MANNRK75

MANNRK75

The fall has been quite steep in last few trading sessions. Oct Expiry is also putting pressure, along with global cues. The journey to 18500 will not be too fast but ultimately it seems this is the level where we should see buying return back, if we are still in a bull market( which we are I suppose). More correction is expected on ultra hot indexes like...

MANNRK75

Looks like ready for 3rd wave. Hitting bottom of uptrending channel.

MANNRK75

Breakout imminent...!!!!

MANNRK75

RALLIS India Monthly chart - Double bottom at 139 and Double top at 296, which it has crossed with volume. Current correction is expected to touch 300 again.....may be tomorrow. Good entry point as it will now become a very strong support. Multi-year breakout with supported by volumes. Good business( pesticides and chemicals) and at relatively fair valuations (27x PE).

MANNRK75

Nice rounding bottom pattern on chart.... KEC is expected to bounce back from here.

MANNRK75 Updated 

SPICEJET - Weekly view There are three trade scenarios here - 1) It will cross the upper trendline in the current move, hits previous high of 108, giving 38% return. Eventual target seems to be 138, will be more clear once it comes out of channel. 2) It hits the trendline at D(88.20), it will give 10% return this (most likely) week. and then reverses down 3)...

MANNRK75

Decent correction from high's 0f 395 has happened, took it sweet time but respected 0.38% retracement. Seems like 5th has started today,showed lot of strength in a correcting market, though volumes were not too high as the move came in the last hour. Bullish candle formed. Keep a stop of 343-345 and go long here. It could give 20% returns and reach 435 next.

MANNRK75

After the IPO in late 2019, it has been in a downtrend. I am not sure if i captured the correction wave accurately but it seems the new primary is underway and 5th will be an extended wave, taking it back close to its IPO price. There is a sectoral trend as well - ICICI Sec, MOSFL, Angel as well as AMC like Nippon are showing traction. Also Pole and Flag pattern...

MANNRK75

The ferocity of 1st of the 5th suggests that retracement for 2nd would complete at 0.38 and hence should end at sub 5000 levels. Overall, the 5th seems to be ending at 6700+ levels. Disclaimer - This analysis is for you (the reader) to critique and point out errors in judgement, and in the process, making us both learn more.

MANNRK75

Well, everyone was waiting for RELIANCE AGM and market verdict was 'disappointing'. This should have a rub-on effect on BHARTI in the days to come. I would like to play this pattern on the upside - potentially looking at 850 in the long run(this is weekly chart). Lets see how this thesis plays out.

MANNRK75 Updated 

Long trade looks good - 1) Whole paper sector is showing good traction. 2) Current wave after healthy correction. 3) Broke 52 week high today on strong volumes. First target should be around 66.0

MANNRK75 Updated 

A lot is changing for PSU's, especially defense related stocks with second list of items being banned for export. BEL is looking strong from here on with targets of 160 and 167 next week.

MANNRK75 Updated 

Has nicely consolidated into 118-125 zone and ready for an upmove to 135-147 levels. Main hurdle is 130... watch out volumes when that level is taken out. Could go up to 160.

MANNRK75

3rd wave under progress, steepness of rise supports this. Also, Rounded bottom recovery, ready to touch previous highs of 485.... volume is supportive.

MANNRK75 Updated 

NIFTY Indecisive - Watch out for how 15800 is reclaimed back before committing too much. Once that is crossed, we may head to 16190..!!!!

MANNRK75 Updated 

Weekly charts are showing that 5th wave is going strong. Once 485 resistance is broken, we can see 550 in June series and eventually 588 on the cards. An extended wave could well hit Rs 850. Education purposes only. Just studying EWP, please correct / add your comments / opinion.

MANNRK75

SBI is strong in today's correcting market. looks good for one final move till Rs 510.

MANNRK75

At 50% retracement of the recent rally. Near a good support level at 2140. Keeping this as a stop loss, looks good to go long around 2160-2170 with first target of 2300.