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MFI

BLS INTL SERVICES - Ready for a short term Up MoveThe stock had undergone a big correction even before the recent small cap index correction. The stock fell almost 28% from 475 to 340. It was pushed below the 200 DMA, from where it has been recovering. Even during the recent correction in the small cap index, the stock was in fact showing lot of strength and the relative strength compared to the small cap index is positive now. It is also making higher highs in the daily frame while it is still continuing to make the higher highs and higher lows in the weekly time frame as well. Now, it has also crossed above the short-term moving averages and the previous daily pivot. So, the stock looks likely to test 475 levels. So, I am looking at 15% returns in the short term from the stock. Of course, one has to always keep in mind the overall market weakness.
NSE:BLSLong
by karthikmarar
2
BOMBAY DYEING - Ready to Move to the Next OrbitThe stock after facing price rejection in the range of 224 to 241 was pushed down to the 50 DMA. It moved almost sideways in the last three months. Recently we saw some interest coming back into the stock with the relative strength and the money flow turning positive and the volume was also increasing. The stock remained very strong during the recent weakness we saw in the overall market. Now finally it has crossed above the price rejection zone with good volume support. The delivery volumes saw substantial increase recently. All other parameters like the buying pressure, volume adjusted momentums, absolute momentum everything seem to be favouring further up move. Looks like the stock is ready to move to the top into the next orbit.
NSE:BOMDYEINGLong
by karthikmarar
TDPOWER SYSTEMS - Likely to resume the Up Trend?The stock was in an uptrend and met with some price rejection in the range of 436 to 451, then it was pushed down to below 50 DMA. Then we saw some strength coming back below the 50 DMA and then today we saw an “Effort to move up” bar. Now the price is at the supply line and once the supply line is broken then we can see the stock testing the previous rejection zone and with some momentum it could take out the Price Rejection Zone and move up. Now the buying pressure and the money flow are positive while the relative strength is on the verge of turning positive. There is some good volume support as well. We also could see some committed buying coming in terms of delivery volumes. So, looks like the momentum is building up and this should see a stock being pushed up to test the rejection zone and further up. In other words the stock look likely to resume the Up Trend.
NSE:TDPOWERSYSLong
by karthikmarar
RADICO - In to the next orbit ?The stock has been moving almost sideways with a upward bias for the last eight months. However, recently you can see that in the weekly it has been making a higher, high and higher lows. Now the stock has successfully moved out of this sideways range and also it has crossed above the supply line in the top. The move was with very high volumes. You can see a positive money flow in the weekly. On the daily you can see that the relative strength, absolute strength and the money flow has been positive. So, it looks like that stock is now ready to go into the next orbit. However, the ultra-high volume calls for some caution. So, one has to wait till the stock crosses above 1973 which is a high of the “BC” like bar of the last day. Relative strength turning positive on the weekly will add to the conviction.
NSE:RADICOLong
by karthikmarar
1
UPL - Finally out of the woods?The stock had been in a downtrend for more than 15 months, losing almost 45% in value. In the last three months it was seeing some recovery and finally now it seems to be out of the woods. We can see the stock is making a higher high and higher low on the weekly and we can see a change of character in the weekly as well. Now finally the stock is decisively going above the 200 DMA and also the short-term moving averages. The relative strength and the money flow is also positive. Even the buying pressure and the absolute strength are also positive. It is showing a positive momentum as well. We can now confirm that the stock is finally ready to move up further and eventually the stock should be testing 800 levels.
NSE:UPLLong
by karthikmarar
1
SYNGENE - Gearing up for higher MoveThe stock after nearly 10 months of consolidation had come out of the consolidation zone and now it is attempting to take out the previous supply zone as well. As we can see in the weekly chart, the relative strength and the money flow index are positive. In the daily chart as well, you can find the relative strength, the buying pressure are all positive. However, the money flow has not picked up. Given these conditions, once the money flow also picks up, the stock is likely to go up higher after breaking out of the price rejection zone or the supply zone. A positive close above 858 level, will add to the conviction.
NSE:SYNGENELong
by karthikmarar
KNR CONSTRUCTION - Moving to next orbit ?The stock, after a long consolidation of more than 2 years, made an impressive up move in late May, early June period. Then it met with supply around 344-410 levels. Then again it consolidated for almost 2 months taking support in the previous Major PRZ. Now it is trying to move out of this supply zone. All the other parameters like relative strength, money flow, buying pressure, the volumes, all look positive and likely to aid further up move. So, looks like the stock is going to go into the next higher orbit.
NSE:KNRCONLong
by karthikmarar
HBL POWER - High Probability for further up MoveThe stock faced price rejection around 612 on its upward journey and it was pushed down to the 200 DMA levels. And it moved almost sideways for 6 months. Multiple attempts to take out the rejection zone failed and recently it did succeed in moving out of the rejection zone. But it again went back to test the rejection zone. Now again it is moved up above the rejection zone and also the supply shadow of the BC bar of the 15th of July. As you can see the money flow is positive and the relative strength is also positive now. Th e volume has substantially increased and also the delivery volumes have increased in the recent past. All this does indicate that this current breakout of the rejection zone will sustain and it is highly probable that the stock will move up further.
