Tata Motors has moved out of its downtrend which started off early this year. The fundamentals are good, looking at 300+ targets. T1 & T2 on chart.
DLF has broken out of it's downtrend. A long setup is possible with a good R:R.
TCS flirting with its all time high makes for another possible trade. A break out above or below the triangle would make for a good long/short entry.
Bluedart is very close to completion of its downtrend. But for now i will short it with redlines as targets.
Trend line is from 2009 Nifty is looking good for retracement on multiple indicators.
The Nifty50 is at the long term resistance line which it has failed to broke ever since the great recession. It also looks to be in last leg of it's bullish wave and the bearish impulse could begin anytime.
You can open a trade with 411 as a target and then trade as per the chart setup. 421 is the major resistance once it breaks it i expect it to test 460/495 and higher targets subsequently.
Dabur is looking good for now staying above the clouds. I expect it to test the higher targets before a pull back as RSI needs to cool down on all the time frames. will quit the trade around 31 july and will enter as per the fundamental updates.
As i have marked on the chart price is respecting Fibonacci time and price levels. Hence we can expect the same in future too. The response of price makes every line marked on chart extremely IMP. Which time and price levels are most important?..... can be answered after observing the price action in history. With this analysis we are not trying to decide...
Sensex Spot @ 33,752, open @ 33,671., market is trying to form head and shoulder but still not formed , if market break 34,200 then we expect for bullish in coming weeks, and if make potentially head and shoulder and break 32640 then will test 30,400 Levels. 1. For bullish chances are 25% 2. For bearish chances are 25% 3. For being in Range 34,200level to...
NSE:TATAMOTORS Channel Breakout, waiting for crossovers. Disclaimer: Please consult your financial advisor before investing.
NSE:INDUSINDBK Head & shoulder pattern formed on daily chart. Support levels have been indicated. Disclaimer: Consult your financial advisor before investing.
PNB Weekly chart Target 75 Stop 130. Currently at key support zone which is between 105-113. Support zone could probably act as a short term consolidation zone, after which a downside breakout possible. This anticipation is justified on account of the heavy volume based fall.
CMP 776 Target 900 plus Stop 700 Stock has structured itself a 3 year cup based pattern post which a rectangular cosolidation witnessed over few weeks. Stock has given a breakout with good volumes. Stock has the potential to head towards 900 plus.
Dalmiya bharat CMP 2794 Target 3250 Stop 2675 Time frame - short term. Chart TF - Daily Rationale : 1) Stock has managed to move back above 200 EMA with good volumes. 2) Incidentally, this has been one of the strong long term support zones as well. 3) Currently stock is in the process of taking a breather with low volatility; usually low volatility is the sign...
Sensex is trading now @ 33873.44, after making a high about 36,400, was continuous from about 25,700, now it’s at 23.6 fibo level it’s highly expected it would test 32,700( fibo level 38.2) and followed by 31,000/-( fibo level 50%), ((for the positive note as it breaks 34,800 continuous higher))
Nifty - An analysis of historical major correction patterns in monthly charts. a) 305% upmove followed by -64% (ratio 4.8) b) 145% upmove followed by -28% (ratio 5.2) c) 93% upmove followed by -26% (ratio 3.6) d) 56% upmove followed by ____ ? (ratio 3.6 to 5.2) ie -17.5% to -10.8% ie 11170 (1-17.5%) to 11170(1-10.8%) ie 9215 to 9963 This...