Certified Analyst

Volume Explanation on Chart

VOLTAS LTD. – WEEKLY I do not how many of us will trade this type of pattern on WEEKLY BASIS because in this case we have to wait month & month to reach our target. But if we talk about…

CUP & HANDLE – VIP INDUSTTIES – DAILY VIP formed a long CUP & HANDLE pattern and breaks the neckline of cup. It has been acknowledge longer the cup base higher the chance of return. Since this is a long…

AMBUJA CEMENT – HEAD & SHOULDER PATTERN – DAILY Chart is showing head & shoulder pattern in Ambuja cement. Neckline is formed around 173 level and height of head from neckline is 22 points. It gave us signal that once…

TATACHEMICALS – CUP & HANDLE A long accumulation can be seen in tata chemicals from Aug’13 to Oct’13 and it was making a rounding bottom formation which is also a bullish signal. The cup neckline is around 285-286 level and…

SYNDICATE BANK – CUP & HANDLE PATTERN – DAILY Even though this stock formed a cup & handle formation but I am not convinced with the target. Height of CUP is around 18 points and it gave a 12-13 point…

AMBUJA CEMENT – DOUBLE BOTTOM – DAILY CHART It is a pretty good example of double bottom formation. Double bottom formed around 170 level and neckline formed at 181 level i.e. 11 point height. So there is high probability that…

SSLT – DOUBLE TOP ON DAILY CHART A case of double top formed in SSLT. It gave 10-12 point in this pattern after breaking the neckline. Even though, I am not convinced in this case because it has not achieved…