Technical : There are 2 patterns in the chart for 1hr
KEEP AN EYE ON
1. Flag pattern
2. Double Bottom Reversal
3. RSI Divergence
The breakout was confirmed on 12/11/2018 11:15am Candle @183
Technical Target : 207
(Fundamental Medium Term Target 250)
(Fundamental Long Term Target 300)
1.Total (Mkt. Cap) : 899cr
Wish you all happy new year 2018!
As published last on this stock in May 2017 - Journey above cloud @237 - A new story could unfold, I am excited to put video update about that story & its current structure.
Do support & enjoy.
There is a bearish butterfly & double top@10500.
Strategy 1 - If Nifty Holds in 10400 -10425 then expect a bounce to 10460-10485 & we book profits & wait outside
Strategy 2 - If Nifty gets resistance between 10475-10500 after strategy 1 is done then look to sell on tops with minimum stops above 10500 - Target -10425 - 10390 - Below 10370...
In weekly, price broke horizontal support, then it bounced back to retest the broken support, which is acting as a resistance now.
also price is at descending channel resistance.
also double top pattern confirmed here,
it can slide down to 670, 640, 560 levels.
Its been a while since I wrote on the Index. In my last post I marked 10094-10013 as the key area.
Market tested that key area and bounced sharply. Although the Bat pattern could not complete as per expectations, market reacted near 1:1 level (10013) shown in the above post and...
A nice Pick for a swing/ positional trade for this week is a short trade of TCS, Because the market NIFTY is overbought & is the world's most expensive market based on PE valuation so its better to short rather than to buy anything in nifty 50, and a recent filter showed TCS as overbought technically and seems to have formed a double top and is moving down, The...
KPIT has a high PEG ratio of 1.48. This means the fair value of the stock is around Rs 100.
Technically, it is forming Double Top + Evening Star.
Good candidate for short if the next daily candle opens below today's low.
Target T1: 127
Target T2: 115
Long Term Target: 108
SL: 139.5 (Today's high)