Umang_Sharma

Umang_Sharma Updated 

Maruti is trading around a very crucial level of 7700. This level is held as a resistance since december last year. Possibility of the breaking out of is good after an accumulation period because of the following reasons:- 1) Bounce from Max Volume Zone. 2) EMA's showing long term side ways market (aka consolidation in wide range). 3) Closing above PP weekly and...

Umang_Sharma Updated 

NSE:M_M is trading around 850 revels which is shy above Fib's Golden retracement level. The possibility of Upmove is good as well as consolidating for a few more days, buyer's accumulation will lead to upward momentum. Market might move up till the demand zone is attained. Another possibility is Breaking down to supply zone. Chances of happening so is thin but...

Umang_Sharma Updated 

NSE:SRTRANSFIN has been consolidating in a wide range since starting of February with good volume support at lower levels. The possibility of breaking out is good as it is testing previous highs multiple times and holding levels near its previous highs. In addition to all this, it is having Volume support exactly at golden fib retracement levels and previous BOS...

Umang_Sharma Updated 

Tata motors has given 90 degree breakout after consolidation for several months. Possibility of breakdown is good. Note:- This analysis is done on weekly time frame hence traded accordingly. Creation of possible supply zone at higher level depicts the upcoming fall. If this zone is a supply zone then market coming down and retesting 400 levels is a...

Umang_Sharma Updated 

NSE:HINDUNILVR has been falling for almost a week now and has touched its demand zone. The possibility of moving up is good. Majorly there are two possibilities form here: 1) Accumulation of buyers at these levels as we have seen previously that sellers are defending highs that are made recently. that means a consolidation at this phase. 2) Moving up as it...

Umang_Sharma Updated 

As per the price Pattern and fib levels market seems to be bullish. As per entry levels Ultratech is at support levels and shown a green candle today. Their are two possibilities: 1) It will break the trend line and start moving up OR 2) It will consolidate near blue zone shown in the graph. As per present market nifty seems to be very bullish hence possibility...

Umang_Sharma Updated 

Hindustan Unilever is at crucial level of accumulation. Breaking to either side can give good target's. Over shooting box levels is a prominant posibility. These levels have multiple support: 1) Heavy volume support since 20th of sep. 2) lower price rejection. 3)Holding Weekly PP levels. 4) Bull run of Nifty. Safe entry would be above 2725. which can give...

Umang_Sharma Updated 

This is how the market traps retail traders. Most professional traders are looking for this kind of trap to get into a trade, again experience is a prominent requirement to spot this and save yourself from the same. Any sudden momentum looks way juicy and lurking to retail trades as it is profitable in real as well but most of them ended up losing money. Keep...

Umang_Sharma

HDFC Bank has broken out from the consideration range which it has been stuck into since November 2020. Yesterday there was a huge breakout at the start of the second session wich pushed bank nifty to its high as well if this momentum continues (which my expectation for the upcoming few days) we can see bank nifty at an all-time high as well if not it can retest...

Umang_Sharma

Maruti has been retracing from its harmonic levels of 1.13 if sustained above these levels there might be an up move again. . The best and safest level to buy is above 8200.00. SL must be below the previous immediate swing that is below 7240.0 levels. . Calculate your RR ratio and trade. PS: I am expecting a halt at these levles.

Umang_Sharma Updated 

The stock has given breakout from its monthly as well as weekly support levels. A possible retracement is underway, if this support level was held firm by this stock then there will be continuity in the uptrend. . The safest entry levels are above 5400.00 Levels and SL must be below the immediate swing low. . Wating current market sentiment Risky Trades can enter...

Umang_Sharma

I am learning this new harmonic pattern and found it working perfectly for nifty analysis. . There are several PRZ zones that nifty have shown minor correction. Levels are: 1) 0.886 - 11830.00 2) 1.132 - 12900.00 3) 1.272 - 13600.00 Now according to my analysis, it has stretched to higher levels. Slowly the pace of nifty is also falling indicating a pattern for a...

Umang_Sharma Updated 

Strong possibility of the strong up move, GODREJCP has formed an inverted H&S pattern and trading above 200 EMA line. . After showing a strong rejection from upper levels there might be a possibility of buyers accumulation for 2-3 days given that positive momentum in nifty sustains and soon there will be a breakout soon.

Umang_Sharma Updated 

LICHSGFIN is continuously facing support and resistance at lower as well as on higher levels. As market sentiment is positive it is if this breaks out it is going to touch a higher high soon. It seems from the chart that it is holding its higher levels as well. Wait for it to break upwards zone and then go for investing in it. Check for volume as well. . Calculate...

Umang_Sharma Updated 

Keep an eye on TVS motors. TVS MOTOR is expected to move upwards as market sentiment is positive as well as it has taken support on the daily timeframe support levels. If this support level breaks with good volume I will prefer too short. At this point in time, it has made a bullish engulfing candle at the end of the support levels there is a possibility that it...

Umang_Sharma Updated 

Reliance industries have just taken support on the daily as well as on hourly support levels forming a head and shoulder pattern in the bottom, this might be the beginning of an uptrend in daily as well as on hourly time frame in addition to that their is a beginning of positive sentiment in the market. . No trade is an assured trade calculate your RR ratio and...

Umang_Sharma Updated 

DRREDDY is forming a triangular pattern in daily time frame keep aa eye on this stock as this stock can give breakout in the near future. BB is showing a shrinking in volume which denotes consolidation that will lead to breakout soon. . Apart from that in the hourly time frame, it is about to hit its support levels that, if it takes support on these levels it...

Umang_Sharma Updated 

Keep an eye on SUNPHARMA it is on the verge of its breakout from a triangular pattern. There is a concert resistance at 526.90 levels. SUNPHARMA has retested these levels multiple times now and there is a good possibility that it is going to break these levels this time. . Reason to Buy: 1) Multiple retesting or concrete resistance levels. 2) Trading over 200 EMA...