Category: Equity

After a Decent run from Rs 58 to high of Rs 106 it has consolidated and made a bull Flag on weekly Charts. It has given the breakout and volume is also supporting the same. Target for Manapurram comes out to be Rs 140 🙂 Buy on Dips 🙂 Chart is attached for your reference.

Tribhuvandas Bhimji Zaveri from Rs 60 touched Rs 102 levels and consolidated a bit to Rs 85 levels. Pattern on the weekly charts says it all.. The Target for TBZ comes out to be Rs 140 Levels. Recommendation – Buy on Dips Chart is attached below for the reference.

Crude has made Inverse Head & Shoulder Pattern on the hourly chart & Breakout has been done 🙂 Head is at $ 43.66 Neckline is at $ 46.45 So as per this pattern Target comes to $ 49.24 The chart is attached for your reference.  

Adani Port after a decent uptrend from 250 to 380 levels has made a Rising Wedge pattern at the Top with RSI (14) negative diversion. Sell Below 370 levels for possible for Target of 335 Learning – Rising Wedge Pattern & Negative Diversion Rising wedge is a bearish pattern that begins wide at the bottom…

Biocon is making a Bearish Bat Pattern and its completing its 4th leg, which can take price upto 380 levels. Biocon can be buy at dips. Learning – BEARISH BAT PATTERN

After a decent run from 325 to 377 level, Price has consolidated a bit and took support at 360 levels. Adani Port has made a Bull Flag Pattern on Daily charts. Break above today’s high with volume support can take price for a target of 420 Level. Keep an eye 🙂 Learning – Bull Flag…

After a decent downtrend from 720 level to almost 490 level, Sunpharma has took some breath but seems like that breath will not last long. There is a bear Flag Pattern made on Daily charts. If its breaks then next support levels are at 520-500. Below that it will start its prior trend and can…

After a decent downtrend from 515 level to 380 level, Tech Mahindra has shown some strength. Price has made a double bottom at 380 level, following with a classical positive divergence seen on a line chart. Expecting a move towards upper trendline which will act as a resistance at 410 level. Learning here – Classic…

Price action on Daily chart of ITC showing Bears taking charge for very short term correction. Price has started consolidating between a descending Triangle. So one should look to short for Target 300. Buy will only be above 317 levels as of now 🙂 Will update for best Buy possibility 🙂 Daily Chart of ITC…

S&P 500 Index after making a new high has now started showing some weakness. RSI 14 Negative Diversion is clearly seen on Daily Charts. Price action at the top also suggesting that Bears are taking charge. For Short term, I’m expecting that Price should retest the support zone of 2400-2360 levels. One can go short…