AdarshDey

AdarshDey

In this entire rally of NIFTY towards the downside since few months, BAJFIN has acted in a defensive way for the time being. But currently a Bearish Wolfe Wave pattern is emerging in the stock indicating that the stock can show a potential downside. The target remains to be at 7793 once it trades below 8820. There are few reasons to justify the potenial...

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Asian paints Looks like bottoming out. ADX about to get a positive divergence and already fell from 50 level RSI above 50 BUY on dips with a SL of 2770, for the target of 3040 and 3230 CHART & ANALYSIS ADARSH DEY

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Amid the all fears of Rising crude oil prices, Fed hiking rates, Rising US treasury yields with no sign of inflation being in control or Rising Dollar index. There is no doubt that bearish sentiment has prevailed among many retail people. But one thing cannot be denied that Indian market has stayed more defensive compared to global markets. One pattern that I...

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Rallis India Seems to be in a good accumulation zone. A truncated wave formation in the rock demand zone.Few indicator information for a rally confirmation are : - RSI above 60 - ADX above 30 - ROC above 2 I hope this stock may perform soon or sooner irrespective of the market scenario. However as market is supreme so we need to maintain a SL. The SL seems to be...

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" GOD MUST BE A MATHEMATICIAN " If we look at the construction of universe and movements of the planets & other celestial objects movements, flowering & fruiting cycles in trees etc. everything has a pattern and they are cyclical in nature. That very same assumption is applied and works well in stock market, commodities and forex as well. Identifying the time...

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LOOKS GOOD FOR LONG POSITION WITH A SL OF 1370 Reasons: - Wolfe Wave formation - Wave 5 Taking immense support at Golden ratio of 1.618 ( Retracement of Wave 4 ) - Exaggerated Divergence of RSI - ADX Reversing Downside from 44 - Risk to Reward Ratio is Fantastic Target would be 1483 and above it will lead to 1611 CHART & ANALYSIS Adarsh Kumar Dey

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This is no doubt a fundamentally good company trading at its low while its peers are trading a their higher levels. So it can be strongly assumed that this stock may perform in the upcoming time. Reasons for which GUJARAT GAS seems to be bullish on charts at least for short term: 1. Trend line support is been taken since the beginning of the month at Golden...

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After forming a Bullish Wolfe Wave, Nifty has been rallying fantastically. It has successfully given a break out of the 2-4 TL. And with ups and down I expect the rally to continue till 10 May to 15th May 2023. I am not sure about the price levels but the utmost high that is achievable by NIFTY seems to be 18605 (18605 has been derived by both Price action and...

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In the recent downtrend starting from 2nd December 2022, Nifty has corrected by more than 2000 points or nearly 11%. Of course trying to be intelligent the reason could be blamed upon FII Selling. But if we look at the charts of Dow Jones and S&P 500, a better and clear picture to the entire correction can be understood., The fall starting 2nd Dec 2022 was clearly...

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NIFTY on EOD basis has given a good closing above its previous day high. This is always considered to be a very good bullish pattern. The upcoming resistance will be at the zone of 17774 -17824 (50 Points) . The Fibo retracement of 0.33 lies in this zone too. A breakout above it will lead the Nifty towards 18071. CHART & ANALYSIS ADARSH DEY

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PLOT EXPLANATION: This study is just an extension of the previous NIFTY OUTLOOK predicting the Nifty downside reversal on 2ND Dec (Pinned to the Chart). Previously we noticed that Nifty follows a 55 Trading sessions Cycle, where it makes important Lows & Highs after every 55 Trading sessions. It has been plotted on the chart for a better understanding. A...

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This study is to show the importance of a simple Triple confirmation Strategy in WIPRO that has generated a good return in the past and currently shows the same confirmation. 1. 200 Weekly Moving average – the stock must have tested the 200 Weekly Moving Average. 2. Rate of Change must be above 1 3. RSI must be at or above 50 or marginally lower. In the Past: ...

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Biocon Ltd looks fundamentally very disappointing but there are few patterns on charts that makes it technically interesting at this point of time. Betting for an upside with a calculated risk doesn't seem as a bad option for now. BIOCON ON CHARTS: - Biocon has formed a Bullish Wolfe Wave. - After 10 Weeks the Weekly closing has been above prior candle's...

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CRISIL seems to have completed the correction at least for a shorter term. Wave counting is clearly mentioned on the chart. I request you not to get confused with Wave 2 as it is lower than the initiation point of Wave 1 but visible in Candlestick Chart. As the correction of Wave 2 have been really sharp ie. It was completed in 8 Days with 609 Points of Up move,...

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Oil India seems a good buy at this level for a target of 220 - 236 with a SL of 191. There are multiple confirmations indicating a good short term upside in the stock , so probably it may do good in this week. Detailed explanation has been given in the chart itself, Please go through. CHART & ANALYSIS ADARSH DEY

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The correction in HIKAL LTD seems to be done, the wave counting has been mentioned in the chart. Currently the stock is trying to a time wise correction and has consolidated for a time being try to form a rounded bottom structure and taking support on a curve during the correction phase. Interestingly HIKAL LTD has a trading cycle of forming a low in every 88...

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Seems to be a good entry point. Correction ended with a Bull Market Truncation at 0.786 Fibonacci Retracement level.The RSI shows a good amount of divergence with just about to cross the EMA . ADX indicator even shows the sign of bullishness. The EOD candlestick pattern also signals bullishness .As there are multiple confirmations from many indicators so can...

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The very word “lunacy” dates back to the 15th century when it was believed the moon and its phases could make people become more or less aggressive, depending on its place in the lunar cycle Several studies found a connection between full and new Moons and stock market performance. Generally, stocks tend to perform better in the days around the New Moon, while...