aquarianup

aquarianup Updated 

Tata Steel looks bearish with present levels near its major support of 1075, and have bounced to 1300 level in the past. But, if this support is breached, may see lower level upto 930-920.

aquarianup Updated 

Tech Mahindra (TECHM) looks bearish with formation of Head & Shoulder Pattern. Target 900.

aquarianup Updated 

Orient Bell has witnessed formation of rounding bottom pattern, with strong momentum. The likely target is 700 in near term.

aquarianup Updated 

Head & Shoulders pattern is formed in Glaxo Smithkline indicating bearish sentiments & correction >> Target 1235

aquarianup

Chambal Fertiliser is nearing its 200EMA and has Inverse Head & Shoulder Pattern formed giving Target of 335-340, provided the stock continues its uptrend.

aquarianup

NIFTY has formed Inverse Head & Shoulder pattern on monthly timeframe. Accordingly, Target seems to be apprx 19940 in near future.

aquarianup

INEOS Styrolution looks bearish. Has corrected from its all time high and is now available at Dec '20 levels. If breaches the trendline, may see more correction upto key support level.

aquarianup Updated 

From long term or short term perspective, this stock has to correct to 130-140 level, to be able to see strong & healthy uptrend to break resistance @200 which hasn't been breached since 2018. Lack of volume and strength to breakout. May witness short rally upto 205 before declining.

aquarianup Updated 

Power Grid Corp looks bearish, expected to retrace upto Fib 38.2% level i.e. between 185-170 level. May even touch 168-165 before resuming uptrend.

aquarianup

Power Finance Corp looks bearish in short term, considering its correcting from its previous ATH levels. Historically, the stock has always corrected upto Fib 78% level from its ATH, so its expected to touch the lower trendline at 90-80 levels, along with Fib level, before resuming uptrend.

aquarianup

HDFC AMC has strongly bearish outlook with no support level working in its favor to arrest the downtrend. Probably, the double top formed had a hammer affect on its pricing. On LTF, 1350 seems like the next possible support. The stock has breached subsequent lower lows in past few weeks. At current pricing, the stock is closer to its listing price of Yr 2018...

aquarianup Updated 

the multiple patterns, if they turn out to be true, suggest NIFTY heading towards downward spiral, probably upto 15800-16000 level. Some more correction in NIFTY will bring it back into the downtrend channel from which it had broken out in past weeks. The H&S pattern is witnessing minor pullback and drop which if continues is suggesting correction of apprx 1200...

aquarianup

With lot of uncertainty in the market on possible direction of Nifty, here's another possibility with Wolfe Wave Pattern which shows probable bottom out at 14850 level and resuming uptrend, with target of 20015!!

aquarianup

GSFC, Rounding Bottom Pattern Formed, Trend is Bullish, Target 270

aquarianup Updated 

are we looking at continuation of double top pattern in NIFTY ? did we just witness only a minor pullback before the downtrend continues ?? Has NIFTY corrected enough ?? or Hasn't ?? will we really see the NIFTY below 15K levels..?? There are no answers with any certainty.

aquarianup

SARLA PERFORMANCE FIBRE Rounding Bottom Pattern Target 132

aquarianup Updated 

Revenue of the company from Yr 2017 to 2021 have significantly remained range bound. The stock has annual pattern of Rise & Fall which makes it difficult to break previous highs. The stock needs healthy correction upto 130-150, create support levels, gather strength, in absence of which it may see the repeat of 2018/19.

aquarianup Updated 

the stock has broken out & breached resistance of 320 which it last touched in Yr 2018. May correct upto 260-290 levels before appreciating to new highs.