simiar to NASDAQ, it too needs ti sustain above 20 september highs to turn Bullish from curent bearish trend !
If one Observe carefully, they will find that despite the counter breaching 20 and 50 EMA levels, in last 3-4 cases, despite there was no NEGATIVE crossover like its seen recently
thats worrisome
PCJEWELLER is again in narrow Bollinger Band squeeze which happens repeatedly with this stock (red arrows) and then it breaks out explosively up. RSI and volumes show nothing significant as of now. BB squeeze can lead to massive up or down break. Waiting if it will breakout again this time.
Did you sell all your Small caps in the small cap crash yesterday? If you look at the weekly HeikenAshi chart of SmallCap Index, it is still long. Following it would have avoided panic sell.
Check the analysis of last three years of Axis Bank; based on Gann, Elliott Wave, Fibonacci and Wycoff Analysis. Only the picture can tell you he story for FUTURE, what happened in past is merely history.
Thank you. Happy to share. Please check my previous posts on Axis Bank. Providing you the links.
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea: SELL
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4.5
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
VELJAN DENISON was undergoing VCP for a long time. Now looks ripe for breakout. Can give a good 20% move from here.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your...
Sansera Engineering forming a classic big base VCP pattern Looks good for a swing trade.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give...
Udayshivakumar Infra formed a clean IPO base in VCP pattern. Looks like institutions are accumulating this scrip. I am expecting a move to 40 levels minimum from this scrip and another factor here is that the scrip belongs to Infra sector which in itself is showing good strength. I have entered the trade today at 30.75 my stop loss is set at 29.
*DISCLAIMER*...
Exide looks strong on weekly chart by breaking falling trendline resistance with good volume jump and breaking Bollinger upper band too and gives a bullish closing on above both so that we can see coming bullishness in this counter.
Cause of long-:
1- Falling resistance breakout.
2- Bollinger bands breakout.
3- Volume breakout.
Welcorp has beautifully formed a cup and handle pattern in weekly time frame.
Currently, stock is trading at the neckline.
Be cautious in this stock as there can be multiple stoploss hunting before genuine breakout.
Targets can be minimum 100 points from CMP for positional and long term perspective.
