karthikmarar

karthikmarar May 28

We had a look at this chart earlier when it moved above the short term moving averages and 200 DMA set up for good move. Now we can see a nice Contraction pattern. The spring is being compressed for a good explosive move. This will be an interesting chart to watch...

karthikmarar Dec 16, 2024

This is just a learning exercise. We had anticipated a good move from this stock. However, 1230 was the trigger point for the Up move Now let us do a bar to bar analysis. Refer the box marked “A”. We can see there was a sideways move or a consolidation happening. We can see the prices clustering together and the volume became low. It Indicated accumulation going...

karthikmarar Updated  Dec 13, 2024

Currently we can see many of stocks which had substantially come down from their highs are in the recovery mode. We will be covering some of these in the coming few days. We will start with the first one which is Bharat Dynamics Ltd. The stock saw a bearish down move of more than 15% and ended up below the 200 DMA. Now it looks like it is on the recovery mode....

karthikmarar Dec 10, 2024

The next recovery stock which we are going to look at is HUDCO or the Housing and Urban Development Corporation Limited. The stock saw a drop or reversal of 15% and was pushed below the 200 DMA and from there it has been recovering. As you can see now, it is above the 200 DMA and also the short-term moving averages. It has started making a higher high on the...

karthikmarar Oct 31, 2024

The stock had undergone a big correction even before the recent small cap index correction. The stock fell almost 28% from 475 to 340. It was pushed below the 200 DMA, from where it has been recovering. Even during the recent correction in the small cap index, the stock was in fact showing lot of strength and the relative strength compared to the small cap index...

karthikmarar Oct 20, 2024

The stock after facing price rejection in the range of 224 to 241 was pushed down to the 50 DMA. It moved almost sideways in the last three months. Recently we saw some interest coming back into the stock with the relative strength and the money flow turning positive and the volume was also increasing. The stock remained very strong during the recent weakness we...

karthikmarar Oct 17, 2024

From the week starting 30th sept. we saw a big drop of 2400 points on increased volume. Then the last two week we saw a almost side ways move in a small range of 500 points on much lower volume. Now the Index is at a crucial level, which is a previous support zone. If the index holds at the current levels, we can expect some more consolidation before a recovery....

karthikmarar Oct 15, 2024

The stock was in an uptrend and met with some price rejection in the range of 436 to 451, then it was pushed down to below 50 DMA. Then we saw some strength coming back below the 50 DMA and then today we saw an “Effort to move up” bar. Now the price is at the supply line and once the supply line is broken then we can see the stock testing the previous rejection...

karthikmarar Oct 10, 2024

The stock has been moving up slowly and on the weekly, it has been making higher highs and higher lows. Also, it has been repeatedly bouncing from the 200 DMA. Currently after making a higher high on the weekly, it was pushed down back to the 200 DMA from where it has been bouncing. Now it has moved past the short-term moving averages as well. In the last few...

karthikmarar Oct 10, 2024

The stock after a buying climax bar in the month of July was overwhelmed with the supply of the BC bar and was pushed down to below the 50 DMA levels. Then it started accumulating around the 50 DMA and now it's finally getting pushed above the short-term moving averages. And all the key parameters like the relative strength, absolute strength, the money flow,...

karthikmarar Sep 1, 2024

The stock has been moving almost sideways with a upward bias for the last eight months. However, recently you can see that in the weekly it has been making a higher, high and higher lows. Now the stock has successfully moved out of this sideways range and also it has crossed above the supply line in the top. The move was with very high volumes. You can see a...

karthikmarar Aug 31, 2024

We can see Volatility contraction, clustering of closes and contraction of spreads. So, we can see some expansion next week. If it is on the downside then it will go below 1500 which will a "Break of Structure" on the weekly. So, if someone is holding, time to book profits. If the expansion is on the upper side the stock will test 1840 levels. The background is...

karthikmarar Aug 30, 2024

The stock had been in a downtrend for more than 15 months, losing almost 45% in value. In the last three months it was seeing some recovery and finally now it seems to be out of the woods. We can see the stock is making a higher high and higher low on the weekly and we can see a change of character in the weekly as well. Now finally the stock is decisively going...

karthikmarar Aug 10, 2024

The stock after nearly 10 months of consolidation had come out of the consolidation zone and now it is attempting to take out the previous supply zone as well. As we can see in the weekly chart, the relative strength and the money flow index are positive. In the daily chart as well, you can find the relative strength, the buying pressure are all positive. However,...

karthikmarar Aug 8, 2024

After almost two months of side ways move the stock is on the verge of taking out the previous Price Rejection Zone. My checklist all ticked right Relative Strength Buying Pressure Increased volume Money Flow Absolute Momentum Increased Delivery volumes There is a high probability of the stock moving into the next Higher trajectory. A positive close above 527...

karthikmarar Aug 5, 2024

This is one of the very few stocks that stood strong in a very weak market. Today when most of the stocks were going down heavily, this one stood quite strong. It has also made a very nice consolidation pattern, almost a cup and handle pattern. So, any good move above the handle would propel the stock to much higher levels. The Positivity will really come into...

karthikmarar Jul 30, 2024

The stock, after a long consolidation of more than 2 years, made an impressive up move in late May, early June period. Then it met with supply around 344-410 levels. Then again it consolidated for almost 2 months taking support in the previous Major PRZ. Now it is trying to move out of this supply zone. All the other parameters like relative strength, money flow,...

karthikmarar Jul 29, 2024

The stock was already in a up trend. It faced Price Rejection around 720 level and retreated. Took support at the previous support zone and gearing to move up. Money flow is positive. RS is also on the verge of turning positive. We can good delivery volumes indicating interest longer term buyers. Now likely to test the PRZ . Hence we could see a quick 10-15% up move.