Charts Of The Week | Swing Trading | Stock Market Education | Sunil Gurjar | Hindi

Finance With Sunil • 7 days ago

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What This Video Is About

This video discusses six stocks that are attempting to break out with different patterns, including Sky Gold, FSL, GSCL, Anand Rathi, a stock with a head and shoulder reversal pattern, and PC Jewellers. The speaker, Sunil Gurjar, analyzes each stock's chart, highlighting key resistance areas and patterns.

Major Ideas Discussed

  • Sky Gold is trading above its 30 and 50 EMA, indicating a positive medium-term trend, and has formed a basing pattern that could lead to a breakout.
  • FSL is forming a cup and handle pattern, a reversal pattern, with a resistance area around 299-300.
  • GSCL has shown one-way momentum and is not falling even when the market is falling, with a resistance area around 730.
  • Anand Rathi is forming a right-angled descending broadening wedge pattern, with a resistance area around 2242.
  • The fifth stock is forming a head and shoulder reversal pattern, with a resistance area around 4868, and has been moving in the opposite direction of the market.
  • PC Jewellers has been making a resistance for about 8 years and is now ready to break out, with a resistance around ₹1.

What to Watch Next

The speaker suggests reviewing these stocks for study and learning purposes if they break out of their respective resistance areas, particularly focusing on the price action, volume action, and structure of PC Jewellers.