indiamarketoutlook

indiamarketoutlook

JP Associates CMP 22.10 Prima facie looks like has completed it's Impulse 5 Wave Can come down to 18.50 levels in this corrective phase... Pattern gets invalidated above 23.50 Take care & safe trading...!!!

indiamarketoutlook

IDEA CMP 89.40 The stock is trading near important 38.2% Fib retracement The stock may come down to 85.60 / 84 levels Pattern gets invalidated if it moves above 90.40 Take care & safe trading...!!!

indiamarketoutlook

Nifty CMP 9913 Chart is pretty simple... Nifty has been trading in the up trend channel since March 2017 Currently it is at the upper end of the channel... Rest explained in the chart... Plan your trade accordingly...!!! Take care & safe trading...!!!

indiamarketoutlook

IOC CMP 374 On 29 June 2017, when stock was at trading at 389, the importance of 397-405 was highlighted. On any rise rejection in the said zone will increase the probability of further downside movement towards 368-363 zone... Well it made a high of 398.6 taking resistance right in the zone and also at top of falling channel and thereafter it...

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Nifty conquered previous top of 9119 in March 2017 and thereafter has taken 4 months to move 700 points - an average of 175 points a month or a tad lower than avg 2% a month.... Reminds me of story of race between tortoise & rabbit we all might have heard in our childhood... Rest the chart says it all... Plan your trade accordingly... Take care & safe trading...

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Aptech CMP 214.50 Observations The stock has had a fantastic ride in the last 1 year moving from 56 odd levels to 250 228-240 zone is looking likely to act as potentially strong resistance zone going forward Expecting the stock to consolidate in the range of 228 to 192 with possibility of some downward bias breaking on the down side testing 166-160 levels...

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Waterbase ltd CMP 112 Observations from chart... - Volumes are higher when going up & - lower when stock is coming down or in consolidation phase - the stock has given a triangle breakout _____________________________________________________________________________________ - long term target as per pattern set up comes around 212-220 zone - 128 / 160...

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BHEL: CMP 137.50 Last month, it was mentioned that BHEL chart is suggesting A buy on dips towards 133-128 zone can provide better risk::reward ratio Well the stock reversed exactly from that zone after making a low of 130.80 Going forward, the stock may gain further strength above 142... Short to medium term Target 147 / 158 SL below 128 Take care...

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Interestingly on hourly charts, it can be observed that the retracement of the fall from 9698 levels to 9448 has been equally strong and bulls matched the number of bars to rise again to 9700 odd levels... It's still even Steven... No directional trade for time being...!!! Take care & safe trading...!!!

indiamarketoutlook

Shree Renuka Sugar CMP 15.66 On 21 June, when stock was @ Rs 13, we highlighted how chart is indicating good times for Renuka Sugar is round the corner... Well today the stock is up 20%... No one can time the market.... but when time comes you can surely make the most of it... All we need to do is... - Do our homework... - Identify key...

indiamarketoutlook Updated 

RCom CMP 21.40 - Trading in a sideways channel - 22.45 is an important resistance level for RCom... - Bullishness only if closing above that level... - Otherwise the stock could be heading back to 18 levels Take care and safe trading...!!!

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Infy is trading in down channel currently... Do look at previous updates on Infy Take care and safe trading...!!!

indiamarketoutlook Updated 

Nifty CMP 9606 Sell on rise will hold true if Nifty stays below 9648 levels on closing basis... NIfty is at 61.8% Fibonacci retracement level of the fall from 9710 levels to 9448. & 9648 represents 76.4% retracement level We look to sell Nifty if it is to get resistance in this zone of 9610-9648 Take care and safe trading...!!!

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GSFC CMP 119.3 Observations - 20 day EMA crossing below 50 day EMA - 122-124 important resistance level - 112-108 important support zone - below 115 Head and shoulders pattern starts getting stronger - Probability of the stock going lower increases if it takes out 112-108 levels - Target zone for the pattern 94 / 86 - View gets invalidated if stock...

indiamarketoutlook Updated 

If you have gone through previous post on Nifty, you will realize we have been tracking Nifty movement more from Exponential Moving Averages (EMA) point of view... Link to Previous updates on Nifty... Nifty has been giving signals of weakening of 20day EMA support which it has broken - also it was suggesting that it's time for big brother 50 day...

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IOC Observations from the chart - - Made High of 404 on 7-Feb-2017 - Took that level out with a strong gap up (from 397 to 405) on 7-April-2017) - Trading below 405 after almost 3 1/2 months - Also Broken trend line now -20 day EMA & 50 day EMA crossover observed after a very long time Any rise towards 397-405 needs careful attention. Rejection at those...

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How much loud and clear does one want the chart to be.... This is what we had posted on 26th June 2017 Retest of breakout zone and up again on confirmation... This is what the chart observations were indicating and that is exactly how it panned out...retest of breakout line and zoomed all the way up above 600+. We have plotted the chart on a 15 minute...

indiamarketoutlook Updated 

Plastiblends Cmp 593 Observations from chart: - the stock has given a breakout & has come out of ascending triangle - consolidation phase within triangle is of nearly 10 months in 1st chart - this is generally a low volume stock with occasional spikes in volume - MFI & RSI are currently in overbought zone -- in the short term, stock may retrace & test...