Gippy_2k21

Gippy_2k21 Updated 

Bajaj auto can be shorted due to the following reasons 1)M pattern formation on daily chart 2)In parallel range 3)If Breaks support zone then favorable RR 4)20& 50 EMA on an hourly chart is about to have crossover

Gippy_2k21

Crude oil has formed based and will travel further north in coming days due to the following reasons 1)Base formation or consolidation for quiet few weeks 2)20 EMA & 50 EMA crossover on an hourly chart 3)Lows not broken, swing high is taken out 4)W pattern Need to patiently hold & wait, might see bigger target (FOR EDUCATION PURPOSE ONLY)

Gippy_2k21

We can anticipate a breakdown in the Asian paint, if there is rise in price of crudeoil. When the price of crudeoil goes up it inversely affects the prices that are dependent to it .Here is the comparison and reasoning for anticipation for breakdown : Crude may rise up significantly with time 1) Global sentiments : Negative(EU oil embargo from Russia, China...

Gippy_2k21 Updated 

Price has been trading in the range forming an ascending triangle . The price has been squeezed & there is also a gap between two ranges . Short Term Long .

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After long period of accumulation in a zone the stock has rallied upside. With double bottom the stock is preparing for breakout phase. It might rally up if the neckline is broken.

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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.

Gippy_2k21

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)

Gippy_2k21

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)

Gippy_2k21 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...

Gippy_2k21

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...

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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...

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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...

Gippy_2k21

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...

Gippy_2k21 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)

Gippy_2k21 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

Gippy_2k21 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)

Gippy_2k21 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)

Gippy_2k21

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.