VikramGopalAimanda

VikramGopalAimanda

There has been price squeeze in GDX for quite sometime. It appears that either this price squeeze is complete or getting close to completion. Trading idea - Buy GDX at cmp (21.80), stop loss 18.68, target 27.42

VikramGopalAimanda

It appears triangle is forming in wave 4. which is about to complete. Based on it, we can have some trade plan Buy DCTH at 0.1273, stop loss 0.1183, target 0.2571 and above, check red lines for 3 upside targets

VikramGopalAimanda

The price action looks corrective with lot of overlapping Use lower end of the channel to buy, This stock will break out on the upside ///25.20 ...above sure to come

VikramGopalAimanda

Short sell AMD at 14.10, stop loss 14.48, target 13 38 pips risk 110 pips return

VikramGopalAimanda

Nifty has been doing higher top , higher bottom since Dec'16, we are currently in 7th month. Historically the max nifty has rallied without a correction is for 7-8 months. Hence traders and investors should be cautious from here on. A trap here could easily wipe off 50% capital in just one fall. Over leverage position, chasing running up stocks should be...

VikramGopalAimanda Updated 

BTST axis bank , stop loss 503.35, entry 508, target 518

VikramGopalAimanda Updated 

Though the corrective wave can in interpreted in many ways For now we can expect atleast a move to 560, traders can buy with a stop loss of 490

VikramGopalAimanda

Wave c = wave a Even when nifty is rallying up, this is struggling to cross 625. The rise was a slow grinding upmove, characteristics of a corrective wave. next should be a down move. Has potential to go below 438 again sell relinfa @615, stop 630, target 475

VikramGopalAimanda

Apollo taking support at tendline , also decline is clear 3 wave next if previous days high takes out , it becomes a buy ie above 1249. Buy above 1250, stop loss 1230, target 1360

VikramGopalAimanda Updated 

Short term uptrend continues , still no signs of topping formation. Immediate support is at 9670 -55, today's intraday rise was a sort of grinding up move, hence good chances we get a dip to 9670 tomorrow. traders can use this dip to buy for 80-100 pt rise only. Remember we are in 9th day of the up move from 9448. Rise could last for couple of days and then a...

VikramGopalAimanda Updated 

Guys, majority of wave traders would not go with this count. But this one wave count surely should not be neglected. we are forming a nested 1-2,1-2, 1-2 count after leading diagonal. Next should be 3 of 3 of 3 ....dream move for any trader. for this count to remain valid , stock should not fall below 543. next rise should be massive ...vertical climb. Lets see...

VikramGopalAimanda Updated 

Short term trend remains up. NO sign of topping yet. When you observe the trend from december 16, we can see that nifty rallies up for 7 to 10 days and then moves sideways for 5 to 8 days. Current rally from 9448 has done 8 days now. So we are getting close to top at least for short term. Once confirmed we must get a grinding sideways pattern for 5 to 8...

VikramGopalAimanda Updated 

If 1080 holds, then likely to move above 1176

VikramGopalAimanda Updated 

It appears like petronet is going through complex corrective pattern. if true, then next move should be up, target 225.

VikramGopalAimanda Updated 

ONGC primary trend has been down, its very clear from chart. Intrestingly we have now a rise from few days. today it hit the upper trendline resistance, also we can see a clearly label abc rise , now if we dont cross the trendline then expect a low below 155. Sell ongc at 162-163, stop loss 165, target 150

VikramGopalAimanda

Short term trend remains up, Now we need to go below 9640 with a faster time to confirm a reversal. Till that happens we have to assume that markets are in uptrend. Hourly RSI has hit overbought zone, traders must be careful buying highs. Meaningfull support lies at 9700 , 9640 zone.

VikramGopalAimanda

Yesterday we noted that " we expect a short term top, for confirmation we need to break 9613 with a faster retracement". We have failed to get a confirmation. Hence The view remains - that the short term trend remains up. And we continue to track the current rise form 9448 as B wave of flat. Infact after today's market activity, we are anticipating it as an...

VikramGopalAimanda Updated 

Lupin has been correcting from last 2 years. Price wise it has corrected more than 50%. The decline looks like a complex corrective wave pattern (WXY). 61.8% retracement level is at 1026. Also we can spot divergence in RSI in weekly+ daily charts. Expecting Lupin to bottom out around current levels. Investors can look to accumulate at these levels, It should give...