolute strength is also positive. The stock is likely to move move up and test the 690 levels. It may face some supply around 620 levels.
Nowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market.
Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a...
