manavtechresearch

manavtechresearch

SUMMARY:- *stock is looking to breakout of resistance of 276.5 *once does breakout we will see levels of 282-285 in short-term *look out for a breakout TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over...

manavtechresearch

GOOD MORNING MEMBERS TIME FOR WEEKLY NIFTY UPDATE NIFTY INDEX -after breaking out of range last week -nifty consolidated in the range of 16470-16700 -i will not conider the open on friday as we managed to close inside the trading range again -reliance is batting for the bulls -global uncertainty will create movement in our market -oil back above $120 not...

manavtechresearch

SUMMARY *stock after major break of 1900 went on to make a new lifetime high of 2400+ *stock recently after results corrected till levels of 1900 the breakout zone *and now is back to continue its bull run *bullish flag is a continuation pattern *if holds through then adani ent is moving towards a new all time high TRADE SETUP *safe trades can enter when stock...

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SUMMARY:- -stock has continuous support@2120 -with a rejection zone of 2280-2250 -once a close and breakout above 2280 is achieved -a target towards 2400-2430 will open up -stock is consolidating and trading in the range of 2120-2280 -since rectangle is an continutation pattern -it should break in the direction of the previous trend which is a breakdown -if...

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-index is witnessing short-covering after a major sell off -it seems like in shorter time frame the index may have made a double bottom -financials were the worst hit due to rise in dollar index,rising oil prices and rising bond yields -they share inverse correlation -last week on friday i had explained that a DXY has created a gravestone dojin on monthly chart...

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SUMMARY TOP PICK MARUTI TATAMOTORS chart:- MARUTI TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite

manavtechresearch

SUMMARY: -dxy cooling down to 101.5 -shooting star candle formation on monthly chart -US10Y@2.74% -wall street showing some sort of strength -now data last week was not good nor bad -is the sharp fall in usa market factored the worst or the worse is yet to come -question rises whether today nifty will break above its trading range of 15750-16420 -if does will it...

manavtechresearch

SUMMARY:- *stock has broken from ascending triangle pattern *holding above 6000 *will look at previous resistance turned support level of 5950 as support zone *on upside stock can make a move for 6200-6250 *for early updates check the signature box below TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and...

manavtechresearch Updated 

SUMMARY:- *stock is breaking below crucial support *it has broken the pattern on downside *it opens up target for 205-200-195 *it can even go lower but range break is achieved *sell on rise is advise for indhotels TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade...

manavtechresearch Updated 

-like discussed on friday index has decoupled with rest of the world -index has stopped falling below 15750-15700 zone -where we are witnessing big fall over the world -plus govt action over the weekend to control inflation and provide support to economy will provide moral support -as we had previously feared a india vix of more than 25 would be deadly has...

manavtechresearch

SUMMARY:- -stock has broken out of its pattern -after the inital sell off from 2400-2000 level -stock has constantly seen higher lows from 2010-2035-2100 -were as the supply line is flat@2220 -we saw on friday the pattern witnessing a breakout on the upside -but still a safe longside must be added above 2230 only -target on the upside will be 2330-2380 TO BE...

manavtechresearch

SUMMARY:- -stocks tends to have sharp ralies in the direction of the brekaout -it is a continutation pattern -delivery volumes and open interest data also support -rising volumes after brekaout actually help support pattern -itc has actually broken above 273 on weekly basis that is a good sign -273 was acting as a major hurdle for the stock -since we have...

manavtechresearch Updated 

summary:- *itc on weekly chart is giving a very bullish signal *stock has major resistance @266-273 *itc has created a bullish flag pattern on weekly chart *one of the reliable pattern *positional target for itc after breakout comes in the zone of 295-310-320 *for now it is under observation *we have result today and pattern is giving us a story

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SUMMARY:- *banknifty has created inverted head and shoulders pattern on smaller time frame *along with that we have major trendline break on the cards *banknifty if starts to trade above 34200 i will more comfortable to sit for a target of 34400-34600-34800 *signs of usd/inr topping out *if not then a short-covering is expected as market is extremly oversold

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summary:- *wipro has corrected 30% from the top *stop has made ugly bottom is the zone of 480-460 *and finally trying to break the curse *a major trendline break is inevitable *but with a stop below morning low i am adding longs for positional target *my trade will be a 1:3 risk-reward trade WIPRO SPOT TRADE BUY@478 STOP@465 TARGET@508-515-525 (EXPECTING IT...

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NIFTY WEEKLY UPDATE -index has closed below crucial support of 16000 on weekly basis -last time when we close below 16000 was in aug 2021 -dollar index rising and now stable above 103 -above 105 we will see panic in usr/inr -ruppee will see further weakening -79/80 usd/inr level is expected -i had explained in earlier post the importance of rising dollar -now...

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-watch out for nifty -expiry gap-down and closed lower -today gap-up and sold and bounced back -shorts are advised with morning high as stop -if trendline break is achieved we mostly have made a short-term bottom and upmove can be expected -till then holding shorts

manavtechresearch Updated 

*stock is trading in a range *small risk-reward trade in hdfc *trade can be extended if market turns bullish HDFC FUT BUY@2150 STOP@2110 TARGET@2190-2220-2250 *do not over trade *manage risk and manage risk appetite *channel trade active since morning *check link in the signature box below