bountyhunter21

bountyhunter21

If prices close above 514 with an engulf of 514 we have a chance to go long for targets up to 650 levels. PA may shoot up very quickly to these levels.. Trade safe, Take care

bountyhunter21

PA shows price hovering around a demand zone and a revisit to the 480 levels or lower for a long up to 600 odd levels, where PA will possibly take a reversal back to the lower demand levels of 420 odd levels. Over the next couple of days we will revive the PA and take appropriate levels for long. I shall repost the analysis again if we get a shot at taking long...

bountyhunter21

PA suggests a likely scenario for prices to revisit the 1200 area for a long trade with a decent enough RR. We can wait for the PA to reach the 1200 area and look for a reversal there for a long trade to minimise our risk. Trade safe!

bountyhunter21

PA is suggesting a breakout of the Inverse Head and Shoulder pattern for possible targets marked in green lines. PA could possibly retrace upto 345 levels before the upmove to higher levels. PA below 340 -335 levels would negate the pattern. Trade safe and good luck to Y'all

bountyhunter21

Bullish Flag pattern breakout in BPCL. PA in BPCL has broken out of a bullish flag and is retracing the upper descending trend line of the flag. The RR looks good for an upside move upto 800++ levels as shown with green lines. PA close below the blue line may not be conducive for the upmove. Trade safe and good luck to Y'all.

bountyhunter21

A tight Flag can be seen in Radico Khaitan. One can go long for some quick bucks to targets marked in green. PA moving below 118 levels may not be conducive for a upmove. Trade safe and good luck to y'all!

bountyhunter21

PA in biocon is showing a consolidation pattern and the range seems to e kept intact as seen by the large volume engulfing candles. Prepare for a breakout towards 1400 levels. PA moving below the blue line invalidates any immediate long move. Trade safe and good luck to y'all!

bountyhunter21

15m PA in Hindpetro shows consolidation inside a channel. Breakout can be on either side but my reading of PA says it would be most likely on the down side. Targets are marked in green. If the PA breaks the trend line marked in yellow, downside move would be negated or delayed and in that case PA could move upside to the previously tested levels marked in...

bountyhunter21 Updated 

TataSteel at an interesting point. PA will likely test the Demand line at 435 levels and will likely bounce back to 560 levels where previous PA was tested.. Alternate PA would be bounce back from current levels for same target.

bountyhunter21

Virinchi Limited PA showing a bullish flag formation. PA looks very bullish, and higher targets can be expected. Targets marked in green. Everything else self explanatory . Good luck to y'all!

bountyhunter21

Possible medium term direction for SRTRANSFIN.

bountyhunter21 Updated 

PA has formed a range in Hindalco and one can ride the breakout to the long for targets of 245++ levels. One of two scenarios may be possible. Scenario 1 - PA will likely test the ascending trend line and retrace for a breakout. Scenario 1 - PA will breakout at the resistance and move to next higher resistances registered in the past..

bountyhunter21

Ascending triangle pattern spotted in Banco Products weekly and daily charts. Buy on the breakout for upside. Target marked in red at around 315-320. Good luck to y'all..

bountyhunter21 Updated 

Interesting PA observed in Motherson Sumi. The PA currently is testing the support of the uptrend channel and if PA can successfully rebound then we can see PA reaching 390-400-410 levels and beyond upto 425. If PA closes below the uptrend channel or 370-369 levels it may test 355-350 levels.

bountyhunter21 Updated 

Is the PA Suggesting a rising wedge breakdown or just a normal PA retracement to retest the lower trendline of the wedge?? Lets wait and watch..

bountyhunter21

A flag like pattern has been observed in yesbank, 30m/hourly charts. With results being anniunced can it add fuel for the flag to fly high? Targets are marked in green, while redlines indicate possible supports. Best of luck to y' all.

bountyhunter21 Updated 

Potential Bullish flag pattern spotted in HDFC. Close above the dashed green line can act as a confirmation for the breakout while red dashed lines the possible target levels. Good luck , All!!

bountyhunter21

PA Structure suggests ZEEl could be shorted at 525-528 levels for possible targets of 514 and 509. SL above 533 levels..