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Prasanth R and Balamurugan are now friends 6 years, 5 months ago
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Balamurugan wrote a new post, Hexaware – Cup pattern about to breakout 6 years, 5 months ago
Cup pattern which lasted for around 2.5 years found in hexaware. It is about to breakout. Current price is 316. Breakout price is 328. There is a good rally for the past 2 days and overall trend for the past 7
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Balamurugan wrote a new post, IDEA – RSI with double bottom 6 years, 6 months ago
RSI in IDEA is used together with double bottom. It increases the profit in this case. RSI above 70 is crossed during the formation of double bottom. Duration of double bottom is one month.Doublebottom is a
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Balamurugan wrote a new post, ONGC Moving average 6 years, 6 months ago
14-EMA forms a very good support and resistance for this stock. EMA based support and resistance is used to trade in this stock in a downtrend.
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Balamurugan wrote a new post, SUNPHARMA Exhaustion gap 6 years, 6 months ago
Day opened with a gap down but eventually filled on the same day itself. Found strong resistance at 494 which happened during breakut gap. Eventually wait to cross this resistance. Upon crossing double bottom
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Balamurugan wrote a new post, TORNTPHARM Runaway gap 6 years, 6 months ago
Gap down Runaway breakup in TOrntPHARM. Voulume was high and the gap was not filled in the next trading days which indicate the strong downtrend. Market gave oppurtunity to trade on the 3rd day which again has high volume.
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Balamurugan wrote a new post, UCALFUEL Breakout gap 6 years, 6 months ago
Bullish breakout observed in UCALFUEL. The target achieved in less than one week. Very high volume during breakout indicates very strong trend reversal. So i take position based on this gap.
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Balamurugan wrote a new post, SBIN Breakoutgap 6 years, 6 months ago
Breakout gap witnessed in SBIN. Sellers showed their strength but the gap got filled in near term.
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Balamurugan wrote a new post, EICHERMOT Area gap 6 years, 6 months ago
A small area gap is formed in the non trending zone. The gap got filled in the next day itself. The gap formed after a bearish engulfing. But eventually the bulls were strong and this is confirmed by the hammer
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Balamurugan wrote a new post, BANKBARODA Hanging man 6 years, 6 months ago
A previous bullish rally and a consolidation and again a bullish rally started. This formation is important because of this previous rally. First sellers entered the zone and price got consolidated and in the
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Balamurugan wrote a new post, COALINDIA Hammer 6 years, 6 months ago
Hammer candlestick spotted in COALINDIA in a prior downtrend.
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Balamurugan wrote a new post, CASTROLIND Evening Star 6 years, 6 months ago
Evening star Doji spotted in a bullish rally along with a significant increase in volume.
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Balamurugan wrote a new post, EICHERMOT Morning Star 6 years, 6 months ago
Morning star pattern observed in a prior downtrend. Slight increase in volume also spotted with this doji.
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Balamurugan wrote a new post, DRREDDY Bullish Piercing 6 years, 6 months ago
Bullish piercing in DRREDDY. Prior strong downtrend observed.
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Balamurugan wrote a new post, DIVISLAB Bearish Piercing 6 years, 6 months ago
Bearish piercing identified in a an uptrend in DIVISLAB.
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Balamurugan wrote a new post, BHARTIARTL Bearish Engulfing 6 years, 6 months ago
Bearish engulfing spotted in BhartiArtl. Short below 356.4 with a stoploss of 374.7 and a target of 338.
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Balamurugan wrote a new post, IBREALEST Bullish Engulfing 6 years, 6 months ago
Bullish engulfing spotted in IBREALEST. Long above 169. One week target is given but the stock achieved the target in 15 days.
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Balamurugan wrote a new post, ASIANPAINT – Triangle Bullish Breakout 6 years, 6 months ago
Bullish breakout in triangle spotted in ASIANPAINT. Increase in volume spotted during breakout. The duration for this triangle is around 3 months.
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Balamurugan wrote a new post, ABAN – Triangle Bearish Breakout 6 years, 6 months ago
Triangle pattern with5 wave correction pattern observed. Time taken to create this pattern was around 3 months. Increase in volume spotted during breakout.
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Balamurugan wrote a new post, NMDC Bearish Flag 6 years, 6 months ago
Bearish flag spotted in NMDC.
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