SumantraChabri-NCFM-NISM

SumantraChabri-NCFM-NISM

There is a clear "Inverted Head and Shoulder" pattern formed in Nifty. Let's see furthur.

SumantraChabri-NCFM-NISM Updated 

According to chart, wave 3 < 1.618 * wave 1. From bottom of wave 1 to the top of wave 3 = 3800 point. So, the Nifty target might be 14200 or, 17900. As, the 14200 sustains comfortably. So, we can say it could go upto 17900 level.

SumantraChabri-NCFM-NISM

Nifty has given the much eagerly awaited "Golden crossover" , which confirms the bullish view going afterwards. *Hit like, If you like my Ideas."

SumantraChabri-NCFM-NISM Updated 

Nifty is in upward channel. We might see an uptrend.

SumantraChabri-NCFM-NISM

Same patterns in BSE Midcap Index. Let's see what is in store ?

SumantraChabri-NCFM-NISM

Same pattern in BSE Small Cap Index. Might take more than two year to regain the lost glory.

SumantraChabri-NCFM-NISM Updated 

Tata global Beverage is in uptrend. Chart tells all.

SumantraChabri-NCFM-NISM Updated 

If Nifty able to cross the 11200 zone and sustain above it,then it may march towards 12100 zone. The sustained breakout above 12100 can take it to 14000 zone in medium to long term. The stochastics and the %R has also given buying signal. * Hit like if you like my analysis."

SumantraChabri-NCFM-NISM Updated 

Nifty is in the parallel channel support zone. William's %R is in the oversold zone. We might see some pullback from here. Overall, we are slowly entering in a bull market phase in the upcoming quarters. ** Hit like if you like my ideas.**

SumantraChabri-NCFM-NISM

In the hourly TF,Nifty have to cross the 11640 level with a significantly higher moving ATR to give a healthy breakout and reach 12000 level. ** Hit like if you like my idea.**

SumantraChabri-NCFM-NISM Updated 

Nifty seems to have completed the 2nd wave. The KST indicator seems to show upward crossover of slow line by the fast line. This indicates the bullish phenomenon. The RSI indicator is also showing strength i.e. it is above 30. Near future will tell the rest. ** Hit like if you like my ideas. **

SumantraChabri-NCFM-NISM Updated 

We are in a bull market and no need to panic for a bear grip. We are nearly in as much correction as Oct'18. The 10750 zone might give us strong support for the wave 2" to be completed. The zone shift might happen after crossing 12000 zone. Then we can see 14000 level.

SumantraChabri-NCFM-NISM Updated 

The inverted head and shoulder pattern, together with upward momentum of RSI and ADX , signifying the upward momentum for Nifty. The surviving of Nifty above 200 period MA, emphasizes the upward momentum for Nifty. ** Hit like,if you like my Idea.**

SumantraChabri-NCFM-NISM

A clear inverted head and shoulder pattern have occured in Nifty on daily chart. There is also a upside crossover of stochastics and the %R is also moving in the upside. ** Hit like, if you like my idea.**

SumantraChabri-NCFM-NISM

Nifty is in the downtrending channel and maintainning the support of the downtrending channel. All the three indicators are likely to move upwards from the near support zone. It is highly likely that the wave 2 have been completed. It seems the 3rd wave is in the offing. Investors are zeroing in to jump on the board. Let's see. *Hit like if you...

SumantraChabri-NCFM-NISM Updated 

There may be still some correction due in Nifty. We may see 10750 zone if more correction is there. But if it breaches the 11200-250zone in this week, the more uptrend can be seen.

SumantraChabri-NCFM-NISM

Marico has given a price volume breakout.

SumantraChabri-NCFM-NISM

We might see some pullback as Nifty touched the lower bollinger band and the lower point of the downtrending parallel channel. %R taking support at the lowest level. There is a slight divergences between Nifty and the RSI, as the RSI continously going lower whereas Nifty doesn't (comparison between 19/2/19 and 1/8/19 ) **Hit like, if you like my analysis.**