abhishek_sh4

abhishek_sh4

About the company NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ] Chart analysis This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes. As per...

abhishek_sh4

RIL after making a high of Rs 2369, corrected to 1835 levels. Since November 2020, RIL has underperformed NIFTY50. While NIFTY is making all-time high, Ril is consolidating in a range for almost a year. It is remarkable that RIL is in the structure of making higher high & the price is moving northwards making rounding bottoms. Higher low: 1835 Higher low:...

abhishek_sh4

EPL Probably, the accumulation of stock has been done & on Friday stock gave a breakout with volumes. Today it has retraced back to its support level, providing a good entry point. Risk to reward looks favorable

abhishek_sh4

Observations: =>P&F charts has formed ascending triangle on daily chart =>Stock is at multi-year High =>Also wave count suggests the downtrend is over => MACD seems to be bullish

abhishek_sh4

Observation: RSI divergence Probable Bearish Island reversal Rising wedge

abhishek_sh4

Today, TCS gave a breakout after years of consolidation, will the things are looking positive for the IT industry ( As per some Management commentary) I have counted Waves for INFY on the daily chart. I think we are in 5 wave & INFY can rally from here. There is a breakout on the chart, thus you should keep your stop loss tight. Probably this 1070 should be our...

abhishek_sh4

formation of rising wedge pattern: Bearish Also marked ABC Wave. : prob. completion of wave There might be some sideway move for some weeks. Only below 11000, we will see targets for 10000, 11000 might give some support. Fundamental Data to support this rising wedge. GDP Data: Bearish Border Tension: Bearish Pandemic: Bearish

abhishek_sh4

Observations -> Fresh Breakout with good volumes. -> Trading above all major moving averages. (MA based on Fibonacci) -> Stong bull Candles with high volume in the past few sessions. 19 Aug 2020: Delivery 35% SL should be around: 62-64. Note: Take trade only if your Risk to reward is favorable.

abhishek_sh4

Observations: -> Elliott wave (5 Wave count) -> Major Resistance at 1972 turned in good support. -> Used Cyclic Timeline (Probably trend reversal) -> Short term major resistance at 2800 ->Targets based on Fibonacci

abhishek_sh4

BLS International (Micro/small cap) CMP: 96.30 (NSE) -> Promoters Increasing their shareholding -> Strong buyers (Candles) -> High Delivery % in the last two weeks. -> Trading above normal volumes Target 1: 120 Target 2: 140 SL can be based on MA or previous low. Buying rage should be in the range of 87 to 90 Note: Low liquidity stock

abhishek_sh4

Observations: 1.) "+" Shows strength candles. 2.) Higher High + Higher low = Accumulation 3.) CDSL has moved out of the channel & also it is on 61.8% Fibonacci Retracement. There I expect small correction before it continues its rally. 4.) Rs 368 can be tough resistance in the short term, where I again expect some consolation before moving towards are future...

abhishek_sh4

Thermax News: tech.economictimes.indiatimes.com (Please go through the news) TA: Accumulation zone, High Delivery, High Volume Everything explained in chart

abhishek_sh4

=> Targets based on Fibonacci Extension => Strength (Bullish candles) with high volume. => Retracement back on low volumes => Bullish RSI => + price channel

abhishek_sh4

Simple price action combined with 3-day rule by Marty Schwartz.

abhishek_sh4

Everything is explained in the Graph. Short term Targets based on Fibonacci retracements. My opinion: No new positions should be taken in RIL or should be taken with strict stoploss. I think RIL needs to give a healthy correction to continue upside journey.

abhishek_sh4

Targets based on FIBONACCI TREND BASED EXTENSION. SL Can be based as per RR ration or MA. My opinion: Overall I don't have a positive outlook on overall market. Only short term trades should be taken with strict stop loss.

abhishek_sh4

Observation -> RSI Divergence (Red line): 11 MAY to 8 June 2020 -> Price & volume : Price is increasing & volume is decreasing : Bearish -> Fiboonaci extension used to find short term upside movement which can be a point of reversal. Remark RIL has tested 1600 level for the third time, hence there can be a + Breakout. ( Extension levels,...

abhishek_sh4

I think there is accumulation in max financial services.