SP500 Index- Nifty / Stock-ITC/Hindalco/Auropharma- Weekly Check

OANDA:SPX500USD   S&P 500 Index
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SP500 Index - A possible top close to 3200 levels - Reasons for Top or Halting close to 3200

  • Wave Y = 61.8% of Wave -W

    Middle Line of Parallel Channel is close to 3200 levels

    Support / Hero turning their roles into Resistance / Villain - Polarity Reversal Concept close to 3200 levels

Index- Nifty
Nifty May Halt with Double Top at 10175 / Below 10175 for 10050 / Below 10050 for 9950 / More below 9950

Stock -ITC
Sell Below below 200 (strictly) for 195-196 / Below 195 for 190 / Below 190 for 185-186

Stock - Hindalco
Selling below 150-151 (Strict Stops above 151) Target -148 / 145.50 / 143 / 138 / 130-132

Stock - Auropharma
Selling next below 721 for Target 700 & Below 700 for 650-660 zone
Trade active: 21:58 Hrs / 6th June 2020

Stock - SAIL

It is sheer impossible for doing all stock analysis but still, have tried for SAIl because one colleague has been asking about SAIL analysis on a couple of previous ideas done earlier & repeated his request

34/35 could be possible resistance with Bearish Butterfly Harmonic Pattern. If crosses above 35 - Butterfly patterns are tricky as 127% can even extend upside to 161.8% which comes close to 36/37 levels. Trading Strategy shall be selling strictly below 34 levels for target -30 & lower targets if slips below 30 later.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
| LinkedIn


I just love your tempo of explanation along with the content you put, Abhishek. Thanks :)
+1 Reply
Nice one
+1 Reply
thanks for wonderful ideas
+1 Reply
Thanks for the idea..
+1 Reply
+1 Reply
AbhishekHSinghCMT vinayakajoshi58
@vinayakajoshi58, Welcome
Hats off for ur genuine efforts sir
+1 Reply
@sharad0202, Thanks
I don't believe this ....
+1 Reply
AbhishekHSinghCMT PranabKumarMa12
@PranabKumarMa12, Thanks for your feedback.
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