UnknownUnicorn4260559

UnknownUnicorn4260559 Updated 

Maruti has been continuously trading in range of 6300-7200. Today also counter took support at at 6360 and then bounced back to close above 5 day EMA. RSI also bounced from 30. CCI is still in oversold zone but cross over signal has not taken place. Volume was decent with bullish engulfing candle. Buy in dip at 6565 with stop loss below 6400 for target 6870.

UnknownUnicorn4260559 Updated 

Buy Bajaj Auto at 2900 SL 2850 tgt 2990. Inverted H&S has been formed and broken on hourly chart. Counter is trading in consolidation phase of 2800-3100. CCI has crossed above -100 line on daily chart.

UnknownUnicorn4260559

All those who think that this rally can't be sustained because of stronger dollar must think again. All fundamentals are against the world economic growth. Crudeoil shock is the only thing that can put check on stagnating global economy. Trade war is silently eating into world trade and economic growth. IRAN & US are making headline every alternate day or week....

UnknownUnicorn4260559 Updated 

Jain Irrgation is trading in a descending parallel channel. You can see 3 support on channel from where it has earlier bounced. It has also formed head & shoulder on weekly chart. Percentage target of the pattern is 83% down from 46 level which comes at Rs 7. Lower support line of channel is also at Rs.7 If you go back to period of 2003-2006 then you will find...

UnknownUnicorn4260559

Nifty has reversed 3 time in last few days from near 11600 level. It had created a gap on election day at 11595 which is now acting as a major support. It is also trading within parallel channel. If it close above 11880 then we can say that reversal has taken place. On lower level 11780-11800 and 11730 is a major support zone. CCT has signaled buy on daily chart....

UnknownUnicorn4260559 Updated 

Kotak Bank has been forming a curvy trading range near life time high. RSI is continuously drifting downward. Once it broke resistance line but same was not confirmed on the curvy resistance line. Counter requires close above 1510 to come out of the range zone . It is trading below both 10 & 20 DEMA. Volume has almost dried up in the whole curvier trading zone...

UnknownUnicorn4260559 Updated 

BUY ABV 69.50 SL 68.70 TGT 70.50 & 71

UnknownUnicorn4260559 Updated 

BEML is trading near 200 DEMA support of 898 and 150 DEMA support of 890. Also the 50% retracement of entire move from 783 to 1019 comes at 900. Black dotted line shows one such swing low of 888 from where counter again started moving upward. Triangular breakout gap can be seen at 865 which should hold along with 873 (61.8% retracement) to ensure validity of the...

UnknownUnicorn4260559 Updated 

Reliance Capital had given breakout from the consolidation pattern of 55-23 formed over a period of more than 2 years (March-01 to June 03) in early 2000. Volume was good on breakout and after breakout and then it never touched 55 level is in it's life time which means it was an important level for bulls and bears. Resistance becomes support whenever market falls...

UnknownUnicorn4260559 Updated 

Nifty is still trading in 11595-12100 range. It has taken support at 50 DEMA and the bounced. 5 DEMA has crossed 10 & 20 DEMA to the lower. 11720 is resistance on hourly chart. Parallel channel support is at 11595 (also gap support). Strategy 1 : Buy above 11722 sl 11690 TGT 11770 (hourly RSI and CCI supporting minor upmove) Strategy 2 : Sell at 11770 SL 11830...

UnknownUnicorn4260559 Updated 

Crudeoil is trading at support of pitchfork line. Also CCI has shown positive divergence with cross over about last peak + above -100 line.It can run upward towards the pitchfork resistance line provided $ 50 is held on closing basis. Also, it is trading near the 61.8% retracement of entire rally. We can also see that how negative divergence on top ,supported by...

UnknownUnicorn4260559

Just for education purpose

UnknownUnicorn4260559 Updated 

SBI looks wak on daily chart . CCI has crossed from above 100 to below 0, signalling short term down trend to continue. It is standing at 20 Days EMA. Swing high and low in last 3 instances saw spike in volume and then change in trend. Same has happened at swing high of 364. Triangle in viewed as continuation of previous trend (in this case up trend). But...

UnknownUnicorn4260559 Updated 

Reliance looks sell after breaking major support zone of 1305-1320. Volumes are good. Sell on rise at 1300 SL 1312 TGT 1265. Indicators are all looking down

UnknownUnicorn4260559

Trendline support has now become resistance. White metal is trading at 78.6% support level which is $13.75. $ 17 would act as major supply zone which needs to be broken decisively on closing basis for change in the overall bearish to sideways trend.

UnknownUnicorn4260559

mentioned on chart

UnknownUnicorn4260559 Updated 

30 minutes chart is showing CCI reversal above -100 and sustaining it. Risk lovers can attempt to buy at cmp 116.5 SL 112. Parallel channel could be formed if counter take support at previous low of 112. However, it will be only very short term buy

UnknownUnicorn4260559

We will still wait to buy Yes bank as counter is still away from long term trend line. 80-86 zone is the zone to watch out. 100 would provide psychological support. CCI hasn't given buy on Daily chart, if it is cyclical in nature.