vinayak.mohta5

vinayak.mohta5

Reliance has relatively been a quiet stock for some time now, except for one move that came on the 7th of October. Rest of the days it has mostly corrected or been range bound in the recent past. Mr. Ambani also has been on a selling spree for the last few months now, divesting stake in Reliance Jio before and Reliance Retail now. The market hasn't given a...

vinayak.mohta5

Bata has been in a range for quiet a while it has tried to breach and sustain over the 1400 levels but the bears seem to be standing strong there. The stock has tested the area multiple time only to be sold off next. If the smaller trend line is respected and the stock reverses, We will have to see whether the 1400 level is taken off or not. If it happens the...

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There is a lot of talk about in this stock so I will go point wise. 1- The price is forming a triangle at the very crucial area. 642 zone has not been breached for a while and any breach of the same should give a good momentum upward move. A consolidation below a crucial zone gives us more conviction of a convincing breach and continuation. So purely going by the...

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Divis is regarded as one of the best companies in the Pharma space. And it has proved its worth by rallying in line with the industry. Current after a break through results the stock has been consolidating in a ranger a while and has ended up forming a triangle on an Hourly time frame. The support and resistance in the triangle is also supported by 200EMA (Red...

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NTPC has been forming a triangle more of its been respecting 2 trend lines as shown in the chart. Any breach of the same should give a good momentum move. Prices have been testing a very crucial zone and a continuous weak momentum can be bad for the stock. However any breach to the upside from a consolidation at such a level can take the price to higher levels....

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Dabur has been forming a beautiful triangle and for me it is the chart of the week. Even though others have made some beautiful patterns, Dabur for some reason i like more than others. A breach might not come soon (And i can be dead wrong) but it is surely worth tracking. A breach on either side of the triangle should give some good price action.

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Bajaj Auto has formed a triangle just like Heromotoco. However there are a few interesting formation building up in a larger time frame i suggest you have a look at the monthly TF and you will understand why the Red Line. Prices might be driven on sentiments regarding the incoming auto numbers on the 1st of October so any breach might be halted/stopped out in case...

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Hero Moto has formed a Triangle in and around it's current high formed around the 3200 mark. It will be interesting to see how it reacts on the upper end of the triangle, in case a breach come through a new upside trend might start, purely based on technicals. However in case the breach is towards the downside it might continue lower for a while. Numbers for...

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Since the news of Dr. Reddy's collaboration with the Russian counterparts has been out, the stocks has been in a strong bullish momentum. However it seems to have fizzled out a bit and the stock has been consolidating for a while now. However it still is at the verge of breaking out upwards and it might happen as early as Monday. However to continue the bullish...

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Bata is carried forward from the previous week. It did not do anything but was moving within the zone through a turbulent week. This week it should possibly give a breakout from the triangle and might give a possibility of a good trade. The market's are looking weak but the ongoing spike in volatility is not letting the prices decide a direction. With the US...

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HDFC Life has consolidating since it last tested its all time high of around 650 levels and has been forming a triangle. Currently the Price seems to be heading towards the support line of the triangle. A breach of 565 levels (A support zone and the support line of the triangle might take the price down even further. However don't bet against it reversing. It is...

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REC LTD has been consolidating for a while now. It has formed a pretty big triangle and is currently hovering around the triangles support line. Any breach of the same should take the stock lower around 100 levels. However if the trend line within the triangle is breached the price should continue within the triangle moving upwards. A trade on the breach is a much...

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Bata has been forming a triangle pattern and has been consolidating further in a smaller time frame (Look at the chart in 15 minutes for the last week). With uncertainty surrounding the Equity markets as a whole and some uncalled movements seen in the last few days it would be very hard for anyone to be able to guess the side of the breakout. However a strong...

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Will Gold be able to breach this triangle and reclaim it's 2000 levels ?

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Bajaj Finserv has tried to break the range of 6150-6000 for quiet a while now but every time it has reversed to go and test its current high (last 3-4 months) (Check in the Daily TF it will give you a better idea) which has led to a channel formation. As the recent past has shown the stock does not spend a lot of time at these levels it has generally moved up. The...

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A continuation idea from last week. A beautiful triangle and a trend line being respected. 2100 is a crucial level which the stock held last week. So in the future any breach of 2100 might indicate a good short. However on Friday HUL saw some good bullish momentum and also broke the trend line marked in blue however it could not close beyond it. It will be...

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Infosys has been consolidating and has formed a triangle which was broken yesterday only for the price to reverse and close within the triangle. We can see the Green Line (9 EMA) is trying to cross the Blue Line (20 EMA) from below indicating a bullish momentum. Any breach of the triangle and a close above it might lead to a rally in the stock and the stock might...

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Torrent Pharma looks to be doing an Asian Paints (Just check out the Asian Paints Chart of the last week and you will know why the reference). The trend line has been respected for quite a while and any breach of the same will be followed by some substantial move (Hopefully). The price has been consolidating in a range which is a sign that a breakout might be a...