Rocky_Chow

Rocky_Chow Updated 

Company is going to announce bonus issue and interim dividend tomorrow...looks ripe for a leap to 4570 keeping SL of 3450..its a saucer formation

Rocky_Chow

yes bank target open for 19.50..time limit is 9 march 2022 as it has broken out from a triangle which can also be a sign of trend change (for longer duration investors)....stop loss if price comes back and closes inside the body of the triangle...

Rocky_Chow Updated 

IF todys move sustins then we could be in midst of wve 3 of n impulse wve with trget of 2400 n 2700 plus s trget, its broken out of tringle nd then the impulse strted....keybord bd...in this scenrio ll trdes hve risk so do your own diligence...looks good to me... plus govt might role bck recent gst hike which could give it tilwind?? SL is closing below 20 dec close

Rocky_Chow Updated 

Stock is knocking on the doors of an important short term resistance ..if it breaks 945 then might just swiftly touch 4 digits

Rocky_Chow

CAPLIN is comfortably trading at a price above its previous ATH of 2017..very short term target is 946 being the breakout from downward sloping parallel channel marked in white.... medium term target is 1390 which is the width of the base, fibonacci levels can also be used as targets which are marked out...All it needs to do is keep gping up at its current...

Rocky_Chow Updated 

If the break out of the ascending triangle sustains by tomorrow, 14-12-2021, then we are looking at targets of 1,770/- Strict stop loss of 1625 on closing basis... expected date to reach the target is 21-12-2021

Rocky_Chow

Another bad boy trying to get out of the doldrums..Yes Bank maybe in the latter part of a triangle pattern that may lead to a reversal..a risky trade, as like vodafone idea...target is 19.50, time to break out would be by 12 jan 2022 and time to reach target be march 23, 2022... Stop loss is price closing below the lower part of the triangle any day...the...

Rocky_Chow

The Base has finally formed in VI with the breakout from 13.80 levels...one can go long in this counter keeping SL of weekly closing below 13.80 for target of 25.. at present a pullback towards the inital BO level can also be observed which may be used to take positions...the smiley face says it all.. keep the stop loss level in mind

Rocky_Chow Updated 

The stock fell from the ascending channel and met its target and got overdone a bit more...chief reason was low realiations of its main product Ibuprofen... it has many more products and is in Crams as well which lent it some support...1st target is 1380 with SL at 1150 levels.. some days it has low trading volumes as well ...its like an insurance in ones...

Rocky_Chow Updated 

An ascending triangle pattern that broke out at about the right time...spotted it late in the day.. Anyhow one can attempt to go long for a target of 375 keeping a stop lss of 314 on closing basis.. expected time to reach target is by end of day on 23rd November

Rocky_Chow Updated 

Since May 10, 2021 SAIL is going through a correction of complex proportions.. even the eye popping results, reduction in debt and such improvement in fundamentals has not revived the stock price... A good news maybe around the corner with a triangle in formation, the breakout of which may result in the next impulse..the widest breadth of the triangle being 45 is...

Rocky_Chow Updated 

Ashok Leyland hourly price chart shows that an ascending triangle is in formation.. price needs to clear the triangle by 11:15 am tomorrow else it doesnt qualify as a breakout... target to reach by 10 November 14:15 hours is 159, Stop loss for now is any point where the hourly close of price falls inside the triangle after 11:15 am on November 2nd FINEPRINT - 50...

Rocky_Chow Updated 

Go long at 17450-17500 for 17950 target based on the chart analysis, nifty would be in a trading range of 500 points next week until the next support or resistance cracks

Rocky_Chow

A bounce can be seen in the short term in NIFTY IT as it has reversed from the lower bollinger band and descending channel in unison, traders need to keep a hawk eye on the present downward channel and ride the short upside that is being presented as channel breakdown will lead to capitulation..

Rocky_Chow Updated 

A triangle break out can happen today, one day too fast as per text books.. results on 2nd november could be the catalyst or reason for failed break out...target 174, Stop loss close below 138, max time to reach is 22nd december. Experts say triangles have more than 50 percent chance of failure

Rocky_Chow

Continuing from my last idea of VTl where the obvious becomes a tad complicated, decided to count the waves taking shape there It appears to be in a corrective wave ii of wave iii... next couple of days, i.e., Nov 1 & 2 is crucial for the upmove to happen, just ride the wave here if it comes, minimum target can be taken as 1:1 of wave 1 and t2 is 1.618 of wave 1.....

Rocky_Chow

Power Storage Units like batteries may get a demand boost as a result of the rumored threat of power crisis said to be looming large in the country, Amararaja is one ugly duckling of the market but its troubles may be soon reaching a climax with bottom at 665 levels...weekly bollinger band has had a squeeze with the width being lowest in the past 25 months and...

Rocky_Chow Updated 

Ascending triangle formation is in progress, post giving a false breakout on 13 oct and crashing, it might just get back in today, however, It needs to make a volcanic move up today or tomorrow to close around 2000 price levels to confirm the triangle.. good thing that results are later in the day, stop loss is 1770 on daily closing basis and target is 2420....