Pranam18

Pranam18

1. Stock is following 100 DEMA religiously. 2. Very strong bullish candle at 100 DEMA. It has taken support multiple times in the past. 3. Volume- 2.4x, Del Qty- 1.6x 4. New long in futures- OI change +5.9% 5. Stop Loss- 5% only

Pranam18

Bharat Dynamics which was already in nice uptrend has currently taken a pause. When it was move up, it formed big range candle with big volume (in May month), then when it halted, its first pulled back with lower volume. Whenever there is green candle, there is big volume and where there is red candle there is low volume. Volume completely dried at second...

Pranam18

Reliance recently raised its mobile tariff. So the stock is in news. Stock was trading in a range (rectangle pattern, darvas box, accumulation stage. After the announcement of the tariff hike by the company, its stock price broke out from the range. This breakout could be the continuation of the uptrend of the stock, and in coming days we have see further rise in...

Pranam18 Updated 

Ultratech Cement has broken out of a rectangle pattern, also known as a Darvas box. I missed the entry opportunity, so I will wait for a retest of the support level, which was previously resistance. If I see any bullish candle during the retest, I may enter. Also look at the consistency of earnings and revenue. Always prioritize risk management and proper...

Pranam18

Asian Paint's stock price has been stagnant over the last 2-3 years, indicating it is not currently on the radar of investors and traders. On the monthly time frame, it is forming a rectangle or Darvas box pattern. However, if we look at the company's revenue and earnings figures, they are steadily rising. More importantly, its total assets and gross income are...

Pranam18

Incorporated in 1970, SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers You can see SRF in trading in nice range in weekly timeframe. Sales is in very good uptrend since long time, only last years sales was just below its previous year. Important point is company is consistently expanding its...