Stocks_Mario

Stocks_Mario

* 6283_6430 is strong support zone as per MCX from where it had bounced & now getting resisted by downward sloping (pink) trendline. * Till holding above 6283 on WCB, every dip will be buying opportunity for 7070_7380 / 7960_8370. * WCB below 6283 can test 5546_5670

Stocks_Mario

* As said in previous update, WCB below 3901_10 opened doors for next support zone - 3636_3675 and made low 3647. Now below this zone 200 WMA may provide some support for time being for some bounce. Although 3636_3675 will be broken & can expect fresh 52 week low after some bounce or before it. More than 5% cut in index once the importance support of 3901_10 is...

Stocks_Mario

As discussed in previous update, Nasdaq fell down below the BEARISH ENGULFING CANDLE and now follow through has happened as it closed below the engulfing candle low. * Overhead Resistance zone - 12100_12210 * Next decent support zone - 10950_11050 & 200 WMA - 11158 * Below that strong support zone - 9737_9625

Stocks_Mario

As said in earlier update, 29890_29400 support zone and 200 WMA have been tested and made low 29250 but closed in between the support zone. Now sustain above this, we may see bounce or below that, there is a unfilled gap zone in between 28902_28495 which may act as support for near term

Stocks_Mario

Buy @ cmp & in dips till 420 | Tgt 940 / 1200 / 1800 / 2250 / 2900. #NOTE: Low volume stock.

Stocks_Mario

INVESTMENT PICK Buy @ cmp & add in dips till 58 | Tgt 280 / 380 /440+

Stocks_Mario

Buy @ cmp & in dips till 30 (if any) | Tgt 115 / 150 / 200 / 240+

Stocks_Mario

NSE:CNXPHARMA 11700_12050 & 10400_10800 are good support zones for TREND REVERSAL for minimum 18000 to 24000 in MID-TERM which is almost 50_100% from cmp. In LONG-TERM expecting index to hit 33000_37000. So look out for fundamentally good Pharma stocks which are near good support zones or hovering above BREAKOUT RETEST ZONES & start accumulating them for...

Stocks_Mario

Formed EVENING STAR, BEARISH ENGULFING & DOUBLE TOP PATTERN IN WEEKLY TIME FRAME EVENING STAR PATTERN low was breached on 29 Aug but not taken out on WCB & then high was breached on 13 Sept - 15 Sept continuously but not taken out on WCB, ended up in BEARISH ENGULFING PATTERN along with DOUBLE TOP. Now finally both the patterns have been validated with lows been...

Stocks_Mario

At present index is in the support zone of 26200_26490. There might be 2 possibilities only below this support zone. 1) Can fall till next decent support zone 24200_24300 & move up. 2) Fall can extend to fill gap zone 20196_20341 before starting next leg up move.

Stocks_Mario

INVESTMENT PICK * Buy in tranches from cmp to 600 for multibagger returns * Can start doing SIP too

Stocks_Mario

INVESTMENT * Buy in tranches from cmp to dips till 90 for multibagger returns. * Can do SIP too

Stocks_Mario

Buy @ cmp & in dips till 450 | WCBSL 412 | Tgt 620 / 720 / 850+

Stocks_Mario

* Next decent support zone - 10950_11050 & 200 WMA - 11134 * Overhead Resistance zone - 12100_12210 * Below that strong support zone - 9737_9625

Stocks_Mario

DJIA breached the falling trendline resistance & 50 WMA but can't hold above it, formed shooting star & evening star pattern near critical resistance and falling down. Now 29890_29400 will be next support zone where 200 WMA too converges. Below that, there is a unfilled gap zone in between 28902_28495 which may act as support.

Stocks_Mario

* S&P500 is in the strong bear grip. As mentioned earlier, fell one sided from 50 WMA to the yellow trend line support, spent 2_3 weeks there with minor bounce & finally breaking down. * WCB below 3901_10 will open doors for next support zone - 3636_3675. In this case, 3636_3675 will be broken & can expect fresh 52 week low. * 3480_3510 will be next decent...

Stocks_Mario

Forming Symmetrical Triangle pattern inside ascending channel. Either side break on DCB will decide further movement. Support & Resistance zones mentioned in chart.

Stocks_Mario

Trend line break out done but still not closed above previous swing high 18097. But as per PA still LH-LL pattern continues... DCB above 18097 will change the pattern of LH-LL and it will be sign of Trend Reversal. This view is only for SGX NIFTY and NIFTY. Coz Bank Nifty and major of stocks had changed their trends long back and some hitting new highs