Trader-AJ

Trader-AJ Pro+

A simple trend line & Dow theory analysis suggests, as long as Nifty remains above 10200, short-term uptrend remains intact! Upside resistances are at 10990 followed by 11200!

Trader-AJ Pro+

SENSEX is soon approaching key resistance zone near 35700 - 35900 zone. It will be important to watch price movement near the same.

Trader-AJ Pro+

Reliance industries made an all time high yesterday and is catching attention of everyone. As seen on the chart, resistance of rising trend lines , bearish divergence in RSI (so far) & declining volume for the past few weeks suggests upside is limited. Move towards 1700 levels is likely, however, investors should wait for a dip for investment!

Trader-AJ Pro+

Reliance industries made an all time high yesterday and is catching attention of everyone. As seen on the chart, resistance of rising trend lines , bearish divergence in RSI (so far) & declining volume for the past few weeks suggests upside is limited. Move towards 1700 levels is likely, however, investors should wait for a dip for investment!

Trader-AJ Pro+

Cholamandalam has formed an inverted HNS pattern & breakout of the same is above 165 level. Breach and sustenance above 165 can take it to 205-208 levels.

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As long as upward sloping channel & 61.8% is intact, trend remains bullish. Key level to watch on lower side is 9550 / 9385!

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Bajaj Finserv completed 5 wave downmove from 9950 to 3985. Momentum indicator RSI shows strong positive divergence. Price has reversed sharply indicating start of a bounce back. A move back to its 38.2% retracement is likely.

Trader-AJ Pro+

Nifty closed week on a strong note. 8800-9000 remains strong base. As long as index stays above that, uptrend is likely to continue!

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Havells breached ending diagonal and looks perfect buying opportunity for 570

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Eicher consolidated a lot near 12700 - 14700. Strong breakout!

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Absolutely stable, can head towards 107 mark post triangular consolidation breakout.

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Uptrend continues as long as 563 is held! Upside move towards 615 likely

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Two counts Yellow one suggests we are in a bigger flat correction in the form of wave 4. In this case, first, a fall towards 32300 can be expected, before another upmove begins Green count suggests, wave 4 completd near 33300 and we are in 5th wave upwards of the current impulse Target in this case will be 40300 followed by 41000 (downside limited till 36500)

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#Coalindia looks bullish for short-term targeting Rs.255 / 266. #elliottwave Key support is at Rs.225. #Nifty #bullish #stockstowatch #stocks

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It has completed symmetrical triangle price pattern near Rs.463 level. Breakout has alreay occured, current correction provides buying opportunity!

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- Head and shoulder breakout - Good volume activity on a recent rise in price - channel resistance and retracement target comes around 63.00 and 66.00

Trader-AJ Pro+ Updated 

As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle. What makes it special is-- there is a good inverted Head and Shoulder price pattern (S-H-S) in last leg. Breakout is above 54 - 58 zone targeting 130+++

Trader-AJ Pro+ Updated 

NIFTY has strong short-term support at 8100 followed by 8020. Looks a good buy set-up at cmp targeting 8235! SL should be maintained below 8100