Akshay15

Akshay15

Wipro has lagged other IT stocks in this IT sector rally. But now selling pressure is waning and wipro is set to catch up with other IT stocks.

Akshay15

This is the ratio chart of BankNifty Vs USDINR. As One can see it is trading at the very high range of linear regression channel. and previously whenever that happened it was followed by deep correction. Expecting much lower levels on BankNifty, At least 20000.

Akshay15

Copper prices are diverged from RSI. Price action is loosing momentum. Which increases the risk of buyers selling in frustration.

Akshay15

Divis Lab is loosing momentum on weekly charts. Divis will under perform the Stocks like sun pharma & Cipla. So you have better pair trade available here.

Akshay15

The price action of UJ has diverged from RVI in the past few days. RVI being momentum indicator often changes direction before price. Also trend line support is there for UJ near 109. Buy the Dip should be the strategy in UJ.

Akshay15

As you can see in this channel bank nifty is very much stretched in terms of up side. This is just the beginning of the crisis for Banknifty don't fool yourself into buying this market after correction.

Akshay15

Tata motors stocks is trading at long term trend line support going back to 2008. Giving neutral rating on this chart as I am also confused on whether to build Long here or not looking at the market sentiment.

Akshay15

The chart I am plotting here is the ratio chart between FMCG & Auto Sector. The logic is that during good times Discretionary sector does well & In Bad times Investors hide into consumer staples. As this chart is suggesting FMCG sector is at an record low compared with Auto Sector & has just begun to outperform which is an indicative that one should be cautious....

Akshay15

VIX has broken trendline going back to 2008. Get ready for high Volatility.

Akshay15

It looks like High Yield Bond ETF is going to go down from here which should also worry Stock Investors & Traders.

Akshay15

ITC formed H&S on hourly fade it & go Long.

Akshay15

Nifty has touched upper range of upward sloping channel. Channel goes back to 2008. I am also confused now on what to do. But at least this is not the time to be aggressive in buying.

Akshay15

Max Financial had a strong reversal at 520 which i think is also a Double Bottom.

Akshay15

As you can see from the chart Euro/Dollar pair is trading at the top of the down trending channel. It can be risky to initiate fresh longs in Euro from here, Wait for the right time to initiate Shorts in Euro. It may take some time for Euro to top here & it can be painful to hold Shorts but that would be the right decision I GUESS.

Akshay15

Short tata steel as MACD has generated short call on weekly chart. Daily, 4 Hours, weekly all time frames indicate weak indicate.

Akshay15

Ratio of BN to Nifty is trading at the upper end of the channel which is very much extreme. Risk reward favors taking short position in BN & Long In nifty.

Akshay15

Repco Home has been trading down for quite some time now. Down Trend line Breakout is yet to happen but Price Rate of Change has broken out of downtrend as you can see from the chart. I am expecting price will soon follow the Rate of change & would soon have a breakout, to climb higher.

Akshay15

$/yen is trading choppy recently and there is no clear trend emerging, so i am trying to look at some other factors to see which way it might turn. The first thing is Nikkei Index itself which moved back above the resistance plus MACD turned positive which is positive for $/Yen. Second is the bond yield spread which i think is moving in favor of $. Third is $/Yen...