DhRuV0007

DhRuV0007 Updated 

Hi Traders / Investors , Netflix can fall upto 560 levels from 665 levels upto maximum of 100 points because of following reasons based on technical analysis. 1) Breakout and retest of Ascending triangle pattern and Uptrend . 2) Failed to form Higher High and Higher Low. 3) Formation of Bearish RSI Divergence. It can fall upto 615 level which can be target no.1...

DhRuV0007

Hi Traders / Investors , Probably there can be a bearish momentum in Hinduja Global Sol because of following reasons :- 1) Formation of Head and Shoulders Chart Pattern , which is mainly considered Bearish in nature. 2) It gave breakout below neckline of pattern and is retested. 3) It can fall maximum upto 32 % , as it also has a support at 2000 price level ,where...

DhRuV0007

Hi Traders / Investors , This is a Swing / Positional Trade. I can see a bullish momentum in Zomato for following reasons :- 1) Resistance Level from ( 4 months ) got broke now acting as a Support. 2) Breakout with large bullish candle with increased Volumes. 3) As per Fibonacci , it is taking Support at 0.382 level which is good support with healthy...

DhRuV0007

Hi Traders /Investors , This is a Swing / Positional Trade . I can see a bullish momentum in Maruti Suzuki because of following reasons :- 1) Formation of Inverted Head and Shoulders Pattern . 2) Also formation of Double Bottom chart pattern , which is also bullish. 3) Can also enter this trade after a Retest at prior Resistance level now acting as a...

DhRuV0007

Hi Traders / Investors , This is a Swing / Positional Trade . I can see a bullish momentum in Fine Organic Ind because of :- 1) Breakout of Cup and Handle Pattern forming from 6 months and retest. 2) Huge spike in Volumes at breakout. 3) Prior resistance level broke now acting as a Support. 4) Big Bullish Marubozu type candlestick at breakout. Giving a Risk to...

DhRuV0007

Hi Traders / Investors , This is a Swing / Positional Trade. I can see a bullish momentum can happen in Greenply Industries because of :- 1) Rounding bottom pattern got breakout and came for a retest at prior resistance level now acting as a support. 2) As per Fibonacci , it is taking support at 0.382 level which is healthy retracement and strong support zone. 3)...

DhRuV0007

Hi Traders / Investors , This is a Swing Trade. There can be a bullish momentum in Muthoot Finance Ltd because of following reasons :- 1) Consolidation from (5 months) with Low Volumes got Breakout with High Volumes and Large Green Candle. 2) Got another opportunity to enter because of Retest . 3) Prior resistance level got break and now acting as a support . 4)...

DhRuV0007

Hi Traders/Investors, This is a Swing/Positional Trade. I can see a possible bullish momentum can still occur in Canara Bank in upcoming period because of, 1) Breakout and Retest of symmetrical triangle pattern . 2) Increase in Volumes in recent times. 3) Breakout of Resistance level ( approx. from 2 years ) with High volumes, as Longer the resistance holds and...

DhRuV0007

Hi traders/investor, This is a Swing / Positional trade. I can see that a possible bullish momentum can occur in upcoming period because of: 1) Price action is taking support at 0.618 levels of Fibonacci which is golden ratio where trend can possibly reverse. 2) Another support is prior resistance (consolidation) got breakout and that same level will now act as...