praveshk2

praveshk2

It seems Bull run is over for many stocks PFC is newly added into my Radar. it may not go down instantly as has shown strength over a period , however seems has created high for now and now view is sideways to bearish.. as indicated on chart it appears - forming right shoulder follow up of today's candle (breakdown of today's candle) would be an additional hint....

praveshk2

USDJPY created ascending triangle on weekly, however looks consolidating at current level for almost 3 weeks if breaks and closes above 150.778 on daily can trigger further long till 151.944...and if closes below 149.891 on daily can trigger short..However a big opportunity can trigger if breaks 151.944 on weekly or gives selling signal around it.

praveshk2

Ultratech possible move soon..price contraction..view invalid if 1 hr candle closes below 9470..pole target around 12070

praveshk2

Currently on 1 hrs chart seems nifty broke out of ascending trendine connecting 16Jan/2Feb/7Feb..can give one more down move till aprrox 21800 before proceeding upside..VCP pattern breakout at 22124 can open target for 22500 / 22900.

praveshk2

As seen on 1 hrs chart trendline connecting bottom of 10Jan candle and top of 17Jan/2Feb/16Feb ..if BN closes above 46580 on 1hr chart could open target of 48330 / 48900...above 47200 could see quick rally of approx 800 point Till 48000, currently creating nice VCP pattern.

praveshk2

On purely technical analysis it looks like 2x to 3x on the cards fr SRF, tested 2098 level multiple times and creating penant pattern on chart, pole length started from approx 1030 level, so target for breakout of penant pattern is coming around 5600. On daily chart has already broken important level of 2362, for which immediate target is coming at 2477.

praveshk2

Another chemical stock from cash segment, which gave massive return after ipo launch abt 335% ..from low 143.15 to 623.70...breakout of ascending trendline can give target of 450 and 720 ...

praveshk2

A long consolidation, breakout level at 2510 on monthly closing , also look like forming small rounding base pattern which has range : high-3020; low-1728. Already creating HL, and going to do another HH, which could also be a Breakout of 2510 level.

praveshk2

Another chemical stock ..quite bullish..up frm 0.786%retracement..1st breakout of ascending trendline already done at 545, and another breakout of horizontal trendline around 600, for which target coming up around 786, which was support area earlier.

praveshk2

Nice VCP pattern, about to breakout on weekly closing above 2750.

praveshk2

Broken out of ascending triangle which indicates target of 4000 and 4500 ..risk reward is 1:4.

praveshk2

1067 gonna be its first support , second support could be trend line from jan21, and third support 891.

praveshk2

Taken support from trend line of Aug 2015 on 15 November and bounced back, anytime if falls more 252 gonna be its first support following by trendline from Aug 2015, current P.E. < Ind P.E, given 422.81% return in last 1 year, FII increased its stake in recent quarter, above ema20, all indicates a good buy option once market is positive.

praveshk2

Currently taken support of ema20 and trend line from jun21, below holding a great support at 803, if market turns green this would be the level for irctc to reverse upside, however currently rsi is below 60 and upside resistance at 954, so would be good level to buy once rsi is >60 and closes above resistance 954.

praveshk2

Continuously moving upwards in a channel and currently is on ema20 support any green candle with nice volume good market sentiment could be a good entry, however if seek support 4845 and 4735 will be immediate and strong support, and anytime breaks channel created with green trendline can result in quick rally and new levels.

praveshk2

Perfectly moving in a channel since new year break out happend 20 sep21 and sustained above channel for a month then market went down so Tata elxsi, however again took support of upper trend line of channel from February on 8 nov and this week retested the same, as per DMI last buying level given in may2020. Still quite away from ema20, however have been following...

praveshk2

Took support of trendline from October, and showed move against market trend, however below ema20 and rsi below 60 so might not see strong move until closes above ema20 with rsi 60 or more. Overall a good stock to hold.

praveshk2 Updated 

BBQ taking support of april trendline, if breakdown further can seek support at 1389 which also supported by fib retracement to1333 , if takes support of trendline level 1559 and goes up can seek 1st target of 1900 and then can trail stopless for further gain.