GaneshWadhwa

GaneshWadhwa Updated 

OFSS has broken out of a great pattern. It had also formed an Inverted H&S pattern and has given a clean breakout with good volumes. Have a long bias

GaneshWadhwa Updated 

Falling wedge pattern at trendline and breakout. Have a long bias until the trendline gets broken

GaneshWadhwa Updated 

Bajaj finance is forming a possible Inverted H&S pattern which a very strong long signal if it materializes. Wait for the breakout of the marked resistance line and then go long. Targets can be huge as this stock is a great long term investment.

GaneshWadhwa Updated 

Reliance is in the process of forming an Inverted Head and Shoulder pattern. One can enter on the break of the Trendline. The stock is also at the Important Fib level of .5 and .618 of the previous up move so that adds confidence to the trade

GaneshWadhwa Updated 

A good short term opportunity has presented itself in HCL Technologies. Stock has shown a good bounce off the 50 DMA with strong volumes. The move is coming on the back of satisfactory results. Nifty IT index is also in a good trending structure. A powerful Bullish Engulfing has formed right at the moving average which gives more confidence to go long. SL: This...

GaneshWadhwa Updated 

INFOSYS has shown some sort of demand on 1hr timeframe right at the lower trendline which has been forming since 6+ months. One can make long position in the same with a target of the upper band of trendline. Stop Loss: SL has to be below 1,325 Entry: Entries can be made after formation of a strong candle on hourly timeframe which is also backed by strong...

GaneshWadhwa Updated 

After a short term downtrend which was on back of little to no volume, DMART has shown some strength from lower levels and is ready for a bounce till previous swing. The overall market is also oversold and needs to stabilize a bit before moving again. DMART has formed a good candle with long tail and strong volume to back it up. The same thing happend after 3rd...

GaneshWadhwa Updated 

During the previous upmove, Nifty left a lot of gaps on the downside. All of those gaps, as shown in the chart, have now been filled. Nifty has a high chance of bouncing back from here. Markets are extremely oversold, abandon your bearish bias atleast until you see a corrective move on the upside

GaneshWadhwa Updated 

BnF is forming an inverted head and shoulder pattern. It can give a good move if we see a strong breakout which will induce short covering. Targets can be retest of Previous ATH. Wait for a breakout, don't make inconclusive entries

GaneshWadhwa

BNF gave a beautiful breakout from this Inverted HnS pattern. It can reach upto Previous ATH. Have a long bias

GaneshWadhwa Updated 

India's favourite Paint stock is nearing a very strong Demand Zone. This can be a golden opportunity to accumulate the stock for long term. Do not miss this one. Stop Loss: SL has to be below 2,700 Entry: 2,900 - 2,800 is a great accumulation zone Target: ATH i.e. 3,500

GaneshWadhwa

Rattan India has given a fantastic breakout on Weekly Timeframe. Wait for tomorrow's candle close and the build positions gradually as this is a positional trade. The volume spike has been the highest ever in this stock so that gives it more confidence. Wait for some retracement to get a better risk reward

GaneshWadhwa Updated 

Federal Bank is at a good risk taking zone for a long trade. It has support of a crucial trendline which has been in formation since almost 4 months. Stop Loss: SL has to be below 143 Entry: Entries can be made on show of strength with good volumes Target: Fresh Lifetime highs

GaneshWadhwa

Everytime Nifty has formed 2 or more NR7 candles consecutively, it has given a down move. The retracement till .5 - .618 of the previous down move is also completed, so more up-move is highly unlikely. Keep a Short bias.

GaneshWadhwa

Nifty has completed the retracement till the .5 & .618 fib levels of previous down leg(which also started after a similar retracement) There may be one more down leg remaining before the market finally decides to move up. The candles in this retracement have been not completely strong and have left some gaps on the downside, so the possibility of a another down...

GaneshWadhwa

Hindustan Unilever is at an extremely important Weekly Demand Zone. One can make long positions for a target of upper range of the consolidation with minimal stop loss. Stop Loss: SL has to be below 2,390 Entry: Entries can be made around 2,440 - 2,450 Target: 2,700+

GaneshWadhwa

Kotak Bank is very close to a Strong Demand zone. Everytime the stock has approached this level it has given a decent upmove of around 18-20%. Stop Loss: SL has to be a strong candle close below the zone marked on chart Entry: Entries can be made around 1,640 - 1,650 Target: 2,000+

GaneshWadhwa

Banknifty has given a trendline, double top & a complex H&S breakdown. Have a short bias until the index closes above the trendline again. Retest of trendline highly likely as the markets have been oversold since couple of days. If the rally is on back of weak candles and volume, expect more downside to unfold in coming weeks.