Got any interesting stocks on your watchlist? ๐
Feel free to drop the names in the comments - one stock per comment so itโs easy to follow.
No limit on how many times you comment! ๐
#DIVISLAB โ 6071
โ Price consolidating after a cup base formation breakout.
โ Watching for positive price action build up to initiate long positions.
โ Rising 21 EMA (Orange) acting as dynamic support.
โ RSI dipping near 60 levels for support.
#StockMarket#Nifty #PriceAction
#GNFC โ 451
If you are holding GNFC, watch out!
โ Price near the lower trendline of the trading range.
โ Strong resistance from 21 EMA (Orange) and 55 EMA (Blue).
โ RSI near 40 levels โ a close below will confirm momentum increasing on the downside.
#StockMarket#Nifty #PriceAction
#SAGILITY โ 52
โ Cup and handle formation.
โ Price near handle breakout levels.
โ 21 EMA (Orange) acting as dynamic support.
โ RSI consolidating near 60 levels, a breakout will confirm momentum on the upside.
#StockMarket#Nifty#PriceAction
#TATASTEEL โ 189
โ Neat breakout from a cup and handle pattern.
โ High buy volume with low sell volume supports the breakout.
โ RSI broke above 60 โ indicates momentum on the upside.
#StockMarket#Nifty#PriceAction
#IDFCFIRSTB โ 84
โ Inverse head and shoulders pattern.
โ After breaking out from the pattern, price retested the neckline breakout levels.
โ Price again broke above the horizontal resistance.
โ RSI closing above 60 will trigger a lot of buy orders.
#StockMarket#Nifty #PriceAction
#JINDALSTEL โ 1076
โ Inverse head and shoulders pattern.
โ Excellent price contraction with 21 EMA (Orange) acting as dynamic support.
โ Upsloping 21 EMA (Orange) and 55 EMA (Blue) to assist price in a breakout.
โ RSI closing above 60 will be a major trigger.
#StockMarket #Nifty #PriceAction
#APLAPOLLO โ 1976
Flag and pole breakout + upmove in progress.
RSI neatly gliding above 60 โ indicates momentum on the upside.
#StockMarket#Nifty#PriceAction
#BEL โ 417
โ Clean ascending triangle pattern - Low risk setup
โ Increasing buy volume supports the setup.
โ RSI close above 60 will trigger a lot of buy orders โ that will confirm momentum on the upside.
#StockMarket#Nifty#PriceAction
#MRPL โ 152
Though broader is still wait and watch for fresh longs, MRPL provides an excellent risk reward oppurtunity
โ Price above all key moving averages.
โ Price confirming support at 233 SMA (Green).
โ Low volume throw backs + High buy volume on upmoves every time near 233 SMA indicates accumulation.
#StockMarket #Nifty #PriceAction
#NIFTY โ 25665
โ Price lost the lower trendline.
โ 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
Nifty 500 โ 23475
โ Price trying to find support near the lower trendline and 144 EMA (Red).
โ Long lower wicks every time near the lower trendline shows the significance of the line.
โ RSI holding above 40 is important.
#StockMarket#Nifty#PriceAction
#DALBHARAT โ 2180
โ One of the strongest cement stocks in formation.
โ Breaking out of all key moving averages.
โ Increasing volume supports the move.
โ RSI breaking above 60, indicates momentum on the upside.
#StockMarket#Nifty#PriceAction
#MPHASIS โ 2780
โ Cup and handle formation.
โ Handle breakout is due.
โ RSI closing above 60 will be the key trigger, confirming momentum on the upside.
#StockMarket#Nifty#PriceAction
#NLCINDIA โ 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