ff_shaikh

ff_shaikh

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ff_shaikh

Description mentioned on chart

ff_shaikh Updated 

Stock is taking support of a rising trend line. At 160-162 levels, stock is having a Fibonacci cluster. Firstly, the H&S pattern, which was formed at the top gets completed at 161.70 (Height of the formation). Secondly, stock is resting at 61.8 Fibonacci retracement level of 162.40, of its previous up move. Risk-Reward is highly favorable at current level. Keeping...

ff_shaikh Updated 

Stock is forming a base at around a previous peak. It has also retraced to Fibonacci levels and also taking support of a rising trend line. Go long on the stock, keeping SL at 394, for a price target of 424 and eventually 450.

ff_shaikh Updated 

Stock had broken out of the Head&Shoulder pattern, and is currently in throwback mode and retesting the neckline of 170. On intraday basis, the stock has rebounded sharply from the same with surge in volumes. Go long, keeping SL at 166, for a price target of 185,200

ff_shaikh Updated 

Havells India is seen forming a symmetrical triangle formation. The stock broke on the upside, and is now seen back in the triangle and lying near a support region (Upward sloping trend-line) waiting to break downwards. Also the stock is forming Lower top- Lower bottom series. Short trade can be taken on Havells, keeping SL at 471 for a initial price target of...

ff_shaikh Updated 

Nifty50 is found at the upper-end of bollinger band, which will be acting as resistance for the same. Now some calculations. Nifty50 made a low of 7893.80 in 2016 High just before the elections in UP: 8992.50 If we take the difference of the above two 8992.50-7893.80 = 1098.7 points Now the low point after the measuring gap was created was 9019.30 If we add...

ff_shaikh Updated 

Amaraja Batteries has been consolidating in a triangle for quite some time. It is been seen at the bottom of the same for a couple of weeks now. Volume is seem to be picking up now, and so would Amaraja. Risk-reward ratio is highly favorable. One can take long positions at current levels. SL for the same can be placed at 824, for a initial price target of 880...

ff_shaikh

Nifty50 is found at the upper-end of bollinger band, which will be acting as resistance of the same. Now some calculations. Nifty50 made a low of 7893.80 in 2016 High just before the elections in UP: 8992.50 If we take the difference of the above two 8992.50-7893.80 = 1098.7 points Now the low point after the measuring gap was created was 9019.30 If we add...