Saninvestor

Saninvestor

DLF - Weekly TF - Moving in an ascending channel. Currently bouncing from the bottom of the channel. Trading above 30 WEMA suggests in Stage 2 Uptrend. MACD on daily TF has seen a crossover. RS is positive. Will be weak if closes below 30WEMA. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

IT Sector weekly chart shows uptrend is still intact. Index trading above 30 WEMA which suggests it is in Stage2- Uptrend. Relative Strength is positive as against the Nifty 50 Index. Larger stocks within the index have seen decent correction & seems to be forming bases for next leg of move. Will be considered weak if it breaks down below 30 WEMA. Would start next...

Saninvestor

United Spirits (Mcdowells) - Bounced from the bottom of the ascending channel, minor resistance at 950, on crossing, uptrend may continue to previous highs, HH-HL formation seen. RS is strong. CMP>20DEMA>50DEMA>200DEMA. Will be weak if breaks down below the channel. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Nifty now in the resistance zone of 17490-17600, needs to break out of this zone to move upwards. Today index closed within the resistance zone with a Doji candle formation. Need to watch the behaviour of Nifty in this zone very carefully, as to whether it breaks out above 17600 or gets rejected & continues in the descending channel. Only for educational...

Saninvestor

Nestle Weekly Chart: Stock is retesting the previous BO zone & consolidating above the BO zone in a tight range for 10 weeks. Trading above 30 WEMA & 200 DEMA suggests stock is still in the bullish zone. Keeping in watchlist if above breaks above the tight range marked then may start next leg of upmove. A breakdown below the range will gravitate towards...

Saninvestor

Cipla weekly chart shows price is at a crucial point just standing on the 200DEMA line. Stock has been in the range of 873-1006, which currently is at the bottom of the range. Crucial to hold 200DEMA to move up, if breakdown then may move towards the lower range marked in the chart. *Only for educational purposes, not a buy/sell recommendation.

Saninvestor

TCS weekly chart shows breakout retest done & 5-6 weeks base created around support zone. Double bottom pattern with neckline breakout above 3577 last week seen. Need to see a follow-up buying and increase in relative strength, this week to confirm reversal for uptrend towards ATH levels. Only for educational purposes. Not a buy/sell recommendation.

Saninvestor

Nifty50 is still in a downtrend..moving in a descending channel. Trading below 50 DEMA. 17490-17600 will be strong resistance, only on breach of this zone, the uptrend may resume. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Tech Mahindra..daily chart. Boundaries defined in the chart, if breakout above 1640 then may proceed towards 1800 and if closes below lower boundary 1466, then may test next support at 1364. RS positive and above price above 50 DEMA. Only for educational purposes, not buy/sell recommendation.

Saninvestor

Voltas..Daily chart looks good with a Double bottom pattern active only on breakout of neckline above 1283. RS Positive and price trading above 50 DEMA. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Nifty 50 - Daily chart updated - Moving in Downtrending channel.LH-LL bearish pattern. - Trading below 50 & 65 DEMA showing loss of momentum. - Uptrend continuation will be when it crosses the previous high - 18225 - Support is marked in the chart. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Nifty Infra daily chart - Trend intact HH-HL seen - within a consolidation box - Above 50DEMA - RS strong shows outperformance to Nifty Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Maruti weekly chart. - Symmetrical triangle breakout is seen. - Now needs to cross horizontal resistance on a weekly closing basis of 8325 levels. - On crossing may proceed towards ATH levels. *Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Godrej Consumer Products: - Bearish Head &Shoulders pattern neckline BO done. RS line shows underperformance. - Currently at crucial 200DEMA support, if breaks then downside up to 860/800/740 may be seen. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Silver - Breakout of bullish Inverse head and shoulders pattern on the daily timeframe chart. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Gold - forming a symmetrical triangle pattern on weekly charts. If breaks out above 1835 can see a decent upmove. Only for educational purposes, not a buy/sell recommendation.

Saninvestor

Nifty uptrend is intact. The pullback from ATH levels saw nifty taking support near 20DEMA and the previous breakout zone which now is acting as support. The last three candles having long wicks near the support zone show demand in Nifty. May form a double bottom pattern or rounding bottom pattern to continue its uptrend from hereon. The view is invalid if...

Saninvestor

The weekly chart of tinplate shows a nice rounding bottom pattern completion and breakout above 324. View invalid if closes below 260. Only for educational purposes, not a buy/sell recommendation.