faadoostocks

faadoostocks

BTC dominance took a hit after many alt coins saw unprecedented buying there a lot of coins that are undervalued but majority of alt coins dont deserve the valuations that they are currently trading at. Expecting the shitcoins to underperform whereas BTC to reclaim its dominance. $45-50k zone would be a good zone for sideways move and after consolidation the...

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Reliance gave a breakout and saw some profit booking.Now after consolidating there is bullish divergence seen on charts which means if #RIL breaks 2040 and sustains will gear for 2180-2200 zones

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Bank Nifty was bullish for last 3 weeks and is now showing signs of stagnation and reversal with 2 doji on 3 hr timeframe and bearish divergence with RSI any breakdown below 30000 can see sharp fall

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A massive sell off 2.5 crore shares indicates exit of some big player. The stock was in momentum and now if breaks the support of 665 we can see more fall towards 600 levels.

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VGUARD is a Buy above 245 will give a 52 week breakout and above 255 lifetime breakout :+1: If falls may find support near 230 which would be a perfect entry before Budget.

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Trading below 50 SMA and posting weakest sales number is not going to go very well for Maruti its a sell at all levels and may hit 5500 soon. This is more of change in fundamentals of the automobile sector. No revival to be seen till Diwali.

faadoostocks Updated 

The weak numbers from auto companies lead to massive selloff in the auto stocks and also auto ancillaries. Seems the fall would become a bit nimble now. Below 8750 we may see more weakness towards 8515. Regards, Vinay

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Nifty trading in range since last couple of weeks a breakout needed in one of the direction for big move.

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The stock was beaten down pledging of shares done by management. The shares were pledged for good of the company.

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The results of SOUTHBANK are expected to be in line with estimates so we can enter above 16 SL 15.2 Target 18++

faadoostocks Updated 

Bharat Forge is a buy above 520 SL 500 Bharat Forge is a sell below 500 for small target of 485 which shows a fibonacci support level also. We are also seeing a crossover in STOCH RSI Since NIfty is bullish we may see a bullish move in Bharat Forge

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The price is trading above 22EMA and 50 SMA with STCH RSI crossover and MACD also confirming a trend reversal. Long Nifty above 10850 SL 10600 Target 11080 Do let me know your views.

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It is a buy above 26850 and its a sell below 26650 As far as my bias is concerned I am bullish on Bank Nifty due to capital infusion news in PSU banks.

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Exide is a buy above 275 SL 260 Target 300+ Exide is a sell below 260 SL 271 Target 245

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Ujjivan appears to be weak on charts below 357 we may see some more correction and targets would be 320 on the other hand if it sustains above 360 levels we may see 400 levels

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If the correction happens which is most likely we may see support near 9200 levels thus allowing fresh investors enter in the markets. A ladder is made up of rails and steps so to reach new highs each step should be completed for the next big run. So technically if the correction happens the next support is at 9200

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The stock has a multiyear support at 24 which will form the base for the next rally if Nifty is in uptrend if this support is broken the next support will be at 20 levels. Once can accumulate the stock for long terms and keep adding on dips the stock is in strong uptrend and has good potential owing to its exposure to Patanjali which is doing too good.

faadoostocks

The stock gave a channel breakout with good volumes and is likely to be 3 digit soon