About meI am Certified Financial Technician(CFTe) from International Federation of Technical Analyst(IFTA).
Note: Charts published are not recommendations to buy/sell any specific instruments. Please do not trade based on my ideas. Trade at your own risk! You
Cipla has potentially completed its ABC correction on long term charts and is not set to go higher from here... The correction completed with the channel and Wave A = Wave C and almost at 61.8% Fib levels giving every indication of a reversal from those zones.
One can go long in this stock now with the stoploss just below recent lows around 385 for Targets of...
IndiaCements Stock looks good after a 50% retracement from the recent rally. The stock could start going higher from current levels or retrace a little more till 61.8% fib levels and then going higher towards the target of 95 and 100. Keep a stoploss just below 75 levels.
#indiacements #nifty50 #nseindia #bseindia
This chart analysis is especially for those who asked me about my view on BankNifty going forward after the big rally... My view is BankNifty should go high from here and make new highs and go towards 34000 as my target. Even if there is a deeper correction which I believe should not be the case, the view still remains to buy the BankNifty and look for...
BankNifty has retraced almost 61.8% fib levels and gave a reversal candle stick pattern at those levels. This indicates the short term correction is over and would start a new upmove from here towards the target of 28700 levels for BankNifty. Keep a stoploss around 27000 and trade long for the targets.
Kotakbank is going to give a big deeper correction towards 950 levels. I would keep a stoploss at 1360 and short Kotakbank at current levels or if it goes little higher.
After the rally to 20,000 and a deep correction, completed Wave I and Wave II of Bitcoin and potentially started a new wave of which Wave 1 and Wave 2 is potentially complete, which then makes the next wave which is going to start soon or started just now Wave 3 of Wave III which is considered to be the longest and fastest Wave.. And given the...
After a Sharp Weekly drop last week nifty might consolidate with 50% upmove and if the upmove is a corrective wave pattern then a potential down move would take Nifty to test the previous breakout levels around 9100 levels in the coming weeks. The current down move can also turn out to be a side ways movement for several weeks which would mean new highs would come...
Nifty is potentially making an ending diagonal or moving in a channel, in either case, the movement would be down for a while and then go higher or break down completely.. Look for trendline movement if it breaks above be with up trend but if it breaks the bottom trend line then I would try to get out of my long positions. Just my analysis and not a trade...
Auropharma is giving a buying opportunity towards 50% retracement. One can go long at current price with stoploss below 620 and targets around 760. I could go even higher but conservative targets around minimum of 760. Buy & Hold with Stoploss.
Infratel is giving is buy setup of 15 min chart.. On a daily time frame the stock has completed it 5 way down move and could go up from here.. One can buy at current levels with stop loss around 280 and Targets at 330 / 350 levels..