Ck_Trader007

Ck_Trader007

Currently in corrective wave 4 after taking support from 23.6% retracement of last primary swing high-low.

Ck_Trader007

ITC is taking base from 199 and has completed 12345 and ABC pattern from March low. Since then it has restarted 12345 and ABC patern again. Curently in minor corrective wave ii of wave 1. Once this gives a reversal which is likely to happen above 200, then target is at least 240.

Ck_Trader007

Currently in minor wave v of wave primary wave 5. At least should be breaking the high of wave 3 which lies at 420.

Ck_Trader007

Mothersumi has completed corrective wave 2 in wave 5. And now embarking on wave 3. Assuming conservatively wave 3= wave 1, target is 297.

Ck_Trader007

Dixon has taken support around the baseline of a long term channel. MACD has already indicated a reversal and the price is headed to the meanline which is atleast 5000. Target- 5000 SL- 3900. The view is supported by observation of move on Q4FY21 results day. This exhibited Long-Building behaviour on that day and since then maintaining uptrend.

Ck_Trader007

Price is breaking DMA200 on daily chart. On RIL/NIFTY50 ratio chart also, ticker is hitting a trendline line. If closing is above 2043, Go long Target-2190 SL-1990.

Ck_Trader007

After breaking from 33600 level, Nifty has entered momentum zone. Target- 35800 Support- 33900.

Ck_Trader007

In this Bearish Bat pattern formation, LICHSG still has some way to win over territory upto 475 before making any significant reversal.

Ck_Trader007

Pause in Momentum in BajajSugar and Short formation on the chart of Sugar commodity suggests retracement below the level of 12.47. And if range of 12.47 to 12.20 is broken, next target is 10.37.

Ck_Trader007

MACD has already given a sell signal at 17. Signal confirmed if price breaks the support below 16.70 to 16.50 Hence the sugar rally is likely to take a breather under corrective wave C.

Ck_Trader007

IBREALEST took suport at multiyear price level 71 after making swing high 45 days back. Now bouncing back with Volume. Entry- 80-84 SL- 71 Target- 108 Timeframe- within 3 months.

Ck_Trader007

On the chart, this counter is ready to break out of Triangle with the base of a very strong trendline. Entry point- Above 225 First target- 235 2nd target- 250 3rd target- 280. SL- follow the baselline. This move is supported with restructuring of the Business and target of 40%ROCE till FY2025.

Ck_Trader007

Best accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000. Capital(10,000) Allocation strategy- 1000- Buy now 3000- around level of $2500 in the retracement move. 6000- wait for sharp correction and buy around $21-22,00.

Ck_Trader007

Best accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000. Capital(10,000) Allocation strategy- 1000- Buy now 3000- around level of $2500 in the retracement move. 6000- wait for sharp correction and buy around $21-22,00.

Ck_Trader007

Best accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000. Capital(10,000) Allocation strategy- 1000- Buy now 3000- around level of $2500 in the retracement move. 6000- wait for sharp correction and buy around $21-22,00.

Ck_Trader007 Updated 

Weakness witnessed on account of operating margin pressure as the input costs including employee costs increase in Q3FY21 and likely to continue in fourth quarter. This is making a falling wedge pattern. confirmation on breaking of the pattern.

Ck_Trader007

IOST attempting to break resistance level this time iwth minimal volume formation. Most likely the coin will go hit its support level again. At the support this is a good buy for 30-40% return.

Ck_Trader007

After a stellar move from 5700 to 8100(1400 point or 26%) in merely 4 days, the stock is in pause mode. Accumulation zone is 7576 to 7225(23% - 38% retracement) or at most 7000(50% retracement), in the same ratio after the buzzing 5:2 split news.