SunilDhawan

SunilDhawan Updated 

Bearish M pattern formation on CNX metal below 8990 8750 good selling may come that could slip the price upto 8100

SunilDhawan

In last 10 yr WMT has given handsome bull run. Recent profit booking may be start of profit booking which everyone may be looking. 80 is imp level to decide

SunilDhawan

after running terrific run with GOLD earlier now big hand is taking money off the table. however this could be trigger to more selling than anticipated. we needs to be very careful and watch regularly how this may come....gradually or with pace

SunilDhawan

Tatapower is on the verge of breaking near term first swing low. this may initiated bearish dow theory on daily time frame. watchout the bear for next 3 months

SunilDhawan

CNXpharma has double in 2 yrs. pls check our post from 2022 for bear trap formed thr multiple stocks are showing early sign of distribution in cnxpharma be careful with your longs. 21380 below selling may start and 23900 above fresh bulls could be watched

SunilDhawan Updated 

Bearish Wyckoff Distribution Schematic #2 (unorthodox) I would be happy to go wrong however I do see this to test 260 in 2 yrs it has to cross 590 to nullify this setup

SunilDhawan

parallel channel formation in Nasdaq Global Semiconductor Index looks like some big move is going to come above 1530

SunilDhawan

Distribution Schematic #1: wyckoff Phases Stock has been struggling past 3 to breakout and sustain one more last dead cat bounce is pending.

SunilDhawan

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 Updated 

Pole flag formation with confirmed breakout however Breakout retest is pending

SunilDhawan Updated 

buy 170 tgt 260 sl 130

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

CAMS was given a year back at 2800 with perspective of 4900 that was achieved now this is fresh view BO at 4950 hold for 1 yr minimum

SunilDhawan

nice vertical parallel channel any move above 462 on closing basis could be good oppurtunity to hold for next one year

SunilDhawan

Good consolidation since 2009 and price correction after making high in 2018 now it has formed large parallel channel. If it sustain 145-155 zone then it may stay get double in 2-3 yrs

SunilDhawan

UNH has been forming parallel channel since 2016. Also it has a bigger Parallel channel on large time frame as well. which means it is making large time up move after consolidation.

SunilDhawan Updated 

clearly someone is selling this stock in big quantity and making big exit. stock is having distribution on daily chart and I don't rule out 2100 But pls be caution that wyckoff patterns takes lots of time and they are tough to trade considering the spikes in opposite direction of the trend.

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