Buy CHOLAFINWith a good compression pattern in the daily charts, this stock may give a big breakout to 1625 levels. With a fresh bullish indication we can witness a breakout. A close above 1490 should trigger a breakout with volume pickup
Indianmarket
Buy: AARTI INDUSTRIESBig breakout followed by consolidation. Selling volumes are not as high as buying volumes of the breakout. Fresh Bullish move may indicate continuation of the breakout to achieve 1535
RAYMOND: Good To Buy?RAYMOND is at a good technical level. It can give a good move on the upside with a breakout. Target is 1000 and SL should be 750. Let some momentum build up and it should easily touch 950 atleast where slowly profits can be booked.
Buy ZEE ENTERTAINMENTThis stock is at a major support of 490. It is showing signs of downtrend reversals with divergence and bullish candle pattern. On upside levels to watch are 519,532,555. If all of these are crossed this stock has the potential to give targets of 650 in short term of 2-3 months. Go long with trailing stoploss.
HFCL, Best time to get in for more than 50% Return.Hi Guys,
You can occasionally get these kinds of scenario in the market, HFCL is now sitting on the perfect support level and on the bull flag. Breakout may occur soon which can lead it to around 40, stop below 22.5.
Fundamentally also it is a good stock, you can hold it for long-term also.
NIFTY 50, possible scenarios.Hi Guys,
From last from last 1 month, we have seen a nice bull run and it broke the previous which is a nice thing. But what next???... Let's find out.
In my last post about nifty, I actually miscounted the waves(couldn't differentiate the 3rd and 5th wave) but now it is clear, at least for now.
That's the difficult part about the prediction with only chart analysis, You only can have the idea about what's going to happen from the past patterns but you can't really be sure about it(you can't really have the exact idea from fundamentals also). We can only work on what-if scenarios.
So According to the current situation, we are in the 5th wave of the bigger wave which was started in March.
Let's dig up the 5th wave(which also have 5 waves)
1st wave was started in March and completed in May.
2nd wave, which was basically a pennant formation which generally forms in the 4th wave but here it formed the 2nd wave which leads 3rd wave exactly equals to the first in most of the cases(generally 3rd wave is 1.5 times bigger than 1st wave)
3rd wave, There are 2 scenarios for that either it is completed on 9th August at 11495(which was almost equaled to the length of the first wave) And the 4th wave is started or it is going to around 11850(which will be decided if it is able to break 11550 level)
4th Wave if it is started then we are going to 11000 level soon, 11170 can be a small support level.
The 5th wave will be decided according to 4th wave.
NIFTY at Make or Break LevelsNSE:NIFTY i will short nifty around 10900 sl 10950............... contra trend trade...........trade with light position
USD INR short @ 67.52 INFI FOREXShort @ 67.52 ( spot) for
Target of 67.00 -6.80
Strategy;
Exporter: Hedge 45-50% at 67.50 Level
Importer: Open till 67-66.80
INFI FOREX
Nifty is going to drop!!!!!!Greetings friends . Nifty is going to fall down to the level of 9513. Make sure you catch it . Hope y'll find this useful . G'day Friend.
Sensex @ 30,000 in march,let seeSensex is trading now @ 33873.44, after making a high about 36,400, was continuous from about 25,700, now it’s at 23.6 fibo level it’s highly expected it would test 32,700( fibo level 38.2) and followed by 31,000/-( fibo level 50%), ((for the positive note as it breaks 34,800 continuous higher))
Indian govt 10y bond yields set to spikeWeekly chart
10 year yield broken 2 year resistance.
It is currently in the middle of the upward channel.
2 year resistance line could possibly act as a support which is at 7.50%-7.52%.
Yields could possibly retest support and then spike towards 8%.
Bond traders should ideally look to go short in price (long in yields at 7.50%) with stop at yield equivalent of 7.29% for a target of a price at yield equivalent of 8%.
Nifty looks like in Wave 3, potential to take new high this weekIf analysis in place tomorrow we should get a higher opening with potential to complete the wave 3 before it start wave 5 towards 10600 level. If tomorrow price break above 10500 and roll over after reaching 10576 area then the pull back will be a entry to wave 5 towards 10600...Happy New Year!!!
Nifty almost breaking the rangeThe Range should eventually be broken on the upside. All downside triggers/news couldn't break the support.
Moderate buying will come when nifty moves above 10000 and 10150 will invite agressive buying
Cheviot long with excellent risk reward ratioRecomended buy price is in the range of 925-940
SL -790
RELIANCE ShortReliance has been a true star that practically carried Nifty for some time.
Now it's time for a breather. The rally looks tired.
Notice the indecisive price action at 1600 level (encircled).
Also there is divergence in the stochastics as seen in CCI.
Should be a low risk trade to go short with a stop above 1620 and target of 1505 (just before 1500 to be safe)
Continues Head & Shoulder Pattern in RelianceFirst of all i don't know weather this pattern is true or not but i have seen good results in many charts so i am sharing it over hear.
This is continues H&S pattern which shows that the prices will continue to follow its trend. For example IF prices have move from Level A TO B and forms a Reverse H&S Pattern at top of the trend and if it gives a breakout from that price. I have notice that prices will trade higher till the difference of A TO B. So, I suggest that prices of Reliance will go higher till 1900 very soon.
I might be theoretically wrong but i have seen good result in this formation.
HIGHER TOP HIGHER BOTTOM FORMATION IN SUPRAJITWe have seen that the basic formation of Trend Analysis is Higher Top Higher Bottom formation & Lower Top Lower Bottom formation. Prices have recently corrected from his recent highs and it was shoot up yesterday with GOOD Volumes. If we judge it as Higher Top Higher Bottom formation we can see that Prices can make new highs above 337 or levels. If prices breaks its recent bottom of 274.05 then only the trend will get negative. Volume of the particular stocks also recommend that healthy volume has been seen around these levels ahead and correction was just a profit booking and we can also confirm by lower volume when the prices were falling down. This is just for information not for any trade.
NTPC ShortI drew this triangle a few days ago and the price actions has been obediently following the pattern.
The price should eventually break on the downside if all goes well. 156 at least is very good short term target even if the triangle bottom is not taken out.
This is a continuation pattern so a good probability of downtrend continuation. COALINDIA is similar stock.
Nifty Hourly (Bullish Scenario)* Bullish Harmonic
* Descending Broadening Wedge
* Rising trendline
* Bullish Stochastic
>>9040 negates bullish scenario
Jain Irrigation Time To Move Up Has ComeJISLJALEQS broke resistance and looks like gonna sustain this level and exhibit good upside
JK Tyres Broke ResistanceToday JKTYRE confirmed resistance break. MACD is supporting break most likely upside will start from here. Enjoy
