Asian Paints Cmp 3112 dated 27-12-2022 Rectangle BOAsian Paints Cmp 3112 dated 27-12-2022
1. Rectangle Consolidation BO above 3120
2. RSI Divergence
Buy above 3120 for target 3165-3200-3240
SL 3050
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Oscillators
MCX 1644 DATED 20-12-2022 Shooting Star CandleMCX 1644 DATED 20-12-2022
1. Shooting Star Candle @ Resistance
(Negative Candle)
2. RSI Divergence
Sell below 1635 for target 1605-1585-1560-1540
SL 1675
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Apollo Hosp Cmp 4610 dated 19-12-2022 HAMMER @ SUPPORT LINEApollo Hosp Cmp 4610 dated 19-12-2022
1. Hammer Candle near to Support Line.
Buy above 4620 for target 4650-4700-4760-4820
SL 4520
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
BANKNIFTY futures point to a steep correction in coming weeks- Since early November, Banknifty futures have been steadily rising even as volumes keep dropping on a daily basis.
- RSI has been in overbought zone since end of November.
- Price has made a higher high but MACD has diverged making a lower high.
All these point to a steep correction in the coming weeks, imo.
Titan Cmp 2522 dated 19-12-2022 Bullish Engulfing CandleTitan Cmp 2522 dated 19-12-2022
1. Bullish Engulfing Candle near the support.
2. RSI Reversal
Buy above 2530 for target 2585-2610-2635-2665
SL 2460
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Line Cmp 3444 dated 16-12-2022 Rounding Pattern BOLinde Cmp 3444 dated 16-12-2022
1. Rounding Pattern Consolidation BO @ 3385
2. RSI BO
Buy @ Cmp for target 3480-3550-3635-3725-
3820 SL 3300
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
GUJGAS: Potential fall before riseGUSGAS seems will follow it's pattern.
First it will fall to the trendline and then will rise.
RSI also conforms the same.
Trade:
BUY above 533, SL: 528, T: 536/540
SELL below 529, SL: 533, T: 526/522
Aarti Industries Cmp 659 dated 14-12-2022 Strong Support LineAarti Industries Cmp 659 dated 14-12-2022
1. Taking Support @ the long & strong support
Line.
2. RSI Positive Divergence
3. Good RRR, low risk trade.
4. Volume Rise
Buy @ Cmp for a target of 675-685-700-715-740
SL 635
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Indigo Cmp 1992 dated 9-12-2022 Dark Cloud at TopIndigo Cmp 1992 dated 9-12-2022
1. Dark Cloud Cover Candle Stick at top of the
Chart. (Bearish Candle stick)
2. RSI negative divergence.
Sell below 1985 for target 1970-1945-1905-1890
SL 2035
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Poonawala Fincorp: Triple Bottom formationNSE:POONAWALLA is near the supply area.
A triple bottom formation seen around 300 price level.
In Hollow Candlestick patten a hollow green candle formed after a down swing, indicates price to move up
Well support from volume
RSI is trending upwards.
Trade :
Buy: Above 305, SL: 300, T: 309/311/316
Sell: Below 300, SL: 304, T: 296/292
Comex Gold(XAUUSD): Monday - 12/12/22Supports : 1790, 1786, 1781, 17754
Resistance : 1796-1797 supply zone, 1806
Right now FXOPEN:XAUUSD is in intraday uptrend clearly. A few points to be noted:
The price is in an uptrend regression channel as shown in the chart (blue-pink channel).
In last 3 days in hourly chart, one can see the price is making higher highs, however RSI is not able to cope up with the higher highs (shown as dotted green line). So there is a clear negative divergence in the hourly chart indication of momentum exhaustion .
1790-91 will be the most crucial level to watch for. The fib 61.8% is there as well. A breakdown of that level means the uptrend channel also broken. SL: 1795.
On higher side, 1805-1806 is the level above which, if price sustains, can go Long with SL of 1996.
Multi Timeframe Analysis on ACCELYA The chart above says it all.
Daily TF Analysis :- If you look at daily TF you will find this stock made a high of 1530-1540 last year, then it fell down.
This year in November 2nd week it broke out that level and right now it is retesting that previous resistance level.
From price action point of view this is a good entry point.
Hourly TF Analysis :- in hourly time frame a good support can be seen forming, right now the RSI is also at 23 (Highly Oversold).
15 Minute TF Analysis :- in M15 the RSI value is at 21, indicating oversold condition in this timeframe also.
Conclusion :- this stock can be a good candidate for swing as well as positional trading.
For swing trade Entry would be - 1530, SL - 1480, Target - 1670 (Risk : Reward = 1 : 2.8).
Disclaimer - Do your own research before taking any Trades.
India VIX - Future Possibilities #IndiaVixNSE:INDIAVIX - Weekly Chart
For the time being, it appears that 12 is a good support level and 16 is a good resistance level.
Please keep in mind that #IndiaVix is a simple concept that describes how quickly and unpredictably the Nifty 50 index is expected to change over the next 30 days.
Consider volatility to be negligible/dead below 15.
Above 23, consider jitters/pessimism in market sentiment.
Consider fear in the market sentiment above 28.
At 10-11 range, I expect markets to top out, which may result in profit booking or distribution at higher levels. At this VIX level, I would be extremely cautious of the market because there is a negative correlation between the India Vix and the Nifty 50, which is also reflected in the charts. Markets typically peak when the VIX is at its lowest, and markets typically bottom when the VIX is at its highest. This is an important input for index trades.
You'll also notice that I've drawn yellow vertical lines for the last six years to indicate the first week of January, when volatility begins to rise before the budget session ( also reflecting with red arrows ). I would expect the VIX to begin rising around December 15th to December 18th and may hover around 18 to 20 levels right before budget ( indicated with 2 double red arrows )
p.s - Please note any negative news can spike VIX by 10% in no time
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!
USDINR: Bearish Divergence in hourly chartIn FX_IDC:USDINR here are the features we can see:
There is a clear bullishness throughout the session. I would say Very Bullish. All candles are hollow and green in hourly charts.
There is a bearish divergence in the #USDINR hour chart. Price highs are not sustained by RSI new highs - shown in the photo
Most likely: the uptrend will pause as there is a momentum missing.
So Dec Future is a short candidate for USDINR.
Natural Gas (MCX): Week of 05/12/2022In Hourly chart, MCX Natural Gas (NG) is showing a positive divergence. It's clear.
The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum.
Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms).
Trade Plan:
Expecting price will bounce back from CMP upto 560. Then will again retest this 550-535 zone and may consolidate there.
Trade:
Buy zone: On breakout of 560, SL: 540, T: 600
Sell zone: On breakdown of 530, SL: 550, T: 500






















