Chart Analysis by Santhosh Muthukumaran 📈🎋

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[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

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[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

@ChartsByYogi @Mr_Chartist @stfranklin001 @ChartistEdge @ArindamPramnk @Tradewith_kd @dlohia @trading Good analysis. Keep more analysis coming.

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#NAVINFLOUR – 6139

➔ Price undergoing excellent congestion prior to a breakout.
➔ 21 EMA (Orange) acting as dynamic support.
➔ High buy volume versus low sell volume supports accumulation.
➔ RSI neatly gliding above 60 – indicates momentum on the upside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#DIVISLAB – 6071

➔ Price consolidating after a cup base formation breakout.
➔ Watching for positive price action build up to initiate long positions.
➔ Rising 21 EMA (Orange) acting as dynamic support.
➔ RSI dipping near 60 levels for support.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#GNFC – 451

If you are holding GNFC, watch out!

➔ Price near the lower trendline of the trading range.
➔ Strong resistance from 21 EMA (Orange) and 55 EMA (Blue).
➔ RSI near 40 levels – a close below will confirm momentum increasing on the downside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#SAGILITY – 52

➔ Cup and handle formation.
➔ Price near handle breakout levels.
➔ 21 EMA (Orange) acting as dynamic support.
➔ RSI consolidating near 60 levels, a breakout will confirm momentum on the upside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#TATASTEEL – 189

➔ Neat breakout from a cup and handle pattern.
➔ High buy volume with low sell volume supports the breakout.
➔ RSI broke above 60 – indicates momentum on the upside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#IDFCFIRSTB – 84

➔ Inverse head and shoulders pattern.
➔ After breaking out from the pattern, price retested the neckline breakout levels.
➔ Price again broke above the horizontal resistance.
➔ RSI closing above 60 will trigger a lot of buy orders.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#JINDALSTEL – 1076

➔ Inverse head and shoulders pattern.
➔ Excellent price contraction with 21 EMA (Orange) acting as dynamic support.
➔ Upsloping 21 EMA (Orange) and 55 EMA (Blue) to assist price in a breakout.
➔ RSI closing above 60 will be a major trigger.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

@hariniv2505 @tradingview @zerodha A multi year breakout with increasing buy volume.

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#APLAPOLLO – 1976

Flag and pole breakout + upmove in progress.
RSI neatly gliding above 60 – indicates momentum on the upside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

@hariniv2505 @tradingview @zerodha @BEL_CorpCom Yes it does. A low risk - high reward setup.

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#BEL – 417

➔ Clean ascending triangle pattern - Low risk setup
➔ Increasing buy volume supports the setup.
➔ RSI close above 60 will trigger a lot of buy orders – that will confirm momentum on the upside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#MRPL – 152

Though broader is still wait and watch for fresh longs, MRPL provides an excellent risk reward oppurtunity

➔ Price above all key moving averages.
➔ Price confirming support at 233 SMA (Green).
➔ Low volume throw backs + High buy volume on upmoves every time near 233 SMA indicates accumulation.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

@PRSundar64 Nifty IT and Nifty Service will be the sector to watch going forward.

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#NIFTY – 25665

➔ Price lost the lower trendline.
➔ RSI lost 40 levels, indicates momentum increasing on the downside.

Watching for the above conditions to reverse to initiate fresh long positions.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

Nifty 500 – 23475

➔ Price trying to find support near the lower trendline and 144 EMA (Red).
➔ Long lower wicks every time near the lower trendline shows the significance of the line.
➔ RSI holding above 40 is important.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

@itsurprem Thts why bases appear before headlines becomes positive, and peaks appear before bad news starts showing up.

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#DALBHARAT – 2180

➔ One of the strongest cement stocks in formation.
➔ Breaking out of all key moving averages.
➔ Increasing volume supports the move.
➔ RSI breaking above 60, indicates momentum on the upside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#MPHASIS – 2780

➔ Cup and handle formation.
➔ Handle breakout is due.
➔ RSI closing above 60 will be the key trigger, confirming momentum on the upside.

#StockMarket #Nifty #PriceAction

[Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas]

#NLCINDIA – 262

Taking good support at 21 EMA (Orange) and attempting a shot at breakout.
RSI closing above 60 will be the key trigger - which will confirm momentum.

#StockMarket #Nifty #PriceAction