Kaarthiksudhakar

Kaarthiksudhakar

Only time will tell, as always check for resistance is bear market and support in bull market. I feel this is time to see resistance to get into cash more.

Kaarthiksudhakar

A long pending trend line broken. Let’s see how far the market will fall.

Kaarthiksudhakar

It seems like a proper rejection from previous support and resistance in Airtel. If this line breaks can go to ATH.

Kaarthiksudhakar

Red line and Blue line will act as resistance for Nifty. May be from here we have have a small correction. If it crosses above these two on daily charts, the Next technical resistance will be 14500.

Kaarthiksudhakar

If dollar index closes below 90 this month , we are in for a big upmove in Nifty and BankNifty

Kaarthiksudhakar

The next up move may start in gold if it closes above the black line.

Kaarthiksudhakar

Nifty is in a small range. 11750 will act as a good resistance. If the index closes on daily basis above this, change in trend and up move may start, if index closes below 11540, we may see 11200-11000 in the next week. So trade according to plan and according to your risk.

Kaarthiksudhakar

Seems an head and should has formed in monthly charts. Could be a good short sell.

Kaarthiksudhakar

Are we going to have a 4K drop in FMCG companies. Is it time to short weak FMCG companies?

Kaarthiksudhakar

Tata Consumers can retest 200 DMA after a tremendous up move it had.

Kaarthiksudhakar

After a very long time bank nifty closed above 200 DMA after a very long time. Will we retest ATH ?

Kaarthiksudhakar

If gold closes above 1940 today which is 50 DMA then the changes of next bull run in gold can easily start.

Kaarthiksudhakar

Seems like NIFTY can Go and fill the gap of 12085. If No bad news, we can sell go till there.

Kaarthiksudhakar

An head and shoulder Patten is formed and a retest is done. Are we going to retest 150 again?

Kaarthiksudhakar

Which way will the index move, up or down.

Kaarthiksudhakar

Will the history repeat itself, usually once 200 day moving average is visited, we retest 50 and then fall. Will it repeat again. Will we have a 200 point upmove in nifty.

Kaarthiksudhakar

I think the chart explains itself. Usually once 50 day moving average is broken, market tends to test 200 day moving average which is at 3105.

Kaarthiksudhakar

On a daily chart glenmark has formed a cup & handle length of the cup can be the target. Stop below handle please do the due diligence