There seems to be strong demand zone both trendline wise and horizontally at 1630 levels, and an immediate target of 1980 seems a probably case ~ 12% move from here.
Good bounce from RSI 30 region in weekly, and MACD seems to be crossing bullish as well. The share seems to be priced on the lower end of the 10 year spectrum using PB ratio and PE ratios.
Not an...
The current structures can be assumed as a triangle with internal ABC waves. As long as the price does violate the rules and remains above the wave C, the bullish price action remains active.
This is based on the Elliott Wave Theory.
THE chart pattern IS FORMING OF CUP AND HANDLE WITH A POTENTIAL BREAKING OUT
and the rsi divergence is suggesting A SHORT TERM TOP BEING MADE AND WAVE THEORY IS ALSO SUPPORTING THE RSI DIVERGENCE
as of now i am little CAUTIOUS AND OPEN FOR BOTH SIDES
but my view is BULLISH UPTO 10 TO 15 NOV 2022
CONFIRMATION OF A UPTREND WILL COME AROUND 10 TO 11 OCT
AS...
Since this is a complete waterfall, it is yet hard to say if the stock is correcting or if it's going to remain bearish only. Seeing the fundamentals and the energy around the stock, it is unlikely that it will pickup any time soon.
As per technicals, this is a complete bullish cycle completed. This is based on the Elliott wave theory.
Reliance has been trading in the range of 2250 and 2750 for a while now and has finally reached the price support region again.
The formation of recent Doji in the market further confirm the indecisiveness in the market after the recent down move.
A morning star pattern or a piercing pattern might further improve our confidence, with RSI bottoming out at 30 in...
The stock may have completed it's correction as it is also down 60% from the top. If price drops further below 129.5, it may extend the correction towards 115. As long as the current low remains intact, it is likely that the stock will continue its bullish cycle.
Observe chart and see if it make sense. There is unfilled gap which Nifty could try to fill in before it take stop at high of previous consolidation zone.
Asian Paints has been a consistent compounder in Indian decorative paints Industry. With increasing Crude Oil volatility expectation from February due to Russia's decision to not sell Crude Oil to countries respecting EU's $60 price cap, the share has corrected from 3600 to 2800 levels ~ 22%
The recent earnings report further accentuated the concerns of...
After an uptrend it has made H and S kind of pattern and made a Change in character now it has started a phase it correction , right now it is in strong demand zone that is 0.5 fib retracement it’s look like it may form either double bottom or descending triangle.
Berger Paints is 2nd biggest player in Indian Paints Industry after Asian Paints, with great penetration in Industrial paints segment.
The industry has been facing pressure from rising competition with entry of other players like Grasim.
As a result of missing latest quarter estimates, the share has corrected from ATH of 872 to 580 levels ~ 35% down.
I believe...
Based on fib extention on the monthly chart, we topped the trend at 63458. We saw a sharp rejection from around this area. Weekly close below 60k, and we are going much down. Inversely, weekly close above 63458, there is room for upside.
#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
