Akshay_bansal

Akshay_bansal

This is a continuation form the previous HDFC bank trade which have given an exceptional return. Congratulations to all who followed. So here it seems that HDFC Bank is following a channel & is in a continuous upward trend. Given the fundamentals & market scenario it should touch the last month high fairly quickly. Needless to say, there is a possibility of...

Akshay_bansal

It seems Nifty is in a rising wedge pattern. I will be keen to buy it on the previous support of 18500. If this doesn't fall from here then we can expect a shoot-up bull run.

Akshay_bansal Updated 

There has been a rejection from 1.9k level for ETH. Since there has been a insane increase in price of ETH of more than 47% in the past few days. It is likely that there will be a correction before the Shanghai update. Since this is a pre-update prediction, this can also go horribly wrong because the overall sentiments of the crypto market are falling in "greed"...

Akshay_bansal

Hi I am late to read this chart, it is evident that Zomato has broken the falling trend few days back, retested the same and now looking to reach ~60 or so. I have just purchased this on the current market Price. Will probably look closely if this is a fakeout. Also, the fib range from Jan 2023 are also giving an indication that the stock is not going below...

Akshay_bansal Updated 

The current chart situation as per me appears to be sitting at the verge of a nice move, either upward or downward. The point where are are today, is the very close to the Q2'22 high and a breakdown from here can take us to the Q2'22 low. Though it would be unlikely to get to that level, rather somewhere in the midrange we will find support. Incase this breaks...

Akshay_bansal

Nestle has been constantly testing the previous highs but not able to break it. While it do so, it is making lower lows, this would mean that if it falls as per the chart there are high chances that it will retest the 17k area. Alternatively, this will come up to previous high retest.

Akshay_bansal

Hi The PA suggests that the crude is good to short right now. I had missed the opportunity to short the previous breakdown (which you can see in the trailing chart). I made the chart well before but kept sleeping on it. Nevertheless, currently I am short on a 15 min timeframe. Will review it on one hour later.

Akshay_bansal

The chart seems to suggest that there would be a potential breakout from the current position. Best would be to wait for a confirmation at the close of the 4 hr timeframe.

Akshay_bansal

So, Gold has given a massive runup since the last update in November. The chart seems to suggest that there is a falling wedge forming. For confluence, I have taken into consideration GC1! & 2020 high. If it goes below 2020 high, then it will further go down.

Akshay_bansal

From the chart, we could say that the Nifty 50 has broken out from the channel and should also break out from the earlier resistance level. For confluence I have used the earlier channel. It should break above the previous local resistance otherwise we would be testing the last support area very soon.

Akshay_bansal

It seems BTC has found its support at 20k-ish and will continue to play above this support. With the FAANG Q3 results out & using the confluence from S&P 500 I feel that the first target would be around 21.7k & next 23k