Attached: ICICIBANK/ HDFCBANK Weekly Chart as of 5th May 2023
The above Ratio Chart is Significantly Bullish and suggests that in the coming Weeks/ Months you will see Money flow from HDFC Bank to ICICI Bank (which means ICICI Bank will relatively Outperform HDFC Bank and you are better off going own ICICI Bank instead of HDFC Bank)
Bullish Evidence as...
Attached: BAJFINANCE/ NIFTY 50 Daily Chart as of 18th May 2023
A Double Bottom/ Inverted Head & Shoulder Pattern Breakout is Clear in this Chart
Price is also moving in a Channelized/ Impulsive Manner
And so it is Set the Measured Move Target indicated by the Up Arrow
Similarly, on the Price Chart of Bajaj Finance, Price can head to 7400 as that is the Pattern...
Attached: MARUTI/ NIFTY 50 Daily Chart as of 5th May 2023
This Ratio Chart has just given a Fresh Breakout Buy Signal implying that for the coming days/ few weeks NSE:MARUTI is all ready to Outperform and take Leadership for Nifty 50
Buy Strength and Sell Weakness
Hence, expect Buying Action in MARUTI Stock from here on is what the Charts say!
Attached: HEROMOTOCO/ NIFTY AUTO Weekly Chart as of 28th April 2023
The Chart is Clearly indicating a Terminal Wave in the form of an Ending Diagonal with a Massive Bullish RSI Divergence
So long Hero MotoCorp has been ignored by the Market and Underperforming within the Auto Index
Get Ready Now because the Stock will see a Change in Trend from Down to UP
and...
Attached: HEROMOTOCO/ NIFTY 50 Weekly Chart as of 28th April 2023
The above Ratio Chart also called a Relative Strength Chart shows that the Stock HEROMOTOCO is set to Outperform the Index Nifty 50 and has given a Buy Signal on this Ratio Chart based on Elliot Wave Theory
Wave 1/ A was a 5 wave Impulse
Ratio retraced to 0.786 in Wave 2/ B as a 3 wave...
Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023
The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start
This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index
Today Titan is also One of the Top Losers from...
Attached: TITAN Daily Price Chart as of 22nd March 2023
Price has triggered a SELL Signal today on account of the following reasons:
1) Hidden Bearish RSI Divergence as RSI puts in a Higher High but Price puts in a Lower High
2) Price has come back to Retest a Prior Support Zone which now can act as Resistance
3) Dow Theory Structure of Lower Highs and Lower...
Attached: BPCL Weekly Chart as of 17th March 2023
Going by Harmonics:
A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀
Going by Dow Theory:
We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal...
as we can see price was continuesly take support on trend line now the price making a triangle pattern and if it breaks the triangle from top it will be an opportunity go for long .... NSE:HINDUNILVR
No doubt that market will be highly volatile ahead of Budget
Summary
1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45
Channel width is 1,566 points.
2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue.
3) There is also a Red channel which has...
Hi everyone, Adani Enterprises short-term swingtrade consider buy above above 1,720 target 1,785 stoploss 1,690.
LOGIC BEHIND TRADE : Stock recently given breakout of it`s all time high & price strucutre gives buying oppourtinity breakout of W pattern, target identified from harmonic xabcd pattern level 1.131 and stoploss identified from ATR indicator value 33...
