Attached: BAJFINANCE/ NIFTY 50 Daily Chart as of 18th May 2023
A Double Bottom/ Inverted Head & Shoulder Pattern Breakout is Clear in this Chart
Price is also moving in a Channelized/ Impulsive Manner
And so it is Set the Measured Move Target indicated by the Up Arrow
Similarly, on the Price Chart of Bajaj Finance, Price can head to 7400 as that is the Pattern...
Attached: PGHH Daily Chart as of 23rd June 2023
Pharma Sector is showing Strength while the Broad Market goes Cold witnessing Profit Booking
And so this is one Pharma MNC Stock with a Buy Setup
- Price has given a Breakout Buy Signal on Friday
- Either Wave 3 or Wave C Upside at play
- Stop Loss can be put at Low of the Day or < 13950
2 Upside Targets for this...
Attached: UTIAMC Daily Live Chart as of 30th June 2023
- Today All AMC Stocks have seen a Massive Upsurge and it appears there are Tailwinds for this Sector hence Strength within these Stocks
- Price has given a Classic Cup and Handle Breakout today on the back of Strong Price Volume Action
One can buy at Current Market Price
For a Target of ~ 900
And Stop Loss < Day Low
MFSL LONG SETUP
Attached: Daily Chart as of 21st June 2023
- Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO)
- Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds)
- The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside...
Attached: Daily Chart as of 16th June 2023
Holding above 182, a Target of ~ 200 is pending🎯📈
Rationale behind this Setup:
- Observe Multiple Volatility Contractions as Price is forming a VCP
- Strength on any Dip as it gets bought
- Higher Highs and Higher Lows are intact
- Price trading near 52 week high zone
- PSU Banks are doing better than Private Banks so...
Attached: NSE:PAYTM Daily Chart as of 5th May 2023
Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online
(Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or...
Attached: INDHOTEL Daily Live Market Chart as of 26th April 2023
An Ending Diagonal in Wave 4 marked as ABCDE and then Price has been moving Up since then, close to its All Time High
Look at Peer Hotel Stocks, they are also making New 52 Week Highs and Breaking Out so Indian Hotels too should follow the Hotel Sector in its journey up
Attached: GAIL Daily Chart as of 26th April 2023
Call it VCP or Cup & Handle or Inverted Head & Shoulders Pattern
Clear Accumulation on a Low Volume Sell Off
Makes GAIL a New 52 Week High Candidate for May Series
Attached: PIIND Daily Chart as of 21st April 2023
Price has given a Squeeze Release Buy Signal
+ an Inverted Head & Shoulder Breakout Buy Signal as well
Markings on Chart are SELF EXPLANATORY ^
Buy at Current Market Price ~ 3189
Stop Loss < 3112
Upside Target= 3400
Attached: Crude Oil Daily Live Market Chart
On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day.
Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd.
And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66...
Attached: GDX Daily Chart as of 7th April 2023
Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts
What do Technical Indicators say on the Daily Chart?
- RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅
- MACD is trending up and in buy mode, confirming Momentum✅
- DMI is in buy mode and ADX is above 25, confirming a Strong...
ZEEL Buy Setup
Attached: Daily Price Chart as of 29th March 2023
- Price has put in a 5 Wave Rise and also done a 0.382 Fib Retracement post that
- On Wednesday on the back of the Zee Indusind Bank News piece, Buyers stepped in
- A 3rd Wave appears to be playing out now on the Upside📈
Current Market Price= 216
Nifty, Banknifty seems to be done on its downside for a while now, Banknifty has shown strength today lead by ICICI Bank. This strength can continue tomorrow and hence a BUY trade can be taken on ICICI bank for a small pullback. Do not forget the overall texture of markets, overall it is sell on rise now, so book small profits.
A bullish reversal pattern has developed over the past week on GUJALKALI at the demand line. It is clear that the selling volume has been exhausted and the bullish volume is rising. The area where the stock is currently struggling has previously served as a support / resistance zone and has been tested numerous times.
At the current price, we can plan a buy trade...
Analysis After 20th Dec 2022 Closing
Wave Count -
Nifty is in (5)th of 5th of IV Wave , means one more bullish movement is expected.
Also, strong supports are just below close of 20th Dec 2022.
1. 38% Retracement of 3rd Wave in Small Cycle. (Orange)
2. Previous High support is just below 38% support.
Divergence - Bullish Divergence in 1 Hour time chart in...