DoublebassmaniawithPranav

DoublebassmaniawithPranav

Simple Positive reverse divergence on Axis Bank. 850 is a target coming in very very soon. This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)

DoublebassmaniawithPranav

I know the big man is in US and I know Papa Aayenge toh kuch lekar aayenge, but guess what everyone knows it. so, will I be Bullish as a trend observer, hmmm no. Inverted cup n handle / Head and shoulder whatever name you call it; this share is going to have a relaxation time. Price regression wise it’s in the last leg so can give one up move but post that its...

DoublebassmaniawithPranav Updated 

Flex, Voltas and now this. What a fantastic pattern. 1900 should come without a challenge. It’s a no brainer. This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)

DoublebassmaniawithPranav Updated 

For ONGC to run, Brent Oil Futures have to be running to. it’s quite simple. Right now, Brent Oil Futures are, well consolidating but when brent runs, ONGC is ready to touch at least 125 for the starters. Let’s see, I am a little biased because of few calls I am holding but overall pattern looks quite convincing, remember, yea stock bahut frustrate karata hai.....

DoublebassmaniawithPranav Updated 

So was discussing with my veteran friend who is actually a very good investor. He suggested that Indian Real Estate has been undervalued and there is a large move which is possible. So, I was going through couple of Real Estates in FNO. First hit was DLF, and I think I saw a no brainer move in DLF. Classic cup and handle pattern on Daily and guess what, retesting...

DoublebassmaniawithPranav Updated 

While Friday (the 13th ) gave a very good one day trading opportunity, I am not very bullish on IT. If you see that red line top on Nifty IT thats the wick level high for Nifty IT.. Thats too much.. There is no mega movement, no mega contract, its profit booking time also so breaking that Red line ? Can happen but I see a little movement above that but it will...

DoublebassmaniawithPranav Updated 

I didnt have to draw a lot of lines and channels.. its all auto here actually. The Nifty PSU is also making a very large inverted head and shoulder. If all goes well SBI can show 600 levels very soon. I have earlier posted on another view on SBIN and seemed to have mostly achieved the target. If this goes through very large targets in SBI. * This is only here...

DoublebassmaniawithPranav Updated 

Inverted Head and shoulder pattern which is like a mother pattern of what was repeated earlier. Shown the earlier pattern with success marked with white line. Same is being indicated to happen, on a much larger scale... Do trade your hard earned money after consulting a registered stock market expert, I am a newbie trader :)

DoublebassmaniawithPranav Updated 

I have been following charts which are moving from low to high. The ones which already went up and then coming down, are not the ones performing bullishly atleast in the pandemic times. SBIN was one of the stock chart which was going from a low to high level. I am bullish on SBIN not because of the move today, I have been following this one for a while. 560 to...

DoublebassmaniawithPranav Updated 

So this Horn type or Bell type pattern is call Broadening Tops. Actually both Channels are moving in either Direction. Since this is somewhere in the middle right now, ideally this should touch bottom of the Horn which is around 740 / 725. Remember, India drinks a lot of Chai. So dont short for too long.. Tata Consumer does a lot of Chai business so bad idea to...

DoublebassmaniawithPranav Updated 

So usually airlines are the worst stocks to invest in, we all have seen the Billionaire meme, how to become a millionaire? Be a Billionaire and buy an airlines company. he he.. Anyway. So, I observed that Indigo has fallen quite a lot. Also, its exactly at the support. there were interestingly two supports, one blue line which is the Corona Times channel and...

DoublebassmaniawithPranav

While Gold looks really promising, Silver looks a little far for the BO zone. If it just shoots up irrespective of the curve, which it did earlier also, then $80 seems to be on chart, but after a long time. This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)

DoublebassmaniawithPranav

Crypto may be the new gold. There may be no fear in market because of debt. But Gold is Gold! and is making a fantastic Cup on Weekly. Guess what there a handle is too. To, top that, Fibonacci also supports this. Chart says Gold, is going up baby. When everybody discourages you to buy something, think again, Why??? This is just a chart pattern discussion....

DoublebassmaniawithPranav Updated 

So, its official... there is very less coal to keep the power running in the country... While renewable energy shares will start running, lesser supply will take coal India to the moon in coming days. 160 seems to be the first quick target. Pattern 1 - Cup and Handle Pattern 2 - Inverted head & shoulder 160 should be touched quiet quickly. This is just a...

DoublebassmaniawithPranav

Yea yea, I know Oil is most manipulated commodity on the planet. But amidst the super consolidation worldwide, the most suppressed commodity is oil, and the hurricane supply chain destruction will annihilate the supply. We should see sharp rise in Brent Oil futures in coming days. It’s inevitable. I have given a range of targets from moderate to aggressive....

DoublebassmaniawithPranav

My earlier bearish view on BPCL got negated as this stock kept making Higher highs and lower lows. On daily chart it is giving a no brainer breakout which will come quickly. I am sure media guys will take it forward from here. That green channel is where the stock may retrace a bit and then mega move can come. This is just a chart pattern discussion. Please...

DoublebassmaniawithPranav Updated 

Maybe we can wait for the handle to form or we can jump right in it. Proper gigantic cup has been formed. More trouble on borders can push this stop to 300+ very quickly. This is not an investment advice. I am a newbie trader with 2 years of stock market knowledge. Please invest your hard-earned money on advice of a registered stock market expert. This is just a...

DoublebassmaniawithPranav

Simple positive reverse divergence. While the world is thinking of crash, I am of the opinion that DJI will not only move up, but it’s also up to make a new high. White line is the Target. This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)