ishwinderjauhar

ishwinderjauhar

Correction till 0.786 levels is complete. Above 3400, can look at +3800 levels. Plus it has retested 3346 levels.

ishwinderjauhar

Needs to hold above. 2350 to 2625 zone. From a pattern perspective, there is a lot of valatility in price action. Is it a double bottom variant, an inverted H & S or a cup being formed upto 3000. Regardless i like it, since after price increase it has retested the 2625 zone.

ishwinderjauhar

Needs to clear the pivot point as well as 1.618 levels for push towards 200. My immediate concern is the negative RSI divergence, which can make the price retrace till the 155 levels to rectify ...It is also creating a flag pattern which is rising. on daily not to mention the gap around the 150 levels. Probability dictates a correction but once a stock is in...

ishwinderjauhar

Just feel a breakout/breakdown is around the corner. Bollinger bands are indicating a squeeze, 1173 and 1117 need to hold. Above trendline, will go long...

ishwinderjauhar

The 2620 level is an important on, it has tried pushing upupto 2800 3-4 times but has fallen back on all occasions. Very decent candles these 2 days, full bodied and froma volume prespective clearing 2500 to 2540 was very important. Is it early in the cycle that it can move upto 2800 + levels.

ishwinderjauhar

If it is able to stay above this parallel range, above 1300 can enter a long, for 1400 and above. Since its been in a downfall for a year, would not enter with a regular position, rather stagger in and if it is able to cross 200DMA, then check on it again.

ishwinderjauhar

Needs to clear 2436,2476, since most of the volume action going back to 200 bars has been in this region..It is respecting trend line so far and has been moving sideways in the 2750 to 2260 region. Just needs a little push on volume to create momentum. Would wait for 2480+ for an entry

ishwinderjauhar

Above 4563, should help it to to go for 5000 and all time high

ishwinderjauhar

Took support from pivot point. Higher lows including today's candle. Does it play in the channel or will it have the strength to break out this time.

ishwinderjauhar

Breakout from downward sloping parallel channel. It can break out and then if it restests this and moves higher, that would be excellent.Price had contracted quite a lot in the last 15-30 days. Needs to cross 330 which is its 200 day point of control.Staircase type targets would be 345,355, 375

ishwinderjauhar

Positive Divergence of RSI on 15 and 60, also today could be the last of the major supply. Cautious approach but it has to cross 500 and 550 to fix these divergences.

ishwinderjauhar

05.11.2022- Results were not as per expectation.has a habit of 1 or 2 green candles on weekly followed by red.Below 200 on both daily, taking immediate resistance and weekly, which is a concern.However 20 providing immediate support on daily.Majority of volume transactions have taken place between 2750 to 2866. Does this short term trend line hold ?

ishwinderjauhar

04.11.2022- made a bullish engulfing on volume, followed it up today with volume, but would have preferred a better candle. 400 is a support zone since 0.382 levels are there .Concern is obviously the negative price action and has it made a H & S, the only issue being the right shoulder should have been taller. Majority of the volume play on daily is at 420...

ishwinderjauhar

the rsi on daily is showing hidden positive divergence. It has made a support at 350 levels. Can keep on radar and enter on positive price action.Its below its 20, so would like to cross that and then enter.

ishwinderjauhar

Flag on weekly, but does it have the strength to go above its long term channel, post 130. It has tried sustaining above but eventually falls back.On the short term period has taken support from trend line 3 times and respected it. Above 110 one can consider entering.

ishwinderjauhar

Price above 5EMA's, tight consolidation on daily. POC on daily is now below cmp, both over the short as well as longer time period

ishwinderjauhar

GSFC respects fib values. Interesting concern on daily, will the Head and Shoulder break down or will the hidden positive divergence of RSI prevale. Long term volume transactions are in the 116 region.

ishwinderjauhar

Made a double top, for the moment not going below 950 mark. Point of control on daily for the longer term is 970 and the newer volume transactions are around 1050.I had picked it up around 990, jumped the gun a bit,should have let it close over 1000 (round number). On the daily again it is forming a falling wedge. As per Elliot Waves could be the end of wave 4....