Bullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I...
Rounded Top Formation. Yesterday broke the neckline, and expected to touch to 24700 levels. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
H&S Pattern , post which there is a retracement to the DD & SS zones, Hence seems 11200 is soon on the cards in Near term before ultimately hitting the target of H&S i.e. 10900 levels. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
As per the technical support line. Weekly (sine May 2017).
Charts look weak with a Double Top formation. Near term price levels of 1030. In case the neckline breaks further downside to be seen. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Waiting for breaking the neckline, i.e stock has to close below 820 levels to mark it as a breaking the neckline. Only post that a short can be initiated i.e. only after the confirmation. Once confirmed Stock can see levels of 600; SL: 943. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my...
Falling wedge pattern spotted , generally it can be spotted after a rally. It is a bottom reversal pattern, to reverse there has to be a breakout from the pattern. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
near to the lower end of the channel, so could see a bounce back of 100 levels. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
A descending triangle has formed in the downside and hence if there is a breakdown then further downside. Will Update the target once there is a breakdown. SO for now, waiting for breakdown. 10% chance there might be breakout. Hence waiting for confirmation Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it...
A symmetrical triangle was spotted, however the breakout could pass the 3% closing test and hence no trade. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
As per the weekly charts, HUDCO brokeout from the downward channel. Target & SL mentioned on the chart. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
As per the daily charts, it has formed a symmetrical triangle, so waiting for either a breakout or breakdown. Accordingly trade direction can then be taken. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
As per the weekly charts the stock is moving within the channel, so no trade as per weekly charts. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Nifty hit a low of 11287 on Sep 11, 2018 due to concerns on weakening rupee which a hit a all time low of 72.72 finally settling at 72.69 against USD and rising bond yields which surpassed 8%. No sector was spared, including Pharma & IT which were the beneficiaries of the weakening rupee. Disclaimer: I am a novice, so please don't construe your trade basis this...
Buy dollars as it is strengthening on the back of liquidity tightening in US. Further EM curries are facing more of a contagion. Rupee to shortly reach upto 75 levels. Do not trade basis this, as I am a novice and I am posting this just to check if my views hold true.
Nifty 11300-320 levels as per the channel breakout. I am a novice, so don't construe this as a trade. I am posting my views just to check whether my view is on the right direction.