SunilDhawan

SunilDhawan Updated 

heading north

SunilDhawan

nifty cmp 17582 future overbought it may start profit booking anytime now

SunilDhawan

hope u made profit. now let bear enjoy for some time. parallel channel started in place now. sideways time correction with price correction

SunilDhawan

Pain in Credit Suisse were evident right from 2007 then in 2009 and 2015, 2018 and lastly in feb 2023 as well. however the slide downwards was very quick which couldn't be caught earlier. if bailout happens and it's kept as separate entity then it may give some handsome returns after few yearS

SunilDhawan

Disparity is high and selling from top has started. on monthly chart engulfing candle formation is in progress. this could be a retracement for the BO done earlier

SunilDhawan

Did the big hand selling the coca-cola stock at this point of time. Though it's very difficult to identify the next move however this is just a try to find the distribution in price

SunilDhawan

since jan 2021 Samsung electronic is under selling pressure in parallel channel mode. after trying to cross 2 time still this is not able to cross the upper edge of the channel. however this time looks to be different. It has touch the lower edge of long term channel. So I am expect the up move to continue

SunilDhawan

since 2017 it has formed a parallel channel and considering the previous monthly candle are we in good position to say this is the TOP formation?

SunilDhawan

head and shoulder followed by Inverse Head and shoulder has made this structure very interesting. Expect a bounce in near term

SunilDhawan

Nifty has still not crossed the resistance zone of 18177 18222 therefore don't consider it as end of bulls. we can still go for another shakeout.

SunilDhawan Updated 

Lumn Wyckoff

SunilDhawan Updated 

This is going to be bit painful once weekly/monthly support is gone in coming days.

SunilDhawan

After making high in May 2022, reliance has been making lower high and following parallel channel since then. already its below median and future not looking good.

SunilDhawan

Is this the end or picture abhi baki hai? follow through after much after bounce could be the turning point.

SunilDhawan Updated 

earlier we went long then short....let's do it again for long....what do you think...will it be able to break recent high

SunilDhawan Updated 

bear entry with fresh strength to pull down the price

SunilDhawan

seems bears are over for the time being and it is ready to break parallel channel to upside

SunilDhawan

Nykaa has been falling in the parallel channel since making ATH 2560 I don't expect this selling to stop in near time. this is just a bounce from the mean.