NeeteshJain

NeeteshJain

The price action that was trading in a downward trendline has now finally breaks out from the downward trending line, indicating high buying pressure and bullishness. Target: 197-200 Stoploss: 175

NeeteshJain

The price action has been trading in consolidation and now it is showing momentum while breaking out from previous consolidation range. It is also to make note that the current momentum is been observed on fibonacci retractment level of 78.6. That shows buyers coming in with high pressure taking prices up again. It shall reach to 7.40 levels if it closes above...

NeeteshJain

Infosys forming a symmetrical triangle breakout on hourly chart. It shall breakout from it tomorrow. Keep a good eye on it to gain out of this opportunity.

NeeteshJain

There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP. Target: 3280 Stoploss: 3070

NeeteshJain

It is been observed that ABC Zig Zag correction completed and Wave 1 and Wave 2 structured well that shows higher high. Now I observe that Wave 3 is in progress and it shall go upto 261 and retrace back to Wave 4 and then shall again move higher from 261 levels to make Wave 5. It is wise to buy after retracement or near Wave 4 levels. As per technical pattern...

NeeteshJain

Buyers looking aggressive and building up high pressure to breakout from previous resistance and as well as rectangular consolidation. It indicates bullishness.

NeeteshJain

In the above chart, I have marked two candlestick patterns, Dark Cloud Cover and Piercing Pattern and describe their fundamentals. It is been drafted for educational purpose.

NeeteshJain

On weekly chart, I observed that the price action is forming a descending triangle, which is a continuation pattern. It is a good time to put this one in our watch list and wait for couple of weeks to see a breakout from this with a high volume.

NeeteshJain

In the above chart, I have indicated a Breakout from a rectangular consolidation and simultaneously Eliottt Waves action in order to showcase the importance of both in Technical Analysis. After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action...

NeeteshJain

After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up. As per Elliott Waves, there is completion of Regular Flat...

NeeteshJain

As highlighted on the chart, there were three touch and go candlesticks formation observed at supports level of 202 on the weekly chart. As per the last week closing, this time the sellers was in control with price action and breaks below the buying zone or the support level of 202 indicated weakness and sell off in coming week. I expect the target to be 180...

NeeteshJain

The price action broke out from triangle and followed up with big green candlesticks indicated strong buying pressure. At current prices, the price action may move down to 406 levels again as profit booking can be seen and from 406 levels new buying pressure will be asserted in price action to move upto 430 levels or to previous resistance. Target: 432 Stoploss: 390

NeeteshJain

As per Elliott Wave Theory, the gold charts indicates a completion of a Flat ABC Correction that signals a new wave to upside. This is a good time to invest or take a swing trade position in this before the festive season begins in India where we generally see rise in the Gold market. Take positions with stoploss at 87200 Target 1: 90000 then Target 92400.

NeeteshJain

Today, the price action took the prices to the previous support level of 47.45 where the buyers entered in the market and took the prices up again to close to day's open. It formed a bullish hammer that indicates rejection of lower prices and high buying pressure. To confirm this formation we shall see a green upside candlestick aiming to reach 53 levels which is...

NeeteshJain

After a consolidating for a while, Today the price action breaks above the previous highs and made a new fresh high close. It indicates strength from buyers side and up ward shall continue. Target: 1190 Stoploss 1150

NeeteshJain

It is been observed that the selling pressure is high due to which buyers are having hard time to pick up the prices. Previously the bearishness was confirmed by the formation of PINBAR Candlesticks pattern that indicates weakness and rejection of higher prices. Therefore it is a good time to short at current levels for target 1240 Stoploss 1351

NeeteshJain

Yesterday, the price action broke out through the downward trending line on hourly chart, where it confirmed the retracement as well. Now today, it is been getting over from the previous break out levels that indicates trend continuation. I believe it shall reach to 61.8 retracement level of the said down ward move. Target: 580 Stoploss: 525

NeeteshJain

As per today's price action, high buying pressure has broken through the resistance level of 283 and made a monthly close above previous resistance level of 283 that indicated strength and bullishness. It is also be noticed that the new wave has arrived after ABC correction showed in above chart. It means that this breakout can state the beginning of a new wave...