venkatfx

venkatfx

HDFC Bank is at the tail end of D wave completion and could take support any time. And price is also at near next line breakout after inverted head and shoulder pattern. I do not see much downside further unless any major reason for more sell off. At key levels big players made vice decision to buy back or buy reliance at key support levels. so similar support and...

venkatfx

Reliance is showing signs of support at important levels. hope it holds and rise further.... But FII selling qty will decide i think....

venkatfx

BN level is similar to that of Nifty and as I poid out earlier it will depend on how much FII sell or buy compared to DIIs

venkatfx

Profit Booking or Sell off by FII has pulled the Nifty down, RBI draft policy added fuel to the sell off in banking + domestic big players called for Sell in Nifty. Any more Selling from FII larger than DII will not see any chart levels and price could fall only. In case FII pause their selling on 8th then good chance for quick spike in Nifty back to ATH - 22750...

venkatfx

HUL gas given very strong breakout on upside. either one may buy little now and buy more after re test. HUL turned Bullish now.

venkatfx

Like TCS, we can see breakout on upside in Tech Mahindra chart now. so looking Bullish now

venkatfx

TCS is the best IT company so given upside breakout. Looks bullish now

venkatfx

As on 6th May EOD closing chart, BN is holding on to support area. BN is strong with positive news from ICICI, Kotak, Axis and average results from HDFC. Just a draft proposal from RBI on its new policy had to see some sell off from SBI which was very bullish. Trade on 7th may to be based on opening and breaking of S1 or R1 etc

venkatfx

price is simply going up and up. price move is indicating its extremely Bullish

venkatfx

price is keep on moving up for long time now and cup and handle pattern in recent price last few days and price moved up the neck line indicating Bullish trend and up move in this month is visible in NTPC

venkatfx

For quite some time price is within a channel with strong support and resistance lines. right now price seems to be taken support and rising up. 10% upside is seems to be possible in 1 to 3 months.

venkatfx

Price is making new HH and HL and quick moves up side is visible in chart.

venkatfx

In charts price is simply going up and chances of cup height to see above next line in 1 or 2 years. Price is expected to fly high levels in May as per the price move. Trend looks extremely Bullish

venkatfx

CIPLA is in big bullish move but seeing short term correction trend now and price to see its previous support in this month. so may not move up in coming week with out testing support zone.

venkatfx

Price is keep on moving up non stop. extremely bullish.

venkatfx

In charts price is in ascending triangle and its bullish pattern. but if price do not move up chances of falling which has not happened. Price might spike too since high low forming for quite some time now so bullish pattern is intact till now.

venkatfx

In charts BajFinance is in down side channel but with relief from RBI it needs to be seen will trend gets changed or not. Else it could see bearish trend.

venkatfx

In charts its clearly showing multiple cup and handle patterns and price making new high levels and looks extremely bullish