Technical Analysis Blog

Investment in Share Market Tips on 23rd February 2021

BUY CHOLAFIN (NSE Symbol) Buy @ 529 or Above after cooling period. SIGNAL : FIRST FAILED ATTEMPT OF BULLISH PENNANT BREAKOUT. SECOND ATTEMPT EXPECTED AT ANY TIME. Stop Loss : 500.90 Target : 552 (Short term)

cholafin share price

HOT BUZZING STOCKS (23.02.2021)

NSE SYMBOL      CLOSING RATE

CMICABLES    56.70
IIFL    236.25
ONMOBILE    115.75
IZMO    51.00
ACRYSIL    316.30
GANESHHOUC    46.20
HNDFDS    2392.60
TANLA    912.15
YAARII    158.55
CGPOWER    54.70
OPTIEMUS    141.30
ANANTRAJ    45.80
RAMKY    64.90
XPROINDIA    54.30
BHARATWIRE    41.55
ISFT    62.70
SHILPAMED    365.90
EMAMIREAL    53.45
FSC    95.40
TEJASNET    207.80
MAGMA    119.00
VETO    127.30

All SYMBOLS are for NSE CASH MARKET

Strategy : TODAY’S PENNANT BREAKOUTS      

BULLISH PENNANT BREAKOUT OF 15  DAY’S HIGH OF FIRST TALLEST CANDLE (FROM CURRENT DATE)
SYMBOLNO. OF TRADES15 DAY’S HIGH CLOSE % DIF
CDSL94606584.00590.951.18
 
BEARISH PENNANT BREAKDOWN OF 15  DAY’S LOW OF FIRST TALLEST CANDLE (FROM  CURRENT DATE)
 SYMBOLNO. OF TRADES15 DAY’S LOW CLOSE % DIF
M&MFIN (F&O)79198207.50207.200.14
ICICIGI (F&O)477871472.001466.150.40
IRCTC923741626.001615.850.63
RBLBANK (F&O)85601239.00236.501.06
BAJAJELEC36983937.85924.901.40
LT (F&O)2604341474.001452.201.50
APOLLOTYRE (F&O)69925232.00228.401.58
BHARTIARTL (F&O)205271580.25570.301.74
UJJIVAN17167237.00231.902.20
FINPIPE11052645.05629.102.54
ASHOKLEY (F&O)94301125.90122.153.07
GODREJPROP (F&O)408561491.101444.603.22
BAJAJ-AUTO (F&O)598914100.103971.553.24
MASTEK138761169.951131.753.38

Strategy : IMMINENT  PENNANT BREAKOUTS  (Short term)

1% GREATER THAN 15  DAY’S MID VALUE OF FIRST TALLEST CANDLE (FROM CURRENT DATE)
SYMBOLNO. OF TRADESBUY @ or ABOVESTOP LOSSTARGET CLOSETOP OF TALLEST CANDLE % DIF 
BRIGADE14700289.00268.27306.10284.95292.90-2.791.27
1% LESSER THAN 15  DAY’S MID VALUE OF FIRST TALLEST CANDLE (FROM  CURRENT DATE)
SYMBOLNO. OF TRADESSELL @ or BELOWSTOP LOSSTARGET CLOSEBOTTOM OF TALLEST CANDLE % DIF 
SBICARD365561016.021055.72984.881019.351011.000.82-1.04

Strategy : PENNANT TRIANGLE  PATTERN (Algorithmic/Intraday/Short term)

Stocks on the verge of breakout on either side (Bullish/Bearish) are identified by drawing the candlestick chart for a few days (say 15) People Try to identify a triangle like pattern by joining the tops and bottoms of candlesticks from the last trading day backwards. Such triangles are called Pennants. The top of the first tallest candlestick from the right side of the chart will offer very stiff resistance and the bottom will offer very strong support. Whenever these levels are broken a strong breakout (up to 20%) is likely on that side. Persons who do algorithmic trading, Intraday stop loss trading or swing/short term trading want to identify such stocks. We help them by identifying such stocks on daily basis.

PERFECT PENNANT TRIANGLE STOCKS (Trading opportunity from 23 Feb 21)

(In the increasing order of closeness to the top of the first tallest candlestick from the current date)

ASTRAL

PIIND

SYMPHONY

DHANI

IEX

NILKAMAL

KNRCON

MUNJALSHOW

INSECTICID

IMPERFECT PENNANT TRIANGLE STOCKS

(One/Two violations) (Trading opportunity from 23 Feb 21)

(In the increasing order of closeness to the top of the first tallest candlestick from the current date)

CHOLAFIN

AARTIIND

RADICO

BRIGADE

SBICARD

MGL

PIIND

AFFLE

VIPIND

KALPATPOWR

MANGLMCEM

INDOCO

CARERATING

COROMANDEL

CONCOR

ICICIGI

MOTHERSUMI

CUMMINSIND

GRSE

ICICIGI

GREENPLY

BASF

NESCO

Strategy : TRIANGLE  PATTERN (Intraday/Short term)

