VijayBabuA

VijayBabuA

PEL has broken long term resistence trendline on daily charts. it has been struggling to break resistence line for last few sessions, it broke decisively and continued holding above 200DMA levels. it can easily rally upto 1800 level in coming days. it is the right time to enter for long term. for short term also it can easily generate 20% from current levels.

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INDUSIND is consolidating between 480-570 levels on daily charts for the last 2 months, BANKNIFTY also looks bullish, continued momentum in BANKNIFTY and if price sustains above 570, it will easily reach 740 levels. in the last few sessions, every fall it is traded with low volume, indicating accumulation. 560-570 level is already tested, so if it breaks it can...

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SIEMENS consolidating above 38.2% retracement levels on daily basis, which is also below 200 DMA, a sustainable amount of time above 1250 will decisively take this stoke to 1400 levels.

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AUROPHARMA is near buy zone of 840-860, it has already fallen from it's peak of 960 levels by more than 10%. however if it doen't take support at 840-860 levels it go upto 780-800 levels also, observe price action at current levels and take decision

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BAJAJFINANCE has been consolidating between 21 EMA and 200 DMA and it has crossed 200DMA on daily closing basis. if it crosses above 3500 it can easly rally upto 4000. Then we can look at further price action in this.

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Shardacrop chem is continuing to make higher high and if closes above 325 level on daily basis it can rally upto 375-420 levels.

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BOROSIL LTD has formed double bottom on daily charts, which is recently listed, listed at 217 and made bottom around 140 levels, if it closes above 170 in the next session 24-08-2020.it may touch 220 levels again in coming sessions.

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RBLBANK continue to consolidate on daily basis. if it close above 194 on daily basis, it could rally upto 226-230 which is also acting as 200 DMA. observe the price action at consolidation channel. it is continued to trade at higher level of the channel, indicating likely break upside.

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Strides Pharma has re-tested 550 level and took support at same level on daily basis, which was acted as a resistance for a quite long period. it is continuing it's long term uptrend. it can rally upto 670 followed by 700 levels.

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AUROPHARMA closed below 21 EMA, couldn't able to sustain higher, consolidation between 760-800 levels was seen before. however there is a widening channel which has support around 830 level. observe price action at these levels and take position.

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Ashokbuildcon has breached recent consolidation resistance of 70. if it sustains above 70 on daily basis, New support will come 70 levels. If possible, 66 levels could be a bargain buy, but quite difficult to reach. 70 could be a better entry. 90 looks target.

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JAMNA AUTO broke Weekly resistance line on weekly basis in the last week, This week it is going to close above previous candle high. Chart explains remaining

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ADVANCEDENZYMES looks bullish on daily chart, As per Fibonacci re-tracement if it sustains above 220 levels, next target could be of 280, however it may face some resistance at 250 levels. it is fundamentally strong compay. as we are witnessing a good monsoon, it could easily go upto 280 levels.

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JAMNA AUTO has formed a double bottom on daily charts. it may retrace to recent peak of 35 levels. i.e 10% upside from current levels.

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SBICARD took support at 725 levels it it sustains above 760 level it shall retest 800 levels soon. moreover it broke resistance trend-line on hourly chart. observer price action at 800 level for further direction in this script. Possible double top can be seen at 800 level followed by a correction and then an up move can be seen.

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BANKNIFTY has reached it's support level, it has reversed from current level in the last two swings, it may go down upto 20900 level and if it crosses above resistance trendline it may go upto 21700 - 22000 levels. Observe the Price action at current levels tomorrow, we can see a pull back as price reached support levels. It is observed that, there is a failed...

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Bandhan bank fallen from its peak of 400, to 300 levels, it may find a support at 260-280 levels for a pull back.at 300 level it is already retraced to 50% of Fibonacci retracement levels. 61.8% level stood at 273 with also matches with support trend line and horizontal support as well.

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SBICARDs is facing resistance at all time high of 769. if it manages to close above this it can rally upto 8% from this 769 level. if you observe the chart it is making higher high's. if you divide rally percentage with previous leg rally it is in the range of 1.25-1.4. it may rally between 8.5%-9.6% from 769 levels. expecting 834-844 level in this rally. Before...