NSE:HBLPOWERLong
by karthikmarar
When $ETH Money Flow Index turns green, new ATH! CRYPTOCAP:ETH has scaped the downward channel, but is still inside the horizontal channel (both in yellow) Note the blue diamond from Detonator A Indicator forming now, indicating a possible local end of trend Price will need to retest the support of downward channel first, as it coincides with both EMA200 (green tick line) and MA200 (red line) After that retest, price will follow to the upper resistence level of the horizontal channel as the ATH box is a attractor for price because former trends have targets over the ATH box (those purple arrows) When MFI (Money Flow Index, below pannel) turns green again, you know we will reach new heighs!
BITSTAMP:ETHUSDLong
by CCCLopes
AFFLE - A stock to watchThe stock has been moving almost sideways for more than two years. Early this year it attempted to take out the old price rejection zone of two years at 1336 level, it failed and it was pushed down again below the 200 DMA. From there it started recovering and in the month of May the stock did make an attempt to take out this price rejection zone. It failed and again was pushed down below the 200 DMA. Now again it is making an attempt and it is crossed the rejection zone with a “Buying Climax” like Bar with a with widespread up bar on very high volume. Now the level 1390 is very significant now because once the price goes above this level it would cross the previous resistances from 2022 and also it would go above the supply shadow of the “BC” like bar which happened today. A bullish close above 1390 will take the stock higher. All other parameters like Relative strength, Money Flow, Buying Pressure and Momentum seem to support. The up move could struggle till 1510 level above which the ease of movement would be much better.
NSE:AFFLE
by karthikmarar
1
BLS - Gearing up for 15% - 20% move ?In early Feb, the stock faced price rejection around 430 levels and was pushed back to the 200 DMA levels. From there, it has been consolidating for almost three months. Now it is attempting to move up, it is about to cross the current price rejection level at 358. The relative strength is also turning positive and the money also started flowing into the stock. The volumes have been increasing including the delivery volumes indicating committed buyers are stepping in. The momentum has and Buying Pressure have been increasing recently. Once we have a positive close above 358 levels, we could see the stock testing the supply zone around 430 levels. This is a stock to watch.
NSE:BLS
by karthikmarar
CENTUARY PLY - Moving out of the Accumulation Zone. The stock has finally moved out of the consolidation zone. Late last December, the stock met with price rejection around 850 levels and it was pushed down below the 200 DMA levels. Then it started consolidating for almost three months now. The money flow had started increasing for the past month and the relative strength also started showing signs of recovery. Today, the stock moved out of the consolidation zone with a gap-up opening and a widespread up-bar. Of course, it did meet some supply. as we can see, the close was almost in the upper mid of the bar. The stock also moved above the short-term and the long-term moving averages and we can see the convergence of the averages as well. The relative strength also is moving into the positive territory. The volume has also started increasing and we can see increase in delivery volumes as well. The momentum has been positive for almost a month now. Looks like the stock is now poised to test the rejection zone at 850 again. However, we need to see some increase in the relative strength and the momentum as well. There is also a possibility of a retest of the accumulation zone.
NSE:CENTURYPLYLong
by karthikmarar
3
GREENPLY INDUSTRIESThe stock was moving up and in the last week of February, it encountered a BC bar or a buying climax like bar. Then because of the supply of the BC bar, it was pushed down to the 200 DMA levels. From there, it started recovering. Then it attempted to take out the Supply shadow of the BC bar but did not succeed. Then again recently did try to go into the shadow of the BC bar. It was struggling and pulled back a little and then now it has moved past the supply shadow of the BC bar. It would mean that all the supply has been fully absorbed now and the stock would be ready to move up. As you can see, the relative strength is becoming positive and the money is also flowing into the stock. The momentum is also positive and increasing and the volume has also increased. Also, we can see the good increase in the delivery volumes indicating committed buyers stepping in. Now with a positive close above 287, the last close would take the stock into the next higher trajectory. So, it is a stock worth watching.
NSE:GREENPLYLong
by karthikmarar
GRANULES - A stock to watchThe stock after facing price rejection around 466 to 480 area was pushed down to the 200 DMA levels. It took support from there and started moving up and now it's making a higher high and higher low. The relative strength is also positive and we can see good volumes coming in. Money is flowing into the stock and the momentum is also positive and increasing. Also, we can see good increase in the delivery volumes recently indicating committed buyers stepping in. A bullish close above 480 would take the stock to the next higher trajectory.
NSE:GRANULESLong
by karthikmarar
2
ADANI PORTS - Ready to Move to next upper Trajectory?The stock on its upper trajectory faced a price rejection around 1425 levels and it was driven down to below the 50 DMA levels. From there it took support and then started recovering. Recently there was an attempt to take out the price rejection zone but that move did not succeed and it was pushed back to test the price rejection zone. Now it is again attempting to take out the rejection zone. We can see increasing momentum and also the relative strength is positive. The money flow needs to become positive. We can see some increase in the volume as well. Now this stock is likely to succeed in taking out the rejection zone. A good close above 1457 would take it to the next upper trajectory.
NSE:ADANIPORTSLong
by karthikmarar
UNION BANK - Gearing up for a Break out?The PSU bank index has been moving in a slightly inclined upward channel showing positive bias. However, this stock has been moving in a sideways range for almost four months now. Now the stock is testing the top of the sideway range. The MFI indicates money is flowing into the stock. The momentum is also positive and increasing, the relative strength is also turning positive. We can see increases in the volume as well. Also, we can see increases in the delivery volumes indicating some interested buying coming in here. The minor trend and the immediate trend are also up. Looks like the stock is gearing up to break out of the range and move into the next higher orbit. So the level to watch out is 162. This stock should find a place on your watch list.
NSE:UNIONBANKLong
by karthikmarar
6
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
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