Sarthak_Singh

Sarthak_Singh

The Infamous Double Top pattern has been established. Wait for the neckline to break for stock to give a move. The grey zone has some minor resistance & the red zone will be our target. Happy Trading. :)

Sarthak_Singh

ref. the chart.

Sarthak_Singh

Look for any previous pattern and see how the stock reacted. We have a Flag Pattern (in a blue dotted line) which was executed very theoretically. It also gave us an idea of the direction of the stock. (This won't always be precise although) The stock went into an Ascending Triangle Pattern after that and is close to giving a Break-out/down. We have not more...

Sarthak_Singh

Total Investment Acquired = Rs 1,04,326.95 Cr. Total Stake Distributed = 22.38% Funny thing is if you invest 10,000 crores in Reliance Jio you will get less than 2% stake in the company :). Also, Jio is the only company in India to build 5G from scratch with everything in-house which is a huge Economic MOAT in itself. For any other company to do that will take at...

Sarthak_Singh

Trade with caution.

Sarthak_Singh

The stock already gave a breakdown. It also crossed 200 EMA. We will have to wait for the stock to cross the trend line because we have a green Ichimoku cloud support in 1-hour timeframe which might act as support and stock might bounce back.

Sarthak_Singh

Currently, Reliance Industries is in consolidation. Stock is trying to give a breakout. Stock is above 200 EMA & closed above the cloud. We have a perfect setup for a breakout. We can go long above the red trend line.

Sarthak_Singh

Pidilite hasn't crossed 200 EMA on a weekly chart since 2009. We have 3 different support lines to warn us before taking an exit. The stock has a record of not crossing the 200 EMA for more than 10 years now. You can accumulate more quantity near the trend line or just invest & forget.

Sarthak_Singh

Short if the stock reverses now.

Sarthak_Singh

Stock is above 200 EMA. Stock may try to give a breakdown. But we'll only prefer selling below 200 EMA, as the stock might bounce back from that level.

Sarthak_Singh Updated 

Levels on the chart. The stock has finally given the last breakout. Stay Safe & Trade Safely.

Sarthak_Singh Updated 

Breakout in any direction will active our trade. We have a rejection zone around the 36-37 level where stock is facing resistance. We can play the channel by buying near the lower trend line & selling around the upper trendline. or We can wait for a breakout in any of the directions & trade that. I will update the levels once the trend line is breached.

Sarthak_Singh Updated 

The stock gave a breakout from the pattern around yesterday's close. Now we have a confirmation of a breakout we can short the stock in the morning itself. Levels are given on the chart. We have placed SL exactly at the breakout because if the stock goes above that zone the pattern will be invalid & so will our trade. Happy Trading :)

Sarthak_Singh Updated 

A Descending Triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. The stock is in a clear descending triangle pattern and gave a false breakout around 4300 levels & got rejected around 4100-4200 level which...

Sarthak_Singh Updated 

The stock crossed a recent support zone with heavy volumes and is facing resistance on/near the trend line. In my previous idea of bajaj finance, I published that the stock is bearish below 1870 and the stock got a pullback from that level. Now What? Stock will try to enter back in the support zone if volumes support it, otherwise, it will hit hard on our level...

Sarthak_Singh Updated 

The Dashed trend line will help us in entering the trade with 21 EMA aligned. Target is the previously broken trend line. SL is the newly broken one. Stay Safe & Trade Safely.

Sarthak_Singh Updated 

This is a close call. Sl - 1260 Target - Upper channel/200 EMA Stay Safe & Trade Safely.

Sarthak_Singh Updated 

Wait for a break out in any direction. Our trade will follow suit.