gorantla.vinod

The stock formed Double bottom between October to December.

it took more than 2 months.

There was good volume at 2nd bottom.

Trade plan: ACC-Double bottom – Bullish – Long position can be considered

Entry@1525, Stop Loss@1370, Target@1750

The stock formed hammer pattern on 26mar 2015 with good volume and real body also in green color.

RSI @35 Level

Trade Plan: ICICIBANK – Hammer – Bullish – Long position can be considered.

Entry@313.7, Stop Loss@302.6, Target@325

The stock formed engulfing pattern in 10 june 2015 with previous day bullish body fully covered by latest bearish body and volume was also very good last 2 days.

there was recent rally from 202 to 243

RSI was at 60 level

Trade Plan: AMBUJACEM – Engulfing  – Bearish – Short position can be considered.

Entry@228, Stop Loss@238, Target@208

The stock formed Piercing pattern on 16 june 2015 with bearish body covered by 50% of latest bullish body.

and previous day also fully covered by latest bullish body.

RSI was at 34 level which signifies  the stock was oversold/undervalued

Trade Plan: ACC – Piercing pattern – Bullish – Long position can be considered.

Entry@1392, Stop…[Read more]

The stock formed Piercing pattern on 16 june 2015 with bearish body covered by 50% of latest bullish body.

and previous day also fully covered by latest bullish body.

RSI was at 34 level which signifies  the stock was oversold/undervalued

Trade Plan: ACC – Piercing pattern – Bullish – Long position can be considered.

Entry@1392, Stop…[Read more]

The stock formed engulfing pattern after significant rally from 646 to 921.

on engulfing day jan30, 2015, volume was good and latest bullish body covered by bearish body and next day also continue the same.

Even RSI signified that it crossed level 70 that means the stock was over bought/ over valued.

Trade Plan: ASIANPAINT -Engulfing bearish -…[Read more]

The stock formed Doji on 28 apr 2015 after signficant fall from 263 to 223 and volume also very good on doji day

RSI signified that price is undervalued/over sold since RSI was @30 level

Trade Plan: AMBUJACEM-DOJI – BULLISH – Long position can be considered

Entry@231, Stop Loss@224, Target@247.

Higher tops, Higher bottoms, Lower tops and lower bottoms identified for the stock BPCL.

As per the Dow theory, trade plan should be as per the trend but not against it.

On breakout the previous higher top, there was good volume.

Trade Plan: BPCL – Dow theory Bullish – Long position can be considered

Entry@880, Stop Loss@812, Target@1000

Higher tops, higher bottoms, Lower tops and Lower bottoms identified in Stock BHEL.

As per the Dow theory, trade plan as per the trend.

if you see the trend for the stock was bullish between may 2015 to july 2015.

there was a good traded volume when the price crossed previous higher top.

even the higher top and higher bottom is in line with…[Read more]

Bajaj auto stock formed hanging man pattern with good volume.

Even, Moving average, which signifies the trend, confirms down trend

in this case, short position can considered.

Trade Plan – BAJAJAUTO – Hanging Man bearish – Moving average

Entry@2438, Stop Loss@2491, Target@2300

LT stock formed Engulfing pattern with strong volume with recent price rally

RSI also confirmed the level 70 which indicates the stock is being overvalued price.

Trade plan: LT – Engulfing pattern – bearish – short position can be considered – RSI

Entry@ 1817, Stop Loss@1893, Target@1657

Exide stock formed exhaustion gap mar 13 with good volume.

Trade Plan: ExideInd – Exhaustion Gap Bearish

Entry@189, Stop Loss@200, Entry@165

<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Open Sans’; font-size: 13px; line-height: 20px;”>The stock formed Hanging bearish pattern with high volume.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Open Sans’; font-size: 13px;…[Read more]

The Stock formed Hanging bearish pattern with high volume which appears after bullish trend

Hanging man had bearish body with long upper shadow and no lower shadow

Trade Plan: HDFCBANK – HANGING MAN BEARISH – Entry@685, Stop Loss@700, Target@650

The attached chart shows Bearish Runaway Gap.

Volume was also high on runaway day

Day’s close was almost runaway day low

Short position can be considered.

Mr.Murugan: i would like you to have your guidance on trade plan in this case.

Breakout gap appears after trading range.

area gap was not filled

volume was high

Trade Plan: HCLTECH – Breakout Gap Bullish

Entry@898, Stop Loss@830, Target@1000