gyanmuni

gyanmuni

A long term resistance is obstructing BANK NIfty to move upside. Seems a good level to wait and short BN. Breaking above the Resistance zone (Blow Up) would be another chance to short the market. Let's watch

11:30

gyanmuni

All impulse wave have 5 waves. And for HDFC all 5 waves are completed. We can expect a correction to 0.382 or 0.5 of the impulse. Entering around the region of 1450-1900 should be fin for the next big upmove.

gyanmuni

Retracement to the Breakout zone of 9 years consolidation. A very low risk buy. The time frame of the chart is monthly. Though we can see little volatility, but if it doesn't go lower than 125, Its good stock to stay put.

gyanmuni Updated 

All details and targets mentioned in the chart. *For an educational purpose. Do proper Risk Management*

gyanmuni Updated 

All information is in the chart. "This is for an educational purpose. Please do proper risk management before taking any trade."

gyanmuni Updated 

SRF is running in a contracting channel. Need to see which way to go. One should trade in the direction the channel is broken. I am biased upside. Let's see how things progress. Will keep tracking it and update it as needed.

gyanmuni

All information mentioned in the chart. *This is for educational purpose only. No trade should be taken without proper Risk Management*

gyanmuni Updated 

One cycle of 5 waves seems to be completed, with the 5th wave ending diagonal. Though it is just a prediction and very skeptical of the USDINR falling to 68 and then to 62. Still, breaking of 73-72.5 zone downward may start the downtrend. It will not happen in a day or month and may take months/years to reach the first target. The strengthening of the rupee may...

gyanmuni Updated 

A long term Triangle formation can be seen in the weekly chart of Bhel. Breaking out would be a profitable venture. The recent volume shows a heavy accumulation. Entry - 38.5 SL - 30 Target - 57 Risk: Reward - 1:2

gyanmuni

The chart had a nice setup today. The breakout that happened is having a long tail. Long-tail resembles. 1. High Demand 2. Shakeout of weak holders. 3. A Bullish candle. 4. Easy SL below the long tail. Entry should be taken on completion of the breakout candle. SL should be below the breakout candle (as it has a long tail and weak holders were already shaken...

gyanmuni Updated 

Cipla has completed the 3rd wave and right now in 4th wave (Corrective). 3rd Wave - 1.618 of 1st Wave Entry - 809 SL- 803 Target - 820

gyanmuni Updated 

This is for Long Term. Based on the Volatility Contraction pattern (VCP), the first Cup depth was around 47%, the 2nd Cup depth is around 27%. I am expecting it to have two more cups with decreasing depths (14% and 7%). A breakout above 115 with huge volume and the wide candle will ensure the beginning of a big uptrend, Current Price - 115.75 Entry - Above 123...

gyanmuni Updated 

1. The Previous uptrend happened with Incremental Volume 2. The correction happened in low volume 3. Now it's in a support area 4650. 4. It should break the downward slanting trendline with high volume. Current Close - 4670 Buy above 4950 Stop Loss - 4540 Target - 5502/6000 This idea is invalid once it breaks the support zone and closes below i.e. 4500

gyanmuni Updated 

1. Lots of Wicks implying supply while moving from 911 to 1100. 2. The up move happened with low volumes. 3. A good resistance zone was tested 4 times. Current Close- 1062.4 Entry - Near to 1070. Target - 1030/985/950 The Idea will be invalid if it breaks out and closes above 1085 with the above-average volumes.