Interesting twists, who is taking action and why?There is lot of twists herein:
By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs chart.
Very interesting:-
Who is selling?
Why selling?
Insider created fake break-up?
Investors will wait for new New low...!
War begin s between buyers and sellers:
Support has been already taken and price tries to move toward the control price.
B-market
Dmart can come down to 1000 or belowDmart forming continues negative Divergence.
Price will start falling if it can't hold the high if 2500-2400.
Trade with stop loss.
Once close below 1700 it will easily fall to 1000 or much lower level.
Coal India - above 133 - set for uptrend Incase if Market opens positive on Monday and price sustains above 133
can see clear turnaround in CoalIndia from lifetime low levels.
Watch it / Add to watch list for Monday
Bank nifty Crash1. Possibility of Bank nifty bounce level 20800/21200 tgt 23000/23500
2. Possibility of Bank nifty bounce level 18500/19300 tgt long term...!
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Nifty Crash 2020Continue with previous analysis. I was forgot to check the behavior of nifty in longer time frame. Currently nifty having to bounce back possibilities, one is Minor bounce back - it may bounce back from 7900 / 8250 and expected 9500 /9800. Another one is Last leg bounce level is 6900 / 7300
"Last leg level 6900 to 7300"
Recent analysis link:
Pre analysis link:
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Nasdaq :: Something Weird Is Happening on Stock MarketLevel has been mentioned....
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Dow's Worst Loss Since '87 CrashThe Dow plunged to its biggest-one day percentage loss since October 1987 as fears the spread of the novel corona virus will pick up pace and usher in a global recession.
Level has been mentioned.
Recovery duration 18 monts.
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Bank Nifty Outlook For Two MonthsAccumulate at low level. It will take one or two time for range trade or down side trade.
Buy zone 26800 to 27200
Stop loss 26500
Tgt 28100-29800-30300
current rate 27801.
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Indusind Bank Accumulate at low level, see below entry level. Whenever break 1200 level it will move up to 1500 but go with revise stop loss 1300
Buy zone 800 to 900
Stop loss 790
Tgt 1180 - 1500
current rate 1014.8
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
PEL - Double bottom Failure PEL after double bottom - during retrenchment, did't cross confirmation level and also reached lower than first bottom in double bottom pattern.
As we can see currently PEL is critical long term support (from Jun 2016)
We can expect bounce back or further fall if breaks support level.
Add to watch list ...
ZEEL :: SHORT TERM BUYExpected bounce back duration 10 to 20 days. If changes in chart behavior, will update...
Disclaimer: Buy Sell is your choice. No Recommendation...
Cheers!
Vikas Gupta
Nifty :: Is In Bearish Nature?
Lets start with Nifty previous analysis "Index & Stocks :: Tandoori Night With Failed Delivery Attempts"
Being busy, in this platform, I was unable to update recent Nifty and bank Nifty analysis, but you can also get it from Twitter or YouTube channel "E Stock Market".
Click Previous analysis link:
Currently nifty has been broken major trend line and as well following some structural behavior which indicates strong bearish signal, it will possible false breakout which is mentioned on the chart " After recovery, sharp down fall from 11650 to 11950"
Expected bounce back duration 10 to 20 days, then ready for short. If changes in chart behavior...
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Tata Motors - Bounce from current levels Currently Tata Motors is on 50 MA & also Fibonacci 23.6 level.
Any bounce from these levels & following trend - will take to 200 levels & above
Keep on watch for breakout.
Do you remember? 19% profit on CUMMINSINDI am just posting this because you can learn from work. How did I catch move?
Don't forget to give a LIKE on this post if you think its really nice.
Yeah, let me write one more line... I am not giving 1,2,3 steps targets... but directly saying /// always about move. ..
RADICO - expected to go upto 410+Crossed major resistance level and closed above 355.
50 EMA crossing 200 EMA
Next resistance at 416.
PRESTIFE - Bearish Engulf patternFormed Bearish Engulfing currently.
Taking support from Feb23.6 level. Breaking this level takes to 352-353.
Incase if bounced back from the support level, will test 410.
JSWENERGY short term Long - target 80Accumulation is going on. Price is printing above .618 fib level. Price is printing within narrow range. Entry may be made at bottom of the range near 68.75, keeping SL near 66.9
