Technical Analysis Blog

Tips for Share Market Trading on 26th May 2021

SELL IGPL (NSE Symbol) Sell @ 594.15 or Below after cooling period SIGNAL : EMERGING EVENING STAR FORMATION. SPINNING TOP CANDLESTICK FORMATION WITH HIGHER VOLUME AFTER STEEP RISE IN PRICE. Stop Loss : 624.70 Target : 570.30 (Short term)

sell igpl
igpl share price chart

HOT BUZZING STOCKS (26.05.2021)

NSE SYMBOL      CLOSING RATE

HMVL    91.50
SCHNEIDER    126.35
SHEMAROO    138.95
RAJTV    43.30
WEBELSOLAR    52.80
ADSL    64.95
AURIONPRO    156.55
EMAMIREAL    54.80
TEXMOPIPES    57.00
CINELINE    40.45
MACPOWER    99.80
PGEL    392.75
PANACEABIO    403.70
ISFT    85.45
KIOCL    225.50
RAMKY    86.45
EKC    107.80
IZMO    80.20
LYKALABS    66.55
THOMASCOOK    61.40
MARATHON    57.25
LIBAS    44.70
ADANITRANS    1450.20
ANGELBRKG    714.70

Strategy: TODAY’S PENNANT BREAKOUTS    

BULLISH PENNANT BREAKOUT OF 15  DAY’S HIGH OF FIRST TALLEST CANDLE (FROM CURRENT DAY – 5 DAYS)

SYMBOLNO. OF
TRADES
15 DAY’S
HIGH
 CLOSE % DIF
RAIN76348179.00179.000.00
DMART374263080.003103.850.77
EICHERMOT (F&O)718062583.902625.051.57
DATAMATICS17880140.80144.552.59

BEARISH PENNANT BREAKDOWN OF 15  DAY’S LOW OF FIRST TALLEST CANDLE (FROM  CURRENT DAY – 5 DAYS)

 SYMBOLNO. OF
TRADES
15 DAY’S
LOW
 CLOSE % DIF
GLENMARK (F&O)28074601.60601.550.01
GODREJCP (F&O)30248810.50806.750.46
HDFCLIFE (F&O)77496662.85659.150.56
RALLIS19499305.55302.900.87

Strategy : IMMINENT  PENNANT BREAKOUTS  (Short term)  

1% GREATER THAN 15  DAY’S MID VALUE OF FIRST TALLEST CANDLE (FROM CURRENT DAY – 5 DAYS)

SYMBOLNO. OF TRADESBUY @ or ABOVESTOP LOSSTARGET CLOSETOP OF
TALLEST CANDLE
 % DIF
TATAPOWER (F&O)100548107.6495.11118.21107.45108.00-0.51
APEX17080264.06244.26280.42263.55265.00-0.55
HAPPSTMNDS108604770.06736.13797.66769.00775.00-0.78
POWERGRID (F&O)39780236.39217.67251.89232.90235.00-0.90
TRENT (F&O)17450826.56791.41855.13824.65832.90-1.00
CASTROLIND22060135.14121.06146.94132.65134.55-1.43
AEGISCHEM20802361.00337.81380.06357.40362.60-1.45
HSIL16019213.89196.10228.65211.70214.90-1.51
DEEPAKNTR (F&O)437641806.251754.391848.081805.351837.00-1.75
LXCHEM63786236.39217.67251.89233.60237.85-1.82
SUNTECK18651264.06244.26280.42262.40268.00-2.13
BECTORFOOD27294415.14390.26435.55411.30421.00-2.36

1% LESSER THAN 15  DAY’S MID VALUE OF FIRST TALLEST CANDLE (FROM  CURRENT DAY – 5 DAYS)

SYMBOLNO. OF TRADESSELL @ or BELOWSTOP LOSSTARGET CLOSEBOTTOM OF
TALLEST CANDLE
 % DIF
SBILIFE (F&O)59326961.00999.64930.72965.30961.200.42
TATACHEM (F&O)43509702.25735.40676.34703.45698.350.72
HINDUNILVR (F&O)576732340.142399.802293.162344.052325.050.81
RALLIS19499301.89323.84284.91302.90300.000.96
BEML139901305.021349.891269.781313.151290.001.76
NH10942430.56456.66410.27431.70424.051.77
HINDCOPPER30199169.00185.55156.33169.10165.002.42

