ITC long term bullish - for personal reference
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...
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
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.
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
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.
Nifty again formed bearish pattern on the charts Target - 17430
HDFC AMC is trading in a channel and is negative short term - Short term target is 1974 If you see the channel bottom there is a heavy buying going on so breaking down of the channel on downside is a low probability. In case it breaks then level is around 1500 - 1000. (Closing below on monthly basis) Long term target of 3300 is still intact if it doesn't break...
Hope this doesnt happen and remains a funny forecast. Bearish AB=CD pattern on monthly chart
Nasdaq formed the Pennant (bearish) pattern on the charts. Target of 9722 will be seen in coming months.
Sanofi on Monthly chart is on verge on forming a death cross (20-50 EMA negative crossover) Cautious on this stock to take entry until there is some confirmation on change in trend. In case the death cross occurs in a month or two then the below support levels are marked. Please note: The formation is not yet completed and if there is reversal well and good,...
Forming patterns on monthly charts and can go long with SL of 19.30 on closing basis.
Google shares are being battered badly due to revenue miss and may continue for a while. Currently its in oversold zone so shorting wont be a good idea. for uptrend to continue or reversal it needs to close above it resistance and close above it on monthly charts. Below are possible support for the share in coming year 89 (first support) 72 (strong support) 64...
Buy Tata Steel near 75 it may fall from current price due to inflation and fluctuation in steel prices in coming months Personal view!
Nasdaq on day chart has formed Head and shoulder pattern and may fall very fast in case of bad news..... the Stop loss will be 9/20 High in case of trend reversal. Hope this doesnt happen. On weekly there is inverted cup and handle pattern forming. I wish it doesnt fall so much.
This is for my personal reference to make myself remind about topics. Nifty probably will remain range bound for at least next year or two till the inflationary effect are realized. Graph is possible prediction and not a confirmed one. Global events with Impact 1. Rising Interest rates and Bond yields 2. Inflation effects and US Jobs report 3. War...