VikramGopalAimanda

VikramGopalAimanda

A top is in place , we can spot an immediate resistance area and a support area. we dont have required pattern to say how the moves are going to play out. Wait till wave pattern evolves. Today's move below 9540 would have kicked stop loss of all bulls. For now we are in no trade zone as per daily charts. Trading requires proper justification of entry, stop...

VikramGopalAimanda

Refer charts, we have drawn a channel. Lower channel line will be the decider, Break below is bearish, holding will be bullish. Complex corrective waves are bound to show price action within parallel channel. Now if the action from 6th june is corrective then it must trade within the channel. Lower end of this channel is at 9550. Suppose this holds, then we can...

VikramGopalAimanda

Tracking nifty with 2 wave counts a) Black font - as per this count, we have made a irregular flat last 3 days, today's fall was wave c of flat. Accordingly we are close to a bottom , and uptrend should resume tomorrow. b) Red font - as per this count, we might be in complex wave. Wave Y has started today and might target 9550 on down side and then resume...

VikramGopalAimanda

Last 2 days , have been mentioning on the likely support area for nifty incase of down move, today's low was exact at channel trend line and 5 day low ema. I am expecting this level to hold and uptrend to resume, lets see

VikramGopalAimanda

This script caught my eye, when i saw promoters buying in it. Technically ...we can see that the last decline was fully retraced (from 118 to 155) And currently undergoing sideways trading squeeze (from 155 to 144). This squeeze should end soon and head higher. investors can have a look at this counter as a multibagger.

VikramGopalAimanda

The down ward corrective move which lasted 9 trading session has finally ended. we have a firm close above 5 day high ema and also closed above the channel (refer charts). Going forward ...the upper trend line of channel should be the first support (9630-20 levels) earlier resistance should act as support now. If today's rise is a motive wave, then nifty should...

VikramGopalAimanda Updated 

Nifty has been seeing a corrective decline, within the parallel channel from last 10 trading session, we can observe currently it has hit and crossed upper end of channel slightly. but the decline from lows has been 3 wave. Also we are not getting follow through buying ...which normally happens when we make channel break out. Hence i feel, nifty would still remain...