ashutoshmalguri

ashutoshmalguri

Nifty weekly chart analysis (Al'brooks methods) Current status - Price near ATH Price near following multiple (confluence) of resistances (RED line) Round number 19,000 Previous high (Double top) Measuring GAP - Measured move target Wedge (upward sloping line marked 5) target Inference - BEARISH Remarks - The market has limited upside from...

ashutoshmalguri Updated 

On the weekly timeframe chart is developing a double top higher high major trend reversal pattern (according to price action Al'brooks Method) Kindly refer more about Major trend reversals from original source I'll give out the basics here. The following conditions are required for a MTR to set up 1. Trending market - here the uptrend we see at beginning...

ashutoshmalguri Updated 

acc cement can show quick move in a mean reversion at least towards Volume point of control (red line) and maybe beyond it TF - less than a week.

ashutoshmalguri

ACC has taken good support and now moving for higher levels. Idea marked on chart. Timeframe 2 - 5 weeks

ashutoshmalguri

looks good for a swing, breakout has occurred with good vol and is sustaining at higher levels repeatedly.

ashutoshmalguri

IT index looks good. Tech m technical corroborating can give a breakout.

ashutoshmalguri

Chart showing good consolidation stock taking good support and moving higher, can initiate for a positional swing timescale (2-5weeks)

ashutoshmalguri

Canara bank shows a good breakout, can give good move in next several sessions.

ashutoshmalguri

Expecting big move anytime now, resting(to explode) on breakout point.

ashutoshmalguri

Self Explanatory Chart.

ashutoshmalguri Updated 

TCS resuming uptrend after breaking swing high pivot of important base formation of around 12- 13 weeks. Forming "Higher low-double bottoms" for support (on multiple timeframes) Moving average criteria(refer Mark Minerveni) also being satisfied.

ashutoshmalguri Updated 

Federal Bank forming a cup and handle breakout

ashutoshmalguri

Srtfin has formed a rect consolidation with some VCP (minerveni) characterstics.

ashutoshmalguri Updated 

It has formed a stage 2 Basing formation of around 25-26 weeks, ideal basing characteristics. Stock is already in stage 2 ( uptrend ) fulfilling moving average criteria price above 200MA & 150MA above 200MA Wait for breakout from the pivot before initiating long.

ashutoshmalguri Updated 

Update for naukri idea posted earlier Added fibo retracement, naukri crossing golden ratio resistance.

ashutoshmalguri Updated 

the scrip has formed a good basing /consolidation formation in a longer term uptrend.

ashutoshmalguri Updated 

long

ashutoshmalguri Updated 

Can initiate long if sustains 693-94