anshuman_05

anshuman_05

Massive consolidation pattern in ratnamani on daily time frame. We could get a massive rally coming in this one. Will be an excellent buy on the pull back.

anshuman_05

Hathway has broken above the 200 DMA and the bear channel. A flag formation is being formed. The stock looks set for a breakout from the consolidation pattern to higher price levels.

anshuman_05

HINDALCO has broken the channel and ia trading well below it. 200 dma is placed at 130 levels, and we can easily expect the stock to test it

anshuman_05

We can see the bearish pattern as indicated on the charts. Any close below 7950 especially on the weekly charts will set nifty up for a massive slide towards 7200 levels. GDP forecasts have been cut and the Global Markets look overheated. If the global indices correct we could massively underperform. Watch out for the portfolio in these times. Lot of trasders can...

anshuman_05

The stock has broken above the 200 dma and the bear channel by forming a pretty bullish candle. It could be worth entering the stock in small amounts and then perhaps add a little more on the pull back. The stop can be below the 200 dma on closing basis

anshuman_05

A very bullish patterb being formed. The stock has rallied hard today and the right shoulder looks like is getting completed. Interesting next few days ahead in the stock.

anshuman_05

I have marked the waves in the chart and here I will explain them a little more in detail. Wave 2 is a deep correction of wave 1 and retraces 76.4% of the wave 1. Wave 3 is a 161.8% extension of the wave 1 and is composed of five inner waves, though I have not marked them on the chart to avoid too much confusion. Wave 4 is a 38.2% correction of wave 2. Again...

anshuman_05

There is a good chance that JSWSTEEL could see a sharp correction in the coming two trading sessions. We have probably finished the impulse that started around 800 and carried the price all the way to 1800. The other metal stocks also seem to suggest that they are over-heated. Moreover with the GDP data coming in lower than the previous quarter we could see a...