AdarshDey

AdarshDey Updated 

In my previous Nifty Outlook post the findings were that we should expect a reversal of this point and as it is last day of the month(29th Oct) so I expect the correction to be over. And thankfully market respected the pattern and till now it hasn't breached the Low of 29th Oct. The link for the previous study: Now during this entire fall, luckily a Bullish...

AdarshDey Updated 

Reliance Industries Ltd has formed a Bullish Wolfe Wave structure in Hourly chart.This could trigger a target for 2570 to 2676. The SL very strictly stands to be at 2500. The last Analysis done on Reliance was on 31st July 2021 at 2030 Level. And the bottom was very accurately predicted.And rest is History.Link is below Chart & Analysis -ADARSH DEY

AdarshDey

In the process of Wolfe Wave formation. 450-440 is a very good accumulation zone. The reason is the 100 DMA , which has acted as a very strong support earlier and the Fibonacci retracement (Gann Level & Golden ratio level). Wait for it to respect the pattern and confirm a reversal. Then the targets will be update in update idea section. CHART & ANALYSIS - ADARSH DEY

AdarshDey Updated 

KTK BANK is in Wolfe Wave, the good thing is it is about to get triggered. This is a weekly TF chart. Once it gives a weekly closing above 74. Then it will give a stellar move towards 128 ( P4 of Wolfe Wave). Few intermediate targets would be 99-115. This is a stock which you should have for Diwali. Chart & Analysis - Adarsh Dey

AdarshDey Updated 

AXIS BANK: Looking at it through curved trendline, It seems to be at a crucial support an has the chances of rebounding for nearly around 4 -5% of return. Another confirmation would be 0.786 Retracement level of the previous trend. And after so huge fall expectation of a dead cat bounce is not at all superficial. The dual confirmation of curve Trendline and...

AdarshDey

JK PAPER : Currently this is trapped in rectangular pattern consolidation. The upper ceiling stands to be at 253 and lower support is 218. It has been range bound with in this range. Recently it is testing 220*4 HRS Moving average. Previously the up move came after it tested 220*4 HRS Moving average. And hopefully we will see a good up move from now onwards, the...

AdarshDey

Sometimes it's better not to waste time predicting the market. Rather we must focus on the industry. FMCG is among one of the most evergreen industry that historically we have ever seen. The industrialist in this field had always constantly tried to expand geographically and financially. The chart of CNX FMCG indicates a bullishness soon or sooner. And the...

AdarshDey Updated 

It is in Wolfe Wave structure it is expected to generate upside reversal. The targets will be updated later. The SL stands to be at 255 on closing basis. CHART & ANALYSIS BY - ADARSH DEY

AdarshDey Updated 

This company is fundamentally not so annoying, the financial performance is above industrial median. Currently it seems to be really interesting at this point of time on Weekly TF.There are some key points we need to watch: 1. There was a Bearish Wolfe Wave that started forming in early 2016. And the 5th wave of the same was completed in covid pandemic. After the...

AdarshDey Updated 

Please strictly avoid any fresh Buying. And this post is specifically for the long term investors. I assume this may soon start a downtrend because on monthly time frame this is not all promising. It has recently touched the Monthly High TL. The downside reversal is confirmed by a Bearish Wolfe Wave. May be in short term it may bounce till 198. But better avoid...

AdarshDey

(In the last NIFTY OUTLOOK post the Bearish Wolfe has completed its target,Now we may see signs of Bullishness) This is not the very first time that NIFTY has formed a pattern roughly similar to Shooting star on Monthly TF . This has been formed before during the month of October 2020, January 2021 & recently October 2021. Now the few crucial points that I...

AdarshDey Updated 

In the previous post of NIFTY OUTLOOK the weekly target and support was given and alarm for cautiousness was updated. The target was missed by a small margin and as expected NIFTY came rolling down. But the weekly support was not broken and respected Dot to Dot . In-fact a Bullish Wolfe Wave was formed at support which was even updated when nifty was at its...

AdarshDey Updated 

In Bullish Wolfe Wave. This is smaller TF chart. So the target seems to be 965 First. And the SL remains to be 910 on closing basis. There are multiple targets on the upper side, but they will be update once the first target is done. Chart and Analysis - ADARSH DEY

AdarshDey Updated 

The previous week targets and supports were respected dot to dot. The upcoming week is expected to be good but cautiously. The expected target for the upcoming week is 18800 levels once it crosses the black TL drawn. Why the level is so important because it is a cluster point of the COVID downtrend and FEB –APR 2021 downtrend. The weekly support level is 17947.65....

AdarshDey Updated 

GREENPLY INDUSTRIES has formed a Wolfe Wave in Daily TF. As soon as it gets activated then a good return can be generated by the stock. Chart & Analysis ADARSH DEY

AdarshDey Updated 

The stock taking a good Support at 0.5 Retracement level.Volume is even drying up. 32.85-27.55 is a good accumulation zone with a proper SL. CHART & ANALYSIS- ADARSH DEY

AdarshDey Updated 

One of the largest PSU Bank of India has hurted many investors in recent years. Although it needs courage to comment anything about this stock but analysing the pattern carefully, I have started feeling positive about this stock. From its peak the counting of the 5th wave seems completed. But the upside reversal is not yet confirmed.It needs to trade above the 135...

AdarshDey Updated 

Taking the support of Pivot Line(Black Horizontal Line). Recently tested 0.5 Retracement level. Seems like a BUY, detailed explanation will be given later.