#navkarcorp #weeklychart
- Psychological and technical level of 50 was broken in the past week with huge VOL surge with 40% delivery
- Close above 50/100 EMA (check thread), 1st headwind seems to be 200ema
June was a brutal month for Golf bugs. The Inflation news along with political developments stopped the rally of April -May, which resulted in Gold posting again of 14% in 2 months.
Trend is bullish for Gold, however 2-3% slide cannot be ruled out from 1810 levels. 200DMA resistance at 1825, is important to be monitored before any fresh long buying.
Spicejet
CMP 78.70
So what is this "Mera wala price" (My price to buy) and "ab toh mujhe dekh le" levels (at least take a look at me now)
No these are not levels which have come from my heart. But what I see as charts trying to tell us.
Let us see what are these terminologies with the help of Spicejet
Observations:
- Spicejet is currently trading between 20...
CMP- 311
SL- 278 (closing basis)
Target - 430-450
16/7/21
- Recent fall gave good entry in the stock
- 280-300 is good support zone which is formed with committed VOL
- Any drop of price to lower trendline is very good buying opportunity (unless things don't change fundamentally)
- Stock is taking support from 100EMA in D and 20EMA in W.
- Latest VOL surge was...
1)scenario
Current wave count:
cycle-3
primary-1
intermediate-3
minor-1
as per this count current bounce being an intermediate wave 3 bounce,price should go till 420.(standard 1.618% extention of wave 1 from wave 2 low)
longs can be initiated @ cmp of 338 with a stop-loss of 314 on closing basis and a tgt of 420.
2)Alternate scenario
Intermediate 1 is wave...
BHEL
CMP 66.60
Observations
- Long term trend is up
- currently in short term down trend
- trading between 20 day EMA (in yellow) and 50 day EMA (blue)
- there was a big gap down on 14 June 2021
- that zone may act as resistance for some time
- thereafter the stock has struggled to get past the orange line around 69.60
- the yellow zone is where the stock...
PFS long
Stock was continuously trying to sustain above 200 week EMA
2 doji and 1 NRC candles were seen before current candle
Buy above 22.25
SL- 19.7
Target- 25, 29.5, 34
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Penind Long
Stock is at 200 week EMA
Wait for weekly closing above 30
Buy above- 30
SL- 27
Target- 36, 39
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
CMP-1046
SL-910
Target - 1230, 1500
(SL for more risk takers will be 825 . After that only will the structure go downtrend.)
The pattern also looks ike IH&S to some point
SUNTECK Long
Sunteck realty is on resistance zone around 308
Stock is continuously taking rest at 200 Week EMA around 307-308
Also made a rounding bottom or Cup and handle pattern
Wait for breakout
Buy above- 310
SL- 295
Target- 331, 360, 380
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
