Previous NIFTY OUTLOOK post was an indication for the Expected Bullishness. No surprise NIFTY didn't disappointed at all.
For 11th OCT the mentioned support level was 17841 and NIFTY shooted up exactly from the mentioned level.
For 12th OCT the mentioned support level was 17863.50 and NIFTY shooted up from the almost the same dot to dot level .
Link to my...
TCS was definitely a surprise for its loyal investors even though it was having not so annoying quarterly results.
Now let’s focus on what’s next. I carefully went through the chart adding some important parameters. Let me share the findings with you.
On 26th Feb TCS closed 3.37% Down with a huge volume spike at 5.53M, RSI was 33.12.
On 9th July TCS closed 1.55%...
This company is into financial services. The QoQ revenue growth is good. Wave countings has been plotted on the chart.
Currently the stock is taking immense support at 0.786 Fibonacci Retracement level of the previous wave 2-3. This gives a clear hint that the stock will head for point 5 (Price level - 33.30).
However the short term targets are 23-24.
Drawing the TL (trendline) is really important. It gives you a hypothetical idea about which & what way the certain stock or index is heading.This is an hourly TF chart of NIFTY . I have segregated the trend in to four parts by plotting the trendline A,B,C,D.The last line ie D is the major support in short term. In terms of price the support stands to be at...
IDBI BANK LTD is in Bullish Wolfe Wave pattern formed over years(Wave countings has been marked). The chart is bit difficult for a newbie to observe.Let me brief you in key points.
Very recently it has got activated again and broked the 135 TL. But the good thing about this time is, it has sustained above the 135 TL for 2 weeks.
1.The blue circles that used to...
One of the largest PSU Bank of India has hurted many investors in recent years. Although it needs courage to comment anything about this stock but analysing the pattern carefully, I have started feeling positive about this stock.
From its peak the counting of the 5th wave seems completed. But the upside reversal is not yet confirmed.It needs to trade above the 135...
Seems like a Good Buy. Because it has been testing the 0.5 Retracement level since last 5 weeks. And the financial performance of the company is also good. We can witness a good bounce in the times to come.
CHART & ANALYSIS BY
ADARSH KUMAR DEY
The stock has corrected from its 52 week high and trying to take support at 0.618 retracement level as well as its previous two highs,
Generally these are the levels where a stock sharply rebounds. It would be a BUY call from my side, of-course with a proper SL.
Chart & Analysis
Few reasons to focus on this stock:
It has recently touched and took support at the 0.618 Retracement level of entire 0-3 Wave.
It is at monthly trendline support.This is a very strong support
It is backed by Dis-investment theory.
Any strong reversal can make this stock fly
Previously I have done mistake by taking buy decision at an intermediate support. I have...
This stock is a very crucial point ie. RAS( Resistance acting as support). And in mid term it has formed a Wolfe Wave, the wave counting has been mentioned in the chart. 5th wave may get initiated soon.
The completion of 3rd wave and initiation of 4th wave has been confirmed at 1.618 Retracement level .
However the completion of 4th wave and Initiation of 5th Wave...