rohitkaran

rohitkaran Updated 

Bullish flag breakout in Canara Bank. Long with targets of 109/118/124 with stop at 104.

rohitkaran Updated 

There is a bullish reciprocal AB=CD on Federal Bank with targets of 55.5-56

rohitkaran Updated 

An inverted head and shoulders pattern has formed in DXY hourly. Watch for a level above 93.70 for a move to 94.80. This may very well be the reversal on the shorter term chart which would confirm that DXY has bottomed and on a path towards 98 in a few weeks/months time. if this pattern is confirmed, we can see some corresponding correction in Metals and EM equities.

rohitkaran Updated 

Reliance has retraced 50% from the recent highs and has formed a bullish AB=CD pattern. There is a trendline support as well. Odds favour long. Buy for 2070-2080 with a stop below 1995.

rohitkaran Updated 

5 waves down done. Time for a reversal. Can see 98 in a few months.

rohitkaran Updated 

ICICI Bank closed below the trendline support at 325. On short term P&F charts there is a triple bottom break. Targeting 285 with a stop above 325.

rohitkaran Updated 

Indigo is at trendline resistance. waiting for a break above 985, for a move to 1100. stop at 950

rohitkaran Updated 

Nifty is bouncing off the trendline resistance zone, there is also a negative divergence in hourly charts. short here for a target of 8800, followed by 8600

rohitkaran Updated 

SPX has formed a cup and handle pattern and can retest 2950-3100 zone.

rohitkaran

Daily chart - channel break and an inverted cup and handle pattern formed. 30mins PnF chart- triple bottom break Decent chances of testing 300 with a 420 stop here.

rohitkaran Updated 

Try to look for bottom formation in CNXMetal. Wave C can lead to 50% returns over next 3 to 6 months

rohitkaran Updated 

Initiate shorts keeping 161-162 as stop for an eventual move back to 135

rohitkaran Updated 

AB=CD on Zee Entertainment. Go long at 195 for 245 with a stop at 185.

rohitkaran Updated 

Add Banknifty at CMP 28800 till 28600 with a stop at 28500 for a move to 30000-30300

rohitkaran Updated 

If Axis doesn't close below 680 over the next few days, there is a strong possibility of it testing the kijun line at 715.

rohitkaran Updated 

Look to add USDINR spot upto 71.90 for a move towards 73.40 and 75 Coronavirus and Slow growth can hurt flows in India which is a current account deficit country

rohitkaran Updated 

Adding long to Dow futures a on account of formation of a Alt-Shark pattern. Looks at hitting 26500 to 27500 zone. MACD is extremely oversold and hence a reversal can happen on the indicated lines.

rohitkaran Updated 

DXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart