RUDRA007

RUDRA007

Canara bank started its upmove from levels of 80 and now it trading around levels of 310 almost have given a rally of 4times in last 2 years Now on weekly time frame counter is trading around resistance levels of descending trend line, which is around 310-325 levels, in last one week counter is consolidating in range 303-315 levels and now able to sustain...

RUDRA007

Price action study on reliance 240 mins chart, from last 2 trading sessions counter is giving weak signals, rally started around 2300 levels in counter to level of 2640 counter is trading in ascending parallel channel structure and maintaining its posture around higher end of the structure,, now in last 2 sessions counter is giving reversal signals, bearish...

RUDRA007

Counter is trading in ascending parallel channel structure, few days ago on result day counter gave a gap up opening and now counter have filled the gap,, now closing below 593 would lead to reversal confirmation, so sustaining below 593 on closing basis and follow through would lead to levels of 579 and 551 going a head,, if not able to close below small bounce...

RUDRA007

Grasim spot cmp 1750 levels cup and handle pattern formation, where breakout can be confirmed above levels of 1835 , need 2 consecutive daily close above levels for confirmation symmetrical triangle pattern formation, where counter have resistance zone around 1790-1825 levels and support zone around 1690-1720 levels. decisive breakout on any side would lead to a...

RUDRA007

As per elliot wave theory counter is on verge to mature its motive phase, ascending wedge pattern formation have resistance zone around 355-361 levels counter have given bearish reversal on smaller time frame below 354 levels now zone of 354-360 would act as strong resistance zone for counter. bearish divergence on rsi with respect to price, use rally in counter...

RUDRA007

MNM as per elliot wave theory is on verge to mature its motive phase and soon the corrective phase might unfold ,which would lead to deep retracement in the ongoing rally for this counter. Recently counter gave a breakdown from the ascending trend on a structure of parallel channel and now counter have retested the same channel levels. Bearish divergence on RSI...

RUDRA007

Index is facing resistance around the ascending resistance trend line, though index and nifty are managing to achieve higher levels, auto index is making bearish weekly candle around resistance levels,, Now till index does not give weekly close above 13500 levels,, view remains to be lighter on auto counters. As inflation boom autos are the first one where the...

RUDRA007

Index have historical resistance around 1186-11230 range , where index have made top and reversed , so if same resistance levels is respected , index will give sharp fall of 600-800 points fall from resistance zone. view gets negated above 11250 on daily closing basis keep watch index is at resistance juncture..

RUDRA007

Index is trading in time cycle of 106 days and 73 trading bars on daily time frame, after every 106 days index tends to make peak and reverse below previous low levels, 106 days cycle maturing soon,, need to keep watch on that time cycle, index have given break out from descending trend line resistance, and sustaining above that levels, but till it does not...

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Nifty pvt bank index have life time high around 21720, if index fails to sustain above 21720 levels and give daily close above that levels, than consideration of double top pattern around 21700 levels, from where reversal till levels of 20000 can be seen on initial basis, 2 consecutive close below 20000 levels might lead to further correction in pvt bank...

RUDRA007

INDIA vix at 14.40 is at good demand zone,, if manage to sustain above 14.05 on daily closing basis and reverses above can give sharp upmove till levels of 23 and weekly close above 23 would lead to levels of 29 also. below 14 levels possibilities of falling till 11-10 levels arise, from where reversal can be seen. read the above condition 2 times and decide...

RUDRA007

Multiple harmonic pattern matures around same support levels. 106-105 might act as strong support zone for this fall,, from where reversal can be seen view gets violated below 103.7 on daily closing basis upside Dxy might give upmove to levels of 109-111-113

RUDRA007

Bearish harmonic gartley pattern formation daily time frame reversal confirmation below 1625,, view is only valid if counter closing velow 1625 levels dont trade without hedge,, with option as due to new outflow counter is too much volatile lets see whats in store,, its conditional view need confirmation of reversal.. wait for the confirmation for view to get activated

RUDRA007

Ascending parallel channel structure formation channel resistance around 2624 which is surpassed and now harmonic equivalent harmonic ABCD pattern would mature around 2680-2700 levels either on reversal below trendline. or around higher levels of harmonic maturity counter can give reversal on lower side, new of msci and fii weightage increase are out which have...

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Harmonic study reveals that bearish harmonic pattern matured and now for reversal confirmation counter need to break below 2469 and give closing below that levels,, if reversal confirmation is confirmend , counter trend might start,, let see whats in store

RUDRA007

Counter have given move from 220 to 315 levels with out any retracement, wolf wave formation,, suggest counter is overbought RSI divergence in seen on higher time frame descending trend line resistance around 315-325 range counter is at caution levels,, reversal if unfolds will be dangerous, time to look at your investment if any in this counter

RUDRA007

Bank nifty index is at interesting juncture,, double top formation wolf wave formation which will be respected lets see,, but one thing is sure that the game is about to end.

RUDRA007

Nifty spot index chart study as per elliot wave study and divergence on indicators, chart patterns,, what will be the probable out come from this study ,let see