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Tag Archives: Uptrend

Venkys Stock Price action indicates an overextended Uptrend in weekly chart

Venky’s Stock prices – Focus on the Trend in Weekly Chart

By Trading Predator March 16th, 2018 No Comments

Venky’s Stock prices are trending higher since 2015. Within a matter of 3 years, Share prices climbed from 210 to 4175, that’s more than 500% returns! Despite multiple corrections and retest, share prices managed to make higher highs because of renewed buying interest and momentum of in the stock. Richard Wyckoff would refer these types

Ashok Leyland Price action - Upside breakout in daily chart

Ashok Leyland Price action – Be cautious with the Breakout

By Trading Predator March 12th, 2018 No Comments

Ashok Leyland stock prices had excellent run since the beginning of 2017. In early 2017, share prices were trading at 75, fast forward to march 2018, market price is 147. That’s almost 96% gain in less than one and half years! Despite government budget and other black swan events in recent months, Share prices didn’t

Price action indicates over extended uptrend in Maruti Shares

Here’s the Primary Reason for Price action Uptrend in Auto Stocks

By Trading Predator January 4th, 2018 No Comments

In the year 2017 auto stocks managed to outpace the benchmark equity index. In the past year, Sensex gained 28 percent whereas BSE Auto index soared 32 percent. First time since 2013, car and SUV sales surpassed 3 million in 2017, despite the GST rollout and demonetization turbulence. According to the initial estimates, there was

Keep an eye on the Price action and resistance zone in Crude Oil

Crude Oil Uptrend will get tested by Inventories and Resistance zone

By Trading Predator October 18th, 2017 No Comments

Declining dollar value and decreasing inventories caused crude oil prices to trend higher from 2740 to 3475 over the period of 5 months (June – Oct). Crude oil attracted bets of Institutions and Hedge funds with stellar performance. But in coming days, intermediate uptrend in crude Oil will get tested by rising inventories and potential