ParimalDevnath

ParimalDevnath

1) The present upside started on 15th Feb 2016 indicated by a Positive Divergence and since then price is moving within an uprising channel. 2) Within this channel, price made 3 tops and 2 dips. Dips were supported by 50 Week MA. 3) On 27th August 18, a Negative Divergence was formed and the same triggered on weekly as well as daily charts. So price is heading...

ParimalDevnath

Price at trendline, may breakout to resume the trend.

ParimalDevnath

Bearish Nifty heading for 11177 if goes below 11200 and also may slide towards 11000 where bulls have built some position. Resistance lies at 11400 and 11500 which has highest Call OI built.

ParimalDevnath

Weekly charts are to be studied along-with daily charts. Why HDFCBank has made such a big correction during strong uptrend? Nothing fundamentally wrong? Perhaps not. Negative Divergence on weekly chart. 200 points downside. Price now close to 200 WMA. So technically this is significant for resumption of the main trend.

ParimalDevnath Updated 

Weekly charts provide strong trading outlook. Two trades: Negative divergence made 90 points. Positive Divergence (still running) made 125 points so far. Investment in learning is more important than investing in the market.

ParimalDevnath

Recently 50 DMA offered support to Nifty at least 3 times. Then the main trend resumed. Will the same be repeated now? a) If 50 DMA fails, 100 DMA is the next low at 11002. b) There is a Trade Gap at 11183-- next possible support.

ParimalDevnath

Bonus 1:2. So re-valuations will be keeping the stock stagnant.

ParimalDevnath

Weekly signals are to be taken seriously. Negative Divergence pulled the price of this untainted (?) bank by about 200 points. At present on daily chart there is development of Positive Divergence, so downslide may be halted. I repeated, weekly signals are much reliable.

ParimalDevnath

Broke out with a large candle and rose sharply. Now forming an Ascending Triangle pattern which may have a target of about 25 points from the breakout point. Place max 2% SL of the total investment.

ParimalDevnath

Large candle breakout. USD vs. INR has been once good cause for the breakout. Now price is consolidating after the breakout. So holding onto the breakout line, some more upside may be expected.

ParimalDevnath

Weekly charts are much reliable. But study of weekly is to be done in relation to daily charts. Signals generated in weekly charts may be taken seriously. Negative Divergence formed and triggered, so price corrected sharply during the strong uptrend. Now price is stabilizing. Resumption of the main trend which is up may still take some more time. Bears are feeing...

ParimalDevnath

Resistance Breakout with a big Candle. Any correction towards the breakout level will be bought out. So our SL becomes small.

ParimalDevnath

I covered Wipro a few days back. Now a breakout is possible of the chart pattern Ascending Triangle targeting 15 points plus-- depth of the pattern. Keep 2 points of SL since market is down.

ParimalDevnath

One year of consolidation, a large candle (meaningful) breakout and now a Megaphone pattern in the making. Upside breakout may take the price towards 1380 -- the previous top where the resistance lies. This is no trade recommendation.

ParimalDevnath

Once a darling of the market bulls, TVSMotors has been correcting for about last 9 months. But now is the stock turning around? If the trendline and 50DMA are anything to go by, the answer should be yes. One may like take a medium to long term view with an SL at 500. Holding onto this level price may move upto 800 again.

ParimalDevnath

This Index gives clarity as regards how PSU Banks are going to fare. From lows, the Index has come up to 200 DMA. But there is lack of direction. It is learnt that RBI is working hard to settle the nagging issue of NPA. If the efforts of the RBI bear success this Index will settle above 200 DMA and scale up. Then we may invest in good PSU stocks such as SBI. At...

ParimalDevnath Updated 

Weekly chart. Consolidating for last 9 months. May be pregnancy is maturing to bear since trend is upbeat. On daily chart 50DMA, 100 DMA and 200 DMA are crossing on the upside. Previous breakouts gave phenomenal returns.

ParimalDevnath

Good brand. Strong market appearance of products. Gradual switching on to EVs. Keeping up with the demand of time. Weekly chart. It is a breakout stock. Levels of breakouts are marked. Price is consolidating in a small range for last 10 months. This carries importance. Some more decline towards 8389 (previous low) is possible since price has moved below 200 DMA....