T_Harth

T_Harth Updated 

Attached: PIIND Daily Chart as of 21st April 2023 Price has given a Squeeze Release Buy Signal + an Inverted Head & Shoulder Breakout Buy Signal as well Markings on Chart are SELF EXPLANATORY ^ Levels: Buy at Current Market Price ~ 3189 Stop Loss < 3112 Upside Target= 3400

T_Harth Updated 

Attached: SBILIFE Daily Chart as of 21st April 2023 For the Levels, it is already marked in the Chart (SELF EXPLANATORY) Stop Loss > 1136 Downside Target 1= 1074 Downside Target 2= 1054 For the Thesis as to why it is a SHORT: - the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as...

T_Harth

Attached: Nifty Futures Daily Chart as of 24th April 2023 SELF EXPLANATORY Chart (all the different colored lines are Anchored VWAPs) Price has closed above AVWAP from 13th April High (recent Swing) and is all set to head higher from here for POC @ 17900 (Volume Profile concept)

T_Harth

CNX500 Relative Strength Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st April 2023 This Ratio Chart is NOT supportive of a Bull/ Risk On phase for the Broad Market. The 500 stocks are likely to Underperform while the 50 stocks are likely to Outperform. What does this mean you ask? In simple Layman terms, it means Index Nifty 50 will be MANAGED (propped...

T_Harth

Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023 (Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to...

T_Harth Updated 

GLENMARK Attached: Daily Chart as of 31st March, 2023 Bullish Opportunity in Glenmark is clear as Price has Not Only given a CLASSIC CUP & HANDLE BREAKOUT BUT IT is also accompanied by a Squeeze Buy Signal aka the Squeeze Release ! (Note: Squeeze is a volatility and momentum indicator introduced by John Carter, which capitalizes on the tendency for price to...

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Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023 Pay attention to the following: 1) Formation of a Double Top/ Distribution Pattern 2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out 3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending IT Sector is the Weakest already and there are...

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Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023 A Classic Triangle Setup is visible in the above Ratio Chart The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50) Hence this makes the Stock a Sell Candidate based on Weakness Well if you also look at the Price...

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Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023 The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index Today Titan is also One of the Top Losers from...

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FIRST THE TECHNICAL VIEW Attached: Nifty IT Index Weekly Chart as of 13th April 2023 In the Chart above, I have mapped out the Potential Elliot Wave Count to play out over the coming Months: - Price has fallen in 3 Waves which is our Larger A Wave - Then Price did a Corrective bounce in an ABCDE structure making up our Larger B Wave - And now the Larger C Wave...

T_Harth Updated 

Attached: GAIL/ NIFTY 50 Daily Chart as of 12th April 2023 As you can see in the Attached Chart, there are 3 Bullish Signals hinting that the Ratio Chart is likely to Rally Up: 1) Cup and Handle Pattern Breakout (see Green Neckline)..... whose Target is still Pending as the Chart works its way up 2) Falling Wedge Breakout (see Wedge Blue lines)........ this is...

T_Harth

Attached: Crude Oil Daily Live Market Chart On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day. Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66...

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Attached: GDX Daily Chart as of 7th April 2023 Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts What do Technical Indicators say on the Daily Chart? - RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅ - MACD is trending up and in buy mode, confirming Momentum✅ - DMI is in buy mode and ADX is above 25, confirming a Strong...

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GDX (VanEck Gold Miners ETF) INVESTMENT CALL📈 Attached: Monthly Chart as of 7th April 2023 (Technical Analysis self explanatory as annotated✍️ in the Chart) CMP= ~34 Upside Targets🎯: T1= 40 + T2= 60 + T3= $100... Stop Loss: SL is Not Needed but just for the sake of it one can keep it below Last Month's (March) Candle Low so < 26.50 Upside Potential is...

T_Harth Updated 

CNX500 Relative Strength Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023 - I am watching this Ratio Chart to turn down after Retesting a Confluence Zone - Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern - It signals Weakness in the Broad Market relative to the Index. - This Chart had Topped...

T_Harth Updated 

Attached: XAGUSD Daily Chart as of 17th March 2023 Price closed up 4.20% on Friday with a Bullish Marubozu Candle At the same time also triggering a Bullish Inverted Head & Shoulder Pattern Breakout Action Plan as follows: Buy triggered with Friday's Closing✅ Stop Loss⚠️ below 21.25 Upside Target🎯= 25 + (which is also the measured move of the IHNS...

T_Harth

Attached: Nifty Pharma Index Weekly Chart as of 7th April 2023 With the Week gone by, Price has formed the 'Three White Soldiers' Candlestick Pattern on the Weekly Chart This has MAJOR IMPLICATIONS (Note: the 'Three White Soldiers' is a Bullish Candlestick Pattern that is used to predict the Reversal of the current Downtrend in a pricing chart.) What Does...

T_Harth

Attached: Glenmark/ Nifty 50 Weekly Chart as of 31st March 2023 This Relative Strength (Ratio) Chart clearly shows the Outperformance of Glenmark over Nifty 50 has Started! The Ratio Chart has given an Inverted Head & Shoulders Breakout with this Week's Candle Close If you compared Glenmark and Nifty 50 both on a Year To Date basis for 2023, then we...