T_Harth

T_Harth

Elliot Wave Count: Fall from Feb 2022 highs is in 3 Wave as ABC which is (W) Rise is an (X) Wave with Lot of Overlapping, Falling Volumes and a Bearish RSI Divergence Now Wave (Y) on the Downside is playing out Downside Targets: T1= 195 T2= 180 T3= 155 Stop Loss above 241

T_Harth Updated 

BEARS to Attack SRTRANSFIN! A Head & Shoulder Top Pattern is visible + EW count says 1 of (C) done as the 'v waves' marked 2 of (C) done as rise from 23rd August Low is overlapping Now 3 of (C) down should start CMP= 1324 TARGETS: T1= 1260 T2= 1235 STOP LOSS > 1400

T_Harth Updated 

Bajaj Finance has done a clear 5 wave Impulse and then retraced within 38.2% of the up move. So wave 2 down is complete and wave 3 up is about to kick off taking the Stock to New All Time Highs ! MACD remains in Buy Mode RSI is well placed for Long Price is above 20 Day SMA Only Bullish!

T_Harth Updated 

Hindalco is Ready for its Next Up Leg supported by Rising Volumes and also could give more Fireworks on the back of Positive Earnings. A stock that is at an All Time High is in Blue Sky Zone and can keep going UP! Long Hindalco Positional: - for Target of 480 possibly in May Series itself - with Stop Loss below 385 Copper and Aluminium Prices are also at Record...

T_Harth Updated 

DO NOT EVEN THINK ABOUT SHORTING looking at this Super Bullish Structure: We have a Failed H & S Top Pattern + Falling Wedge Breakout + Inverted H & S breakout + 123 Reversal Pattern Breakout - This Stock can head back to 1405 or even make new ATHs ! - The path is following an Ascending Channel, and looks like an easy one way trip to 1300 - 1320 - Gold prices...

T_Harth Updated 

Technical Breakout today on the Charts + News Driven Trigger of the Sputnik V Vaccine today. What else is needed in the Setup? - 5200 might as well be achieved this week i.e. November expiry, quite a high chance In addition to Nifty Pharma index is also in Bullish mode, Expecting Dr. Reddy's to see New ATHs soon too!

T_Harth Updated 

Reasons to go Short on Nifty: - Rising Channel/ Rising Wedge/ Ending Diagonal Pattern (call it whatever) has formed on Nifty 4Hr Chart - Triple RSI Bearish Divergence + MACD Divergence - Today we saw a Steep Sell off (Wide Range Bear Candles) - Market breadth has shifted in favour of declines to 1:2; it was at 6:1 during the opening today - On Nifty's Daily...

T_Harth Updated 

If you check my Last Post on SBI Cards, I was Kind of Too Early to Call the Tops as the Wave count got Extended. But even keeping aside Elliot Wave since its forecasting in nature and not that Accurate since Counts keep changing and there are always Alternate Count views. So even going by Traditional Price Volume Action which is a LOT MORE Reliable than Elliot...

T_Harth Updated 

See the Link to my related idea, this is an Update for the same CMP: 489.7 Stop Loss: Daily Close below 464 Target: (620 - 650 zone) so we take 630 Risk to Reward: approx 1:5

T_Harth Updated 

CDSL Chart is Fabulous and Bullish - Buy Triggered yesterday as per Weekly Candle - Solid Price Volume Action can be seen in the Approx 3 month Consolidation base - Daily Chart shows a Bollinger Band Squeeze, with Daily RSI 60+, ADX 25+, MACD in Buy Mode - Weekly Chart is just So Strong as you can Clearly see wonderfully respecting Ichimoku - Target Minimum...

T_Harth Updated 

Can you see the Chart is speaking very clear?! - 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance - On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now - Also notice how Price cannot sustain above Anchored VWAP from the Tops - Price is...

T_Harth Updated 

Price is currently resting at a Strong Support Zone, which is a confluence of: 1) Anchored VWAP Support from the May Bottom 2) Trendline Support from the May Bottom (3 valid touch points of Trend Line already done) 3) Price at Lower Range of the Box We also witnessed a False Breakdown few days back, hence if it had to fall it would have already. So better to play...

T_Harth Updated 

Self explanatory chart

T_Harth Updated 

Reversal Signs after Sharp Downfall Now Bullish RSI Divergence, at Strong Support, small Inverted H&S breakout with Volume - Can do minimum 88 for Target - Above 88, open for 92, then 100 Buy at CMP

T_Harth Updated 

Ever since the Rally off the March lows, Bata as a stock has been struggling and massively underperforming Nifty. Clearly something is wrong here that means, possibly a Long Term Top in place and a BIG TREND CHANGE..... as its looking Quite Bearish on the Weekly & Monthly Charts too. Now coming to my Short Term Bearish view as per Daily Charts: - You can see a...

T_Harth Updated 

Evident Chart, super Bearish Downside Risk Open to 345 - 330. Sell on Every Rise, 380 was breakdown level

T_Harth Updated 

Chart Data as of 25th Sept, 2020 A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed I have a Minimum Target of ~ 725 for this Decline. Key Levels to Note: T1= 725 700 psychological level T2= 685 T3=...

T_Harth

LONG TERM TOP IN PLACE, CLassical Rising Wedge or Ending Diagonal whatever you want to call it Price below Declining 200 Day MA, also below Anchored VWAP from Feb Top What More is Needed? I simply Warn you to Not Go Long Bata, Exit if you are already. Potential Disaster Lies ahead for Bata stock