iamvaibhavkr

iamvaibhavkr

A multiple head and shoulder formation is under construction, which may get completed by the end of October and since the US elections are also around the same time therefore some major price moves along with high volatility can be anticipated. As it can be seen, 21000 is acting both as a neckline and a strong support zone. In last two trading sessions also...

iamvaibhavkr

BANKNIFTY is in sync with Gann Square Levels on daily charts. As it has been seen how the Gann Level & Gann Fan has acted as both support and resistance on multiple occasions. On weekly charts, a double bottom pattern has been formed but the prices hasn't been able to move up and have been hovering between 23000 - 21000 so further consolidation is less likely to...

iamvaibhavkr

JPYINR is currently trading near a very strong support zone of 0.6980. The 100 days EMA , the golden fibonacci ratio of 61% and the trend line has supported the price on multiple occasions previously and now again the prices have come near the support zone . So if history is any guide, then we can expect an upmove from this level for the targets of 0.7145 which is...

iamvaibhavkr

This gap up was basically a exhaustion but due to exuberance the price moved further away despite the bearish setup but now a correction is awaiting to happen after this irrational move. Also, a bearish harami candlestick pattern has been formed on the daily chart followed by a indecisive candle and then again with a bearish candle suggesting a...

iamvaibhavkr

Bitcoin is currently trading at a very crucial level i.e near 38% retracement level. Although it has already broken the golden ration i.e 7245 level, but the confirmation is yet to come. If the breakout the confirmation comes then be prepared for the downfall cause the head and shoulder pattern is also on it's way for completion. The moment head and shoulder...

iamvaibhavkr

Hi guys , HAPPY MAHASHIVRATRI First of all let me tell you that most of you guys are long in nifty just because of the cup and handle pattern formed in nifty but its not a valid pattern you can confirm it on internet www.investopedia.com Now let me come to my analysis Its the monthly charts of nifty where you can see a strong support/resistance trend line...

iamvaibhavkr

As it can be seen that the stock has formed a bearish crab and then coming downward to achieve its target so traders can go short for the very first target of 462 - 460 ( 90% probability) and if it breaks below 460 on closing basis then our next target will be 425. And maintain a closing basis stop loss at 500.

iamvaibhavkr

As it can be seen that a exhaustion gap is formed in bank nifty with rising volumes which is a confirmation of exhaustion gap and also the confirmation of coming downfall. So now banknifty will first fill its gap by coming at 20200 and once if it breaks below these levels you can expect a major downfall. The main reason why I am expecting downfall is firstly...

iamvaibhavkr

As it can be seen on daily charts that after a sharp fall the stock has again taken support on the trendline with good volumes so traders can go long for the targets of 700- 720 with a stoploss of 660 on closing basis.

iamvaibhavkr

As it can be seen that sun pharma has formed a bullish bat on daily charts and a resistance tredline is also there at the level of around 680. So go long in it for the targets of 660 - 680 and maintain a closing basis stoploss of 620.

iamvaibhavkr

As it can be clearly seen on the charts that the stock has given the breakout of inverse head and shoulder and even taking support on the trendline. So its a buy for the targets of 560 and maintain a stoploss at 500 on closing basis. if it crosses 560 then further upside can be seen but for the current scenario go for 560 only .

iamvaibhavkr

As it can be clearly seen on the charts that this stock is showing divergence. Prices are making lower lows and indicators like MACD, RSI is making higher high which is a clear sign of divergence. Even the stock has given the breakout from BASIS ( middle line of bollinger band ) . So definitely its a buy on current levels for the targets of 925 with a stoploss of 800.

iamvaibhavkr

As it can be seen that arvind has formed a descending triangle on daily and hourly charts and also given the breakout on the upper side with high volumes, So its a buy for the targets of 365-370 and maintain a closing basis stoploss at 335.

iamvaibhavkr

A downward sloping channels can be seen in albk with a bullish butterfly on daily charts. so its a buy with a target of 64 - 66 and a stoploss should be maintained just below the channel support at 56

iamvaibhavkr

As it can be seen that previously also nifty formed a small head and shoulder and given a fake rally then afterwards it came down and same move is expected in this big head and shoulder. So traders can go long in it for the for the targets of 8150 - 8200 but be cautions and maintain a strict stoploss of 7900. Overall it will come down after testing the...

iamvaibhavkr

Long buildup can be see in icici bank on daily charts. as you can see the bullish pattern formations on the charts so its a BUY with a target of 280 and a strict stoploss should be maintained at 245 on closing basis. because its seen that most of times it just gives shadow at the bottom levels .