NIL  

Strategy : INSIDE CANDLES (Intraday/Short term)

ONGC (F&O)    Sell @ 103 or Below

DLINKINDIA     Sell @ 112 or Below

KPITTECH       Sell @ 130 or Below

ORIENTELEC Sell @ 264 or Below

Strategy : SPINNING TOPS  (Short Term)

(Doji Candlestick pattern near minor Top or Bottom)

 NIL

Strategy : NR4/NR7 BREAKOUT (EITHER WAY INTRADAY)

PREVIOUS 3 TRADING DAYS CANDLE HEIGHT SHRINKING STOCKS

BALRAMCHIN

GAIL (F&O)

KHADIM

PREVIOUS 6 TRADING DAYS CANDLE HEIGHT SHRINKING STOCKS

NIL

Strategy : CONSOLIDATING STOCKS (Trade on Day sentiment)

Closing Level Consolidation

BLISSGVS

CHOLAFIN (F&O)

KITEX

Higher Level Consolidation

 ASTERDM

HINDZINC

INFIBEAM

KPITTECH

MIRZAINT

Lower Level Consolidation

ALEMBICLTD

GSFC

SPENCERS

Strategy : BREAKOUT STOCKS WITH GAPS

GAP UP BREAKOUT STOCKS

ACRYSIL

ADORWELD

CGPOWER

CMICABLES

JAGRAN

KARDA

ONMOBILE

RKEC

SHREYAS

VISHAL

GAP DOWN BREAKOUT STOCKS

EIHOTEL

IRISDOREME

ITC (F&O)

Strategy : ENGULFING STOCKS

BULLISH ENGULFING

DPABHUSHAN

BEARISH ENGULFING

EMAMIREAL

GICRE

GODREJIND

GULPOLY

MARKSANS

TCS (F&O)

Strategy : MARUBOZU STOCKS

BULLISH MARUBOZU PATTERN

IIFL

BEARISH MARUBOZU PATTERN

TEJASNET

VETO

Strategy : BELLHOLD STOCKS

BULLISH BELLHOLD PATTERN

SECURKLOUD

BEARISH BELLHOLD PATTERN

ALEMBICLTD

FSC

MAGMA

SADBHAV

TRITURBINE

Strategy : GARTLEY SIGNAL(W & M Patterns)(INTRADAY )

BUY RECOMMENDATION AT LOWER LEVELS

NIL

SELL RECOMMENDATION AT HIGHER LEVELS

NIL

Strategy :  Swing Trading (FOR THE ATTENTION OF SWING TRADERS )

BUY RECOMMENDATION IF THE MARKET IS BULLISH

BAJFINANCE (F&O)

DOLLAR

GICHSGFIN

HAL

KESORAMIND

M&M (F&O)

MAHINDCIE

MANGLMCEM

MGL (F&O)

RAJESHEXPO

SCHNEIDER

SCI

TATAMOTORS (F&O)

TATAMTRDVR

TVSMOTOR (F&O)

VOLTAS (F&O)

SELL RECOMMENDATION IF THE MARKET IS BEARISH

ALLCARGO

AMARAJABAT (F&O)

ASIANPAINT (F&O)

BALMLAWRIE

BALRAMCHIN

BOMDYEING

BSE

CESC

CIPLA (F&O)

DEN

ENGINERSIN

FDC

GLENMARK (F&O)

HDFCAMC

INDHOTEL

IRB

ISEC

MIDHANI

MINDTREE (F&O)

NLCINDIA

SHALBY

SHK

TATACOFFEE

TECHM (F&O)

TITAN (F&O)

UFO

ZENTEC

ZYDUSWELL

STOCKS TO BUY FOR INTRADAY       
SCRIP NAME (NSE CODE)PREVIOUS CLOSEBUY AT / ABOVE STOP LOSSTARGET 1TARGET 2TARGET 3TARGET 4
        
FORTIS159.35159.39156.25162.48165.68168.92172.18
HEROMOTOCO (F&O)3414.153422.253407.643435.173449.843464.533479.26
MANGLMCEM271.50272.25268.14276.25280.42284.62288.86
SOMANYCERA420.45425.39420.25430.35435.55440.78446.04
GRASIM (F&O)1230.501233.771225.001241.941250.761259.621268.51
STOCKS TO SELL FOR INTRADAY       
SCRIP NAME (NSE CODE)PREVIOUS CLOSESELL AT / BELOW STOP LOSSTARGET 1TARGET 2TARGET 3TARGET 4
       
