Bluechips4uharmonics
RBL BANKHello & welcome to this analysis
Stock has activated two bullish harmonic patterns within the same potential reversal zone - Deep Crab and Bat.
As long as it holds 135 it could retest 190-200 (gap area), above that 225-235 (area of distribution before breakdown)
Decent risk reward set up for medium term perspective
Life Insurance Corporation of IndiaHello & welcome to this analysis
Stock has been very turbulant since its listing.
Initially a sharp disappointment for IPO investors and then a super duper rally from lows giving investors a 100% return.
However in the last few weeks its gone into a sideways zone.
Resistance at 1000-1050 with support at 850-800
Good stock to accumulate if 800 holds for decent upside
BAJAJ FINANCEHello and welcome to this analysis
After reversing from a bearish harmonic Gartley pattern its now gone on to test its previous breakout level.
In lower time frame its forming a bullish RSI divergence. Sustaining above 7400 it could retest 7700 and more provided it does not break 7200.
Happy trading and investing
Dollar IndexHello and welcome to this analysis
With FED all set to start the rate cut cycle from today's FOMC meet, DXY is expected to enter the potential reversal zone (PRZ) of not one but two bullish Harmonic patterns, namely, bullish AB=CD and bullish Crab, likely forming a triple bottom in the weekly time frame.
The PRZ is between 100 - 99.60 while the patterns would be considered invalid below 99.50, for a possible bounce (if not reversal) till 103.
When will it enter the PRZ by? Will depend totally on hawkish/dovish, FED Chairman Jeremy Powell is in his statement today.
Regards
Lemon Tree HotelsHello & welcome to this analysis
Stock has gone 10x in the last 4 years (pandemic lows till now)
In between it had seen a correction which was less in terms of price but more in terms of time (4 months)
Currently resistance at 135 and then 150 with support at 110-100
Overall looks good to add on dips for upside.
Happy Investing
Bank of IndiaHello and welcome to this analysis
Since end Jan we have see the stock consolidate and drift down, prior to that for 4 years the stock gave a strong rally.
Crucial support at 90-95 with strong resistance at 150.
Investors could look to accumulate as medium to long term outlook remains very strong.
Had covered Union Bank of India earlier this month. Link is given below, can check the analysis for it too.
Happy Investing
SBI CARDSHello & welcome to this analysis
Stock has been a major underperformer continuously making lower high and lower low.
In the immediate short term it needs to start sustaining above 720 to witness short covering and then above 750 it could witness institutional buying.
Failure to hold 690 on daily an 680 on weekly basis could lead to further weakness.
All the best with your investing and trading
SILVERHello & Welcome to this analysis
Silver has activated a Bullish Harmonic Gartley in daily time frame
MCX Silver due to budget day duty cut has seen the pattern gone invalid but appears likely to bounce back along with Comex Silver
Possible upside levels
Silver (Comex) 4hr close above $27.10 opens for $28.65 / $ 29.40 / $30.40, SL would be today's low (provided it goes and sustains above $27.10
Silver (MCX) 4hr close above INR 82750 opens for INR 85000 / INR 86500 / INR 88000, SL would be today's low (provided it goes and sustains above 82750)
Regards
ULTRACECMOHello and welcome to this analysis
Stock is attempting a trendline breakout after a 5 month period.
Upside potential above 10500 while below 9500 short to medium term correction cannot be ruled out.
Stock has been an underperformer against the commodity sector while its losing its outperformance against the nifty index.
Happy Investing
TARSONS PRODUCTSHello & welcome to this analysis
A small cap stock recently listed in November 2021 has been on a downhill after making a double top in weekly time frame continuously making lower highs & lower lows.
As of now earliest sign of reversal is above 450-475 while any decline till 360-370 could find it at the support of a Bullish Harmonic ABCD pattern.
Happy Investing