As CNX Infra is showing fatigue, one of its components #DLF can not be trusted for long. Weekly Chart is all about selling on rising.
CNX Infra is showing fatigue on a weekly chart with a massive downside. Pay attention to its components. Counters within are subject to sell on rising, rather than buy on dips. #DLF #Godrejproperties #Obroirealities
1. Voltas respecting 21 EMA 2. An unfilled Gap stays at 1040 and has a tremendous confluence of downwards trendline, gap area, and a 50% retracement of the current downswing. 3. SL being 903 on a closing basis. 4. Buy on dips as near as 910-920 level
Tat Power: On Weekly Chart: 1. Pin Bar at crucial 65EMA (Bullish Set-up) 2. Breaking in horizontal Channel having targets towards upper band of the channel On Daily Chart: 1. Spent 5 days at around 233EMA (We can consider it as a base) 2. Wolfe Wave establishes if trades and closes above 214. It has a TGT of 255 (Around 20% upside). Please refer Pink Line 3.
Havells weekly chart. Lots of call writing at upper levels. Ideal level to short as near as 1200. Try to avoid buying the strength or shorting the weakness. Do opposite with least SL (1.8% min) coz of its volatile nature.
A good portfolio bet. While Disney Star retained their Indian sub-continent TV rights, the most sought-after India digital rights deal was acquired by the Reliance-backed Viacom18 at a whopping Rs 48,390 crore (Rs 143.34 crore per match), which also won the non-exclusive Package C. Package D with a base price of Rs 3 crore per game with overseas TV and Digital...
Tata Steel nearing its 2020 Base which is a confluence of (22/03/2021 B/O level) and (19/01/2018 Swing Top) 750-786 good level if we get.
CNX Infra 1. Long term Support Broken 2. Mirror move downside by 4-5% (Minimum) expected. 3. Mirror move expresses an extension as well.
Tata Motors shaking hands with overall market structure. Closing below 470 can take it to 370 levels in a short run.
PIDILITE INDUSTRIE 1. An evident HNS in action. 2. Can deliver mirror length TGT of 1670 Aggressive TGT, Isn't it?
NIFTY............. 1. 16,000 is a historical long term level where a lots of churning taken place earlier. This is the level where long term portfolio were built. 2. If by chance we happen to see NIFTY at around this level again, initiative buyers are expected to pounce. 3. POC of weekly volume profile also suggest the same level. 4. Start accumulating NIFTY...
Godrej Properties. A distinct 3 drive emerges. Buy the reversal upon dipping towards Previous Low. Get reference for the SL and sit tight.
Hindalco can move fast once B/O above Horizontal TL. TGT is depicted
Indian Hotel. Providing II opportunity to buy B/O. TGTs are depicted.
Aarti Industry. A bit complex setup ahead of earnings on 04th Feb. Buy dips till 950 with SL of 900 for depicted TGTs
Deepak Fertilizers : A good long candidate for 30% + move following ABCD and a mirror geometric move.
NIFTY has a support zone of 16.800-17,000. If this base remains intact in Feb, We have 20K in a short while
Bank NIFTY shows strength and with a support of 37,200 - 37,500 it has a long way to go.