Darshan1971

Darshan1971

Post correction back to the channel rise. Supertrend 14,3 indicates BUY.

Darshan1971 Updated 

The stock is trending bullish with Price Action forming higher Highs and higher Bottoms. 1) 50 DMA > 200 DMA and diverging 2) Supertrend 14,3 about to crossover 50 DMA from bottom. ADX >20 3) Fibonacci retracement and trendbased extension forms a cluster at 127 % of retracement levels and hence the target # 1 of the stock price is approx INR 1589. It is highly...

Darshan1971

After consolidation - BO has occurred. Stock price is moving in vertical channel and has resumed uptrend. Offered a great resilience during correction and FII sell out. 50 DMA > 200 DMA, Supertrend (14,3) also indicates BUY.

Darshan1971

Following are the support points 1) 50 DMA > 200 DMA 2) Long term trend reversed 3) Fibonacci retracement - reversed from 60 % golden ratio 4) Fibonacci extension - already crossed 38% 5) Inverted Head and Shoulder formed and BO occurred Next target 3895 - 4402 onwards per Fibonacci extension. Idea is purely academic in nature and not and advice for trading

Darshan1971 Updated 

Based on Inverted Head and Shoulder and breakdown at the neckline, the revised target for Nifty is marked on the screen. This is academic ideas and not and advice for investment.

Darshan1971

Trending stock and seems will be Bullish due to following reasons. 1) 50 DMA > 200 DMA and diverging Northwards 2) Price higher than Supertrend 3) Price moving a parallel channel 4) Following Fibonacci and Elliot Wave theories. 5) Targets marked in Blue lines. Analysis for academic purpose.

Darshan1971

The stock is moving in a bullish parallel and has taken support on the lower boundary and rebounded back indicating clear recognition of the channel. It has handled the on going correction very well. 50 DMA > 200 DMA. Daily Vol in same range as average Vol. Applying fibonacci the price has already crossed 38.2 % stage. This stock is likely to rise and attain...

Darshan1971

Shinny metal poised to rise. All it needs is a bullish breakout through the Neckline weekly chart. 1) Inverter head and Shoulder pattern - Weekly chart - Target indicated on the chart 2) Longer duration Cup and Shoulder - Weekly chart - higher target indicated on the chart 3) ADX > 25 and is rising trend - gaining momentum 4) The price in the local currency can...

Darshan1971

Ambuja Cement - Almost Bullish 1) Cup and Handle pattern is almost complete 2) The price has almost pierced the Supply zone 3) Super trend is buy 4) Price is trading over 50 DMA. 5) Cement stocks (commodity) cycle has turned positive. Once 1) and 2) are completed the stock is headed for its Target of 701. This analysis is for academic purpose only.

Darshan1971

LTTS stock is exhibiting the following :- 1) The stock has returned from 61 % of fibonacci levels. 2) Vol growth has commenced 3) Two days strong candle above 50 DMA 4) STock price has overcome the supply zone with huge volumes. 5) Nifty IT is on the verge of Break out. Targets are marked on the chart and are self explainatory. This analysis is for academic...

Darshan1971

The stock is exhibiting following 1) Increment in vol on daily chart 2) supertrend is signalling buy 3) Stock has broken the consolidation zone of 85 to 138 4) Stock is trading higher then 50 DMA Resistances and targets are marked on the chart. this analysis is for academic purpose

Darshan1971

The stock has tuned bullish and is likely to resume its uptrend beyond 4920. 1) Supertrend has signalled buy 2) It has several buying zones above 50 DMA 3) Nifty IT has turned uptrend and hence IT stocks are likely to gain going forward 4) FII buying has improved gradually 5) Double Top formation and stock going to test resistance third time and hence is likely...

Darshan1971 Updated 

Stock has formed H&S pattern on the daily chart. it is consistently showing lower highs and lower lows. Trading below 50 DMA. The stock price will pursue 2733 which is a traditional support. The Coppock curve is also downward trend below zero. The analysis is for academic interest only

Darshan1971

The stock has resumed its uptrend after BO from the consolidation resistance at 221. If the stock price crosses its Price action resistance line and sustains above 370 (previous swing high and sell zone) on daily closing basis, the stock has potential to rise to targets indicated on the charts. The analysis is for academic purpose only.

Darshan1971 Updated 

The stock has initiated its uptrend from 50 DMA on 12th May, 22. It has touched the long term high trendline based on Price Action. It has broken out with increasing Vol since last 3 days and crossed last Swing high. It stock price sustains above 83.5 on closing basis, it can reach the Targets as marked on the charts based on Fibonacci extension. Trailing Stop...

Darshan1971

Pidilite has formed H&S on weekly chart - It is likely to reach -1553. It has broekm 50 SMA and has fallen at a very steep slope. this is for academic purpose.

Darshan1971

Dow Jones had made head and shoulder pattern and can go down upto 30000.

Darshan1971

Nifty 50 has formed Head and Shoulder on daily frame. 50 DMA also downward trending. The neck line is broken by a strong bearish candle. Nifty can reach 15325.