Huge volume and a huge fall. please give some time to cool it down. I Will update while consolidation signs are seen or a breakout reversal is spotted. Right now I don't see a bullish candlestick pattern even.
As NIFTY is in Wolfe Wave so HDFC BANK has to contribute sooner or later. But the expected momentum will come once it crosses and closes above 1450.25. if such exercise is done then the target remains to be at 1560. till then 1450.25 will act a small resistance.
This is a good level to accumulate the stock for a medium term position. Bandhan Bank Ltd can be accumulated at the level of 310-320. Very soon it will be out the consolidation phase and move upside.
BATA INDIA on charts looks really good. Let me summarize the reasons in few points just to let you know why it deserves attention. 1. It is currently in its 4th Wave 2. A wolfe Wave has been formed with in its 4th Wave. 3. It has rested at few resistance points of its 3rd Wave. It could be seen as Resistance acting as support. 4. Surprisingly the Resistance acting...
Nifty has given an awesome move both downside and current reversal, respecting the patterns and time. The day Nifty turned bearish, it was updated with chart (link has been given below): () However after the violent breakdown the expected target and time was updated privately for few old members. As the pattern is completed, the study is made public (link has...
Maruti Suzuki India Ltd. is in a very good shape right now. Let me take you to few historical insights. Recently a Wolfe Wave was completed determining its Point 4 for the primary Wave. A smooth reversal from the point hints towards initiation of Wave 5th . 7533 to 7730 is the rectangular consolidation phase of the stock with a drying volume. As the selling volume...
A bullish Wolfe Wave formation completed on 17th February with in the parallel channel as it formed on 10th February that led to the rally till 15th February. Now Hope, this would lead to rally for completion of the Super 5th leg of the channel. And this even is the last hope for Bulls for today. Because this is really a short time frame and there is very good...
Bandhan Bank has completed its Point 4 of the primary Wave by taking a support at 0.786 Level. A reversal from the point creates a probability towards initiation of Wave 5th . From the CMP 338 till 321 is a very good accumulation phase. Targets are 360-376-397. Profit booking on finding any reversal signs on these lines is advisable and such signals will be...
Wait for a proper BUY signal. I will update the same in Update Idea section. All the probable reversal zones ie. the retracements and trendline has been drawn. Be cautious and don't hurry to initiate a LONG position. Its okay if we miss the stock and the stock moves upwards. But buying or selling a stock without knowing the consequences is really dangerous. If...
Result Declared. But it will be interesting to watch the stock at its sweet zone above 135 TL sub wave. But its primary signals towards completion of 3rd Wave. But the problem is 3rd wave can extend upto 2.618 now it has reached just 1.618. So better wait for a proper breakout or reversal to go long. I will regularly update in Update idea section. If you follow...
Taking a good amount of support. Movement has been really less from past few weeks with diminishing volume. And these are technically reversal signals. So going long on this stock with a suitable SL is not at all a bad option or foolishness just because we have a bearishness perception regarding the markets. Take the trade, its okay if SL gets triggered, you would...
It may retrace upto 920 Level. But looks attractive for BUY. STOP-LOSS & TARGET all would be updated afterwards. Chart By - Adarsh Dey
Looks really attractive for long on EOD Chart. But when you look at the Weekly time-frame it would look like as if its rising from a coffin. The weekly time frame look has been given below. So it would be a really good bet with a suitable Stop loss.
We will definitely ride this but wait for a confirmation.This is a very aggressive stock, when it starts travelling upwards it can give us a good amount of return. There are few parameters that is needed to be checked.I will definitely confirm the same in update idea section. Start following the stock so that we can get a good entry point.
No doubt its a result day so anything could happen, but early signs are bearish. I will wish it to give a closing above 340 level for further momentum. If results are not celebrated by markets then the history consequences is already plotted. Chart By- ADARSH DEY