VigneshIyer

VigneshIyer

Similar to the charts I shared earlier, the index has taken support. This time the support is on the earlier trendline and 0.5 retracement is marginally lower. Here as well the bounceback is not high in volumes to change the trend. Looks possible a new sell starts here and 0.5-0.618 support will come. Will go long after 3 green candles

VigneshIyer

BSE smallcap took support at 0.5 retracement support levels. The bounceback is decent but i only see broader distribution happening and not a strong comeback. Will wait for 3 green candles before going long. If this bounceback is sold, can see lower level including possibly a support at 0.618 retracement

VigneshIyer

Tracking this company for almost 6-8 months now and having traded few times. Looks like this time the entry would be difficult to time. Waiting for 0.5 retracement + the breakout retracement both levels around 7000-7150. Lets see how it pans out

VigneshIyer Updated 

AGS transact tech was earlier in news with their new cards for bangalore and chennai metro where their Ongo cards are replacing the old metro close loop cards. Technically their was some volume earlier and the in the smaller time frame the range has seen some volume breakout followed by retesting. 128, 160 in sight? lets hope

VigneshIyer

The stock had seen some action earlier and broke out and now close to retesting the earlier breakout levels. Risk reward 1:1

VigneshIyer Updated 

Setup is quite good and some encouraging volumes can be seen as well. multi month breakout is quite clear.

VigneshIyer Updated 

Sl at 119 is ideal for the pattern. Some volume plus Favourable RSI would push the price by another 30 bucks easily.

VigneshIyer Updated 

Channel based movement evident in last few months for PRestige Estate. SEtup is quite interesting, but volume still lower. I would have one eye on volumes to give some signs of brekaout. ideal sl 499

VigneshIyer Updated 

Weekly charts for this week should be interesting. 3 working days vs 6 working days last week vs normal 5 working days. Starting with #IFBindustries which has broken out of channel, interesting and worth keeping eye on. good Gudiance was given by management last quarter in earnings call. Worth keeping eye on

VigneshIyer

For sometime the textile sector has been impacted due to slower offtake in export markets and large inventories, but the same seems to be turning around (even though UK FTA is sometime away) , PGIL in last 4 quarters has stabilized the numbers despite the headwinds. The same can be seen in the price which has been rangebound for sometime with a breakout retest...

VigneshIyer

Company on back of Revilimid sales has been posting beyond expectation numbers now and every quarter there is a conesensus the sales would top. But the product seems to have takers in export markets. On back of it and the guidance given by management in Q4FY24 call, this stock is as cheap as it comes. Moving away from narrative stocks , this is actually a cheap...

VigneshIyer Updated 

IRCON in my experience has been massive when it comes to triggering my SL, but the setup here is interesting. Flag breakout should stand ideally lets see

VigneshIyer Updated 

Stock has been under some buzz lately and the volume and price action seems to be strong. Already 12mn volume inside first 2 hrs of trade which is more than last few sessions.

VigneshIyer Updated 

Stock has been range bound for good amount of time now and has seen a decent breakout recently with retesting happening post which stock is poised for newer highs

VigneshIyer Updated 

Multi year charts screams a buy? but is it a buy really. Monthly closing above 100 would be massive boost. Any monthly close below the trendline is a weak sign

VigneshIyer Updated 

Time to take out the 400 levels from year 2007-2008 once 350 is crossed. Frist murugappa group, then kirloskar group and now welspun group. Multi year bo and points marked

VigneshIyer

Stock has rallied post results were out and now RSI has stretched in BlissGVS. Technically stock is enroute highest volume since 2019 and another 17 days to go for the month to end. Watching if stocks like Bliss do respect technical or not #BlissGVS . Rest have market the resistance and support

VigneshIyer

The patch that are highlighted in the chart clearly dictates the pattern this specific company follows after some consolidation each time. Hoping to a new rally towards 500 before another round of consolidation.