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Karthikmarar

KNR CONSTRUCTION - A watch list StockThe stock after facing rejection at 317 levels was pushed down below the 200 DMA level. From the bottom in June 22, the stock has been moving almost sideways for almost two years now. Finally, the stock seems to be making an attempt to move up. It is about to take out the minor price rejection zone. You can see an increased volume and also you can see that the money flow has been increasing. Now the relative strength is also turning positive. So once now the stock is likely to test the major rejection zone at 317 to 343 levels. Once that is taken out, that is if we have a bullish candle above the 343 levels, we can expect this stock to go into the next phase of uptrend. A stock to watch.
NSE:KNRCONLong
by karthikmarar
JUBLI FOODS – Confirming Reversal and ready to move higher?The stock after making a high of 586 last December has been going down. It has been making lower highs and lower lows with each price wave was getting lower. After reaching a bottom of 421 it started reversing. Then it started making higher highs and higher lows and each price wave was getting higher and higher. Now it has crossed above the 3 short-term moving averages and today it moved above the 200 DMA as well. You can see that the volumes for each wave was getting higher. The money flow had remained positive from April onward and in May the relative strength also turned positive. The stock also exhibited strong momentum in May. Recently the delivery volumes have also increased indicating interested buyer stepping in. Now the stock is likely to teat the previous high of 586. 520 levels could offer some resistances.
NSE:JUBLFOODLong
by karthikmarar
1
EXIDE INDUSTRIESThe stock after a good up move has been re-accumulating for almost a month and half. Now the stock is on the verge of breaking out from this re-accumulation zone. The relative strength is turning positive and the money flow is also on the verge of reversing. Momentum which was weak has started picking up. The volume in the last two sessions has been high. The delivery volumes is also increasing. A good close above today's high, that is a good close above 500 will take the stock to the next orbit and it will move much higher. We had caught the earlier breakout from the Rejection zone at 280 as well.
NSE:EXIDEINDLong
by karthikmarar
NIFTY - Quick Analysis - 23rd MayTwo weeks back when we had a look at the NIFTY, the index was moving down after making a double top like formation, it was approaching a good support zone around 21710-21840. It did take support from this zone, reversed and started moving up. Then we had a Bullish “W” like pattern. Now it has taken out the previous rejection zone at 22795-22550. Today we saw a Bullish widespread bar on increased volume closing at the top. We can see the momentum also flipped to the positive side. Now we can expect the NIFTY to move to the top of the inclined channel or the supply line of the inclined channel. The top should be around 23300 from where we could see a reaction. So next week we could see the NIFTY approaching this level and it could hover around this level till election result. And quite possibly. based on the Election result on the June 4th, it may break about the channel supply line and move into a higher trajectory.
NSE:NIFTY
by karthikmarar
GENERAL INSURANCE CORPORATIONThe stock after facing price rejection around 440 to 467 levels came back to below 50 DMA levels. It has been consolidating since then for almost 3 months now. Finally, today we saw it breaking out of the consolidation zone. We saw a widespread bar on very high volume. The relative strength is also turning positive. The money flow has been positive for the last few sessions. We can also see a reversal in the momentum to the positive side. If the stock sustains above the high of today's bar, we can see the stock testing the previous price rejection zone at 440 to 467 levels. Now the only point of caution here is today's very high-volume bar, it is like a BC bar which can cast a shadow of supply bringing the stock down back into the consolidation zone. So that is why we need to have positive close above the shadow of the BC bar for the stock to move higher. So, it is a stock worth watching.
NSE:GICRELong
by karthikmarar
ADITYA BIRLA FASHIONS - Poised to moved up ?The stock saw a huge fall of about 50% from a high of 359. From the bottom, it has been struggling for almost a year to reverse the trend. And of late, you can see the attempt to move up, seeing some success. You can see a break of structure in the daily and now a break of structure in the weekly as well. The relative strength is also positive. The money flow which had dipped is now recovering. The momentum also had weakened recently and is now picking up. Today the stock moved past the price rejection zone at 277 with wide spread up bar with volume support. In the last few sessions, we saw some increase in delivery volumes indicating some interested buying coming in. If the stock sustains above 277 levels, we can see the stock moving up further north. The next destination could be 315 levels.
