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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
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
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
$SNAP Bull Flag Continuation (Volume Analysis)The current volume analysis on NYSE:SNAP is indicating possible bullish continuation. The pole on this bull flag saw increased demand as price continued higher, followed by falling supply as price consolidated within the flag. The bullish breakout would have to equal minimum 1/2 of the previous flag pole. A 100% extension could also result. Bearish scenario is a breakdown below and negation of the bullish flag. Bearish stops should be placed below the previous low and bearish breakdown of the flag.
NYSE:SNAPLong
by FreeWyckoffs
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