techtrail

techtrail Updated 

Price has been in a downtrend for a while. There is a perceptible slowdown in downside momentum recently. RSI positive divergence confirms that. Stock offers low risk entry.

techtrail

Price action very promising in the daily time frame. In the weekly chart presented here, price has closed above 50 EMA and ADX showing lots of promise. Let's wait and watch.

techtrail Updated 

After a nice reaccumulation, price registered a breakout and followed it up with another mini-reaccumulation. Price action last week is encouraging with strong green candle and volume pick-up

techtrail Updated 

After a nice downside correction, the next leg of uptrend seems underway. Another stock in my momentum Watchlist

techtrail Updated 

The stock has seen sharp spike recently, pushing ADX past the 25-mark. This suggests strong uptrend in force. The recent rally has however pushed the price to short-term overbought position. Use any pull back method and stop loss method to consider long trades on weakness. Fibs, MA or anything else is fine to spot potential support zones.

techtrail

Nice consolidation and breakout happened in ITC a few weeks ago. Another consolidation happening now. Awaiting breakout for next trending move up. Lot of other technical indicators are supportive. Not getting into it.

techtrail

Will this breakout sustain today? Let's see. Already long in this stock!

techtrail

My observations are annotated in the chart.

techtrail

Price consolidating within an uptrend. Expecting the uptrend to resume soon. Another stock in the watchlist. Look to add this in the portfolio !

techtrail

Looks like price is likely to be range-bound for a while in the Rs.275-425 zone.

techtrail

Price clears minor swing high. Time to draw a upsloping fork. Let's see what is in store now.

techtrail

Price has failed to reach the upper parallel of magenta fork. It has since been moving within the confines of the blue fork. Price now at lower parallel of the blue one. Let's see if price halts here. If it does, the energy point will come into play.

techtrail

Here is the Daily chart of Rcom.

techtrail

Reliance Communication has been in a major consolidation phase in the higher time frame. In the daily time frame, there is a breakout and retest. Guess stock is good to make a trip higher.

techtrail

After multi-month Re-accumulation, IndusInd has managed to stage a breakout and a successful retest of the trading zone. The rally today with huge volume signals resumption of trending move after Re-accumulation.

techtrail

Stock consolidating near support. Expect a rally to the resistance at 570-ish