Was Adani Shares fall a scam by Hindenburg and Soros Thugs?
If you look at the charts and Volume coming in at the bottom seems like the heavy accumulation was done by some groups and fall was just a whitewash and make retail investors nervous and lose money.
The Klinger indicator shows the power at which buying was done with very huge volume. The news during...
There are two patterns formation on Charts.
Weekly a triangle pattern and Daily head & Shoulder pattern formed today.
daily target 2392 may be coming.
2nd possible target 2210 in case of triangle pattern breakdown on weekly chart.
Bayer CropScience is in a channel and can see more downside in coming month.
Its a Three drives pattern and if it follows then the Long target is 6794
On downside 3800 seems possible target.
Support and resistance are marked on chart.
LIC India has formed harmonic pattern on the chart
The stop loss is 540 on closing basis
The target in coming months are marked on the chart.
Final target is 846 once it closes above 754
Chart prediction is on Monthly charts and long term view if it follows this pattern
Similar to Wipro even Tech Mahindra is probably making diamond chart pattern.
The Fibonacci retracement support is taken at 78 percentile and consolidating since couple of months.
The Long term target in 1 to 1.5 years is 2000+
Go long once the stock closes above 1165 on...
PIIND on daily chart has formed harmonic pattern and has potential for bullish run now.
Stop Loss on closing basis - 2899
Target 1 - 3289
Target 2 - 3630
Target 3 - 3698
If target 3 is achieved then 4051 is next target after retracement.
Honeywell Automation is trading in a triangle channel and Klinger is showing bearish divergence on monthly charts.
It can breakout on either side and target of 52800 or 21458 can be seen in coming year.
For trading the triangle channel bottom and top can be used.
IRFC is trading in a triangle pattern and awaiting a breakout on either side.
In scenario of upside breakout - The targets are following
T1 - 43.55
T2 - 46
T3 - 53
In scenario of breakdown - the targets are following
T1 - 23
T2 - 18.60
T3 - 16.15
Wipro after fall from 734 to 400 level has taken support near the 61 percentile of fibonacci retracement and is consolidating.
This is long term view based on predictive trend chart.
Long for a target of 830 once it closes above 420 on monthly basis
Very small stop loss will be 380 on monthly closing basis.
This is possible forcasting and not a confirmed trade
On a daily chart a bullish diamond formation is forming and yesterday an inverted candle has formed on charts indicating possible reversal.
If this continues uptrend then 2558 target is possible in coming few weeks. SL is 2290 on closing basis.
After making a low of 17400, the nifty is getting ready for going higher till September to October.
This view is valid for next 6-8 months if nifty doesn't break the AB=CD channel, formation is in currently in progress.
On the daily charts its making Higher highs and Higher low. The target of 19500-19900 is possible.
HDFCBANK, Reliance, infosys, TCS and ITC...
HDFC Bank forecasting
On weekly chart there is distribution coming in from higher levels and stochastic showing bearish divergence.
For short term the stock may be in bearish range and can reach target of 1500
On weekly chart once the cup and handle pattern completes close to 1500 level.
The long term target for the stock is 1800-1900
Paytm today gave a volume triangle break out but its still not the time to buy right away.
Wait for retracement to get better risk to reward ratio. if its below 550 better.
Possible target 1 - 732
Target 2 - 832
Target 3 - 900
Target 4 - 1047
This is long term view not short term view.
Sanofi India is near completion of its Harmonic pattern and will turn bullish.
Sanofi India is nearing its bottom and seems will bottom out close to 4796 by end of May.
Accumulation can be started from 5000
Stop Loss is 4700 on monthly closing basis
Target 1 - 7424
Target 2 - 8989
Target 3 - 9285
Trying to form inverted head and shoulder pattern on weekly charts. Once the pattern completes around 800, long for target of 950 and above. Look for volume with breakout.
PI Industries forming Cup and Handle Pattern. Wait for break out to enter.
Possible target of 4051 in coming few months.
SL of 3289 on weekly closing basis.
