brainyAccount81243

brainyAccount81243 Updated 

AUROPHARMA : is making ascending triangle pattern with lower highs and higher lows which means it can give breakout in any direction with. On lower side 1160 is the immediate support and on upper side LTH (1145) is the resistance. For long term view please refer below link :-

brainyAccount81243 Updated 

Bank nifty making triangular pattern with higher lows and lower highs taking into account last 4 swing peaks which means it can give breakout in either of the direction. For now it is supposed to traverse towards ~47850-47950 once it crosses below 48200 in next 2 days means by 31st May. Then if market anticipate stable govt on 4th June it must take support and...

brainyAccount81243 Updated 

IREDA has completed C&P pattern and as per that it has target of 250. Most likely if this week it closes above 185 then it is a positive sign. The target depends a lot on Election Result euphroia, in case of stable govt formation PSU stocks are likely to show rally. * It is not a trade advise but technical analysis shared based on my understanding of patterns...

brainyAccount81243 Updated 

ASHOKLEY (ASHOK LEYLAND) has completed distorted C&H pattern as well as retest the LTH made during 2018. With the depth of 134 points (167-33) the target is 167+134 = ~301. Intermediate targets 203 (completed), 222, 250 - keep trailing stop loss as it reaches next target. * It is not a trade advise but technical analysis shared based on my understanding of...

brainyAccount81243

Olectra Greentech chart pattern is repeating itself 3rd time, so far it has almost completed the consolidation exactly the same way it did last 2 times after making new LTHs, shown by pole arrows with numbers. This is very much similar to P&F pattern so after consolidation is over the pole length is becoming the target from the point the flag trendline is...

brainyAccount81243

TATA Power has already achieved the adjusted target as per flag pattern, if we apply flag pattern as per book rules then 567 is the target which is yet to come. TATA POWER is travelling in the channel drawn, as per that if it crosses current LTH of 464 then it can reach to 480-490 and then again make a down move towards the bottom line of the channel which can be...

brainyAccount81243

The stock has competed rounding bottom or CUP pattern on weekly chart on LTH of 1064 made in YR 2021 with a low of 397 and successfully retested 1064 after breaking it. Target 1064 + (1064-397=~667) => ~1731, timeframe must be within a year with intermediate targets of 1252 and 1409 and 1664. looks a good buy in the range of 1180-1210 for said targets.... keep...

brainyAccount81243 Updated 

Nifty is moving in a channel on hourly chart and seems like contraction which can take it either side. Upside after 21140 the sky is open but on downside there are many supports like 21840-21800 and followed by 21740 are strong support numbers. 21730 is monthly expiry since last 2 months and hence not easy to break. Till the time Nifty is in this tight range OTM...

brainyAccount81243 Updated 

Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...

brainyAccount81243 Updated 

This post is only for educational purpose, please take any trade at your own risk. NMDC next fibo target is 280 which will get active above 248, below 235 it can see some profit booking. Today it made hammer so a close above 248 tomorrow will activate the long run, targets can be 255, 266, 277.

brainyAccount81243 Updated 

Breaking below 390 can give some good fall where as if it sustain above 390 then it can give move towards 400.

brainyAccount81243 Updated 

GMDC at important level to cross 510. Any long must be initiated above 510-520 range looking at price action. Below 480 it can again move back the consolidation range so that is short opportunity level

brainyAccount81243 Updated 

Olectra formed cup and handle on hourly and retracing near the C&P line ~1800. Taking support from 1800 it can give target up to 2050 1750 is stop loss for this trade.

brainyAccount81243 Updated 

This post is for educational purpose only, please take any trade at your own risk. C&H pattern targets already achieved, now flag pattern on monthly need to be achieved, for now 1680 seems near term target, 1880 medium term target and 2080 long term target (6 months to 1 Yr most likely)

brainyAccount81243

Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...