
Chart Analysis by Santhosh Muthukumaran 📈🎋
@ChartAtlas
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Passionate about charts 📈 DM me for a free chart deep dive - Ask me anything on any stock or sector! 📩
Trichy & Singapore
Joined February 2023
Nifty Consumer Durables - #NIFTY_CONSR_DURBL - 37550. Price made a bearish envelope of all the moving averages: 21 EMA (orange), 55 SMA (blue), and 144 SMA (red). #stockmarket #india #nifty #sensex
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#NUVOCO - 440. ➔ Double bottom pattern with a close above the 21 EMA (orange). ➔ Target is at 🎯560, which is a 28% gain ⬆️ from the current price. ➔ RSI is above 60, which indicates strong upside momentum. #stockmarket #india #nifty #sensex
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#CAPLIPOINT - 2111. ➔ Notice closely how price made a low volume downmove, followed by high volume + strong closings. ➔ This indicates weak hands were pushed out and smart money has entered. ➔ Keep the stock in your watchlist. ➔ Target is at around 🎯2600, which is a 24% gain
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#CAPLIPOINT - 2111. ➔ Price is refusing to go below and has confirmed support at the 55 SMA (blue). ➔ Target is at around 🎯2600, which is a 24% gain ⬆️ from the current price. ➔ Buying volume is increasing this week, which suggests a growing dominance of buyers. #stockmarket
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#NETWORK18 - 58. Notice how price is making a "step progress" above the 21 EMA (orange). Price is sandwiched between the 21 EMA (orange) and 55 SMA (blue). A close above 70 will confirm long term trend change. #stockmarket #india #nifty #sensex
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#BPCL - 319. Price is confirming support at the 144 SMA (red) with a strong closing and high volume, which suggests significant buying interest. A close above 21 EMA (orange) will trigger buy orders. Target is at 🎯355, which is a 12% gain ⬆️ from the current price. RSI has
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#BPCL - 319. ➔ Notice this week's candle - a pin bar - with a long lower wick. ➔ Price is confirming support at the 21 EMA (orange) - ready to head up. ➔ Target is at 🎯355, which is a 12% gain ⬆️ from the current price. #stockmarket #india #nifty #sensex
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#MFSL - 1552. ➔ On the weekly chart, price made a retracement to the 21 EMA (orange). ➔ On the daily chart, price today opened directly above the 21 EMA (orange) and stayed above it. ➔ Increased buying volume today suggests another buying opportunity used by smart money.
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#MFSL - 1552. ➔ Price retraced to near the 21 EMA (orange) + made an upmove this week. ➔ RSI bounced from exactly the 60 level support, which indicates strong upside momentum. ➔ Increasing buying volume, which suggests a growing dominance of buyers. #stockmarket #india #nifty
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#GPPL - 157. ➔ Price inside the trading range. ➔ Morning star pattern at the lower trendline. ➔ Price has reclaimed the 55 SMA (blue). ➔ A close above the 21 EMA (orange) will signal a low-risk, high-reward opportunity. #stockmarket #india #nifty #sensex
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#GPPL - 157. Price is forming a round resistance top alongside the 55 SMA (blue). Taking support at the 21 EMA (orange), which is crucial to hold. #stockmarket #india #nifty #sensex
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#LICI - 913. ➔ Bump and run formation with confirmed support at the round base. ➔ Today, price closed above the 21 EMA (orange). ➔ Long upper wick today - wait for further positive price action near current levels to add positions. #stockmarket #india #nifty #sensex
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#LICI - 913. Price is finding support at the 55 SMA (blue) and made an upmove this week. Buying volume has increased this week, which signals a positive shift in buyer interest. #stockmarket #india #nifty #sensex
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#KAJARIACER - 1309. ➔ Bump and run pattern. ➔ Price closed above the previous swing high. ➔ Strong closing + heavy buying volume, which signals significant buying interest. #stockmarket #india #nifty #sensex
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Nifty Auto - #CNXAUTO - 23475. As long as price holds above the 233 SMA (green), the sector is considered to be giving accumulating opportunities. #stockmarket #india #nifty #sensex
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#CUMMINSIND - 3807. ➔ Price is in a strong uptrend. ➔ A long upper wick + a long lower wick today indicates indecision. ➔ A further positive price action near current levels will signal buy orders. ➔ RSI is surging above 60, which indicates strong upside momentum.
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#CUMMINSIND - 3807. Gained 7% ↗️ since analysis tweeted at 3569. ➔ Price is making an upmove from the round base formation support. ➔ Heading to a horizontal target at 🎯4100, which is an 8% gain ⬆️ from the current price. ➔ Heavy buying volume + strong closing, which signals
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Gained 7% ↗️ - #CUMMINSIND. Analysis shared at - 3569.Current price - 3807. 👉 Updated chart and analysis in the next tweet. #stockmarket #india #nifty #sensex.
Cummins India – #CUMMINSIND - Weekly 📈 - CMP 3569. ➔ Keeping stock in watchlist. ➔ Heading to target at 🎯4100 (which is a 15% gain ↗️ from current price). ➔ RSI surging above 60, confirming momentum on the upside. #stockmarket #nifty #nifty50 #priceaction. @Technicalchart1
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#MAHABANK - 56. ➔ Price inside trading range. ➔ Price formed a morning star pattern near the lower trendline + 144 SMA (red) support. ➔ Buying volume is increasing today, which indicates dominance of buyers and aggressive accumulation. ➔ RSI reclaimed the 40 levels.
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#GICRE - 393. Watching for a buying opportunity once price closes above the 233 SMA (green), which confirms a trend change. RSI close above 60 will confirm momentum, which will indicate strong upside momentum. #stockmarket #india #nifty #sensex
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