SENSEX AnalysisSENSEX have a strong resistance at 46241 (Fib level 61.80 %).
Rejections at yellow zone ( i.e. Fib level 61.80 %) may push the SENSEX down to 44348 (Fib level -27 %).
Once crossed the green zone (i.e. Fib level 78.60 %), we can expect bullish trend & SENSEX can reach up to Fib level 127 %.
Long-short
Reliance Formed "Symmetrical Triangle"Reliance formed a symmetrical triangle in the higher time frame. In the long term, the stock has consolidated a lot and there Are good chances we can see some big moves.
Buy above - 2050 - Target - 2180 , 2280 , 2300+
Sell Below - 1930, Target - 1830 (This is short term selling, that's why I haven't mentioned "Sell" in the chart)
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
XRP possible scenario I see playing outI think that the month of NOVEMBER was very strong. A possible correction to it's 50% looks probable. I think the price will drop to 0.45$ but I'll be conservative and place my re-entery at 0.50$. And I'll leave some money on the table, incase it goes lower I'll dollar average cost. Remember I sold some XRP up at 0.66$. So, I'm looking to get back in. I didn't sell everything, just a small portion so I can accumulate more letting my money work for my future money. God bless.
Will Reliance retests 1600 levels?As the markets are making new highs, Reliance is still struggling to position itself. In fact, it is breaking down. Previously Reliance has shown reversal near 1800 and again it's trading near that level, do this time it will reverse or will retest 1600?
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk
SWING CALL STRONG MOMENTUM AJANTA PHARMA BUY AJANTAPHRMA IN DIPS NOW 1560.30 SL 1427 TARGET 1700
Over the last 5 years, revenue has grown at a yearly rate of 12.45%, vs industry avg of 6.95%
Over the last 5 years, market share increased from 0.95% to 1.22%
Over the last 5 years, net income has grown at a yearly rate of 8.58%, vs industry avg of 2.42%
ADANI ENTERPRISES "Parallel Channel" FormationAdani Enterprises Has Formed A "Parallel Channel" Pattern By Taking Support At (270) And Resistance At (305). It Has Also Shown A Intense Pullback When It Retested Its Support.
Support - 305
Resistance - 270
Checkpoint/STT - 305 ("Checkpoint" Are Those Areas, Where Trend Reversal Is Possible.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
JINDAL STEEL - "Congestion Zone"After Jindal Break Down Intensly, It Has Entered Into A Some Type Of Congestion Zone And At The Same Time It Has Shown Some Reversal In 1 Day Time Frame.
Congestion Zone Range - 160 - 175
Buy Above - 175
Sell Below -160
Short Term Target - 200
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
RELIANCE - " Trap Or Correction "After Breakout Reliance Consolidated A Lot, If It Has To Bounce Back, This The Region Where It Has To. Reliance Follow A Trend - After Breakout It Re-tests It Support (Resistance Before Breakout).
If It Bounces Back
Buy Zone -2160-2200
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
M&M - "Parallel Channel Formation"Parallel Channel Formation In M&M, Look Good For Buying And Selling After Support And Resistance Is Taken Away .
Buy After - 655
Sell Below - 595
Median Support - 630
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
VODAFONE Trade Setup This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
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See Description For Further Details
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Stock Has A Breakdown And Consolidating Down From A Quite Long Time. Stock Recently Has Shown Some Breakout And We Can See Follow Though.
Buy Above (Current Resistance) -12.05, Target - 17.55
Give It A Thumbs Up If You Agree, Comment And Share Your Though, Always Good To Hear That. HAPPY TRADING!!! .