ALOK INDUSTRIES LTD.| TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK :- ALOK INDUSTRIES LTD.

CMP :- 19.15 (14/10/2023)

ABOUT :- Alok Industries Ltd. is a textile and apparel manufacturing company based in India. It was founded in 1986 and has its headquarters in Mumbai, Maharashtra. Alok Industries is one of the largest vertically integrated textile manufacturers in India.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW 

(CLICK ON ABOVE IMAGE  FOR CLEAR CANDLE STICK CHART VIEW

OBSERVATION :

The above stock shows a good cup & handle chart pattern on a weekly time frame & also can see a breakout from this pattern emerged in last week of AUGUST 2023 and gets re-test with good volume. The stock RSI is approximately around 61 considering a good strength in stock coming days. As its a weekly time frame we can expect the stock to show 20-25% coming weeks and months. Above 21.85 looks good buying opportunity. 

BUYING PRICE :22.00 

TG :- 29 / 43 / 51 

STOP LOSS :- 14.40

Add this stock to your watchlist to understand further price action.

How does CUP AND HANDLE PATTERN WORKS ? CLICK HERE 

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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TRIBHOVANDAS BHIMJI ZAVERI LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK :- TRIBHOVANDAS BHIMJI ZAVERI LTD. (TBZ)

CMP :- 116.95 (08/10/2023)

ABOUT :- Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a prominent and well-established jewelry retail chain in India. The company was founded in 1864 and has a rich history in the jewelry business. TBZ is known for its exquisite jewelry designs and high-quality craftsmanship.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW 

(CLICK ON ABOVE IMAGE FOR CLEAR CANDLE STICK CHART VIEW )

OBSERVATION :

The above chart stock shows a cup & handle pattern on a weekly time frame. A breakout candle emerged in the 2nd week of AUGUST 2023, followed by a retest & rebound driving the stock upward moment. check volume before entering into a trade & stay buying above 113 levels for the target of (25-30%). Above 120 levels looks good buying opportunity.

TARGET :- 136 /158/ 181.

STOP LOSS:- 95.50.

Add this stock to your watchlist to understand further price action.

How does CUP AND HANDLE PATTERN WORKS ? CLICK HERE 

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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INFIBEAM AVENUES LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK :- INFIBEAM AVENUES LTD.

CMP :- 16.10 (09/09/2023)

ABOUT :- Infibeam Avenues is an Indian e-commerce and technology company that offers a range of digital payment solutions and e-commerce services. 

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW 

(CLICK ON ABOVE IMAGE FOR CLEAR CANDLE STICK CHART VIEW )

OBSERVATION :

The stock has created a falling wedge pattern on a weekly time frame & ready for breakout, Once the stock gets breakout of its pattern on weekly time frame & closes above (17.70) levels further we can expect the stock to show good upside momentum coming weeks & months. 

Wait for the stock to gets breakout & closes above its mentioned levels.

Entry price range (17.70 to 18.70)

TARGET :- 22/29/34/39/44

SL :- 10.90

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How does FALLING WEDGE PATTERN WORKS ? CLICK HERE 

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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Jain Irrigation Systems Limited. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : Jain Irrigation Systems Limited.

CMP :- 45.55 (25/07/2023)

ABOUT : Jain Irrigation Systems Limited is an Indian multinational company that specializes in manufacturing and providing solutions for agricultural irrigation. The company has grown to become one of the largest irrigation equipment manufacturers in the world. Jain Irrigation is headquartered in Jalgaon, Maharashtra, India.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON ABOVE IMAGE FOR CANDLESTICK CHART VIEW)

OBSERVATION :

The stock has formed a SYMMETRICAL TRIANGLE pattern on a weekly time frame with breakout, if the stock is able to sustain above its breakout trendline & weekly candle closes above 46.50 levels further we can expect the stock to show good upside rally. Expecting the stock to show 15-20 % upside momentum.

Add this stock to your watchlist to understand further price action.

How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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Gujarat Mineral Development Corporation Limited. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : Gujarat Mineral Development Corporation Limited. 

CMP :- 185.35 (24/07/2023)

ABOUT :GMDC) is a government-owned company in the state of Gujarat, India. Established in 1963, GMDC is engaged in the exploration, mining, and processing of minerals and mineral-based products. The company primarily focuses on minerals like lignite, bauxite, flourspar, manganese, and other valuable minerals found in the state of Gujarat.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (DAILY TIME FRAME )

(click on above image for candle stick chart view)

OBSERVATION :

The stock has been consolidating in a form of RECTANGLE PATTERN on a daily time frame. Once the stock gets breakout of its Resistance zone & Trading above 186/187 levels further we may see good upside momentum. Expecting the stock to show 15-20% upside rally coming days/weeks. 

Add this stock to your watchlist to understand further price action.

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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ASHOK LEYLAND LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : Ashok Leyland ltd.

