chinmaypatnaikk

chinmaypatnaikk

Jash may rise by 30% from current levels by march 2025, it has potential to go 1500+ by 2026 !!!

chinmaypatnaikk

Accumulating Trent in this correction can be rewarding for investors

chinmaypatnaikk

Is this a coincidence or Divine Significance !! Will the 144 days Time Cycle for Nifty and Mahakumbh 2025 which happens once in 144 years, bring good omen for stock market ?? Only Time will tell, but what's certain is that if we're well prepared, we can make the most of these opportunities.

chinmaypatnaikk

As per my Time cycle and Elliot wave forecast, we can see major lows in the markets are formed on or near this 144 days GANN cycle, so as per this research, a meaningful low is now due in our Indian markets in coming weeks, a low which will not to tested for the years to come, so don't be afraid of the ongoing correction which is at the matured stages, don't fold...

chinmaypatnaikk

Near Term Peak Everyone seems to be in FOMO now and Looking at Buying Everything and anything. IMHO: "Use this Rally to Book Profits" You have already missed the Bus of Buying at June 4th crash and near 23400 last week, but now some Pullback Expected for some Short Time. I just mean to say - Don't get Trapped in #Long Positions this time around at 24k + levels.

chinmaypatnaikk Updated 

Trendline breakout with a big bullish candle in GSPL along with good volumes and strong RSI that indicates stock's potential target of 380 in immediate short-term. Option buyers can track GSPL 330 CE of jan expiry at cmp 11.50 for 40+ levels. Stop at 7.

chinmaypatnaikk Updated 

Trading rationale: Focus on Chemical and Fertilizer stocks till budget, UPL is best buy in agro chemical space, Breakout from expanding channel on weekly time frame, Bullish crossover on MACD & RSI is above 60 suggesting strong trend of the stock, Option buyers can track 790 CE which is trading at 23.45 with a sl of 16 for targets of 32/40 Swing traders can...

chinmaypatnaikk Updated 

Nifty broke the long term trendline on weekly chart in Nov, It has closed below the trendline 4 weeks in a row, Made a bearish engulfing in Monthly chart. These are all important and correct observations. But not yet enough to make the Conclusion. There is more to the game. At the height of COVID-19, in March 2020, the index (Nifty50) had gone from 11,500 to...

chinmaypatnaikk Updated 

Nifty finds repeated support at 17200. Although, overall trend of da nifty is negative, a big short-covering towards 17500 cannot be ruled out. Major hurdle still exsists at 17500. And hence tom u may get a gap up again and follow thru this time. Market is short, sentiment is rotten. Even if people want out, they need higher prices. View: Nifty is looking...

chinmaypatnaikk Updated 

The last time Fed tapered was December 2013 and the stock market had a quick correction then went on to make new highs. I don’t see why this time should be any different. (2013 chart below) the Fed raises rates, the stock market tanks, hurting the economy. If the Fed doesn’t raise rates, inflation spikes, hurting the economy. So both the scenarios are possible....