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#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
#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
#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
#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
#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
#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
#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
#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
#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
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
#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
#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
#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