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

PERFECT PENNANT TRIANGLE STOCKS  (In the increasing order of closeness to the top of the first tallest candlestick from the current day – 5 Days)

SYMBOL% DIF
DEEPAKNTR (F&O)1.75%
STLTECH2.10%
JYOTHYLAB2.74%
APOLLOTYRE (F&O)2.74%
HAPPSTMNDS3.11%
GSPL3.31%
EIDPARRY4.44%
POLYPLEX4.76%
MIDHANI5.25%
VRLLOG6.23%
KIRLFER7.16%
ITDC7.79%
GODREJAGRO7.98%
ATFL8.55%
KSCL9.71%
BFUTILITIE9.82%
GODREJIND10.44%
GODREJCP (F&O)10.57%
INDOCO11.68%
JINDALSTEL (F&O)13.33%

IMPERFECT PENNANT TRIANGLE STOCKS  (One/Two violations) (In the increasing order of closeness to the top of the first tallest candlestick from the current day – 5 Days)

SYMBOL% DIF
RAIN0.00%
APEX0.04%
SUNPHARMA (F&O)0.34%
TATAPOWER (F&O)0.51%
HEIDELBERG0.62%
HAPPSTMNDS0.78%
POWERGRID (F&O)0.90%
TRENT (F&O)1.00%
APLAPOLLO1.13%
SPARC1.27%
CASTROLIND1.43%
AEGISCHEM1.45%
HSIL1.51%
BAJFINANCE (F&O)1.54%
MANAPPURAM (F&O)1.57%
GHCL1.59%
JUBLPHARMA1.62%
DRREDDY (F&O)1.64%
TVSMOTOR (F&O)1.75%
LXCHEM1.82%
LUPIN (F&O)1.88%
HINDUNILVR (F&O)1.92%
ADANIPORTS (F&O)2.09%
SUNTECK2.13%
DIXON2.23%
BECTORFOOD2.36%
JSWENERGY2.41%
IOLCP2.41%
SBILIFE (F&O)2.43%
HDFCLIFE (F&O)2.45%
ESCORTS (F&O)2.71%
AUBANK (F&O)2.78%
SIEMENS (F&O)3.14%
HINDALCO (F&O)3.18%
NAUKRI (F&O)3.31%
SUMICHEM3.41%
ONGC (F&O)3.58%
BANDHANBNK (F&O)3.67%
COFORGE (F&O)3.83%
SEQUENT4.19%
TINPLATE4.25%
GICRE4.31%
NH4.35%
TORNTPOWER (F&O)4.44%
TATACHEM (F&O)4.50%
TATAMOTORS (F&O)4.52%
STAR4.53%
SRF (F&O)4.67%
BEML4.71%
ARVINDFASN4.72%
CANBK (F&O)4.79%
GLENMARK (F&O)4.94%
GODREJCP (F&O)4.96%

Strategy : TRIANGLE  PATTERN (Intraday/Short term)  

NIL

Strategy : INSIDE CANDLES(Intraday/Short term)

ULTRACEMCO (F&O)  Sell @ 6520  or Below

Strategy : SPINNING TOPS  (Short Term)

(Doji Candlestick pattern near minor Top or Bottom)   

CROMPTON  Sell @ 400  or Below

IGPL               Sell @ 594.15 or Below

Strategy : NR4/NR7 BREAKOUT (EITHER WAY INTRADAY)

PREVIOUS 3 TRADING DAYS CANDLE HEIGHT SHRINKING STOCKS

BSOFT

CYIENT

EVEREADY

RADICO

RML

RUCHI

RUSHIL

SANGHVIMOV

SBIN (F&O)

PREVIOUS 6 TRADING DAYS CANDLE HEIGHT SHRINKING STOCKS

BAJFINANCE (F&O)

KOPRAN

TATAMOTORS (F&O)

Strategy : CONSOLIDATING STOCKS (Trade on Day sentiment)

Closing Level Consolidation

DIXON

INDUSTOWER (F&O)

LUPIN (F&O)

MUTHOOTFIN (F&O)

PURVA

Higher Level Consolidation

APLLTD (F&O)

DABUR (F&O)

DHANI

HCLTECH (F&O)

INDUSTOWER (F&O)

RAMCOIND

RITES

Lower Level Consolidation

BAJAJFINSV (F&O)