NSE:ABFRLLong
by karthikmarar
DEEPAK NITRITEIn early January, the stock faced rejection around 2520 levels and it retreated to sub 200 DMA levels. From there, it recovered. In early May, it made an attempt to take out the price rejection zone. There was a move on very high volume. Unfortunately, that move did not succeed and it was pushed back below into the supply shadow of the BC bar which happened on the April 24th. Now, again it is attempting to move above the shadow of the BC bar and the price rejection zone. The relative strength is still positive but the money flow is lacking and also the volume is very low. The momentum has also dropped. So, once this stock succeeds in taking out the price rejection zone and goes above the shadow of the BC bar, the stock is likely to move up higher. We also see a very nice consolidation pattern almost like a cup and handle pattern. So, we need to wait and watch for the volume to increase and the money flow to be positive and the momentum also to come in. So, this is a stock worth watching
NSE:DEEPAKNTRLong
by karthikmarar
1
NIFTY - Quick Analysis Today, we saw a substantial fall in the Nifty. The nifty has been weak in the recent past and the weakness was pronounced this week. The Nifty has been moving in an upward inclined channel for almost six months. And recently, we saw a double top formation. Now the Nifty is approaching the baseline of the double top formation which is around 21710. Now the nifty has broken below the 50 DMA and also below the demand line of the channel. The momentum has also become weak and the Sell waves are dominating the Buy waves. All this confirm overall weakness. Now 21710 is a very crucial level. A break of this level will confirm the success of the double top formation and will take the nifty towards the 200 DMA which will be around 21,000. So, we need to wait and see if the level 21710 will hold. This level is a also good support zone. Tomorrow’s session will be important one.
NSE:NIFTY
by karthikmarar
4
RADICOThe stock has been moving sideways after facing rejection above 1720+ levels. Bouncing from support zone and crossing above converging short-term moving averages on high volume. Money Flow turning positive and Relative Strength on the verge of turning positive. Today's Delivery volumes were very high, seven times the average indicating longer term interest. Now the stock is likely to attempt to take out the Rejection zone. Looks like 1800+ on the cards. I am looking for a minimum 10% quick up swing.
NSE:RADICOLong
by karthikmarar
5
KPR MILLS After facing a rejection at 925 levels the stock retreated to 200 SMA levels. Taking support at the 200 MA level the stock is attempting to bounce back. It has crossed above the 200 and short-term moving averages. It has also crossed above the supply line. The last two bars with wide spread up bars closing up indicating good quality buying. Recent increased delivery volumes also indicated accumulation. Now there is high probability the stock will test the previous PRZ level at 872-925. Other parameters like Relative strength is on the verge of turning positive. Money flow is already positive. Ease of movement will be better once the price moves beyond 802.
NSE:KPRMILLLong
by karthikmarar
1
CENTURY PLY – Poised to move higher?Almost six months of consolidation. Now moved out of the consolidation zone with volume support. The Relative strength is turning positive. Money flow and buying pressure is also positive adding to the strength. Increased delivery-based buying is also seen. Interestingly, in the weekly TF we can see a nice volatility contraction pattern, making the probability of up move higher. However, 744 is a last point of supply on the weekly TF. Once the stock moves above 744 it will move much higher. The probability of that happening is quite High. A stock to track.
NSE:CENTURYPLYLong
by karthikmarar
BHEL - Ready for the next lapWe have been following this stock from 83 levels in July when it formed a nice VCP pattern and was ready to move up. Then after a encountering a “BC” bar the stock was stuck inside the supply shadow of the “BC” Bar. After some consolidation and a “spring’ the stock started to recover. Now it has come out of the shadow of the “BC” bar and has crossed above the previous Rejection zone with good volume support. All key parameters like Relative Strength, Buying pressure and Money Flow are positive. Now the stocks is ready to go to the next lap of the up move.
NSE:BHELLong
by karthikmarar