Sarthak_Singh

Sarthak_Singh Updated 

Bharti Airtel has no plans of stopping right now. 3 Consecutive flag patterns. If the same pattern occurs more than twice the stock is assumed to be extremely bullish/bearish depending on the pattern. Another breakout & the stock will skyrocket again. 200 EMA is too far away. Once ADX picks up we will have our breakout. 400-600. 50% move in 2 months. Stock is...

Sarthak_Singh Updated 

Overall the stock is bullish. But right now it is around the upper channel. According to the channel theory, the stock will have to drop to the lower channel. The stock gave a breakdown a few days ago but it is above 200 EMA so going long is preferred for now. Now what? ADX is falling. Volumes aren't that great either. Stock will have to go down and then...

Sarthak_Singh Updated 

Some resistance around the dashed trend line. 200 EMA as support near the bottom trend line & resistance on the upside. Hence, the stock is moving in a range. Possibility of a breakout/breakdown. If breaks out then go long with stop loss at the 200 EMA. If breaks down then go short with SL at the black trend line. Target in both cases should be...

Sarthak_Singh Updated 

200 EMA not letting it hit lower channel & stock is trying to break out from the upper channel. 2 Possibilities:- 1. Stock breaks out right away (either by opening gap up or slowly with volumes), but ADX is falling. 2. It can take support at 200 EMA again & then try to breach. How to trade? The exact levels will be updated once we have a clear breakout. Our...

Sarthak_Singh Updated 

On the reverse repo rate cut, banks are parking closer to 7-8 Trillion INR (as per the public domain) to RBI to attract the interest of 3.5-3.75%. So where is the lending happening? No one really knows. Indian operators can hold the markets but not for very long. RBI is done with its charades of repo & reverse rate cut. The stimulus package isn't helping...

Sarthak_Singh Updated 

The stock is bouncing around its support area. It is below 200 & 21 EMA and it is exactly around the last low of march end. Once the trade is active SL will be the bottom of the support zone - 465/468. Target will be open as there is no more support for the stock below the current levels in the short term for now. (310-340 is weekly support) Trade carefully.

Sarthak_Singh

Nifty has been dancing around 200 EMA since Mid-April. There is some strong resistance above the 9300-9400 level. On the downside, there is no support for nifty except for a positive 50% Fibonacci level. Nifty might only move out of range after may expiry. As it did in April. Volatility is low for now. If VIX stays below 36/38 nifty will be in a range of 300-500...

Sarthak_Singh Updated 

Testing an Inverted Triangle Pattern, Now 200 EMA + Green Trend line acting as support. If the stock breaches the triangle & starts to move in the upper channel/Old resistance then the stock will be bullish & going Long will be preferred. But if the stock breaches the support line goes below the black trend line we will go short on the stock. What's required?...

Sarthak_Singh

Wait for the breakout. I will update here for the levels to enter.

Sarthak_Singh

Even the Chinese markets didn't take the virus seriously till 14th Jan'20 and opened 9% Gap Down in Feb after Lunar New Year Eve Holidays. That should've been alarming for the global markets but markets didn't fall till mid-march as Shanghai started recovering in the hopes of finding a cure. But that was just the tip of the iceberg for the global markets. Once the...

Sarthak_Singh

I hope the chart helps you understand how to Trade the pattern. Stay Safe & Trade Safely. :)

Sarthak_Singh

Stock faced some resistance on our trend line and then breached it heading towards the fault line. Now What ? Fault Line is nothing but a resistance zone. If the stock faces resistance and selling pressure around this zone, then it will head back towards the blue trend line. Stock is Bullish above the Fault Line & Bearish below the Blue Trend Line. Trade carefully.

Sarthak_Singh

Breakout in the downward direction will activate our trade. Till then the stock has enough room to travel inside the pattern. Stop Loss will be a few points above the breakout. Target will be the difference between the breakout and the trend line. Stay Safe & Trade Safely.

Sarthak_Singh

Stock is facing selling pressure on the upper channel. Losing momentum as well. If stock breakout crossing the upper channel, then we have a fault line above where it can face resistance and move inside the channel again. To trade the actual channel, Sell below the green line SL will be the upper channel Target will be the lower channel in phases. Stay Safe &...

Sarthak_Singh Updated 

Breakout in any direction (Downwards more likely) will give a good move to trade. Look for closing below 113 and above 160 for going short & long respectively. Happy Trading :)

Sarthak_Singh

Ascending Channel Pattern Stock is pushing too hard on the upside. We have an Ascending Channel + Ascending Flag Pattern in the making. The stock took all the support that it could around 200 EMA & lower channel. Now the stock is making Higher Highs & Higher Lows which is a bullish continuation confirmation. If stock breaches the channel, Long Trade will...

Sarthak_Singh

How to Calculate the Probability of a setup? If a chart is showing 2 or more patterns favoring a view then we can say it is a high probability setup. More the signals in 1 direction, More the conviction to go long or short on the trade. Britannia has been in a 100 points range, building momentum for a while. Stock is ready to give a breakout on the downside. It...

Sarthak_Singh

Ultratech Cement is continuing a Descending Flag Pattern and is currently inside the flag. Now, How to trade a Descending Flag Pattern? Descending Flag Pattern is a bearish continuation pattern so we will have to wait for the stock to break out in our direction for the trade to be active. Trade will be active inside the blue rectangle, as we will have a break...