aktradelearning

aktradelearning Updated 

Auropharma is at long term channel support and is making a falling wedge pattern on weekly timeframe, with RSI showing positive divergence.....

aktradelearning Updated 

Price is at long term support (previous resistance turned into support), making a double bottom on weekly charts with RSI showing +ve divergence and a falling wedge pattern at 61.8% retracement levels from Covid low to ATH. Keep this setup in watchlist, Risk to Reward are in favour of longs here.

aktradelearning Updated 

CUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low. Although, the stock is trading below most of the key moving averages but long term...

aktradelearning

On Oct 23rd, when Banknifty broke down critical support area at that time expected that this correction can possibly lead to a panic sell off towards 41800 zone. Index today made a low of 42100. Possibility is that Index is doing correctly a ABC correction, with marking marked as per on the chart. Markets are currently oversold and possibility of a pullback...

aktradelearning Updated 

BajajAuto a very simple setup giving multiple inside candle breakout on daily tf with a pop out above the open high candle of 27th Feb. Volumes are also on higher side and has closed above all important EMA's by crossing them over in a single day, Looks like it can test recent swing highs very easily if momentum sustains. Keep this setup in radar

aktradelearning Updated 

NF Toofan express....can go fast and furious in coming weeks and months .....

aktradelearning Updated 

BandhanBank setup is looking attractive, first shared around 220 levels for a short term trading target of 240 (tweet attached), which has almost come today. It is forming higher low on daily tf and has given a Double bottom / Higher bottom neckline breakout. Daily tf ema's are also getting sorted out with volumes rising, it has a possibility to hit 258+ levels...

aktradelearning Updated 

Falling wedge breakout in Coal India on monthly time frame - can do 270+ easily in coming months

aktradelearning

This is consolidated index for some of paper theme stocks which are looking bullish and possibility of providing a good momentum on upside in short to medium time frame

aktradelearning Updated 

Berger paint setup is looking a good candidate where I see a potential short covering can come in next few session. If it sustain above the marked resistance levels it can be good intraday pick in coming session. Also, with crude down by 7% today - could be a trigger here ? Keep in watchlist 600CE Chart

aktradelearning Updated 

Let's see what's there in store for Adani Index, yes yes, I know there is no such index but this a composite index - basically a tradingview feature where you can see a composite index / composite price of different stocks all together and see how they are performing. This composite index consist of stocks...

aktradelearning Updated 

Sharing my multi timeframe analysis on Metal index, which I believe is a candidate for coming weeks to show some strength On Monthly tf, it has formed inverted bullish hammer in March which is generally a sign of reversal and also looks like a higher double bottom formation near 38 to 50% fibo support zone of the swing from Covid low to Apr'22 high On Weekly...

aktradelearning Updated 

As previously shared my bullish view on PSUBanks in August last year, they did a dream rally from there on and now after a correction from hitting the supply zones they are back in good demand zone. The index is currently making falling wedge on weekly tf, with a large picture showing a cup & handle where handle is potentially the falling wedge formation, Also a...

aktradelearning Updated 

There is extreme pessimism with respect to Nasdaq and US IT Tech companies and they have corrected heavily from top. It looks like that NDQ is making a double bottom formation on weekly tf at fibo golden ration i.e. 61.8% retracement from Covid low to ATH. There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks...

aktradelearning Updated 

Reliance on Daily time frame broke down important support level and gave a weak closing on 15th March, although there are some more supports placed below but if I look at current price vs volume relationship and whatever my understanding and view is that even though the volumes were on higher side today in comparison to last two day's session, the price couldn't...

aktradelearning Updated 

Cholafin has given a good breakout on closing basis in weekly time frame, where it was consolidating for last few weeks in a range. It looks like has potential to move further up and make new highs

aktradelearning Updated 

As indicated in my other post related to PSUBanks ( idea, which looks to be bullish. BoB in PSU Banks is looking a good setup and here is my overall analysis for this On Monthly timeframe, price has given a falling channel breakout and also given multi year breakout of 2018 high and has retested as well it On weekly time frame, stock has given a...

aktradelearning Updated 

#Banknifty on 4 hour chart seems to be doing a double three combination, as I understand from the EW theories from several sources that Double three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three. It is possibly in last phase of its...