VARUN BEVERAGES - update Look at the chart structure here. Yesterday was a panic sell day and most longs ended up winding their positions out of fear. Check the price action today. Aggressive buying seen by bulls which pushed the price out of the channel. Look at the volumes, nearly 5X. Since it has closed at a very strong resistance today, I would urge...
COLPAL - Smart money accumulation Look at this structure. The price has been consolidating in this range whereas Aroon crossover has already taken place. Aroon indicates a further up trend from here. Suggestion - Enter only above 1740 daily close, SL as red line.
We have a breakout and retest followed by a Pin bar candle. This indicates the presence of bulls. The trend should continue up from here.
1. Divergence with RSI on daily TF. 2. Still has not not broken the July candle range. 3. Look at the RSI. It has always taken an up thrust whenever it has come near the demand zone. 4. We have a similar formation in the stock this time. The trend might reverse from here. These are my insights. I can be wrong as well.
We have a cup breakout accompanied by a retest. Also note, RSI has shown similar trajectory. The stock seems to be a good pick for short term gains. View negated below support zone close.
1. Look at RSI. It has already breached the mountain hill and shown strength. 2. The same strength is yet to be shown in the stock. 3. The stock satisfies the 2 Bollinger band strategy. 4. The stop loss is mentioned. NOTE - Highly tradeable set up.
TATA MOTORS (DAILY) 1. The recent rally was due to 5*21 EMA crossover. 2. We have a breakout from a high resistance supply zone. 3. A pin bar formation at supply zone & POC indicates presence of bulls. 4. The next resistance can be felt at 330, 343 & 360 levels. POST 360 Breakout, good momentum can be experienced.
Volatility contraction & breakout. The set up is poised to make new highs. It satisfies the 2 Bollinger band strategy that I use to go long. The SL is mentioned.
RAIN INDUSTRIES - Our long term investment pick. Look at the overall structure. It is forming smoothed cup on larger tf, whereas currently it is travelling in a cannel, whereby the bottom has been made a few weeks back. According to me, it will obey the cup structure or 21 EMA on weekly basis and develop slow & consistent pace and breach the cup. VERDICT - A...
Multiple confirmations - a) Aroon crossover b) 5*21EMA crossover c) Inverted Mountain hill breached.
Multiple confirmations - a) Aroon crossover b) 5*21EMA crossover c) Inverted Mountain hill breached. d) POC support. Poised to make further gains
The stock gas maintained a good support at 50EMA. Also, note how the stock bounces every time from 50 EMA support. The recent pullback was very weak and came down with null bear volumes. The next bull run should be strong
Look at this structure. Price has always faced resistance at the channel top. No suggestions to go long over this setup.
Look at today's bullish formation. This shows strength in the structure.
TINPLATE - 1. Forming a cup structure. 2. Recent breakout inside cup. 3. Coming back for a retest on weekly TF. Accumulate it up till 260 levels with a SL of 21EMA. A breakout post 320 will be massive. P.S - This is a less known TATA stock FII have increased their holdings from 0.73% to 2.42%
Accumulation, consolidation & breakout! Buy for 240 target in short term.
Took a huge exhaustion from 104 levels. Came down with low bear volumes. Found support at 200 EMA Low risk, high reward entry at CMP. SL - below 200 EMA close.
NOCIL - Potential 25%. Entry - 290 (daily close) SL - 260 (CLOSING BASIS) Target = 347