CMP :- 181.85 (20/07/2023)

ABOUT : Ashok Leyland Ltd. is an Indian multinational automotive manufacturing company headquartered in Chennai, Tamil Nadu, India. It is a flagship company of the Hinduja Group, one of the largest business conglomerates in India. Ashok Leyland is known for producing commercial vehicles such as trucks, buses, and light commercial vehicles.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME )

(CLICK ON ABOVE IMAGE FOR CANDLE STICK CHART VIEW)

OBSERVATION :

The stock has been consolidating for a long time and in a wide range and this week the stock has been closed above its resistance zone of (177.50) with big GREEN ENGULFING candle which means we can expect  the stock to show good upside rally. Expecting the stock to show (20-25%) upcoming weeks/months.

PIVOT POINTS LEVELS : 211/253/295/338.

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Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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GAIL INDIA LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : GAIL INDIA LTD.

CMP : 110.25 (06/07/2023)

ABOUT : GAIL (India) Ltd., formerly known as Gas Authority of India Limited, is a state-owned natural gas processing and distribution company in India. It is the largest natural gas company in the country with a significant presence in the entire gas value chain, including exploration, production, transmission, distribution, and marketing of natural gas and its by-products.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON IMAGE FOR CANDEL STICK CHART VIEW)

OBSERVATION :

The stock has been consolidating in a form of SYMMETRICAL TRIANGLE PATTERN on a weekly time frame. once the stock gets break out of its such pattern we can expect the stock to show upside rally towards 15-20% coming days. Above 113 can see stock to show good momentum for upside.

Add this stock to your watchlist to understand further price action.

How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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LIFE INSURANCE CORPORATION OF INDIA | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : LIC (LIFE INSURA CORP OF INDIA)

CMP : 626.75 (05/07/2023)

ABOUT : The Life Insurance Corporation of India (LIC) is the largest life insurance company in India. It was established in 1956 when the Parliament of India passed the Life Insurance of India Act, nationalizing the private insurance industry in the country. LIC operates as a state-owned insurance group and investment corporation.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (DAILY TIME FRAME)

(CLICK ON IMAGE FOR CANDLE STICK CHART VIEW)

OBSERVATION :

The stock was in a DOWN TREND since the day of listing & recently the stock has give a breakout of its TRENDLINE and getting retest. once the weekly candle of a stock closes above 660 we can expect the stock to show good upside around 15-20% coming day & weeks.

As per pivot points levels the stock is trading near its pivot levels of 626 if its fail to sustain above this further we may see more down side move as per technical analysis  

Add this stock to your watchlist to understand further price action.

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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PNB | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : PUNJAB NATIONAL BANK LTD.

CMP : 57.35 (05/07/2023)

ABOUT : Punjab National Bank (PNB) is a banking and financial services company based in India. It is one of the largest public sector banks in India and has a significant presence throughout the country.

TECHNICAL ANALYSIS CANDLESTICK CHART VIEW(WEEKLY TIME FRAME)

(CLICK ON IMAGE CANDLE STICK CHART VIEW)

OBSERVATION :

The stock has been consolidating for a long time and in a wide range and is currently approaching the side ranges high which can act has RESISTANCE. As per technical analysis once the stock gets break out of its resistance, it usually travels the distance equal to the height of the consolidation.

Above 60 can show upside rally, however there is a level acting as major resistance zone around (70/71) if this levels are broken further we can expect (15-20%) upside momentum coming weeks/months.

Add this stock to your watchlist to understand further price action.

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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GRASIM INDUSTRIES | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : GRASIM INDUSTRIES 

CMP : 1772.90 (04/07/2023)

ABOUT : Grasim Industries is an Indian conglomerate company that is part of the Aditya Birla Group. It was founded in 1947 and is headquartered in Mumbai, Maharashtra, India. Grasim Industries operates in various sectors, including viscose staple fiber (VSF), cement, chemicals, and textiles.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON IMAGE FOR CANDLESTICK CHART VIEW)

OBSERVATION :

The stock has been in a consolidation for about a year now and has recently formed a SYMMETRICAL TRIANGLE pattern in the weekly time frame. The stock is very close to the resistance of the pattern and once the stock gets breakout of its pattern we can see some good up move coming weeks/months. Expecting (25-30%) upside rally. weekly candle closing above 1810 levels  will be show power to stock for upside momentum.

Add this stock to your watchlist to understand further price action.

How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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TATA CONSUMER PRODUCT LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : TATA CONSUMER PRODUCT LTD.

CMP : 863.55 (03/07/2023)

ABOUT : Tata Consumer Products Ltd. (formerly known as Tata Global Beverages Limited) is a subsidiary of the Tata Group, one of India's largest multinational conglomerates. Tata Consumer Products focuses on the production, marketing, and distribution of beverages and food products. It was formed as a result of the merger between Tata Global Beverages Limited and the consumer products business of Tata Chemicals Limited in 2020.

