SunilDhawan

SunilDhawan Updated 

Is it the first sign of top formation in HAL. parallel channel upper edge is touched from the bottom. Monthly candle is also doji, follow through will be interesting to watch

SunilDhawan

After great IPO listing, it failed to sustain the bullish strength gained initially. now it fails to retain the bulls. This is the time to test the company strength Bears are ready

SunilDhawan Updated 

Good selling in TANLA has formed the bearish parallel channel. Is someone making exit big time here do watch 820-870 level for follow through selling

SunilDhawan

This may be good example to learn when does pattern retest happens

SunilDhawan

in past 5 years this has given good run up in parallel channel. It would be interesting to watch how channels break down. but before that it has dead cat bounce to be watched

SunilDhawan Updated 

Inverse head and shoulder formation gives a confirmation that price has reversed well from lower end of the parallel channel and ready to move up. middle resistance zone has be bo and retested as well.

SunilDhawan

after moving partially sideway to bullish it has given fresh BO if 5400 is saved this may given good returns from here

SunilDhawan

Bearish Wyckoff Distribution Schematic #2 Events expect more selling and be careful with wide jumps as those may not be practical to hold

SunilDhawan Updated 

Mean reversion happening on bigger time frame. more selling from here may take it to 135 120 level stop loss could be 160

SunilDhawan

After continues and sharp fall. it has started going sideways however more time correction may help to make bottom 84 or 82-80 zone is probable area based on current setup. if price correction happens faster then I do see bottom near 77 as well

SunilDhawan Updated 

after falling from the high of 1000 it has been inside the parallel channel since past 2 years now after mild retracement it may try to break the channel towards up but 680 is crucial level which it may not be able to break and has to consolidate further

SunilDhawan Updated 

after completing wyckoff accumulation bullish pattern, stock has shown weakness to sustain at higher level. as of now it is in sideway range. Once 810 level is broken it may try to form "M" pattern Lets wait and watch if this pattern is completed successfully I do expect it to take minimum 3 months

SunilDhawan

QMOM has consolidated well in previous 3 years before giving this BO however considering broader mkt sentiment it has to take mild hit. after the bounce it may given handsome up move in next 3 -4 yrs

SunilDhawan

Bearish trend reversal pattern head and shoulder is clearly evident 711-685 is crucial level to break down.

SunilDhawan Updated 

VaNECK Semiconductor ETF is in parallel channel since 2009 once it crosses 157 then expect good move in next 1-2 yr 115 need to be supported else it will be invalidated

SunilDhawan

Flag formation on monthly chart use retracement to enter fresh with a perspective of 2-3yrs. consider 19 as your stop loss

SunilDhawan

LOPE is moving is moving well in a channel direction. After giving Breakout at 135 it may try to retest Use the oppurtunity to enter and 110 is important level to be save keep a horizon of 2-3 yrs

SunilDhawan

KGEI has shown good in last 2 year after getting overbought in late 2022-early 2023 it has formed unorthodox inverse head and shoulder as well as pennant formation