malaythakkar

malaythakkar

H&S pattern on Nifty hourly charts. Nifty can retest the neckline again and then correct till 11800 levels.

malaythakkar

Negative divergence on weekly charts. SL: 3300. TGT: 3000.

malaythakkar

Negative divergence on daily charts

malaythakkar

Negative Divergence on weekly charts. Aggressive traders can short at current levels maintaining a SL of 225 and a TGT of 180. Safe traders can short below 201.

malaythakkar Updated 

Negative divergence on reliance daily charts. We can expect the stock to fill the gap of 1515-1530 levels. We must maintain the same 1515-1530 levels as our short term targets.

malaythakkar Updated 

Negative divergence on weekly charts

malaythakkar

L&T at long term support

malaythakkar

Head and shoulder formation on Bata weekly charts. RSI is also turning negative.

malaythakkar Updated 

Head and shoulder formation on Asian Paints weekly charts.

malaythakkar Updated 

Asian Paints is currently at it's resistance level and there is a negative divergence on the RSI on the weekly charts. On the daily charts also the RSI is showing weakness. Shooting star pattern is also formed on the weekly charts which is supporting our study and showing weakness indications a trend reversal.

malaythakkar

JSW Steel has given a negative divergence at a very strong resistance. TG1- 237, TG2- 225, SL- 260

malaythakkar

Ascending triangle formation on Colgate daily charts. The stock has given a strong upside breakout with good volumes.

malaythakkar

Tata Elxsi is currently at resistance and is also facing tough resistance from it's 200 day moving average. The RSI has shown a negative devergence. Also on the weekly time frame the stock is facing resistance from it's 50 day moving average.