BALMLAWRIE

BIOCON (F&O)

CESC

DOLAT

GHCL

INDUSTOWER (F&O)

LTI (F&O)

NAM-INDIA (F&O)

RELIANCE (F&O)

RITES

SBILIFE (F&O)

TCS (F&O)

TRITURBINE

VRLLOG

Strategy : BREAKOUT STOCKS WITH GAPS

GAP UP BREAKOUT STOCKS

BATAINDIA (F&O)

CENTENKA

IGPL

JMCPROJECT

MUTHOOTCAP

PANACEABIO

SHEMAROO

TNPETRO

GAP DOWN BREAKOUT STOCKS

AMARAJABAT (F&O)

Strategy : ENGULFING STOCKS

BULLISH ENGULFING

NIL

BEARISH ENGULFING

ADANITRANS

ANANTRAJ

FDC

HDFCLIFE (F&O)

HIKAL

ICICIPRULI (F&O)

KNRCON

SBICARD

YAARII

Strategy : MARUBOZU STOCKS

BULLISH MARUBOZU PATTERN

EKC

IZMO

BEARISH MARUBOZU PATTERN

NIL

Strategy : BELLHOLD STOCKS

BULLISH BELLHOLD PATTERN

NIL

BEARISH BELLHOLD PATTERN

AARTIDRUGS

AMARAJABAT (F&O)

BEL (F&O)

INDIACEM

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

BUY RECOMMENDATION AT LOWER LEVELS

LAOPALA

SELL RECOMMENDATION AT HIGHER LEVELS

NIL

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

BUY RECOMMENDATION IF THE MARKET IS BULLISH

APTECHT

ASHOKLEY (F&O)

ASTRAL

ASTRAMICRO

AUROPHARMA (F&O)

BANKBARODA (F&O)

BERGEPAINT (F&O)

CANFINHOME

CASTROLIND

COALINDIA (F&O)

EMAMILTD

GODREJCP (F&O)

HINDOILEXP

INDIACEM

INDOCO

INDSWFTLAB

KTKBANK

MGL (F&O)

MUNJALAU

RUPA

SBICARD

SORILINFRA

STARPAPER

SUVENPHAR

THYROCARE

VGUARD

VOLTAS (F&O)

WELCORP

WESTLIFE

SELL RECOMMENDATION IF THE MARKET IS BEARISH

ALLCARGO

BANDHANBNK (F&O)

EPL

EXIDEIND (F&O)

HDFCAMC (F&O)

HDFCLIFE (F&O)

ITI

JINDWORLD

NAUKRI (F&O)

PETRONET (F&O)

PRESTIGE

STAR

SWSOLAR

STOCKS TO BUY FOR INTRADAY       
SCRIP NAME (NSE CODE)PREVIOUS CLOSEBUY AT / ABOVESTOP LOSSTARGET 1TARGET 2TARGET 3TARGET 4
        
TORNTPHARM (F&O)2723.702730.062717.022741.772754.872768.012781.17
ICICIBANK (F&O)650.30656.64650.25662.73669.18675.66682.17
AUROPHARMA (F&O)1022.651024.001016.021031.501039.541047.621055.72
ORIENTELEC301.95306.25301.89310.49314.90319.36323.84
SUNPHARMA (F&O)696.10702.25695.64708.54715.20721.90728.64
STOCKS TO SELL FOR INTRADAY       
SCRIP NAME (NSE CODE)PREVIOUS CLOSESELL AT / BELOWSTOP LOSSTARGET 1TARGET 2TARGET 3TARGET 4
       
RADICO586.20582.02588.06576.29570.30564.34558.42
INDOSTAR303.05301.89306.25297.71293.41289.14284.91
WIPRO (F&O)517.55511.89517.56506.50500.89495.31489.76
PFIZER (F&O)5252.355238.145256.255222.675204.625186.595168.60
MGL (F&O)1138.651130.641139.061122.811114.451106.121097.81

