rtfofficial1618

rtfofficial1618 Updated 

GLENMARK PHARMA is in a strong Bullish trend and has formed a Bullish Reversal (W Pattern) pattern in it's Daily timeframe. The neckline of the W pattern is already broken with a strong candle having decent volume. Targets 1 & 2 are calculated using the XABCD Pattern of Harmonics. Maximum or all quantity should be booked between Target 1 and Target 2. Aggressive...

rtfofficial1618 Updated 

ALKEM LAB is Bullish in Higher Timeframes and price is making a Higher-High structure in Hourly timeframe which is going along with the trend in bigger timeframes. Consider the levels for Intraday; entry should be made according to price-action in smaller timeframe, may be 5 mins. These levels are only for Cash segment, NOT FnO! Targets are calculated according...

rtfofficial1618 Updated 

CDSL has given a strong breakout of it's ATH on monthly basis with a strong bullish candle having great volumes. The ATH level has been retested and now it is getting for another rally.

rtfofficial1618 Updated 

Bharti Airtel is near its ATH; an attempt has been made to break it but still below the breakout level. This week's closing will decide whether to consider it for a mid-long term swing. Target is calculated according the ABCD pattern of Harmonics.

rtfofficial1618 Updated 

Reliance Industries is making continuous Higher-Highs on higher timeframes. So it is very obvious that we can see a new ATH above 3050 (exact current ATH is 3025, but we are taking some buffer as it is one of the most manipulated high beta stock). Target is calculated using the ABCD pattern of Harmonics. Once price tries to break the current ATH, shift to 15 min...

rtfofficial1618

LIC HOUSING FINANCE is highly bullish in larger timeframe, and is continuously making higher highs. So, there is a chance it can retest it's ATH and can give a successful breakout. Targets are calculated according to simple price-action theory. Please follow risk management in condition like this where market is overbought. This stock can give a potential return...

rtfofficial1618 Updated 

Track Reliance above 2958 for Intraday today. Target is calculated using XABCD pattern of Harmonics. Entry can be made if a 1 min candle closes above 2958.50.

rtfofficial1618 Updated 

Avenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according...

rtfofficial1618 Updated 

In SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly. Targets for mid to...

rtfofficial1618 Updated 

Bajaj Auto is currently near it's ATH, and is getting ready for another rally in short term. The target is calculated using the ABCD pattern of Harmonics. Current daily candle tried to break ATH level but gave a closing below it. So, candle closing above 8700 will decide whether it will move upside or not. However, this is a perfect example of price action of a...

rtfofficial1618 Updated 

On monthly basis, price has made a significant correction and is currently at the Fibonacci level of 0.618, which is the "Golden Ratio" for a price. The whole area from 2000 to 2150 is a huge demand zone for the buyers to accumulate in bits. The price will confirm it's change of structure above 2800 on a higher timeframe.

rtfofficial1618

BankNifty is trading within a range (46600 in the upper side and 46300 in the downside), so there is no scope for option buyers within this range (option sellers can deploy non-directional strategies as long as market stays within this range); they should wait for range shift for a directional trade. Traders should be conservative in their position sizes if there...

rtfofficial1618

The current monthly chart is showing a perfect price-action for value-investing. The main advantage why we should consider reversal trading as our best-shot strategy is a good risk-to-reward ratio. The XABCD patterns for the current impulse wave helps us to find out the potential long term targets for the scrip.

rtfofficial1618

We can see a strong breakout on monthly basis in " Apollo Hospitals ". The current monthly candle is undergoing a retracement to test the level of breakout. If the breakout is genuine, after retracement, there will be signs of bullish reversal. This indicates that the current trend is about to continue and for that I've used the ABCD pattern of Harmonics to find...