akshay1808

akshay1808 Updated 

NSE:NIFTY can downslide before the union budget. Renko charts are saying so. After a huge upside its now time to encash Nifty with short position.

akshay1808 Updated 

NSE:NIFTY may open gap down tomorrow, but its time to remain long as per Renko Chart. We may witness a big rally upto 12200 before October end.

akshay1808

NSE:NIFTY should be bullish in this week. One can go for a long position with a target of 80, 150 & 190 points in 8-10 trading days.

akshay1808 Updated 

NSE:NIFTY may fall now for 4-5 days. Aim for 9900, 9830.

akshay1808 Updated 

One can long NSE:NIFTY before rate cut announcement aiming 11100.

akshay1808

Bullish engulfing in NSE:LICHSGFIN . Definately a buy tomorrow!

akshay1808 Updated 

Pre & Post Budget movements are most rewarding if captured correctly. Since the last two budgets, we are seeing a sharp fall post budget. This time it seems, this may not repeat. Renko charts says so! The market may either continue its upward journey or may trade in a narrow range. So I will either suggest going long on NSE:NIFTY or just SELL PUT options of...

akshay1808

Renko is often used prior to some big events especially election outcome. Renko bars + Supertrend + RSI is telling to take a short position on NSE:NIFTY . Will NDA may fall short of the majority? Renko reveals something!

akshay1808 Updated 

NSE:NIFTY should be in bullish mode next week. Best time to enter is today! Renko daily and RSI based on Renko charts suggesting an upmove atleast for two trading days.

akshay1808 Updated 

Tentative Bearish divergence of Stochastic indicator giving a hint of selling the N . Aim for 10750.

akshay1808 Updated 

Short term (4-5 days) trend in NSE:NIFTY is down again as per Renko charts. Any recovery should be treated as mirage!

akshay1808 Updated 

Tomorrow NSE:BANKNIFTY may open with a gap down or flat. This will the best opportunity to enter a long position for 4-5 days. RSI has entered the oversold entry which can slow down or even stop the falling NSE:BANKNIFTY

akshay1808 Updated 

NSE:NIFTY can fall for next two days (till F & O expiry) . Best bet for shorting is above 11750 (if its a gap up opening) when it will surely reach an overbought region. This call is based on tentative Renko Supertrend sell signal (Not yet appeared, but a good chance of appearing tomorrow) as well as a tentative 'Overbought RSI' signal (Again not yet appeared,...

akshay1808 Updated 

Breaking of lower band in Keltner Channel as well Fast RSI crossing Slow RSI is an indication of bearish phase in NSE:BANKNIFTY . One can go for short position (2-5 days) with a target of 27600 in NSE:BANKNIFTY . Cheers!

akshay1808 Updated 

It seems profit booking may drag NIFTY B to 27500 in 3-4 sessions. Three indicators are confirming these: 1. Renko Daily chart (Brick size = 38) 2. RSI (14) hitting the upper threshold. 3. Aroon Down (Red) crossing Aroon Up (Green). Once can take a position to gain 600-650 bank nifty points.

akshay1808 Updated 

Daily Renko Charts (Brick size: 1.97) & Supertrend Combination are giving a buying position for NSE:ARVIND for next week. One can enter a bullish position in Future/Options for August Expiry. As its a Renko charts, I will not give any stop loss or Target profit. However, I will update about the SELL signal to exit from such position.

akshay1808 Updated 

NSE:BIOCON has touched the retracement level of 38.2%. Will it now fall down & now cross its earlier low of 575 next week?

akshay1808 Updated 

Next bullish wave is forming for NSE:BANKNIFTY on Renko charts. Supertrend & Aroon crossover indicates a perfect time to enter in position on Monday. Although, Renko-Supertrend will give exit signal on their own. But, extrapolation of previous Renko Chart resistance indicates a rally till 27250 level which should be a good exit level.