Given the sharp run up in the indices, its perhaps time for a correction. All indicators are pointing to a correction. Now, the first target on the Nifty is around 18000 which is likely to be reached by 23 May 2023 and if that zone breaks, then the max downside is till 17500 levels where we can see trendline support. This could come through as early at the 10th of June.
nifty is in consolidation of 120 points unless it breaks above or below we will not see good move.
Buy above 18344 (18300 CE) Target 18397,18429
Sell below 18220 (18250 PE) Target 18161, 18099,18002,17963
Risk takers only
sell below 18283(183050 PE) first target 18220
buy above 18303 (18250 CE) first target 18344
banknifty might be in the range bound of 200 point(s). watchout for First 5 to 15 before taking entry in any direction.
Buy above 43689(43600 CE) Target 43965, ,44077,44178,44282
Sell below 43650 (43700 PE) Target43537, 43399,43306,43202, 43165
finnifty looks like gaupup opening and from there it can fall and take support at 19450 level and bounce from there.
BUY Above 19540(FINNIFTY 19500 CE) Target 19579,19623,19692
SELL Below 19445, (FINNIFTY 19500 PE) Target 19386,19337,1927,19256
#EURUSD All time LOW at 0.90275 and that's the starting point of EURUSD candle on 01MAY2002.
#EURUSD All time HIGH at 1.60388 on 01JULY2008.
On 02NOV2009 price drops at 1.51440. After that price drops again at 1.49401 on 02MAY2011 but able to touch previous High. Again price drops at 1.39936 on 01MAY2014. Drops again at 1.2556 on 01FEB2018. As you see I Already...
Stock forms Inverted head and shoulders pattern with proper neckline formation
Pros
1. 5DEMA crossover 13DEMA
2. High on volume
3. Formation of Inverted Head & shoulders pattern
4. Trading 0.77 times book value
Cons
1. Trading below the Anniversary Date according to the Gann's theory
*Please make decisions basis your analysis this is just my analysis...
Chart shows a strong volume trade which means the bulls are on the run
Pros
1. High Volume
2. Stock trading Above the Anniversary Date
3. Strong Upflag pattern in the stock
4. 5DEMA cross over 13DEMA
Cons
1. low return on equity of 3.30% over last 3 years.
2. poor sales growth of 0.84% over past five years.
Can be bought for small term as part of the...
finnifty is in consolidation and it didn't break previous day's low. so possibility of up move if it's not going to break yesterday low.
BUY Above 19458(FINNIFTY 19400 CE) Target 19500,19579,19623.
SELL Below 19370, (FINNIFTY 19300 PE) Target 19337,1927,19256
MEDPLUS stock showing upflag chart pattern and trades above the Anniversary Date
Pros
1. Upflag pattern
2. Breakout with good Volumes
3. Golden Crossover before the breakout candle
4. Piotroski score 7
5. Good profit growth of 25.7% CAGR over last 5 years
Cons
1. Stock is trading at 6.23 times its book value
Verdict
Target = 841
SL = 744
Buy@ =...
Medplus Stock shows upflag Pattern & currently trading above the anniversary date of 23 Dec
Pros
1. Golden Crossover before the breakout candle
2. Upflag Pattern
3. Breakout with good volumes
4. Trading above the anniversary date of 23rd December
5. good profit growth of 25.7% CAGR over last 5 years
6. Piotroski score = 7
Cons
1. Stock is trading at 6.23...
