NeeteshJain

NeeteshJain Updated 

The price action is been trading in a upward trending channel where the price action is respecting upper trendlines as resistance and lower trendline as support. Today, the price action indicates weakness at upper trendline or resistance level where profit booking can take place. I believe the price action shall retrace to fibonacci levels of .50 or 0.618 where...

NeeteshJain

The price action is trading a diagonal triangle and it is urge of a breakout on either side of it. Today's close shall determine the furture price action in this. Keeping a close eye on it as the breakout on either side shall reward in good returns.

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Industrial Finance Corp. of India (IFCI) on monthly chart forming a descending triangle. Once it breaks out above 30, it shall be considered as great long-term investment opportunity. Publishing it now to provide you an opportunity in advance, hope you gain something out of it. Regards.

NeeteshJain

On hourly chart, the price action breaks out from symmetrical triangle at the last hour of trading indication bearishness and dominance of sellers. It shall further go down on Monday. Target:155 Stoploss 161 Duration 1-2 days

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On weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty -0.96% is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend...

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It is been observed on weekly chart that the price action firstly breaks out from a downward trendline and now trending up with increasing volumes indicates change in trend and also high pressure and dominance of buyers in the current price action war. I believe it is a great investment opportunity where one can make over 28% returns within few weeks. Target:...

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On a monthly chart, the price action has broken out from a consolidation range that indicates bullishness and buyers dominance. Previous month the stock corrected 25% and retraces back to the previous breakout levels or resistance. The prices may go down further to 28 levels but eventually it will rise with the time and may cross over all time high of 45 levels....

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Today, the price action breaks out from the flat consolidation with high volume indication buyers comeback and a beginning of new bullish wave. Target: 60 Stoploss: 48.50 Duration: 3-5 days

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On hourly chart, it is been observed that the price action forms bearish Pin-Bar pattern that indicates rejection of higher prices and weakness. It also states that there is high selling pressure from sellers that shall take the price down. It is also important to note that there is a GAP on hourly chart that shall be filled during the weakness. Therefore, it will...

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The price action has been trending up for a while and now it has touched and entered the previous resistance level at around 595-600 levels. It is also important to note that there is also a formation of a bearish harmonic pattern. It is wise to wait to initiate longs in it until the price action breaks and closes above 601. Apparently, there is a good chance of a...

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On monthly chart, it is been observed that the price action formed a bullish cup-handle pattern that indicates continuation of trend and further upside movement. It is a great opportunity to invest in this particular stock at current price levels to gain more than 55% returns. Target: 67 Stoploss 29 Duration: 6 months

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It is been observed that the price action is correcting in Wave 4 and once the price action breaks above 78-80 levels then it shall begin with its WAVE 5 to achieve 110-115 target price levels.

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The price action is consolidating after a trendline breakout on a weekly chart that indicates overall bullish sentiments. Bulls are charging up to take prices higher to around 95-100 levels. It is a good investment opportunity at current levels Target 95 Stoploss : 75 Risk Reward: 1:4

NeeteshJain Updated 

On hourly chart, the price action breaks out from a consolidation that shall move prices to next resistance level of 865 levels. Target 865 Stoploss: 830

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Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we...

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It is a good time to focus on metal related stocks as the price action on metal index just broke out from consolidation on daily chart. Buyers showing interest in metal and building pressure to move prices up.

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Today the price action breaks above the previous resistance level of 137.50 and made a close above it. It signals bullishness in price action and now the buyers shall take the prices further up to 145-150 levels. It is a good time to enter with stoploss of 125.

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As the price action enters the previous resistance zone or a selling zone where previous buyers who got stuck at that high levels shall sell cover their positions and some buyers who have been enjoying the rally shall also cover their profits. Therefore, this whole situation where buyers and sellers looking to cover their position may result into some correction...