Sarthak_Singh

Sarthak_Singh

Reliance has a history of running patterns within a pattern. It seems to be the nature of the script. Look for a breakout.

Sarthak_Singh

Look for Shorter Timeframe Breakouts. The Stock seems to have crossed a long resistance zone which makes the probability of making new lows very less. It's not eliminated completely as markets are very irrational but we can any day bet on a good probability of something that is likely to happen and has more indicators favoring itself.

Sarthak_Singh

I am changing my stance on bitcoin with this post. I was skeptical about cryptocurrency as they seemed like a financial gimmick (Also because I'm a buffet disciple and he had different views on it) but not anymore. Not because I understand bitcoins or cryptocurrencies but I can sense the pattern where the fiat currency will be eliminated by this new format of...

Sarthak_Singh

A short term view : The stock is showing a turnaround in the higher timeframe setup. The reason is obviously the merger as the major momentum came after the budget. For now the flag pattern is emerging and a breakout in the upper direction can give a good push and good returns. A long term view : No doubt Allahabad bank has the largest number of fixed assets...

Sarthak_Singh Updated 

Nifty closed on a daily chart with a very strong bullish candle. Closing is important for another reason which is the resistance at 11650-11680 levels. Nifty stayed around 11650 throughout the day & closed at 11647.6. Open Interest has also added many put writers in the weekly & monthly series which is very bullish for nifty. On the daily chart, Nifty has been...

Sarthak_Singh

Stock is at an important resistance level. We will only trade on a breakout on the upside. There is no point in shorting the stock if there's a breakdown because the stock is in a clear uptrend. Even if there is a breakdown, the best is to ignore the scrip. Buy zone is slightly above the breakout zone to avoid falling for any falls breakout If we are buying...

Sarthak_Singh

Minor Levels on the chart.

Sarthak_Singh

A lot has happened in the past few days. Let's Discuss. Russia came out with a vaccine around 10th & 11th Aug'20 & Gold fell by good points. The relationship between the Gold & Equity Market is inversely proportional. which means when equity markets don't perform well over a few quarters investors start pulling out their money from equities and start investing...

Sarthak_Singh Updated 

There has been a channel breakout but RSI is at its full capacity. That won't help in pushing the stock further, rather hurting the momentum of the stock by consolidation or a fall. A good opportunity to short the stock.

Sarthak_Singh

Biocon broke the Trend Line in Hourly + Daily + Weekly Timeframe. Stock will take a pause on the Monthly Timeframe. Although Biocon looks bullish for the long term on the Monthly timeframe, we can see a pullback in the short term.

Sarthak_Singh

Stock in a descending channel pattern but Rsi has picked up at the support level and stock can attempt a minor pullback on the upside.

Sarthak_Singh

The stock has a medium trend. Red rectangles are just high tension zones (S+R).

Sarthak_Singh

Wait for the neckline to break.

Sarthak_Singh

Heading towards the bottom trend line for now. There's support around 21850-880. Enough to take a pause.

Sarthak_Singh

Breakout/down has the potential of giving a good move. MACD isn't very active for now. The stock might act rangebound for the time being before heading anywhere.

Sarthak_Singh

As long as it follows the trend line, MFSL will win the race.

Sarthak_Singh

Fortunately, the 15th of July wasn't a very optimistic day for Dow Jones otherwise it would've ended up making a double top pattern which would've been a new disaster for the global markets. The uncertainty won't end until markets get out of the COVID levels (or above 100% retracement levels). For now, DJI is stuck in an 1800 points range. Breaking out will give...

Sarthak_Singh

A 50% rise from the latest bottom, that calls for applause !! Nifty is very religiously following the theoretical definition of a Trend Line. There has been some seasonal support (*red zone) and resistance (*black zone) that will help in analyzing the next few moves of nifty. We have a good -400 range on the downside and +300 range on the upside. If Nifty...