Following are the few stocks which are looking good for this week. The charts are analyzed on the 15 min, 30 min, hourly and 4-hour timeframe.

Nifty –

Nifty 15 min chart, in last trading session Nifty open gap-down and made low of 10819 (in yesterdays analysis we discussed Nifty support which was at 10814).  Now Nifty made Flag formation expecting a gap up opening after observing global markets. Nifty hourly Supply Zone is at 10036 – 11003, I will avoid ling in this zone. Nifty has small support near 10874 & demand zone near 10823 – 10812

Arvind –

Arvind Ltd 4 hourly chart, the stock is in the downtrend but it is still trading in between the big Doji/Pinbar. It is also forming some falling wedge type setup, so I am taking the risk here hoping for some reward. But I will enter after some confirmation signal.

Avanti Feeds Ltd –

Avanti Feeds Ltd hourly chart, the stock is in reversal after forming the double bottom. From the last two-three trading sessions some good price action is taking place. Observe the pattern in the stock and how it is moving after forming big candle stock retrace and the big move. Hoping for the same today.

Axis Bank Ltd – 

Axis Bank hourly chart, after giving the flag breakout the stock is trading in the range and formed a triangular pattern. Some big move may happen in Axis bank, I will be waiting for the entry.

Canfin Homes Ltd – 

Canfin Homes 15 min chart, the stock is in the channel. In the last trading session stock closed at higher levels but below the previous swing high. If both previous swing highs broke then expecting some good rally.

Cholamandalam Fin –

Cholamandalam fin 15 min chart, the stock formed doji and then tweezer bottom which indicates bulls are getting stronger and not allowing bears to take stock further lower.

Divis Lab – 

Divis lab hourly chart, the stock formed the double bottom and now on the move. I am hoping that it will test the previous swing high.

HDFC Bank –

HDFC Bank 15 min chart, the stock is trading in the channel and also formed flag and pole formation. It gave channel as well as flag breakout in the last candle. If it managed to hold breakout then expecting good rally otherwise it will test lower line of the channel.

Karur Vyasa Bank – 

Karur Vyasa Bank 4 hourly chart, again my favorite pattern flag and pole breakout. and also broke previous swing high and managed to close above it a bullish sign. This will be a positional stock idea.

National AluminiumCo Ltd – 

National Aluminium 15 min chart, the stock is trading in the ascending triangle breakout will trigger a good rally in National ALuminum.

Repco Homes Finance Ltd –

Repco Homes 15 min chart, triangular formation in the process, yesterday it was unable to cross the previous swing high. SO today expecting some move in the stock.

V-Guard Ind Ltd –

V-guard hourly chart, the stock was trading in the down channel but broke the channel and also broke flag formation.

Disclaimer – 

The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display. 

 


2 Comments

Nagendra Pal · December 19, 2018 at 9:28 am

Ur doing good work it help to trade and knowledge .thanks

    Naren Kadam · December 20, 2018 at 7:29 am

    Thank you, Sir

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