thepranam

thepranam

In this tutorial, we try to understand how and why the stock NSE:TECHM started going upward and how we can find the best entry while reading charts. The stock had started forming a Support at 1000 levels at June 2022 and since been retesting the same level again up to April 2023. During the same time we can observe how the MACD levels consistently kept moving...

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Price Action was forming a Lower Low Pattern and the MACD Levels has slightly started to form a Higher High Pattern. 1280 is holding as a good Support Zone. Any revisits to this level again or below this level could invalidate setup and also bring more lows for NSE:PVRINOX As long as the stock continues its momentum upward, everything looks good until its...

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MACD crossover is in play on the weekly charts indicating bullish momentum. Once the crossover happens successfully, we can see a good rally upward at least up to the half way mark of the previous Swing High levels. Formation of US Company for Bakery and Confectionary Business could be an added boost for the company to start seeing some up move.

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Price Action currently near Support/Demand Area. Successful close above 163 can take the stock to greater heights. Keep close watch. Monthly MACD cross in action too. March Quarter Profit Looks good too.

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NSE:PCBL is about to form a MACD Cross on the weekly charts. If the market favor this move and if it completes its crossover, the stock should easily be able to go all the way at least until its Swing High Levels. Fundamentally speaking, the company has received a patent from the Indian Patent Office for its invention titled "hybrid carbon black grade comprising...

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NSE:GLOBUSSPR has found its Swing Low levels at 710, which has also formed as a good Support as of now. MACD levels are also moving upward steadily since the last few years indicating a good move upward. If the market condition is stable for the next few weeks, we can see this stock moving up too. Do not expect the stock to suddenly rally up as there is not...

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Weekly MACD Crossover is in play and also very good volumes in the Stock off late. Expect the Stock to rally to its next leg up provided our Indices are stable and low volatile. Any big move in market can take the stock down faster. Ensure to follow Strict Risk Management when trading this stock. If all is well, the stock can easily rally up to its Swing High levels.

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NSE:PEL has completed its Lower Low Pattern last year March and has ever since being forming a new Higher High Pattern. At the same time the Price Action and MACD also formed a good Convergence Divergence. Currently the MACD also about to cross in the coming week. This indicates a bullish pattern and chances of going up from here. 915 has formed as a good...

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Price Action forming Higher Low Pattern. MACD Cross also forming Higher Low Pattern. Stock seems to be following Trendline. Currently also @ crucial Supply/Demand zone. Weekly closing above 500 levels with good volume can take the Price to new Higher High Levels. NOTE: Only negative for now is CTO and Chief HR has resigned very recently.

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Stock seems to have following the Trendline as given. There has been 4 touches so far on this trendline, indicating a strong Support formation. If the stock continues to obey the trendline, it could revisit its Swing High again. MACD Crossover also indicates a good bullish momentum. While there us a Support formed at 4748 level, even our Trendline intersects at...

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NSE:SUTLEJTEX Stock has completed its Lower Low Formation and the new Higher High Higher Low is in play currently. MACD is also about to make a crossover, which could indicate a good momentum upward in the coming days/weeks. In addition, the stock has seems to be following the Trendline as marked. This could also start acting as Key Support in the coming...

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Looking good for next leg up Successful retest of swing low Looks good till 550 and above

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NSE:GOLDIAM bags INR 600m worth of order for Gold Jewelry. In addition, even the MACD is about to make a crossover on the weekly charts. This can indicate a good move upward as it comes at the same time that even the company has bagged a very huge order. If everything goes well, the stock could easily hit the next Support/Resistance zone very comfortably and...

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NSE:SHAREINDIA is currently at a good buying range. Stock has also corrected about 30% from its top and has started forming good support. MACD is indicating a good bullish momentum that is still at an early stage and could start soon. Stock is also bouncing off from its Supply/Demand zone as marked in grey box on chart. Could take a while by the time the trade...

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Price Action is starting to forming Higher High Higher Low Pattern ever since the recent Swing Low levels. A MACD crossover in also in the play, which could indicate that the Stock is currently in a Bullish momentum. There is a S/R zone at 227 levels too. Price could initially get resisted from this level for the time being. However once we have a successful...

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NSE:COASTCORP just made a MACD crossover on the weekly timeframe. Stock is also seen forming a Higher High Higher Low pattern currently. If the market condition continues to remain good, it can easily go all the up till its Swing High levels.

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A new MACD Crossover is about to happen in Weekly Charts indicating a good move upward. Once the crossover is successful, ideally in the coming week, we can see the stock ready for its next leg up. The stock has also formed a good Support at 39 levels.

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2807 Support level seems to be playing well since 3 years now. MACD also making cross exactly at current support zone. Stock currently looks good at this point. Weekly closes above 2807 level should look for a move upward.