BULLISH above 35000 for 100,200,500+++ BEARISH below 34750 for 100,200,500+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
BULLISH above 17050 for 25,70,150+++ BEARISH below 16970 for 25,70,150+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
HTF bias for Bank nifty is still bearish, hence i expect once again bear run tomorrow... if we have Gap up opening - then we can expect price to react at H1 Supply from there we can look for SELLS - if price broke H1 Supply we can look for counter trend buys from H1 block though its a risky one (as price will be in...
Go Long above 1990.1 for Target of 2209.2 with SL 1771 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around...
Nifty IT index touch the previous level of all time high, High probability to reverse the index from these level & touch the level of 37000, Due to that we can see pressure in NIFTY 50 index. Be cautious in NIFTY IT.
Gold Price Slowly Going Upside Key levels: 48113 - 47616 MCX gold has been moving under the range of 48113 - 47616. It's a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 - 48490 - 48600 - 48700. And if it breakdown the 0.5 retracement level, then we may see 47496 - 47300 -...
Go Long above 976.1 for Target of 1081 with SL 871.2 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5...
The most recent bounce is not an impulsive move so maybe it is an x wave and that means one more a-b-c down can follow and waves a and b are already done. Next week should see wave c complete into the year-end. but will it make new lows? The Nifty Elliott wave update with weekly charts and wave counts is already online on indiacharts.com, enjoy my Truth about the Markets
Go Long above 7797.1 for Targets of 8158.95, 8520.8, and 762.75 with SL 8882.65 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange...
Go Long above 689.1 for Targets of 713.65, 738.2, and 762.75 with SL 664.55 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with orange...
Laxmi Organics takes support at 50% level of FIB & RSI didn't fall despite price fall, After broke the 50% level can test 359 price, But 50% level most of times gives strong support, Can reverse the trend in upside after breaking the trendline. Let's see Hope this level will work.
Biocon has been in a strong downtrend since the start of 2021, moving downwards in a distinct falling wedge pattern. The falling wedge has now formed Left and Right shoulders on the 0.5 Fib with a Head further down off the 0.618 Fib. While Biocon strongly broke out of the falling wedge, it has now re-tested the breakout and remains within the forming Inverted...
As per my study , i assume its a confirmation of down trend with high low- lower high & lower low - down trend formation pattern. With Elliot collection wave ABC pattern which seems to be formed on chart (may be wrong may be right) as per fib level it may touch 0.5 fib levels with a support near DSMA 200 as well near support zone 16350-16300 overall sentiment -...
#SBIN looks goods to short for a Rs 50 downswing. The stock has broken a good trendline which strongly acted as support till now. Along with trendline Relative strength, viz-viz Nifty has also turned negative. ADX is above 24 and trending and RSI also looks bearish. Scrip can be shorted once confirmed by good volume on the daily time frame for the target of RS 400...
RADICO | Trendline / Channel breakout - Looks potential for 15% CMP : 1160 (1120) SL : 1090 Target : 1350 (Based on fib) 1:7 risk reward setup
Nifty very soon reaching 50 Weekly Exponential Moving Average @16006 or 0.618 of fibonacci level (in the month of December itself) and thereafter, correction in shares/Nifty completes. Buy @15850-16000 for medium term, target 18900-19300 within 4-5 months.
Godrej Consumer Products has broken above the falling wedge, having taken support of its 200 day EMA. The stock has now also moved above its 100 day EMA, indicating bullishness ahead, which is confirmed by the bullish divergence between its price and the RSI oscillator.
Observations: 1. After facing resistance at the central line yesterday, Nifty could break it in the final hours of trade today. 2. Nifty has also formed upswing today which can push Nifty to the next resistance level, which is at the upper band of the downward channel. But do remember that this is all happening within the downward channel. . 3. Once the...