Chart Analysis by Santhosh Muthukumaran 📈🎋 @ChartAtlas
Passionate about charts 📈
DM me for a free chart deep dive - Ask me anything on any stock or sector! 📩wa.me/918754204946 Trichy & SingaporeJoined February 2023
#NEWGEN – 916
➔ Notice the high buy volumes and the low sell volumes.
➔ RSI steadily rising from below 40 levels to close to 60 levels – indicates momentum buildup.
When to Enter: On a price close above 55 EMA (Blue).
When to Exit: On a price close below 21 EMA (Orange).…
#ANANDRATHI – 2977
Gained 44% ↗️ since analysis tweeted at 2066.
➔ Price making step-by-step up move with no weakness found.
➔ Heavy buy volume with very low sell volume.
➔ RSI comfortably surging above 60 – indicates momentum on the upside.
➔ Positive moving average…
#ADANIPOWER – 649
Notice how well 21 EMA (Orange) and 55 EMA (Blue) have supported the price in the up move.
➔ Price retested the previous swing high levels and looks ready to move up.
➔ RSI closed above 60, retested the breakout support at 60 and is now surging above.
When…
#ADANIPOWER – 649
➔ Price forming a neat base with 55 EMA (Blue) as the support.
➔ Price closed above 21 EMA (Orange) and is surging well.
➔ RSI took a base support at 40 levels and then closed above 60 this week – indicates momentum buildup.
➔ Notice the heavy buy volume…
#ACMESOLAR – 319
We saw the long upper wicks in the weekly chart in the previous tweet which indicated supply.
➔ On the daily chart, price has taken out those supply levels with the support of 21 EMA (Orange).
➔ Notice the high buy volumes and very low sell volumes.
➔ RSI…
#ACMESOLAR – 319
➔ IPO base breakout.
➔ The previous long upper wicks indicated supply in those areas but price this week has made a strong breakout.
➔ Notice the heavy buy volumes and low sell volumes.
➔ RSI surging above 60 – indicates momentum on the upside.
Lets see…
#AADHARHFC – 507
➔ Price making a clean symmetrical triangle pattern with 21 EMA (Orange) as the dynamic lower trend line.
➔ The key trigger here to watch will be an RSI close above 60 – indicates momentum on the upside.
When to Enter:
On a breakout above symmetrical triangle…
#ASHOKLEY – 137
Gained 5% ↗️ since analysis tweeted at 131.
➔ As expected, price broke above the flag pattern.
➔ Strong closing + good buy volume supports the breakout.
➔ RSI closed above 60 – indicates momentum on the upside.
#StockMarket#Nifty#Sensex#PriceAction
#ASHOKLEY – 137
Gained 5% ↗️ since analysis tweeted at 131.
➔ As expected, price broke above the flag pattern.
➔ Strong closing + good buy volume supports the breakout.
➔ RSI closed above 60 – indicates momentum on the upside.
#StockMarket#Nifty#Sensex#PriceAction https://t.co/1ZaNIczEGZ
#ENDURANCE – 2968
➔ Price moved above the resistance line with breakout attempt + pullback + breakout.
➔ Rising 21 EMA (Orange) and 55 EMA (Blue) to support price in case of a pullback.
➔ RSI surging neatly above 60 – indicates momentum on the upside.
When to Enter:
➔ Price…
Watchlist for the week ahead, filtered from 200+ high RS names (screener shared in the last thread).
These are the strongest setups on my radar.
Bookmark for later reference. Mega thread 🧵
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