(TECHNICAL ANALYSIS CANDLE STICK CHART VIEW)

(CLICK ON ABOVE IMAGE FOR CANDLE STICK CHART VIEW)

OBSERVATION :

After making a ALL TIME HIGH of 889 the stock has formed FLAG AND POLE pattern on a weekly time frame. Once the stock gets breaks out of its pattern we can expect the stock to show 15-20% upside rally coming weeks /months. weekly candle closes above 890/900 can get more power for upside momentum.

Target :- 970/1,080/1188/1290.

How does FLAG AND POLE PATTERS WORKS (CLICK HERE)

You may add this to your watchlist to understand further price action.

Note : It's important to note that the  is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.

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SAIL. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : STEEL AUTHORITY OF INDIA (SAIL)

CMP : 85.50 (01-07-2023)

ABOUT : Steel Authority of India Limited (SAIL) is one of the largest state-owned steel-making companies in India. It is a public sector undertaking (PSU) and operates as an integrated steel producer. SAIL was established in 1973 and is headquartered in New Delhi, India.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON ABOVE IMAGE FOR CANDLE STICK CHART VIEW)

OBSERVATION :

Stock has formed a SYMMETRICAL TRAINGLE pattern on a weekly time frame. once the stock gets breakout of its pattern above 86-87 levels further we may see good upside rally. 

Expecting the stock to show (15-20%) returns coming weeks/months.

Add this stock to your watchlist to understand further price action.

How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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HDFC ASSET MANAGMENT COMPANY | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : HDFC ASSET MANAGMENT 

CMP : 2295.65 (01-07-2023)

ABOUT : HDFC Asset Management Company Limited (HDFC AMC) is one of the leading asset management companies in India. It is a subsidiary of Housing Development Finance Corporation Limited (HDFC), one of the largest housing finance companies in India. HDFC AMC offers a wide range of investment products and services to individual and institutional investors.

TECHNICAL ANALYSIS CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON ABOVE IMAGE FOR CANDLESTICK CHART VIEW)

OBSERVATION :

As we can see the stock was in a DOWN TREND since 13th SEP 2021, Taking a good support of its pivot points levels & consolidate and formed a DOUBLE BOTTOM pattern and ready for breakout. Once the stock gets break out of its neckline (resistance zone) we can expect the stock to travels a distance equal to the height of the DOUBLE BOTTOM pattern. 

• Expecting stock to give rally up to (30-40%) coming weeks /months.
• Above 2300 can show good momentum.

How DOUBLE BOTTOM pattern works ? ( click here )

You may add this stock to your watchlist to understand further price action.

Note : It's important to note that the  is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.

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RBL Bank LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : RBL BANK LTD.

CMP : 174.25 (28/06/2023)

ABOUT : RBL Bank Ltd., formerly known as Ratnakar Bank Limited, is a scheduled commercial bank in India. It was founded in 1943 and is headquartered in Mumbai, Maharashtra. RBL Bank offers a wide range of banking products and services to individuals, businesses, and corporates.

TECHNICAL ANALYSIS CANDLESTICK CHART VIEW(WEEKLY TIME FRAME)

(CLICK ON ABOVE IMAGE FOR CANDLE STICK CHART VIEW)

OBSERVATION :

The stock has been into a consolidation in the form of CUP AND HANDLE pattern on a weekly time frame. Once the stock gets break out of its pattern and weekly candle closes above 180 further we may see up side rally. As per pattern ,it usually covers distance equal to the height of the cup, So expecting the stock to show (15-20%) up side momentum. Good to add this stock in your portfolio for swing trading(2-3weeks).

How does CUP AND HANDLE pattern works? (click here)

You may add this stock to your watchlist to understand further price action.

Note : It's important to note that the  is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.

LTIMINDTREE LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : LTIMINDTREE LTD.

CMP : 5163.05 (27-06-2023)

ABOUT : LTIMindtree Limited is an Indian multinational information technology services and consulting company headquartered in Mumbai. One of the leading Big Tech companies.

TECHNICAL ANALYSIS CANDEL STICK CHART VIEW (DAILY TIME FRAME)

(CLICK ON ABOVE IMAGE FOR CANDLE STICK CHART VIEW)

OBSERVATION :

As we can see the stock has been consolidating since 11th NOV 2022 and had formed a DOUBLE BOTTOM pattern on a daily time frame. currently the stock is trading near its resistance zone. once the stock gets break out of its neckline (resistance zone) further we may see up side rally towards equal distance from bottom to neckline. Expecting (20-25%) returns coming days/ weeks.

ABOVE 5230 LEVELS  CAN BE GOOD BUYING OPPRTUNITY.

How DOUBLE BOTTOM pattern works ? ( click here )

You may add this stock to your watchlist to understand further price action.

Note : It's important to note that the  is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.

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