Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas
Passionate about charts 📈 DM me for a free chart deep dive - Ask me anything on any stock or sector! 📩 wa.me/918754204946 Trichy Joined February 2023-
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Nifty 500 – #Nifty500 – 23,109 ➔ Price has successfully closed above the 233 SMA (Green), with the 21 EMA (Orange) rising above the 55 EMA (Blue) to support price. ➔ As long as price holds above the 233 SMA (Green), buy accumulation can be done.
Nifty 500 – #Nifty500 – 22997 ➔ Price is currently at a point of inflection. ➔ A break above the 233 SMA (Green) will signal a buying opportunity. ➔ RSI is also at a very crucial level – a breakout above 60 will indicate momentum on the upside. #StockMarket #Nifty #Sensex
Nifty 500 – #Nifty500 – 22997 ➔ Price is currently at a point of inflection. ➔ A break above the 233 SMA (Green) will signal a buying opportunity. ➔ RSI is also at a very crucial level – a breakout above 60 will indicate momentum on the upside. #StockMarket #Nifty #Sensex
@ChartsByYogi @Mr_Chartist @stfranklin001 @ChartistEdge @ArindamPramnk @Tradewith_kd @dlohia @trading Good analysis. Keep more analysis coming.
#NAVINFLOUR – 6139 ➔ Price undergoing excellent congestion prior to a breakout. ➔ 21 EMA (Orange) acting as dynamic support. ➔ High buy volume versus low sell volume supports accumulation. ➔ RSI neatly gliding above 60 – indicates momentum on the upside. #StockMarket #Nifty #PriceAction
#DIVISLAB – 6071 ➔ Price consolidating after a cup base formation breakout. ➔ Watching for positive price action build up to initiate long positions. ➔ Rising 21 EMA (Orange) acting as dynamic support. ➔ RSI dipping near 60 levels for support. #StockMarket #Nifty #PriceAction
#GNFC – 451 If you are holding GNFC, watch out! ➔ Price near the lower trendline of the trading range. ➔ Strong resistance from 21 EMA (Orange) and 55 EMA (Blue). ➔ RSI near 40 levels – a close below will confirm momentum increasing on the downside. #StockMarket #Nifty #PriceAction
#SAGILITY – 52 ➔ Cup and handle formation. ➔ Price near handle breakout levels. ➔ 21 EMA (Orange) acting as dynamic support. ➔ RSI consolidating near 60 levels, a breakout will confirm momentum on the upside. #StockMarket #Nifty #PriceAction
#TATASTEEL – 189 ➔ Neat breakout from a cup and handle pattern. ➔ High buy volume with low sell volume supports the breakout. ➔ RSI broke above 60 – indicates momentum on the upside. #StockMarket #Nifty #PriceAction
#IDFCFIRSTB – 84 ➔ Inverse head and shoulders pattern. ➔ After breaking out from the pattern, price retested the neckline breakout levels. ➔ Price again broke above the horizontal resistance. ➔ RSI closing above 60 will trigger a lot of buy orders. #StockMarket #Nifty #PriceAction
#JINDALSTEL – 1076 ➔ Inverse head and shoulders pattern. ➔ Excellent price contraction with 21 EMA (Orange) acting as dynamic support. ➔ Upsloping 21 EMA (Orange) and 55 EMA (Blue) to assist price in a breakout. ➔ RSI closing above 60 will be a major trigger. #StockMarket #Nifty #PriceAction
@hariniv2505 @tradingview @zerodha A multi year breakout with increasing buy volume.
#APLAPOLLO – 1976 Flag and pole breakout + upmove in progress. RSI neatly gliding above 60 – indicates momentum on the upside. #StockMarket #Nifty #PriceAction
@hariniv2505 @tradingview @zerodha @BEL_CorpCom Yes it does. A low risk - high reward setup.
#BEL – 417 ➔ Clean ascending triangle pattern - Low risk setup ➔ Increasing buy volume supports the setup. ➔ RSI close above 60 will trigger a lot of buy orders – that will confirm momentum on the upside. #StockMarket #Nifty #PriceAction
#MRPL – 152 Though broader is still wait and watch for fresh longs, MRPL provides an excellent risk reward oppurtunity ➔ Price above all key moving averages. ➔ Price confirming support at 233 SMA (Green). ➔ Low volume throw backs + High buy volume on upmoves every time near 233 SMA indicates accumulation. #StockMarket #Nifty #PriceAction
@PRSundar64 Nifty IT and Nifty Service will be the sector to watch going forward.
#Nifty – 25665 ➔ Price lost the lower trendline. ➔ 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 – 23475 ➔ Price trying to find support near the lower trendline and 144 EMA (Red). ➔ Long lower wicks every time near the lower trendline shows the significance of the line. ➔ RSI holding above 40 is important. #StockMarket #Nifty #PriceAction
@itsurprem Thts why bases appear before headlines becomes positive, and peaks appear before bad news starts showing up.
#DALBHARAT – 2180 ➔ One of the strongest cement stocks in formation. ➔ Breaking out of all key moving averages. ➔ Increasing volume supports the move. ➔ RSI breaking above 60, indicates momentum on the upside. #StockMarket #Nifty #PriceAction
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