Mohanraj_Muthuraja

Mohanraj_Muthuraja

Nifty is in the process of making hidden bearish divergence. You can see short momentum in price hike but finally it ends up in making lower low than the current nifty trend.

Mohanraj_Muthuraja

KPIT showing short term strength. However it has to cross 600 levels to get full confirmation

Mohanraj_Muthuraja

CAMS weekly close to be above 2400 to start moving higher.

Mohanraj_Muthuraja

VEDANTA LTD price follows wider action. Support and resistance levels are marked on the chart

Mohanraj_Muthuraja

Deepak nitrite long term view to get down by 200 to 250 rs and then bounce back as per the channel view.

Mohanraj_Muthuraja

Strong resistance is at 16830 but as per descending triangle pattern it looks like to be making new bottom.

Mohanraj_Muthuraja

Bank nifty levels are marked.. if the same momentum continues. Could not see more below than this.

Mohanraj_Muthuraja

Nifty tries to touch The marked levels. Let’s watch them closely,

Mohanraj_Muthuraja

Near at channel bottom. Expecting the price to get consolidated to some extend.

Mohanraj_Muthuraja

Descending triangle. Possible short term bearish. But we are in commodity cycle and steel would be a good bet after correction.

Mohanraj_Muthuraja

#WOCKHARDT at good support. Need to wait and watch. Around 450 could be a good point to start. #only for educational purpose only..

Mohanraj_Muthuraja

#DeepakFertilisers Is ready to fly as it broke the strongest level on monthly and weekly chart. Looks like there is a negative divergence on monthly chart and it has been resolved in lower timeframe ( weekly chart ). So #DeepakFertilisers ready to go long. ***** all my analysis are Only for educational purpose.. not a buy / sell signal.

Mohanraj_Muthuraja

Nifty has formed inverted cup and handle with low volumes. And looks like the expected target also reached. Now it has potential to move down even further from this level but to be wait and apwatch case in coming days. FII is heavily selling**. Comment your views if you have any. This view is only for educational purpose**.

Mohanraj_Muthuraja

ICICI - for now it took support at fib level.618. But considering the budget will it still retrace from .618 or take strong support. ##educational purpose only**

Mohanraj_Muthuraja

Will nifty break 200 ma? Still it holds at good support. But considering that events let’s wait and watch the movement.

Mohanraj_Muthuraja

Nifty still holds strength at 17000 mark and no strong movement seen to be breaking low. Possibilities for now that it could reach till 16600 in coming days and but not lesser than that as per current indicators. Nifty still holds good at 16900-17000 at support. Let’s wait for budget. ** strictly for education purpose only

Mohanraj_Muthuraja

As there is a formation of negative divergence at daily time frame the price is much expected to make down at 450 to 455.

Mohanraj_Muthuraja

Seems like Nift forms a kind of Head and shoulder pattern. and there could be possibility of NIFTY stopping at 13750 Level. Lets wait and see where market has to head us in coming days. Keep Learning.