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#DIVISLAB β 6071
β Price consolidating after a cup base formation breakout.
β Watching for positive price action build up to initiate long positions.
β Rising 21 EMA (Orange) acting as dynamic support.
β RSI dipping near 60 levels for support.
#StockMarket#Nifty#PriceAction
#GNFC β 451
If you are holding GNFC, watch out!
β Price near the lower trendline of the trading range.
β Strong resistance from 21 EMA (Orange) and 55 EMA (Blue).
β RSI near 40 levels β a close below will confirm momentum increasing on the downside.
#StockMarket#Nifty#PriceAction
#SAGILITY β 52
β Cup and handle formation.
β Price near handle breakout levels.
β 21 EMA (Orange) acting as dynamic support.
β RSI consolidating near 60 levels, a breakout will confirm momentum on the upside.
#StockMarket#Nifty#PriceAction
#TATASTEEL β 189
β Neat breakout from a cup and handle pattern.
β High buy volume with low sell volume supports the breakout.
β RSI broke above 60 β indicates momentum on the upside.
#StockMarket#Nifty#PriceAction
#IDFCFIRSTB β 84
β Inverse head and shoulders pattern.
β After breaking out from the pattern, price retested the neckline breakout levels.
β Price again broke above the horizontal resistance.
β RSI closing above 60 will trigger a lot of buy orders.
#StockMarket#Nifty#PriceAction
#JINDALSTEL β 1076
β Inverse head and shoulders pattern.
β Excellent price contraction with 21 EMA (Orange) acting as dynamic support.
β Upsloping 21 EMA (Orange) and 55 EMA (Blue) to assist price in a breakout.
β RSI closing above 60 will be a major trigger.
#StockMarket#Nifty#PriceAction
#BEL β 417
β Clean ascending triangle pattern - Low risk setup
β Increasing buy volume supports the setup.
β RSI close above 60 will trigger a lot of buy orders β that will confirm momentum on the upside.
#StockMarket#Nifty#PriceAction
#MRPL β 152
Though broader is still wait and watch for fresh longs, MRPL provides an excellent risk reward oppurtunity
β Price above all key moving averages.
β Price confirming support at 233 SMA (Green).
β Low volume throw backs High buy volume on upmoves every time near 233 SMA indicates accumulation.
#StockMarket#Nifty#PriceAction
#NIFTY β 25665
β Price lost the lower trendline.
β 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 β 23475
β Price trying to find support near the lower trendline and 144 EMA (Red).
β Long lower wicks every time near the lower trendline shows the significance of the line.
β RSI holding above 40 is important.
#StockMarket#Nifty#PriceAction
#DALBHARAT β 2180
β One of the strongest cement stocks in formation.
β Breaking out of all key moving averages.
β Increasing volume supports the move.
β RSI breaking above 60, indicates momentum on the upside.
#StockMarket#Nifty#PriceAction
#MPHASIS β 2780
β Cup and handle formation.
β Handle breakout is due.
β RSI closing above 60 will be the key trigger, confirming momentum on the upside.
#StockMarket#Nifty#PriceAction
#NLCINDIA β 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
#PAYTM β 1319
β Taking support at 21 EMA (Orange).
β Watching for a breakout above the price congestion.
β A close above RSI 60 will confirm momentum on the upside.
#StockMarket#Nifty#PriceAction
#PAYTM β 1318
β Excellent support from 55 EMA (Blue) every time.
β Good support from RSI 40, indicates range movement and not a downtrend.
β A break above the trading range will confirm a good buying opportunity.
#StockMarket#Nifty#PriceAction
#NEWGEN β 916
β Notice the high buy volumes and the low sell volumes.
β RSI steadily rising from below 40 levels to close to 60 levels β indicates momentum buildup.
When to Enter: On a price close above 55 EMA (Blue).
When to Exit: On a price close below 21 EMA (Orange).
#StockMarket#Nifty#Sensex#PriceAction