GRSE198.70196.00199.52192.61189.16185.73182.34
BERGEPAINT (F&O)729.85729.00735.77722.63715.92709.25702.60
VINYLINDIA123.40121.00123.77118.32115.62112.95110.31
SUDARSCHEM499.95495.06500.64489.76484.24478.75473.30
HDFCBANK (F&O)1548.001540.561550.391531.531521.761512.021502.31
INTRADAY BUY RECOMMENDATIONS IN THE DESCENDING ORDER OF TRADED VOLUME        
SYMBOLVOLUMECLOSING PRICEBUY ABOVESTOP LOSSTARGET1TARGET2TARGET3TARGET4
         
HINDALCO (F&O)45975603316.10319.52315.06323.84328.35332.90337.47
TATASTEEL (F&O)28149109684.55689.06682.52695.29701.90708.54715.20
ADANIPORTS (F&O)16739107673.80676.00669.52682.17688.72695.29701.90
TATACHEM (F&O)16020738637.15637.56631.27643.57649.92656.31662.73
HAPPSTMNDS12792823557.85558.14552.25563.78569.73575.71581.72
INDUSTOWER10993150266.35268.14264.06272.11276.25280.42284.62
ADANIENT (F&O)10890564805.90812.25805.14818.98826.15833.35840.58
JSWSTEEL (F&O)9371697406.10410.06405.02414.93420.04425.18430.35
TORNTPOWER (F&O)9015836380.25385.14380.25389.87394.82399.80404.81
GREAVESCOT5815213110.20110.25107.64112.83115.50118.21120.94
CDSL3654440590.95594.14588.06599.95606.09612.26618.46
GNFC3647378237.90240.25236.39244.02247.94251.89255.87
AMARAJABAT (F&O)2932938904.90907.52900.00914.60922.18929.78937.42
TRENT1665511816.35819.39812.25826.15833.35840.58847.84
BDL1242770350.10351.56346.89356.09360.82365.58370.38
INTELLECT979622448.85451.56446.27456.66462.02467.41472.83
MOIL962788147.25150.06147.02153.06156.17159.31162.48
ADANIGREEN9566381141.451147.521139.061155.421163.931172.481181.05
LUMAXTECH770519148.20150.06147.02153.06156.17159.31162.48
CGCL546138356.75361.00356.27365.58370.38375.20380.06
HERITGFOOD477269323.75324.00319.52328.35332.90337.47342.08
AARTIIND4424121222.351225.001216.271233.151241.941250.761259.62
SHIL388231305.60306.25301.89310.49314.90319.36323.84
QUESS353318719.75722.27715.56728.64735.40742.19749.02
ERIS349158581.00582.02576.00587.77593.84599.95606.09
INTRADAY SELL RECOMMENDATIONS IN THE DESCENDING ORDER OF TRADED VOLUME        
SYMBOLVOLUMECLOSING PRICESELL BELOWSTOP LOSSTARGET1TARGET2TARGET3TARGET4
         
TATAMOTORS (F&O)57723298304.50301.89306.25297.71293.41289.14284.91
SBIN (F&O)52535049389.50385.14390.06380.44375.58370.75365.95
ITC (F&O)51546288207.05206.64210.25203.16199.62196.10192.61
NTPC (F&O)30636415102.05100.00102.5297.5695.1192.6990.30
ICICIBANK (F&O)27092321609.85606.39612.56600.55594.44588.36582.31
COALINDIA (F&O)20401387136.25135.14138.06132.32129.46126.63123.83
IBULHSGFIN (F&O)19406041220.00217.56221.27214.00210.36206.74203.16
AXISBANK (F&O)18123202719.45715.56722.27709.25702.60695.99689.41
CANBK (F&O)16543568154.70153.14156.25150.14147.09144.07141.09
POWERGRID (F&O)14512980224.95221.27225.00217.67214.00210.36206.74
RBLBANK (F&O)13378881236.50236.39240.25232.68228.88225.11221.38
ZEEL (F&O)12740682201.80199.52203.06196.10192.61189.16185.73
DLF (F&O)11647381294.10293.27297.56289.14284.91280.70276.53
RELIANCE (F&O)109856972008.102002.562013.771992.391981.241970.131959.04
WIPRO (F&O)10666087418.70415.14420.25410.27405.22400.20395.21
APOLLOTYRE (F&O)10223609228.40225.00228.77221.38217.67214.00210.36
RECLTD (F&O)9830165139.50138.06141.02135.21132.32129.46126.63
BEL (F&O)9555001130.30129.39132.25126.63123.83121.06118.32
INDUSINDBK (F&O)94122651022.901016.021024.001008.571000.64992.75984.88
BANDHANBNK (F&O)7973772326.90324.00328.52319.68315.22310.80306.40
UPL (F&O)7702962539.75534.77540.56529.26523.53517.82512.15
MANAPPURAM (F&O)7577013167.35165.77169.00162.64159.47156.33153.22
INFY (F&O)73713031265.201260.251269.141252.021243.181234.381225.61
AMBUJACEM (F&O)7287185266.95264.06268.14260.15256.13252.14248.19
LT (F&O)61681081452.201444.001453.521435.231425.781416.351406.95
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