manuagarwal21

manuagarwal21

Wipro at weekly support. 47% down from ATH. Rsi oversold, followed by positive divergence. Observe price action in this zone, ( 374- 408) - stock might bottom out here.

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HDFCLIFE witnessed a breakout from a horizontal trendline and extended gains to a high of 581. Due to the sharp rise, there was a profit booking, and the price might retrace to the breakout levels , which would now act as a support zone (565-568). This retracement can be a good opportunity to long in the stock with a good risk reward.

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From the past two trading sessions, the Nifty has been opening weak( gap down), but closing in positive. The price action somehow suggests that there are buyers sitting in the range of 15800-15600. Intraday support levels for tomorrow are 15720- 15750, if these levels are held, we might see it moving towards 15900 - 16000 levels fast. Major resistance @ 16350-...

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Nifty opened gap up. Did not sustain the move and closed near its low. Though it managed to open above the support turned resistance zone i.e 15600-15800 and also managed to close above this zone. Now for tomorrow, how the market would open would decide the trend for the rest of the day. Gap down opening- could take nifty towards 15600 levels. Flat opening -...

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There is a shark pattern formation on the weekly chart of LUPIN Ltd. Chart structure is still weak, though we can see some positive price action at the harmonic pattern support i.e 590 --600 Sustaining the same, we could see some bounce in the stock uptill 700 levels initially.

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As expected in the last post(linked), we have seen further weakness in the stock and still, the price structure of the stock does not look promising. Immediate resistance for the stock: 705-720 Immediate support at 655-650

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Sbi card is moving with lower highs and lower lows formation since August 2021. The stock has broken its important support levels around 800 and is resisting it for the past two weeks. This week it opened with the gap on the downside and saw follow-up weakness. Going ahead, the 770- 800 zone would act as a strong resistance for the stock and we could also see...

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Nifty opens slightly gap @ 16474 vs yesterday's close at 16416. Nifty saw a sell-off initially in the first hour, though took support at the levels . Nifty bounced sharply from the support levels ( 16340) Nifty then took resistance at day's high, saw a selloff from there, and closed near day's low. The nifty structure still looks weak and the sell-off can extend...

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India's Largest Insurance Provider Owned by Govt of India IPO was subscribed 2.95 times Listed at Discount on 17 May 2022 Listed in the large-cap category It is assumed that the poor listing of the stock is because of the adverse market conditions, but charts are telling a different story and also indicate further weakness in the stock. Since the stock is...

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#M_M: CMP - 1047 Monthly Breakout - trading at all-time highs. Price action in alignment on all the timeframes. Likely to continue the momentum. Probable Targets: 1100 - 1150, 1300 Immediate support @ 970-990

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Nykaa is one of India's leading specialty beauty and personal care companies and also forayed into the fashion segment, which is now a significant part of the Nykaa business. It has acquired 6.6 million new customers this year . Nykaa is working on faster delivery of packages to the customers by opening new regional warehouses, making investments in rolling out...

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The stock is trading near-monthly and weekly price support i.e 2930-3020 Keep an eye on the price action near these levels for any bottom/reversal formation. Bullish divergence near these levels can be seen on the daily chart. Wait for more such positive confirmation in price action for initiating any positional trades in the stock with great RR.

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HDFC LIFE looks good, on all the timeframes. We could see it closed well in the last week, forming a bull candle, that closed near its highs. Now sustaining 560 levels, it could move towards 670 levels in the coming weeks.

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Godrej Consumer has been consolidating near support from the past few sessions. Sustaining 750 levels, stock can move towards 900to 920 levels.

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The stock has been consolidating in a small range near the previous resistance area { 381- 384] for the past few trading sessions. There are chances, that the stock is probably getting ready for a breakout. A break above 384 levels can take stock to 390- 400 levels in the coming sessions. Type of trade : swing Trade at your own risk

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There is a Shark pattern formation on the weekly chart of Crompton Greaves. The Stock has been holding the first Prz zone of the pattern for the past many weeks. There are many ways Shark pattern can be traded, I am sharing the easiest method that I follow mostly One can Enter a limit order to buy between the 88% and 113% retracement levels. (looks for...

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There is a formation of the Shark pattern on the daily chart of the Larsen & turbo. The first Potential Reversal Zone of the pattern is at 1625-1636. The second PRZ stands at 1550-1560 Keep an eye on price action around these levels for catching a reversal or pullback trade. Weekly support of the stock also coincides with this pattern, making it an...

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Today's Price Action Opened slight gap-up. Resisted at previous support turned resistance . Traded within the range of the previous candle. Support at 35530-35410 Further Resistance at 36920 - 37050. Price action still looks weak, chances are still high that we could see further sell-off to the next support levels. Recovery can come only if the price opens...