Umang_Sharma

Umang_Sharma Updated 

The present analysis is derived from 2008 and 2011 fall and historical retracement. . 12101: The last level until nifty can rise without correction based on previous fall analysis. . 10400: If correction happens this month then nifty might test 10400 levels which is a healthy retracement of 0.618 levels of fibo. . Retracement is imminent for a healthy economy....

Umang_Sharma Updated 

Keep an eye on century textile it has been trading into this zone since April now. Expecting it to leave this zone soon in near future. . Reason to buy: 1) Taking support on major support line 2) Taking support from the below trend line. 3) Negative market sentiment did not push this further down below. . According to market sentiment it can touch lower most...

Umang_Sharma Updated 

Today will be a crucial day for Adani enterprise. . Reason to buy : 1) Formation of a parallel channel. 2) Holding higher levels. 3) Previous buying pressure can continue. . Calculate your RR ratio and then trade. The best buying level is above 314.85. Can retrace in future and then continue.

Umang_Sharma Updated 

Keep an eye on ADANIPORTS it has been in the range since June. Expecting a breakout soon in upcoming days. Do take a note of a volume analysis as well. . Reason to Buy: 1) In a Range for a very long time. 2) Holding higher levels in Daily, Weekly as well as in hourly charts. 3) trading above 200 EMA line so stock is in Uptrend. . Calculate your RR Ratio and then...

Umang_Sharma Updated 

Keep an eye on BHARTIARTL forming an official book like triangular pattern this might breakout soon in upcoming days. . Calculate your RR Ratio and then trade. Stoploss should be below the previous immediate swing.

Umang_Sharma Updated 

Keep an eye on Hindalco it has possibly broken out from the range. Trading in this range since august. Best entry level should be above 180.00 level and SL must be below previous immediate swing. Calculate your own RR ratio and then trade.

Umang_Sharma Updated 

HCL Tech is holding higher levels (forming flag patterns) of the possible parallel channel. Expecting a breakout in near future. As of now, market sentiment is downward to sideways trade after HCL crosses any of the given levels. . Expected buying or selling levels will be : 1) Buying pressure can be seen above 850.00 Levels. 2) Steep selling pressure can be seen...

Umang_Sharma Updated 

Keep an eye on TVS Motor it was in parallel range since start of September. Expecting a breakout after a possible retracement. Buying level will be above 471.00. . Reason to buy: 1) Moving up with good volume since 3 days. If this momentum continues their will be a breakout soon. Bollinger bands showing good volume as well. 2) Above 200 MA line shows uptrend. 3)...

Umang_Sharma Updated 

Keep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend). . Reason to buy: 1) Triangle breakout. 2) Taking support on previous breakout levels. . Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels. . Calculate your RR ratio and take the trade.

Umang_Sharma Updated 

Keep an eye on M&M it has given a suspected breakout from parallel channel and retracing back to original level. If this isn't a breakout hen their is a chance of upward momentum in upcoming days. . Reason to Buy: 1) Possible breakout from parallel channel formed in daily time frame. 2) Holding higher levels. . Safest entry point would be at 659.90 levels or...

Umang_Sharma Updated 

Dmart broke out from H&S pattern + is was forming a triangular pattern.

Umang_Sharma Updated 

Keep an eye on Hindustan Petrol. Expected momentum is in upward direction. . Reason to Buy: 1) Forming a triangle pattern 2) Taking support on weekly as well as daily trend line. 3) Formation of 'W-Pattern' (wait for neck line break) . Stop-loss must be below the previous immediate swing. RR ratio must be calculated and traded accordingly.

Umang_Sharma Updated 

Keep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout. . Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.

Umang_Sharma Updated 

Yesterday cipla broke out from its range today it retested and started moving as expected. . Reason to Buy : 1) Broke out from triangle pattern with good volume. 2) Good price action in one hour time frame(Triangle breakout as well). . Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.

Umang_Sharma Updated 

Reliance has broken a rectangular pattern in daily time frame and it is at all time high levels and in upward momentum. . Reason to Buy after Retracement: 1) Pattern breakout 2) Good volume at breakout Indicator supported this breakout: 1) Bollinger bands 2) Moving Avg. . Planning on Buying at retracement. Stop loss will be below immediate support level. . Hault...

Umang_Sharma Updated 

Axis bank broke out of a trend line which it has been holding since May and taken a retracement. Possibility of down trend. . Reason to short: 1) Major Breakout in daily time frame as well. 2) Multiple Retracement ends up in downwards momentum (M-Pattern Formation: Showing down trend as well). . RR ratio should be calculated and trade should be taken accordingly.

Umang_Sharma Updated 

Indus bank is on the verge of breakout keep an eye on it. Formation of triangular pattern and good volume contraction in Bollinger Band indicator. . If bank nifty falls their is a high chances that the breakout will be in the downward direction else sky is the limit. . Calculate your RR ratio and trade accordingly.

Umang_Sharma Updated 

Sellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up. . Reason to buy: 1) Trend Line breakout 2) Buying pressure from bottom . Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00. . RR ratio should be calculated and accordingly trade should be taken.