Hi all!! Good day! I have been posting to warn the retail investors foreseeing the risks in the markets. Here is another major bank. With my technical analysis , the HDFC Bank uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. The price targets are at scariest levels. Current Price: INR 1022 Price Fall Target: INR 77 - 94 ...
Nice breakdown on more than a decade-long rising wedge on Bank Nifty. Scale - Log; TF - biweekly. Indicates significant downside. Additional confirmation - HV is no-where near levels that may indicate that a bottom has been formed. Expect this fall to accompany high HVs & IVs.
Hi all!! Good day! It's sad news that YESBANK bankrupt and the shareholders of YESBANK are in despair state. It's time to think the state of other banks like AxisBank. With my technical analysis, the Axisbank uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. I'm not here to create panic at any cost. I always want the markets...
Broadening Descending Wedges - 1st B/O failed & global market sentiment is also negative Until a Positive sentiment with Up side B/O Short Side
Nifty will breakdown if it closes below the 20EMA in 5 mins Chart. Nifty is in a Rising Wedge Pattern. Target is 11335.
MindTree is presently is getting squeezed for one more break-out if it breaks out on long - target would be 1031.5 if it breaks down on short side - target would be 950 Lets see how it plays out in next couple of days Happy Trading MSK
Larger resistance and an upward channel is forcing the pair to go higher. This along with global negative cues and annual government of india budget which markets didnt like can possibly take dollar up to 72₹.
Longer term chart showing completion of wedge pattern, and indicating upside breakout on long time frame. Resistances marked out on the chart.
Period under observation is the month of Jan 20. Price has posted lower highs and lower lows.
Comment your view.
Intraday And Positional View. Symmetrical Wedge Pattern Formation,With break above at thinnest part of the cloud. Increasing Number of buyers in last few hours... Nearing quarterly Result on 4th Feb. Following Trades Can be taken Long Above 1111, SL 1101 target 1120,1126,1136 Short Below 1099, SL1111 Target 1080
****POSITIONAL VIEW****** Short Below 269.5, SL 274.5, Target 265/263/258 Long Above 274, SL 270, Target 279/282/284
Best wait for tomorrow to see whether the stock moves further down. If it does, it seems best to short it!
Ajanta Pharma (ajantpharm) (weekly) has given breakout. Stock will remain positive till it stays above the trendline.
Glenmark Pharmaceuticals (weekly) staying above 395 level, it will give good breakout. A journey toward 500 level.