sensex is in Downtrend
i thik i will buy put after breakout
What happened on the stock market today?
The S&P gained 0.6%, while the Dow Jones Industrial Average rose 213 points, or 0.6%, and the tech-heavy Nasdaq Composite was up 0.8%.
Its the next multibagger, its already it buying zone and consolidating since long time, every stock has already shooten up but IT industry is left. Now its time for IT industry and LATENTVIEW ANALYTICS is one of the high margin constant profit maker of 25%+. its a constant profit making company since its established. promoter group is really strong. compounding...
APTECHT:- Head and shoulder pattern is formed on weekly chart, breakout candle is also strong, wait for retesting, if you want to plan something, take care of all time high 449.75, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be...
In previous post
One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85
Also had suggested the blue zone may act as Support zone for Nifty in April series.
Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What...
FIRST THE TECHNICAL VIEW
Attached: Nifty IT Index Weekly Chart as of 13th April 2023
In the Chart above, I have mapped out the Potential Elliot Wave Count to play out over the coming Months:
- Price has fallen in 3 Waves which is our Larger A Wave
- Then Price did a Corrective bounce in an ABCDE structure making up our Larger B Wave
- And now the Larger C Wave...
The last 2 Year's chart is shared here.
Just wait and watch the game.
Fundamentals: YoY on YoY Revenue and EPS Growth.
Technicals :
It Breached the 1-Year-Old Trendline and Consolidation around it.
Last 2 Years RS compared to Nifty and Nifty has been Strong.
Although Its Sector's RS Is Weak Compared to Nifty.
Stock is trading above 50 SMA.
It's following a...
Persistent Systems have been trading in a broad range for the last few months. It has tested the bottom range thrice and now the prices are hovering near the upper range where we can also spot an accumulation and a confluence of the upper range and another resistance trendline.
As for the bearish section, there is a confluence of 200 EMA and the support...
the index is at good level of support if it take support here with a good green healthy candle then further we can see a upward reversal
thanking you
HAPPY TRADING
NSE:CNXIT
A clear downtrend breakout and cup and handle pattern formation in Happiest Minds. From these levels, it can give a 25-30% move upwards. RSI is bullish above 50 and ADX is above 20 in the daily charts. OBV is rising. Important indicators hint a big move. Even the Ichimoku cloud indicator has indicated a reversal of the downtrend. I think it is a good trade to be...
I have shared Wipro weekly chart and marked Elliot waves considering wave 1 to start after corona crash.
If you can see the 5 waves got completed in month of Oct, 2021 where high is 739.85.
As per standard Elliot wave principle a correction after wave 5 should get completed in or around where wave 3 and wave 4 is terminated.
This is standard as per book...
NSE:OFSS is nearing triangle breakout
Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on strong close above 3180
Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line
Target : 4200, giving around 32% returns from current price of 3147.70....
NSE:MAPMYINDIA is nearing triangle breakout
Entry : Wait for breakout with volume above average and then take position
Exit : When the setup is invalidated by false breakout
Target : T1 1500 T2 1650 T3 1800, giving around 11% 22% 33% returns from current price of 1345.95. Follow trailing stoploss as T1 while waiting for T2, etc.
Smallcap IT related company with...
Nifty IT made double bottom as mentioned in chart. Now it is near previous high. if it crossed the PH, then 2000 point rally can be seen. otherwise a fall from the red line marked on chart. So we can hold IT stocks if it crosses 30500 level.
