GauravPrasad_GP

GauravPrasad_GP

Tata steel forming an inverted head & shoulder pattern, if the base line of the pattern is broke we can expect 1 to 2 % up move. Higher low is not taken out, so trend is on upside. Potential retest pending of recent high.

GauravPrasad_GP

Tata motors has formed double bottom pattern and trading around neckline. A retest in neckline area would be ideal entry point and confirmation. It can move further north in upcoming days if nifty stays green. (Education Purpose. Consult your advisor before taking trades)

GauravPrasad_GP

HDFC bank forming a head & shoulder pattern. It has tested the neckline and corrected from there . One can get the depth of right shoulder as swing target on short term basis. On long correction it will take time but it might correct . (Education purpose. Consult your advisor before taking trades)

GauravPrasad_GP Updated 

Tata steel has been consolidating within range from last 7 days. With quarterly result on 11th Nov one can anticipate an up move .Analysis below 1)On 15 min time frame forming Cup & Handle pattern 2)On Day/Daily time frame the stock has not broken lower lows & has been in uptrend. 3)Previously after result the stock has rallied, if result are good then we can...

GauravPrasad_GP

Axis bank has fallen 12% even after good result .The stock can make up move provided if bank nifty is positive. Here is my analysis 1)Double bottom pattern . 2)Lower low level not taken out & consolidation is from few days. 3)Good risk reward ratio 4)Trend might change if Lower High is taken out of fib level of 0.236. 5)Analysis is of 20 to 30 points and for 2 to...

GauravPrasad_GP Updated 

We can expect an uptrend of 20 to 40 points with keeping 0.236 level as support zone or SL. Here are the reason -->Rejection to fall, nifty corrected more than 1.5% below. Tata steel was up 1%. -->After 10.8 % fall from 19th Sep, cycle of correction/fall seems to be halt. -->Retested 0.236 level & made up move. -->If trend line is broken on last 15 min chart an...

GauravPrasad_GP Updated 

Infosys has corrected/ fallen around 10 % and trading around Major SUPPORT Zone. We can anticipate -->It has tested the support zone more than 5 times, expect some reversal as per fib. -->Head & Shoulder pattern has completed it's depth zone. Keep a watch on neckline for reversals. -->Analysis is for next 2 or 3 days. Expecting 20 to 40 points up move. -->Good...

GauravPrasad_GP

Tata motors might be in correction mode, if nifty falls then it might be go for gap filling of around 6%. Here is my analysis -->Descending triangle pattern formation -->If Fib level 0.236 breached (484 level), then will test 0.38 & 0.5 as GAP is pending. -->Quarterly result & Auto sales number already declared, so potential of upside is less. (Education purpose...

GauravPrasad_GP Updated 

Tata steel has fallen more than 10 % from 19 October -->Has taken a pull back from 1270 .Region tested 4 times previously and providing firm Support -->10 % fallen in short span. A short covering/pull back rally can be expected. -->Every Mid month of cycle of falling seems completed. (Education purpose only. Consult your advisor before taking any trade)

GauravPrasad_GP Updated 

Tech Mahindra can be taken as swing for 1 or 2 days -->Has Bounced back from 1480 level thrice -->Double bottom has been formed --> Quarterly result is upcoming

GauravPrasad_GP Updated 

Tata steel is an ideal for shorting position -->15 min chart forming Head & Shoulder pattern -->Big Gap below 463 -->Supply zone might be tested at double bottom -->Price Rejection from PEAK level i.e all time high (For Education purpose. Consult your advisor before taking any position)

GauravPrasad_GP Updated 

Infosys has fallen from All time high and undergoing correction cycle -->Firm Support at 1660 level -->Favorable risk & reward ratio (1:2) -->Might retest the strong support region -->Along with the trend (Education purpose. Consult your advisor before taking trade)

GauravPrasad_GP

Torrent power can breach 500 levels with new all time high -->The chart has formed pole & flag pattern from bottom & broken the parallel channel. -->500 level has been tested thrice on next attempt it will breach those level and make new all time high.

GauravPrasad_GP

ITC stock has formed a double bottom pattern on day chart & ascending triangle on weekly chart. -->The stock has not retested it previous support zone of 200 and have sustained above the support zone consistently . -->ITC moves slower, one should buy for a higher time frame (2-4months) with double bottom as your stop loss. -->If break out happens a very...

GauravPrasad_GP

Intergloble aviation has rallied for more than 15 % continuously. -->There is an exhaustion green candle at the end of rally & trend has turned towards correction with marubozu red candle. --> Have made comparison of last two retracement after major rally using Fibonacci using historically day chart. --> If you are on short swing side the stock might give...

GauravPrasad_GP

Nifty has been trading at all time high. Given the bull run it is possible to make a new level. Bank Nifty are still to touch all time high. Please note the higher low level, if it breaks the level then go for shorting opportunity. Minor dips will be bought up immediately . There is high probability there will be TIME CORRECTION to adjust the moving average in...

GauravPrasad_GP

Adani Head & shoulder pattern for shorting. Though stock remains volatile if nifty falls then good case to short as per pattern.

GauravPrasad_GP

The Price action is for the dates specific to US Fed Interest Rates news and it's reaction to market. Commonly known as taper tantrum & quantitative easing . Post pandemic we will be seeing these similar events since this happened after 2008 collapse we might view repeat of history. The view is how market reacts to news or specific event. Booking profit &...