Market_beat3r

Market_beat3r

-After weeks of contraction in price, Bitcoin finally exploded and took down a key support. -Breaking down from the descending triangle with bearish MACD cross shows weakness. -The Zero Interest Rate Policy (ZIRP) of Federal Reserve that gave rise to many bubbles over the last decade is coming to an end. -With the "risk off" sentiments growing in the markets,...

Market_beat3r

-Stock breaking down from another bearish pennant. -Formed a bearish engulfing candle. -Trading in a pretty narrow range inside the pennant. Suggests an explosive move is around the corner. -Indicators look bearish. -Stock has performed badly in the recent market selloff and Nifty's chart looks bearish as well. -Expecting it to retest the cup & handle breakout...

Market_beat3r

-Breaking down from the rising wedge on the weekly chart. -Bearish cross on MACD. -RSI moving under 80. -Bearish engulfing candlestick. -Bearish divergence on RSI on the daily chart. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-Inverted H&S breakout failed. -Stock struggling despite market recovery. -Stock broke down from a bearish rising wedge. -Stock sustaining below 50 day MA. -MACD line crossing under 0. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-HDFC Bank formed a strong bullish candle, bouncing off a key trendline. -Volume was high. -Bullish cross on Stochastic. -Bullish pin bar candlestick forming on the weekly chart. Not an investment advice. Do your own due diligence. Disc: Long.

Market_beat3r

-BIOCON breaking through key resistance into all time highs. -Breakout on high volume. -Stock was resilient during the panic selling in Nifty. -Bullish cross on weekly MACD. Not an investment advice. Do your own due diligence. Disc: Long.

Market_beat3r

-Extremely light volume despite the panic selloff in the market. -Stock recovered and ended in green forming a bullish pin bar on key support. -Stock holding the 20 day EMA and 200 DMA. -Can expect a quick bounce till 1400-1420 levels. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-Bank Nifty breaking a key resistance today. -MACD crossing under 0. -Further correction looks likely. -Emerging markets across the globe currently under pressure. Not an investment advice. Do your own due diligence. Disc: Short via puts.

Market_beat3r Updated 

-Stock breaking down from a rising wedge. -Converging MACD lines with bearish divergence. -Bearish divergence on Stochastic. -Since pharma sector is still strong, this can be paired with a long trade in a strong pharma stock like Sun Pharma or Biocon. Not an investment advice. Do your own due diligence. Disc: Short.

Market_beat3r Updated 

-Breaking down from a rising wedge/channel. -Rejecting at resistance area. -Bearish divergence on RSI. -Bearish divergence on Stochastic. -Bearish cross on MACD. -Rejecting the 200 MA on weekly chart. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-Stock broke out of a downward channel and then consolidated for a few weeks with volumes drying up. -Stock broke out yesterday after consolidation, confirming a double bottom and an inverted head & shoulder pattern. -Stock also broke above a long-term resistance line that has been tested multiple times over the years. -Breakout was on high volume. -Stock...

Market_beat3r Updated 

-Pharma sector looking strong. -Lupin broke out of a symmetrical triangle. -Bullish cross on MACD. -MACD line crossing over zero. -Stock tested and bounced off the 50 DMA. -Bullish cross on moving averages recently. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-Pharma sector still going strong. -Lupin already higher since my last call. -The stock is currently breaking out of an ascending triangle pattern (in yellow on the chart) and has closed above a key resistance. -Breakout on more than 2x average volume. -Indicators still bullish. Weekly MACD crossing over 0. Not an investment advice. Do your own due diligence....

Market_beat3r Updated 

-Clean inverted H&S breakout in Jai Corp. -Breakout on high volume. -Bullish cross on MACD. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-Breaking out of a falling wedge. -Breakout of high volume. -Cleared the 0.23 fibonacci retracement which was acting as resistance. -MACD crossing over 0. -Should go to all time highs again. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-Stock breaking out of a bullish falling wedge. -Bullish divergence on RSI and Stochastic at the bottom. -MACD moving above 0. -Bullish volume action. Not an investment advice. Do your own due diligence.

Market_beat3r Updated 

-Berger Paints breaking out of a rising wedge. -Bearish cross on MACD. -Bearish divergence on Stochastic. Not an investment advice. Do your own due diligence.

Market_beat3r

-Tesla will break below the key support of $280 on huge volume. -Triple top will be confirmed when it moves under $250. -Elon Musk has pledged his shares as collateral to take loan to fund his lavish lifestyle. Margin calls of those shares will get triggered once Tesla falls further. -Executives leaving the company is droves, leaving millions of dollars worth...