INTRADAY BUY RECOMMENDATIONS IN THE DESCENDING ORDER OF TRADED VOLUME

SYMBOLVOLUMECLOSING PRICEBUY ABOVESTOP LOSSTARGET1TARGET2TARGET3TARGET4
         
GAIL (F&O)26231316155.10156.25153.14159.31162.48165.68168.92
JSWSTEEL (F&O)22058890700.80702.25695.64708.54715.20721.90728.64
JINDALSTEL (F&O)14180170407.65410.06405.02414.93420.04425.18430.35
RAIN10842783179.00182.25178.89185.55188.97192.42195.90
INDHOTEL10713494135.15138.06135.14140.95143.93146.94149.99
BURGERKING8684654152.90153.14150.06156.17159.31162.48165.68
EASEMYTRIP7406948273.55276.39272.25280.42284.62288.86293.12
BSOFT6602142308.65310.64306.25314.90319.36323.84328.35
JKPAPER5760555156.60159.39156.25162.48165.68168.92172.18
RELIGARE5758730106.60107.64105.06110.19112.83115.50118.21
MCDOWELL-N (F&O)4705386588.30594.14588.06599.95606.09612.26618.46
HAPPSTMNDS4663246769.00770.06763.14776.63783.61790.62797.66
TVSMOTOR (F&O)3680651633.90637.56631.27643.57649.92656.31662.73
WOCKPHARMA3261113723.70729.00722.27735.40742.19749.02755.87
EIHOTEL3136878109.25110.25107.64112.83115.50118.21120.94
TIRUMALCHM3089229126.95129.39126.56132.18135.07137.99140.95
SPARC2811731228.80232.56228.77236.27240.13244.02247.94
ASIANPAINT (F&O)27301122914.402916.002902.522928.052941.592955.162968.76
COLPAL (F&O)25507351709.601711.891701.561721.391731.771742.191752.64
TITAN (F&O)25307581569.151570.141560.251579.271589.221599.201609.21
AVANTIFEED2474141554.20558.14552.25563.78569.73575.71581.72
BAJAJCON2354120285.25289.00284.77293.12297.41301.74306.10
OIL2313240134.10135.14132.25137.99140.95143.93146.94
NIACL1927143166.90169.00165.77172.18175.47178.80182.16
PVR (F&O)18336731287.301296.001287.021304.361313.411322.481331.58

INTRADAY SELL RECOMMENDATIONS IN THE DESCENDING ORDER OF TRADED VOLUME

SYMBOLVOLUMECLOSING PRICESELL BELOWSTOP LOSSTARGET1TARGET2TARGET3TARGET4
         
CANBK (F&O)23174514150.45150.06153.14147.09144.07141.09138.13
BEL (F&O)17864946149.20147.02150.06144.07141.09138.13135.21
M&MFIN (F&O)12795886157.30156.25159.39153.22150.14147.09144.07
HDFCBANK (F&O)96184871478.951472.641482.251463.791454.241444.721435.23
CHOLAFIN (F&O)4960155551.55546.39552.25540.83535.03529.26523.53
ICICIPRULI (F&O)3754856531.15529.00534.77523.53517.82512.15506.50
ATGL27036601294.401287.021296.001278.701269.781260.881252.02
SBICARD25939371036.751032.021040.061024.511016.521008.571000.64
PHILIPCARB2211890221.75221.27225.00217.67214.00210.36206.74
JAICORPLTD2172835102.20100.00102.5297.5695.1192.6990.30
CUMMINSIND (F&O)2094171808.55805.14812.25798.46791.41784.39777.40
ADANITRANS20054211450.201444.001453.521435.231425.781416.351406.95
GATI1816449121.00121.00123.77118.32115.62112.95110.31
EMAMILTD1753844499.85495.06500.64489.76484.24478.75473.30
NATCOPHARM17449861051.851048.141056.251040.581032.531024.511016.52
ABFRL1667072184.85182.25185.64178.98175.65172.35169.08
CHENNPETRO1514876130.40129.39132.25126.63123.83121.06118.32
JUBLINGREA1354919471.65467.64473.06462.48457.12451.79446.49
ALEMBICLTD1343740131.00129.39132.25126.63123.83121.06118.32
NEWGEN1263139365.85365.77370.56361.18356.44351.74347.06
ADANIGREEN12122211314.251314.061323.141305.671296.651287.661278.70
RAMCOCEM (F&O)1129237946.10945.56953.27938.36930.72923.10915.52
ALKEM (F&O)11238042905.002902.522916.002890.512877.082863.682850.32
WELCORP1121680144.75144.00147.02141.09138.13135.21132.32
CANFINHOME1037883525.75523.27529.00517.82512.15506.50500.89
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