churiwalvikram

churiwalvikram

Rain Industries is one stock where retails are more optimistic than the promoter but techinically their are 3 major red flags in price action 1 It has not crossed 61.8% retracement of fall from ATH to bottom 2020 2 The rise from lows of 2020 is not impulsive (god knows how some people are marking impulsive rise from 2020 bottom) 3 It has not crossed 61.8%...

churiwalvikram

US 500 has good support at current levels can expect at least 3 waves bounce.

churiwalvikram

IRCTC has started to participate in this leg of Bull Run now with clean 5 wave rise now its starting Wave 3 Up holding 632 it should head towards 740 levels where 3=1. Charts shared for Education Purpose Only.

churiwalvikram

Apollo Hospitals have been trending up holding 20 & 40 DMA now it has pulled back to 40 EMA at 5080 & previous swing low of 5000 should be major support for next leg up & wave structure is also bullish we are in Wave 3 Up. Charts shared for Educational purpose.

churiwalvikram

Nifty has great strength holding every pullback at either 20 hour or 40 hour averages thats gives bulls a upper hand yesterday Nifty did 61.8% retracement of previous rise now again its rising in impulsive moves a move towards 18870-18890 could complete 5 wave rise of Minor degree in Wave 3 of 3 to make it easy Nifty could be moving towards 20300 in next 2...

churiwalvikram

Natural Gas has shown clean 5 wave rise after making bottom with a ending pattern of ABCDE triangle now equality levels for wave 1 & 3 is at 3.35$ but looking at strength it could extend till 3.9$ conservative SL 2.55 CMP 2.74 Charts for Educational Purpose only.

churiwalvikram

Tata Steel has seen sideways movement for long time & Volatility has been contracting weekly bands have tightened & its already at upper end of weekly band Weekly RSI maintaining above 50 a close above 60 would mean trending period daily RSI is stable above 60 keep this stock in watch list. Charts for Education Purpose only.

churiwalvikram

Bajaj Finance has broken out of 18 months consolidation with 5 wave rise & a weekly negative close would mean it pull bacl in ABC of which wave A looks complete now rise in wave B should fail in 3 waves for another down move in C wave clean Elliot wave pattern. Charts shared for education purpose only.

churiwalvikram

Maruti has completed Wave 1 & 2 in clear impulse & pulled back in ABC correction now Wave 3 has already started minor wave 1 of 3 is complete now holding 9740 Maruti should head towards 11000.

churiwalvikram

Gold if weekly close below 1900$ it would mean a ending pattern with a triple top at 2075 which could mean a multi year highs & a long correction lets wait & see how price unfolds.

churiwalvikram

Intellect Design has a impulse rise in wave 1 & has now pulled back to 40 EMA average holding this on closing basis will be important for next powerful Wave 3 rise.

churiwalvikram

Polyplex has seen 66% retracement of rise from march 2020 bottom & after that we saw 1st 5 waves rise from 1100 to 1630 which has also done almost 66% retracement now todats move looks like reversal candle & it can touch 1900+ levels view invalidates below 1275. Not a SEBI registered analyst chart shared for education puprose only

churiwalvikram

HIL has seen clean 5 Wave rise after retracing 70% of rise from March 2020 bottom to top till 2200 now wave 3 is unfolding. We are not SEBI registered Analyst chart shared for education purpose only.

churiwalvikram

Nifty needs to break 18531 to confirm end of 5 wave rise from march 2023 lows then as the moves unfolds we would know how the correction would be or its going to extend more on upside. Todays low was just close to rising Channel support tomorrow could be trending day. We am not a SEBI Registered Analyst WE are not responsible for any profit or loss pleases...

churiwalvikram

Wave 3 is extending & RSI has started to make divergence & wih daily RSI around 90 we can expect pullback in Wave 4 but this stock looks a good stock for portfolio. We am not a SEBI Registered Analyst WE are not responsible for any profit or loss pleases consult your RA before taking any Position. Chart Shared for education purpose only.

churiwalvikram

Tata Power has consolidated for about 18 months from top of Oct 2021 & we have seen clean 5 Wave rise from bottom now a pullback towards 205-200 would be good zone to long for long term & short term trades Tata Power is in our investment pick & we have a long term target above 2000. We are not SEBI Registered Advisors. This Chart is purely for training and...

churiwalvikram

HDFC Bank has reversed from 1725 third time & it has almost made a bearish engulfing candle on monthly charts could this leader be the laggard of this rally. We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.

churiwalvikram

DLF if closes below 478.1 would mean a pullback to 430 levels but this correction will be Wave 2 of larger impulse next would follow Wave 3 Up so keep a watch on this stock. We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.