Spunkygamer

Spunkygamer

Refer to the levels provided in the lines. Could be a low risk possibility!!

Spunkygamer

Refer to the levels provided in the lines. Could be a low risk possibility!!

Spunkygamer

BN is at the verge of dropping another 500 points till 43200, if not able to hold 22 May 2023 swing i.e. 43680. If crosses then, possible target should be 43500/ 43200.

Spunkygamer

Nifty is making lower lows from past 3-4 days, which is not a good sign. It is also possible that some profit booking is going on amidst of Russia Ukraine conflict. US Fed and Int rate also posing threats. Nifty true colour will be visible only after the conflict is over. Be careful.

Spunkygamer

Hey Everyone, As you can see, there are multiple patterns emerging in Nifty (previous a flag which I believe failed badly). Additionally, in my understanding things are not looking so good because of liquidity issue. US Fed is reducing the liquidity which in time will make a serious impact. The infuse liquidity can double the market then taking that back would...

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Hello everyone, Lets try to understand the following: Global Scenario: - Interest rate hike on the card; - QE is ending; - Tapper is in plan; - Earnings are not as expected; - Demand getting slow; - Uncertainty Russia US over Ukraine; - KSA and Yemen issue; and - Many of growth stocks in US are at 52W low; and - - (Minus) 4.1 World GDP Indian Scenario: -...

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As you can observe in the charts, Nifty fails to enter in its Covid range and hence, corrected today. Now for next a few days my view on the market is negative and likely to touch 17800-700 (before it enter in the COVID 19 channel) and thereafter any positive move looks possible to me. Hence, kindly be careful while trading and trade with SL. SEBI unregistered,...

Spunkygamer

Godrej Ind making VCP pattern. Hence, keep an eye on the same to enter at the right time.

Spunkygamer

Bank Nifty ('BN') is at a immediate resistance, which also a key level for overall movement of the market. As you know from our Nifty analysis that good triggers (such as good GDP data, economy and better revenue collection) will help the market to close in green, but the key is to sustain above the key levels. If BN crosses 38k levels and sustain, then there is...

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Flag Pattern again. Can we see the old rally again and bulls taking control. Time will tell us that, but do note that Flag pattern is a continuation pattern, not reversal. Further, quarterly earning to come in whole of January 2022 and February 2022. India is bullish, GDP is up, Economy doing fine (USD 3.1T). COVID is not a danger as of now, but US Fed Interest...

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CDSL is at its trend support which in my opinion is very strong and hence, it is good time to buy and hold with SL Rs. 1390 (move as per the trendline).

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Nifty has made a Wedge and holding it as of now. If it hold we can see higher levels and if it breaks it can fall upto 17500. I feel Nifty is in great shape for moving up or perfectly settled for a pull back. One can take a chance and long Nifty with a tight SL of below Wedge line on daily time frame.

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As shown above, nifty has broken its three month old trend line. However, Nifty still above its bullish trendline made post COVID-19. It appears that this volatility is fueled by FII selling which help in triggering SLs for many traders. In my view, Nifty is going to touch its bullish trendline in in Nov/ December (with some pull back). Further, all the...

Spunkygamer Updated 

Similar patterns are form on Nifty/ BN. It would show some correction and hence, look for shorting opportunity. If you trade on current view, please trade with SL.

Spunkygamer

Nifty has made a hammer on 25 October 2021 at its curial support line. Now, since the hammer at its support line, as per the technical analysis, its a sign of reversal of the trend and hence, I will be considering this as bullish pattern. The pattern will be invalid if the Nifty break lows of 25 October 2021. PS: Always trade with SL and this view is my...

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Tanla Platform is in the business of cloud platform. Currently it is in Additional Surveillance Measure (ASM) - STage 2 of the exchanges and hence, not much move has been shown by the Company. In my limited understand, Tanla has show good Q2 results which are fair in comparison with the prices of stock. Its peer, route mobile also shown similar strong...

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Nifty has made progress in a channel. Accordingly, Nifty has almost touched the top. Hence, it is possible nifty show a short term correction in upcoming week. Stay Cautious and always trade with SL!!

Spunkygamer Updated 

If Hindalco surpassed its ATH. It is likely that Hindalco will make new upper levels in coming days.