Pranam18

Pranam18

Stock has been in accumulation phase from 6 months. Today is a good breakout with huge volume and some news for overall sector. Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to...

Pranam18

Stock has been in accumulation phase from 6 months. Today is a good breakout with huge volume and some news for overall sector. Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to...

Pranam18 Updated 

Stock corrected after listing. Formed Cup and handle. It broke out from its handle with big volume. It is now retesting its support with low volume. SO it think its good opportunity.

Pranam18

Double bottom pattern in hudco. Big spike in volume and delivery qty (checked on NSE's website) on breakout of neck. Wait for Retest to support at around 230 Risk to reward ratio of more than 3.

Pranam18

NIIT has completed cup and handle formation. It has broke out of handle and it is trying to re-test the breakout level, which will now act as support. Dividing capital in small parts and keep adding in range of 217-200 might be be good strategy. Can also added when price touches 21 EMA. NEVER CHASE STOCKS. KEEP CALM AND ADD ONLY IF IT REACHES YOUR LEVEL. REGRETS...

Pranam18

Long term chart of Nifty is still in uptrend. Recent event of US election has caused some turbulence in the market. Though market has not fallen much (Its just 9% from the top). People are getting impatient. Nifty is near 200 day moving average. Nifty has formed Tweezer bottom pattern near its support. I think nifty has bottomed out at least for some time now. ...

Pranam18

1. Stock is following 100 DEMA religiously. 2. Very strong bullish candle at 100 DEMA. It has taken support multiple times in the past. 3. Volume- 2.4x, Del Qty- 1.6x 4. New long in futures- OI change +5.9% 5. Stop Loss- 5% only

Pranam18

Bharat Dynamics which was already in nice uptrend has currently taken a pause. When it was move up, it formed big range candle with big volume (in May month), then when it halted, its first pulled back with lower volume. Whenever there is green candle, there is big volume and where there is red candle there is low volume. Volume completely dried at second...

Pranam18

Reliance recently raised its mobile tariff. So the stock is in news. Stock was trading in a range (rectangle pattern, darvas box, accumulation stage. After the announcement of the tariff hike by the company, its stock price broke out from the range. This breakout could be the continuation of the uptrend of the stock, and in coming days we have see further rise in...

Pranam18 Updated 

Ultratech Cement has broken out of a rectangle pattern, also known as a Darvas box. I missed the entry opportunity, so I will wait for a retest of the support level, which was previously resistance. If I see any bullish candle during the retest, I may enter. Also look at the consistency of earnings and revenue. Always prioritize risk management and proper...

Pranam18

Asian Paint's stock price has been stagnant over the last 2-3 years, indicating it is not currently on the radar of investors and traders. On the monthly time frame, it is forming a rectangle or Darvas box pattern. However, if we look at the company's revenue and earnings figures, they are steadily rising. More importantly, its total assets and gross income are...

Pranam18

Incorporated in 1970, SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers You can see SRF in trading in nice range in weekly timeframe. Sales is in very good uptrend since long time, only last years sales was just below its previous year. Important point is company is consistently expanding its...