daerontrading

daerontrading

Tata Motors just formed an indecision doji at 301 and it is usually an indication of bullish reversal. Wednesday had seen a pin bar formation but it did not translate into a bullish reversal. Given this scenario there is a 50-50 chance of this reversal happening. Whatever the situation may be, it is a very good chance to accumulate the stock at CMP for long term....

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Gujrat Gas hit a high of 704 on 22nd june and since then it has been trying to reach that but has not succeeded yet. It has formed an ascending triangle since then. Nice build up has been noted since then as the price is making higher lows and the volume is going down. Can be bought at CMP for a target of 704, 744, 809 with a SL of 600. You can consider this for...

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The stock has had a long build up through the entire month of June since it dropped down from its all time high of 101 which was hit on 14th may and now its trading at 82. It has consolidated for the entire month of June and its a dormant volcano which can burst to the upside any time. Let me show you an interesting comparison with deepak nitrite. Deepak nitrite...

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Entry can be made at cmp for a target of 344 with a SL of 250. Bull flag formation with good consolidation can be seen.

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The pattern that is happening on the 4 hours chart looks like an M pattern as of now. These usually have a tendency to break down if the pattern completes its waves by touching 15440 again. This area is a very strong support but if the price action completes this pattern then touches this area, then a huge down move can be expected. For now, we have the support...

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Looking at the parabolic recovery and the formation of a cup followed by steep rejection from 125 levels, this stock is probably awaiting the formation of a handle which will confirm its bullish break out. RSI has just been rejected from 72 levels which is suggestive of some short term bearish trend till 100-112 price range. Buying can be done just above 100...

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Buy at 646 levels for a target of 800 SL 634 Can be bought at current levels with 25% of your capital. But patience will pay off always

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There has been a breakdown of the risisng channel. It would be a good idea to enter the stock in parts. First at 2114 then at 2014 of falls further. Divide your capital in 4 parts for that.

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50 EMA broken but 2132 holding as strong support. If it consolidate sin this region, may show down move upto 1924. Overbought on monthly charts so likely downward move on the cards. If it break support today, things are bearish. Message me or comment for faster updates

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The chart is forming a saw tooth pattern. If the 50 EMA support is broken, it can consolidate between 409 and 465 levels before the next move. May go further down as it is over bought and over valued on monthly charts. Wait for the correction. The price needs to be justified for investment.

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Exit Now. Down move has started and MACD has sharp convergence. If you have some profit, take it and never look back. This share was 600 plus once upon a time. Risko-meter Lethal

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A descending triangle with an over valued price is a deadly combo. Short your stocks would be the ideal move right now and book profits. Fresh entry can be made only when it bounces off 799 levels. The momentum is fading and the volumes are also declining. It is having an uncanny resemblance with BTC USDT chart doing a saw tooth pattern. Risk-o-meter...

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Ascending triangle forming for a long time and for short term its going for cup and holder formation but the resistance zone is so strong that it has become utterly unpredictable. If it breaks upwards into the resistance zone, price will move in that zone for some time. Wait for it to break out and it may show levels of 400+ Call in neutral

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Escorts has been a good stock for investing and the chart patterns are indicating a short drop July - October followed by a bull run for a year from November-November. Given the good monsoon till now (though by latest news it has halted before it reached the northern states) the price is likely to rally. It is a good time to slowly accumulate the stock. A dip...

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The inverted head and shoulders pattern have been forming for some time and even though it is on green but it is bound to come down as this is over valued. Wait till 880 and 796 levels to enter the stock. RSI is over bought on the monthly time frame. See the retraced bar pattern from nov 2020 to march 2021

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When I told everyone to buy at 593, only a few listened and now they are having a laugh. That's why I say only technical analysis, no hawabaazi. Adding the link for my previous idea. Go and check it. For faster updates feel free to message me or comment here

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Though it's not very accurate for every stock, whenever there's a death cross on hourly chart, the price has gone down. If that happen, it may show levels around 77. An up move from that level would be a good idea to long. But yesterday's up move has averted it for now. May show upside of 88 and 92. SL 81.50. A sign of concern is that RSI going into over bought...

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The USD has been range bound and forming indecisive candles. This trend is likely to continue or lead to a down ward momentum in few days a RSI is maintaining its overbought status.