Sumanyu_Aggarwal

Sumanyu_Aggarwal

Price fell almost 80% from its top. A simple reason for this fall could be a fall in earnings and profit margins. Net margins fell from 40% to 15%. That is a fall of 60%. Retained earnings fell from $85B to $67B, a fall of 20%. Total fall comes to 80%. I do not know if it is a coincidence or an actual reason. Assuming this is the reason. Stock recovered more than...

Sumanyu_Aggarwal

Silver in INR terms is forming a multiyear flag and pole pattern. It is consolidating after breakout. It is a long and big bet so position yourself with a bigger vision.

Sumanyu_Aggarwal

On a weekly chart. Laurus labs has broken down the triangle pattern. Though the candle is not complete, a fall of 6% is good confirmation. Stock can retest before falling further.

Sumanyu_Aggarwal Updated 

Dow Jones is near a trendline on a weekly chart. It bounced from a major level. Further I will wait for the new price action to take fresh positions.

Sumanyu_Aggarwal

Stock is moving in an upward channel. Now trading at the upper range of the channel. It is forming a bearish pattern on the daily chart. But taking a fresh short position here can be risky based on only this analysis. But you should be careful if you have long positions.

Sumanyu_Aggarwal Updated 

On the monthly time frame stock is in a rising wedge pattern. It is also outperforming the market from the past few months.

Sumanyu_Aggarwal

Stock was near a major support. But it is falling continuously. It is forming a falling wedge pattern on the weekly chart. Because it broke a major support, we can see a short term bounce, but the overall trend seems to be bearish, until price breaks out of the wedge.

Sumanyu_Aggarwal

It is in a falling wedge pattern on a weekly timeframe . Price is now testing the trendline.

Sumanyu_Aggarwal Updated 

In the daily time frame, it is in a falling wedge pattern. I have tried Elliott wave analysis, but I am new at it, so do not trust me on that. It is at an important level, so I will wait for some more price action to take fresh positions.

Sumanyu_Aggarwal

It is breaking out of a 2 year long triangle pattern. Confirmation when weekly closing above 655.

Sumanyu_Aggarwal

The stock is trading below its major trendline. Stock is respecting the trendline since its listing in May 2020.

Sumanyu_Aggarwal

There is double bottom and divergence on RSI(14), in SOLUSD. The height of red volume bars is decreasing.

Sumanyu_Aggarwal

Since September 2021 India vix is rising. NIFTY 50 made a top during the same time. Despite the market recovering all its fall, vix is not changing its trend. Is the chart telling us something?

Sumanyu_Aggarwal

Stock is making higher highs and higher lows. RSI is decreasing, but it is still above 60

Sumanyu_Aggarwal

Triangle pattern in Twitter. Is Twitter ready to trend?

Sumanyu_Aggarwal

NYKAA stock is trading near an all time volume profile level. Consolidating in a triangle pattern.

Sumanyu_Aggarwal

Solana is in a rising wedge pattern. It can break the triangle and trend