The MCX has corrected by 45% from 14/10/21 - 24/02/22. On daily time frame we can project the Elliot wave impulse pattern and we can see that in coming days this is the next projected move with best returns.
Markets has formed a death cross sign on the weekly chart indicating a major breakdown ahead in coming days. Previously you can also witness the similar pattern and the similar action. Since there so many gap ups and gap downs in the market recently.
Markets looking for a support around 16900 and resistance around the 17450. For coming week this would be the most...
The dollar index is rising continuously amid indicating tough calls for Indian economy and rising Inflation fears with Crude oil impacting the notional budget of the country. Check on the levels earmarked.
The Gold is making a W pattern on the weekly charts of Heikin Ashi candlestick pattern and will complete the move till $1915 without any major hindrance in the journey. This will bring more sell off in the stock markets and outflows from the FPI n FII. So stay conscious and better not to be sorry on heavy positions.
Reliance is the best pick from hereon and I would suggest to buy at cmp for a target of ₹2600 with a add on benefit to add the stock till 2371 if anyone wants to hold it for long term.
In my chart it's clearly seen that in last weeks the stock is making the support around ₹2460. There is a previous resistance and current support at the current level. Also if...
My view on Nifty is very clear that the TOP is not there and the strength is yet endured for the long term. Minor corrections will be phased out occasionally in a single day's move. This is extension of the 5th wave which actually got ended on 15th Feb 2021 but after minor correction during the March month the wave shows the strength and continues till now n will...
PNB has turned down all the odds and after 8 months consolidation the stock has shown a big breakout on the charts and its no more a RED symbol and now it turned into a GREEN. I m personally invested in this and the stock is always facing a resistance at 43 mark which is broken today decisively. I m bullish on PSU banks and they will be next untold story.
Now the best part of this current rally is that PSU banks are contributing with their best results and price action. As u can witness after so long the Canara bank is showing a high on rally with continuous green closing weeks showing buying at every lower levels. From here on if I see within next 3-6 months time line the stocks looks good to get double. RS Nifty...
HAL on daily chart making a rounding bottom pattern breakout and looking to extend the move and supported by the volume and MACD line is crossing from below the signal line. Secondly the Bollinger Bands are getting wider.
I m observing in various banking stocks that this is the time to accumulate some good banking stocks and create your own basket and enjoy the upmove that's going to come in near time. For any more info msg me. Please if I'm wrong on any part of mine do correct me critics are happily welcomed.
ITC will now take the charge from here on to take the nifty to new higher levels and I’m betting on this is biggest joker of all time from here on too. This is also triangular breakout and RS Nifty is also giving an impulse upmove and the MACD is also supporting along with the volumes. Ab our kya loge ITC ko jo jaise chase Karna chahe Karlo.
Happiest minds has been consolidating from the 16 July till now making a death cross on the bottom indicating a bright strong up move from here.
If u can see there were many instances to break the 1354 level on the lower side but the stock resisted there and after taking support from there it is ready to make an up move. This is supported by the RS Nifty where the...
There is rounding bottom formation on the weekly charts and we can clearly witness the sharp uprise in the volatility leading markets into the riskier situation abide to stocks only not to the indexes anymore.
Tomorrow if Bank nifty closes below 36400 then we can witness the fresh weakness in all across the sector and the correction period will be initiated. Then next major support would be near 35700. This correction surely be one of its big indication. So Mandi Depends on tomorrows Bandi.