Dhiraj_Ahuja

Dhiraj_Ahuja

Biocon (Daily) Inverted Head & Shoulders Chart Pattern Currently the price seems to be in the last leg of the 2nd wave May enter the 3rd wave shortly and do the breakout of the neckline of the Inverted Head & Shoulders chart pattern being formed We'd actually be bottom fishing the 3rd wave in this case or the right shoulder of the Inverted Head & Shoulders...

Dhiraj_Ahuja

Bata India (Daily) Chart Pattern - Head & Shoulders Wave Count - 4th (seems to be in the C wave of ABC / ABCDE) Indicators/Oscillators: MACD of the weekly is downtick MACD of daily is downtick and NCO too with solid red bars of the histogram BB about to get challenged on the lower side (BBCD) RSI is below 40 in oversold zone Stochastic 14,3,3 is NCO and...

Dhiraj_Ahuja

Shriram Transport Finance (Daily) Head & Shoulders Chart Pattern Lower bollinger band is challenged MACD of the daily wave and weekly tide is downtick RSI is below 40 in the oversold zone Stochastic 14,3,3 is in negative crossover and oversold zone -DI is above +DI and ADX is above 15 in the Directional Movement Index (DMI) Seems to be in the C wave...

Dhiraj_Ahuja

Tata Chemicals (Daily) Head & Shoulders Chart Pattern Seems to have entered the C wave MACD of daily wave and weekly tide are downtick RSI is downtick too, one can wait for it to go below 40 in the oversold zone and Bollinger Band to get challenged on the lower side to be doubly sure Stochastic 14,3,3 is in negative crossover -DI is above +Di Possible...

Dhiraj_Ahuja

DLF (Daily) - Bullish Flag 4th wave seems to be ending, making way for the 5th wave Stochastic 14,3,3 is in positive crossover +DI has just gone above the -DI in the Directional Movement Index (DMI) indicating the start of an uptrend However before going long / buying, wait for the following to become a reality: (1) Breakout of the resistance line (drawn in...

Dhiraj_Ahuja

Indian Energy Exchange (IEX) - Daily Flag breakout - 4th wave flag/triangle seems to have ended and it is the start of the 4th wave MACD in the daily wave and weekly tide is uptick RSI is well above 60 in the overbought zone Stochastic 14,3,3 is in positive crossover +DI is above -DI and the ADX is above 15 in the Directional Movement Index (DMI) Seems to be...

Dhiraj_Ahuja

Canara Bank (Daily) - Flag Breakout Seems to have entered the 5th wave after the end of 4th wave flag / triangle RSI is above 60 Stochastic 14,3,3 is in positive crossover +DI is above the -DI in the Directional Movement Index (DMI) It will be ideal to wait for the ADX to become uptick as well before going in in this though its value is above 15 On the...

Dhiraj_Ahuja

HDFC (Daily) - Head & Shoulders Chart Pattern Possible top fishing of the right shoulder Seems to be the start of C wave MACD downtick in daily and weekly timeframes (wave and tide) Stochastic 14,3,3 is in negative crossover -DI is above +DI and the ADX is above 15 in the Directional Movement Index (DMI) Fake breakout of the 50 ema as well Target 1 -...

Dhiraj_Ahuja Updated 

Inverted Head & Shoulder Chart Pattern Vodafone Idea ( Daily timeframe ) Target is 20.9 (i.e. depth of the head when placed on expected breakout point of 13.85 on the neckline of inverted head & shoulder) It has entered the 5th wave ( Elliott Wave Count) MACD is in positive crossover state above the zero line of the histogram Histogram has solid green bar...

Dhiraj_Ahuja Updated 

Larsen & Toubro Infotech (LTI) - Daily Chart Pattern - Head & Shoulders Current Market Price* - 6613 (*at the closing on the date of posting this chart pattern idea) Target 1 - 6268 Target 2 - 5666 Price has entered the 4th wave in the daily timeframe as per the Elliott wave count -DI is above the +DI and the ADX is above 15 in the Directional Movement Index...

Dhiraj_Ahuja

Subex (Daily) - Inverted Head & Shoulders Chart Pattern Formation Target - Generally you can take the depth of the head But the first conservative target would be 70.2 Seems to be in 3rd wave on the daily timeframe RSI is above 60 Stochastic 14,3,3 is in positive crossover +DI is above -DI and ADX is above 15 in the Directional Movement Index (DMI) Seems...

Dhiraj_Ahuja

JSW Steel (Daily) Chart Pattern - Flag & pole Current market price - 672 Target - 827 (width of the flag channel according to the post triangle thrust / PTT method) Price seems to have completed ABCDE in the 4th wave as per Elliott Wave Count Now it has broken into the 5th wave (flag breakout)

Dhiraj_Ahuja

Mindtree (Hourly)- Double Bottom Chart Pattern Current market price - 4653 Target - 4893 Bollinger band is challenged on the upper end RSI is above 60 Stochastic 14,3,3 is in positive crossover ADX is above 15 and +DI is above -DI in Directional Movement Index On the daily tide, all indicators / oscillators are positive too MACD of the daily tide is uptick...

Dhiraj_Ahuja

Bajaj Finance (Hourly) - Inverted Head & Shoulders Current market price - 7360 Target - 7813.20 (depth of the head) Price has done breakout of the inverted head & shoulders chart pattern neckline Bollinger band is challenged on the upper end RSI is above 60 ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI) All indicators /...

Dhiraj_Ahuja

HDFC Bank (Hourly) Chart Pattern - Inverted Head & Shoulders Target - 1610 (Depth of the head) Seems to have retested the neckline after the breakout Has entered the 3rd wave in hourly and 5th wave in daily RSI is above 60 and the stochastic 14,3,3 is in positive crossover Bollinger band is challenged on the upper end +DI is above the -DI in Directional...

Dhiraj_Ahuja

Kotak Mahindra - Daily Chart Pattern - Head & Shoulders Neckline breakdown Lower bollinger band is challenged and the price candle is extending below it MACD below the zero line of the histogram Solid red bars below the zero line in the histogram RSI is below 40 and in oversold zone Stochastic is in negative crossover state ADX is above 15 with -DI > +DI 5...

Dhiraj_Ahuja

GMR Infra - Daily Seems to have broken out for the 5th wave Suggested buying is not immediate but after it retraces for 2nd of 5th and then gives bullish reversal for 3rd of 5th You may be able to buy it cheaper then Watch the hourly ripple for a suitable buy signal Price action looks good in the weekly timeframe too

Dhiraj_Ahuja

Zee Entertainment - Daily 4th wave has broken into 5th wave Currently it seems to be in the 3rd of 5th as per the Elliott wave count Bollinger band is challenged on the upside RSI is above 60 and ADX is above 15 According to the post triangle thrust (PTT), the target is around 408 Price action looks good on the weekly and monthly timeframes too