gnanasekarang

gnanasekarang Updated 

Observations: 1. Formed Triangle pattern (in this year 2021) - Support is raising with the same level of Resistance - indication to go up shortly 2. Went up shortly and pulled back to same resistance level (now turned to support) - 2nd confirmation to go up 3. Targets are specified in the charts above. Note: I'm not recommending buying this stock. This is for...

gnanasekarang Updated 

Stock Analysis Series - IRCTC: =============================== ** Daily Timeframe ** 1. Forming Descending triangle pattern - Resistance keeps reducing with the same level of Support (Rs.800) 2. In this market crash, Volume is below its moving average. let's wait and see if it reach Rs.740-750 range. 3. Rs.740-750 range is the deciding range for upside or downside...

gnanasekarang

Stock Analysis Series - Tata Power - Bearish - Wait =================================================== ** Daily Timeframe ** 1. Reached all time high of Rs.265 and started to fall ever since 2. IN this fall, we see a support in Rs.215 range 3. Now, we see a breach of this Rs.215 and expecting a downfall to Rs.185-190 4. From Rs.185-190 (entry point), we can...

gnanasekarang Updated 

Nifty 50 Stock Analysis Series - 7th stock - ITC -------------------------------------------------------- My Analysis: ---------------- ** Daily Timeframe ** ---------------------------- 1. was in channel pattern till 15th Sep and got a breakout, surged to Rs.260 with little retest. 2. Then, the correction wave (ABC) started and is in the C wave. It may reach...

gnanasekarang Updated 

Stock Analysis - CDSL: My Analysis - Daily Timeframe: 1. Increasing support found in the bottom of Ascending triangle - marked in pink color UP arrow 2. Flat Resistance level (Rs.1580) - marked in Orange color down arrow. 3. Rs.1666 - found to be breakout point as it is the 2nd green candle formed 4. Expecting 10% upside rally - Rs.1850 Note: I'm not recommending...

gnanasekarang Updated 

Nifty50 stock Analysis - Daily Timeframe: 1. Raising Support - marked in pink color up arrow 2. Reducing Resistance - marked in black color down arrow 3. Expecting a breakout at Rs.1760 level if we see another green candles 4. Last three green candles were formed with Open = Low price (no bottom wick) Note: This is for educational purpose only. I'm not...

gnanasekarang Updated 

My Analysis on TV18 Network: 1. Formed Ascending triangle pattern and looks like breakout happened with 2nd green candle(today) 2. Expecting 10% target of Rs.55 3. I bought this stock for swing trading for Rs.49.85 and expect a 10% upside in the next 1-2 weeks. Note: I'm not recommending buying this stock. This is for education purposes. This is my view, based on...

gnanasekarang

Stock Analysis Series - Motherson Sumi: (Bought for Swing Trading): =================================================================== My Analysis: ------------ ** Daily Timeframe ** 1. During the covid crash, it fell to a low of Rs.54 and rallied since then. 2. ATH is Rs.259 on 3rd June and started to fall gradually. 3. Forming Ascending triangle pattern with...

gnanasekarang

Stock Analysis - IEX: Daily Timeframe: 1. Current price is touching 50 MA - indicates a point to watch for a breakout. 2. Resistance is at ATH of Rs.292 3. BUY volume is spiking up in the last 2 days - need to wait and watch for two more days to confirm the breakout. 4. I assume this stock will go down further to Rs.190-200 range and bounce back. Note: I'm...

gnanasekarang

Stock Analysis - NMDC: Daily Timeframe: 1. Current price is well below 200 MA - indicates bearish region. 2. Multiple support ar Rs.134 3. Resistance reduce from ATH of Rs.203 thru Rs.180 and Rs.160. 4. After touching 4th support, three consecutive green candles formed with spike in BUY volume, which indicate to go up. 5. But, Rs.148 is the deciding point which...

gnanasekarang

Random Stock Analysis Series - Pidilite Industries My Analysis: ------------ ** Daily Timeframe ** 1. Jumped in May till Jul last week. 2. Current price is at 100 MA and slightly above 200 MA - indicating that this stock is in a bearish mood. 3. Since 19th Oct 2021, it is forming an ABC correction wave from ATH of Rs.2520. 4. In this ABC correction wave, it fell...

gnanasekarang

Nifty 50 - Analysis: ------------------------ Daily Timeframe: --------------------- 1. Current Index is below 50MA, at 100 MA and above 200 MA. 100MA touched Index in May 1st week and since then, it went up 28% to ATH of 18600. 2. Then, Index significantly fell 8.8% from ATH of 18600 to 17000 (1600 points) in 2.5 months. 3. Since 19th Oct, ABC correction wave...

gnanasekarang

######### Kirloskar oil ######### Month: 1. pullback for last 4 months - 50% completed after rally Weekly: 1. pullback for last 4 months - 50% completed after the rally 2. 29% fall from ATH since July and is matching with 50% in Fib retracement level Daily: 1. Current Price is below 200 MA - a bearish signal; Need to wait for Breakout 2. Main Correction...

gnanasekarang

Nifty 50 Stock Analysis Series - 6th stock - HUL: --------------------------------------------------------- ** Daily Timeframe** 1. This stock is trading in a channel pattern for many months. 2. Support and Resistance are increasing gradually for many months. 3. Currently trading below 200 moving average. 4. Ideal candidate for long-term (10 years) SIP investment...

gnanasekarang

Nifty 50 Stock Analysis Series - 5th stock - Adani Ports: ------------------------------------------------------------------ Weekly Timeframe: 1. Flag pattern formed with ATH of Rs.875 and low ATL (rally low) of Rs.360 2. Flag been waving since 02nd week of June 2021 Daily Timeframe: 1. Forming slightly Inclined triangle - No strong indication of the bull rally....

gnanasekarang

My Observation: 1. Formed U shaped fall-and-down pattern in this year. 2. Rally started and ended at Rs.3444. 3. Stock Price is ** At 21 SMA ** Below 50 SMA ** At 100 SMA Indicates to do monthly SIP for long term 4. Then Correction started with (ABC) pattern from last week of Sep'21. 5. Expecting this fall to Rs.2830 and start next rally. 6....

gnanasekarang

Hi All, Here is my Observations on Exide Industries : 1. For many months, Exide Industries is trading in a channel pattern, in all time frames. 2. In a weekly timeframe, its inclining channel from Mar'2020 to Apr'2021. 3. In a weekly timeframe, its declining channel from Apr'2021 to till date. 4. All ups are matching with rising buy volume and all downs are...

gnanasekarang

Hi All, My Observtion on HDFC Bank: 1. Triangle pattern formed since Feb '21 with supports mentioned 2. Breakout done @ Rs.1510 on 16th Aug and went up to Rs.1690 and pullback/retest started on 16th Oct. 3. It's fallen since then and has breached the previous breakout point. 4. Likely to go up from Rs.1500. Note: I'm not recommending buying this stock. This...