BCG is one share that was hyped in the Indian Stock Market by some famous names and all looks well when the stock runs up, the real test happens when issues come up and stock starts to correct. With no respite in this stock, many retailers will have to book losses. As per price action, this is the last level. Hence, this post comes as a reminder to always buy what...
Sell below 1925 TGT 1915-1910-1905 with SL 1932. Wait for the price to BD the support area. Only after the BD sell entry is to be taken. This is for your educational purpose only.
PEL strong support zone has been broken. You can see the levels 650-685 soon—trade as per your risk-to-reward ratio. This is for your educational purpose only.
After breaching the all time high of 2086 formed on Feb'2020, stock is correcting lower in a Complex-Corrective-Wave - WXY structure. Stock is already concluded its Wave-X at the high of 1925 and currently unfolding into Wave-Y of which wave-b is taking a formation of a Bearish Triangle . The measured target where Wave-W becomes equal to Wave-X is coming in...
ITD cementation stock respecting the TL resistance. If this stock is able to BO the TL then a good move can be expected in the stock. Long after the BO for the first target of 125 then 145. Keep trail SL once touched the fist target. Keep the stock in your watch list. This is for your educational purpose only.
Long Dixon at the bullish movement. Both entry points have been shown. Trade as per risk to reward. Scenario 1 - Can take an aggressive entry if a good setup is seen in the lower time frame? Pros- Can catch the bullish move at Breakout? Cons- Can BO be failed? Scenario 2. Can take a pull-back entry if a good setup is seen above the support area? Pros- Can be a...
Keep DLF stock on your watch list. If the share is able to cross the TL in the coming days we can see the 400-plus target in the coming days. One minor pullback or sideways for a short period can be seen before a clean BO of the area. So accordingly entry is to be taken as per risk to reward ratio. This is for your educational purpose only.
Long Nifty bank above the BO of marked TL above 40350 for the next target of 41260-42000 with SL 39800. All important levels have been marked on the charts. Good risk to reward trade. RSI is also forming positive divergences. W pattern is also seen on the charts. This is for your educational purpose only.
Vedanta looks in a lot of financial stress and shorters are now behind this stock. Coming days will be crucial and in my opinion, 250 should be kept as a stop loss in this share if you are already invested. Do not jump in unnecessarily.
The share of Biocon has been struggling for the past many months. It has corrected in an unprecedented manner. However, it has just come to a support which, if held, can be a good place for a reversal in this stock. Keep it on your watchlist. Support line is clearly marked in the chart.
From Jul'22 low of INR 877 prices have retraced to Fibonacci 61.8% retracment level positioned at 1150 zone and formed a potential double top structure. Prices have also formed a Rounding Top pattern whose neckline is in the region of 1101-1100. The measured target for the pattern is coming in the region of 1050-1045 where its 200-EMA is also positioned As per...
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
Stock is rising in an impulsive manner on the lower degree time frame and is likely to form a five wave structure on the higher degree time frame which will be a base building for the next higher level. The current structure suggests that stock has already concluded its 3rd wave and currently retracing back in a wave-4 which is likely to conclude in the region of...
Dreamfolks is consolidating well. Buy on breakout only. Keep the resistance line as stop loss for initial targets of 450.
POLYCAB IS on resistance On resistance a stock make a doji After that there is a bearish candle Formation now stock is consoilidate second there was a divergence in RSI stock is on top without volume keep an eye cmp 3000
Long SBI card above 780 after the BO of marked resistance line. The stock has traded at the area of value. Strong support has been taken by the stock. The bullish engulfing candle is also seen at the support level on the weekly chart. A higher probability that stock will bounce from this area for the next target of 850-900-915 with SL between 680-690. This is for...
The share of PB Fintech underwent a massive re-rating and it therefore, collapsed into a downward spiral. This correction has finally ended and we can probably see the most beautiful trendline in this chart. Buy for long term with a stop loss at 450.
Long Salasar above 46.40 after the BO of marked TL for the target of 55-60 with SL of 42. on daily RSI has taken support of 40 levels. Weekly above 60 levels. Good risk to reward trade. Trading above 50 EMA too. This is for your educational purpose only.