Moving Averages

Prakash Industries, setting up from strong sector -One simple horizontal line setup -Volume kicking in -Strong Sector -Iron n Steel (Metals) -Signal candle (white dot, when more than 5% move with more than 1M volumes) suggesting big players are buying

by takmanish007

MANKIND PHARMA, Fresh breakdown with a strong momentum.After the break of structure the price has successfully retested the upper levels now we have a fresh breakdown with a strong momentum. The price could test the lower levels of 2,056 and on my probability scale it is more than 55%. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ADANIGREEN, Technical Outlook With a bearish cross of bands the price has been trading in the negative zone. From these levels the price could give a short trade of 9% to 10%. The level of R1-1,870 can be used as a maximum stroploss level. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

TATACONSUM, Breakdown of Descending Triangle Pattern The price has given a strong breakdown of Descending Triangle pattern. Also the degree and nature of separation in bands also indicates a downtrend. Hence we are in a downtrend and the price could test the lower levels of 1,048 and if broken then 1,028. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ITC Technical Outlook, Support Broken with a strong momentum Today an important support of 423 has been broken with a strong momentum having RSI below 40. The price could test the next support level of 414 and if broken then we go for 400. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

PNB, Intraday View for 21-June For 3 consecutive trading sessions the price is strongly rejected by the level of R1-130. Still the price is trading in the positive zone. There is no change in the structure and in levels. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Nifty on Radar, View for 21-June The price has been following a divergence pattern between rsi and price. Today the price is rejected by the previous candle high. The breakdown of the level 23,334 could start a downtrend. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

STEELXIND Channel & Falling Wedge BreakOut Steelxind had earlier given a channel breakout on 1D timeframe with higher volumes. It started consolidation after breakout and is now attempting to breakout from a falling wedge pattern on 1D timeframe. Go long after bullish closing confirmation. Follow stop loss rules.

LICI, a strong name about to breakout?LICI is consolidating for almost 130 days (Good period of consolidation) after giving 100% move in 80 days. -In DTL, BO anticipation if retest again. -Good shakeouts -1003 good support (AVWAP from ATH)

by takmanish007

Nifty on Radar, View for 20-June After making a new high the price has closed below the trend line. Also the formation of divergence between the price and rsi has formed. The probability of a retest is very high. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

PNB, Intraday View for 20-June Today we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Radico Khaitan, Long Base Breakout Radico Khaitan, a major alcohol manufacturer in a very long base(~200 days) Long base = Big Breakout (check recent example Gravita India) -Kind of Inverted Head n Shoulder too -Good shakeout of 200 dema too -Recovered fast from 4th june fall with good vol and price action.

by takmanish007

PNB, Intraday View for 19-June There is no change in the structure and the price has failed to close above 130. But the price is still in the positive zone. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Nifty on Radar, View for 19-June Today we have a small hanging man candle on the top of the trend and with this we have a breakout of the trendline. But still I will go for the Intraday trade, I will not carry any overnight position. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

AB Capital, One Simple Horizontal Line setup Monet management related stocks performing good. -yesterday gave wick, hunt down many stoplosses -came out from long base -good shakeout (50 ema)

by takmanish007

"🚀 Castrol Stock Analysis: Bullish Signals & Targets 📈 NSE:CASTROLIND Technical Analysis (Week Ending 16th Feb 2024) Closing Price: 💵 207.70 Parabolic SAR: ✅ Buy Signal @ 186.55 EMA & MA Crossover: 🔄 Pending (Bullish Trend Support Expected Soon) MACD: MACDR: 📊 6.95 (Crossing Signal) Histogram: ➕ Positive @ 0.05 Stochastics RSI: 🔄 K51.90 ➡️ D35.58 (Oversold Zone Exit) %R (Williams Percent Range): 📈 Upward Trend @ 21.52 Fisher Transform: 🐟 0.58 (Bullish Crossover Mid-Range) 🎯 Targets: First Target: 🎯 213.55 (Recen

KSB, near major resistance KSB from strong industry Pumps (check how Shakti Pumps, Kirloskar Bros, Roto Pumps are performing) -one simple horizontal line setup. tightness there too. good shakeout

by takmanish007

PNB, Intraday View for 18-June During the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Will Ace construction will race?-Good EPS growth, thats what always look for. -73 days consolidaiton under major resistance, breakout can initiate good above move.

by takmanish007

Thomas Cook, one simple horizontal line setup Traveling is booming in India post covid. And travel companies are enjoying this piece of pie. -Posted growth YoY EPS growth, OPM% also improving. -Near Major resistance, under which it is consolidating for 50 days (good consolidation) -Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and Rally) -Tightness near resisantance. -Signal Candle (5th n 7th June candles are white dot, which is more than 5% move with 1M vol) suggesti

by takmanish007

BSE, will it breach this AVWAP?Lets learn new thing: AVWAP (stands for Anchored Volume Weighted Average Price): the average Price of a stock weighted by Volume from an Anchored point (swing low or swing high are good anchor points). Think like moving average but volume also include (not entirely true but to keep easy you can think like that) so it become more powerful as it involves both price and volume. Now come to BSE, check white AVWAP how it was major resistance and gave fake breakout too. But when it breaches, it ga

by takmanish007

SHREE CEMENT, Gravestone Doji is formed at the top.After a swing of 18% now a Gravestone Doji candlestick pattern is formed on the top. The breakdown of 26,825 will open the lower levels. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

TITAN, Breakout of Structure The price has given the breakout of the structure. Also RSI is above 60, so the probability of an uptrend is very high. The next Important Level is 3,838 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

JINDAL STEEL & PWR The chart is self-explanatory and is shared for educational purposes. Jindal Steel and Power stock has been trading above the moving averages, which have indicated a rising trend. It has strong trendline support and there are consolidation zones; post that, this zone has acted as strong support. Considering these factors, there could be an uptrend