IlyasShaikh

IlyasShaikh

The one stock that I am keeping a close watch is LLOYDSME. It is forming a bullish ascending triangle pattern. It will be a good bet with respect to medium term perspective. The stock has just recently got split and accumulating at this level. The range of the pattern is Rs 6.9. The breakout will yield a good interest on the investment.

IlyasShaikh

Nifty was consolidating for a long time and again it got locked in a clear pattern. The break out could lead us to 8400 from the current level.

IlyasShaikh

Happy Independence day to all !!! After a huge upmove, Banknifty is consolidating and it is making a flag pattern in 60 minute chart. We have to wait and see if Tuesday is a Gap up or Gap down. Gap up will mean the breakout of the range which will make index to inch more higher. If it is a Gap down, one can play for the target of 18540.

IlyasShaikh

Nifty has taken a support once again and started moving on upside direction. One can take a position at the current level and closing partial position @8668 and getting out completely @8713 with a stoploss @8515. The below indicator is William_Vix_Fix which is created by my mentor Chris moody. The indicator helps us to gauge the bottom of the ongoing trend.

IlyasShaikh

Nifty has taken a support once again and started moving on upside direction. One can take a position at the current level and closing partial position @8668 and getting out completely @8713 with a stoploss @8515. The below indicator is William_Vix_Fix which is created by my mentor Chris moody. The indicator helps us to gauge the bottom of the ongoing trend.

IlyasShaikh

Today Nifty Index witnessed a huge profit booking. The one sector which came under pressure was BankNifty. BankNifty is consolidating at this level. The price pattern making Triple Tops, H&S and inevitably Flag pattern. All are hinting towards short term correction. If price remains and take support at this level @18625 then it is ready to inch towards 18950...

IlyasShaikh

Breaking of a support below 1140 could lead us to 1040.

IlyasShaikh

Like most of the instruments, ACC also get trapped in cycle. One can use timing triggers to get entry and exit point.