pratik2358

pratik2358 Updated  Feb 26, 2024

A breakout on weekly chart denotes strength it suggest the CONTINUATION IN THE CURRENT MOVE if one refer the charts , as shown by arrows , volume witnessed a great rise and price followed a strong move along with the same THE stock likely to show higher areas its trading well above key average areas and with strength in RSI support at 310-290 zones and with...

pratik2358 Updated  Feb 26, 2024

Stock witnessed a breakdown from regression trend and at same time breakdown came on back of earnings, most important to note is that the gap down came below key support zones and thus expect them to head lower. the stock shown a bounce from lower zones ie retracement seemingly done once it start to trade below 580, aggressive pyramid in short will take place...

pratik2358 Updated  Feb 26, 2024

stock is strong downtrend its one of theweakmost names in banking space with banking index trading near all time high this stock is at 52 week lows and not just that but at 3 year lows such stocks are ideal sell candidates fr trading and expect a heavy downmove here with a stop above 232 mark

pratik2358 Feb 23, 2024

The stock is strongon charts if w ignore noise regarding the merger stuff if we just look charts, the stock is good as long as its above 114-110 areas and till it holds it is likely to show 152 & 177 on the upside.

pratik2358 Feb 23, 2024

The stock as can be seen i s in a strong uptrend stock is alreay above key averages and is trading above multiweek highs the counter completed the retracement and now its likely to show continuation towards 77-80 mark followed by 87-89 areas on the upside the supports are placed at 60-58 area and only below this stock may turn bearish from current strong...

pratik2358 Feb 23, 2024

today Nifty witnessed a gap up opening, however it failed to sustain at higher zones thus small profit taking move did took place at higher zones GOING FORWARD: expect consolidation in index here-onwards in between 22000-22400 zone sectors like BANKING, IT , likely to do well

pratik2358 Feb 22, 2024

The following stock is largely outperforming the agrochem space in last couple of weeks its in an uptrend The agrochem other peers are in downtrend largely the result were strong and there are high chnaces for the stock to gain market share and become even stronger coming on technicals, it gave a fake downtrend and emerged stronger thereafter its...

pratik2358 Feb 21, 2024

If we look at derivative data 0.80% % DECREASE, with a 3.6% addition in open interest. if we look at volume, there is a 23% rise compared to yesterdays volume iv down by 4 points , pcr is at low point of week and IVP AT 89 percentile . support now at 21930-21960 while after todays cool offnow 22250 -22280 likely to act as a resistance zone

pratik2358 Feb 21, 2024

A rejection took place in polycan at swing highs is something to b e cautious about volumes were 17X more than average volume in a week resistance at the higher end at swing highs and till that is taken out fresh long side trade comes with a risk

pratik2358 Feb 21, 2024

Volume backed breakout took place today stock witnessed a strong upmove today it witnessed around 8% gains with around 18X more volume than average weekly volumes support and resistance as mentioned on charts

pratik2358 Feb 20, 2024

Index witnessed a strong upmove after initial cool off Index witnessed highest ever closing today with Nifty surpassing the mark of 22200 level Going forward ⏩ now Support comes at 22100-22060 area on the lower end followed by 21930 The overall trajectory as can be seen by visible price action suggest that nifty can continue to inch further up towards...

pratik2358 Feb 4, 2024

apple is trading sideways expect a down-move if start trading below 178 mark overall regression trend of 80% above 188-192 mark will resume its strong uptrend volume on sell side are higher than average volume

pratik2358 Feb 9, 2023

how trend works along with trendline thw example of crompton greaves is a good way to understand

pratik2358 Jan 14, 2023

weak counter likely to show a breakdown below 180 the counter is facing resistance on every upmove it can witness a decent downmove #shortsell candidate

pratik2358 Jan 14, 2023

Box size: The minimum price movement required for a new column to be added to the chart. Reversal amount: The number of Xs or O's in a column before a new column is added. Support and resistance levels : Areas where the price has difficulty falling below (support) or rising above (resistance). Price targets: The level at which a trader expects the price to...

pratik2358 Jan 14, 2023

Point and figure charting is a type of technical analysis that is used to identify trends and potential buying or selling opportunities in a security's price. Unlike traditional bar charts, which display a security's price and volume over a while, point and figure charts only show price movements, disregarding the passage of time. The chart is constructed using...

pratik2358 Jan 13, 2023

USDINR: it used to trade with 97% precision in regression channel trends, which is now decisively broken. The current candle seems more like a temporary pullback and the Indian currency might witness strength in upcoming sessions. only believing charts, I would be comfortable having a short stance for target 79.95

pratik2358 Dec 31, 2022

Bollinger band suggest the counter is ready to make a breakout multiple times respected bollinger band earlier as shown in the chart. the counter in past have seen support from mid or lower band while resistance at the upper band along with retracements at mid band when in uptrend. which sugest the counter is a good candidate to play via BB