manavtechresearch

manavtechresearch

SUMMARY:- -stock is breaking out of its descending triangle pattern -stock on watchlist keep an eye wait for closing -it can go below 2000 stock futures short@2090 (only if market is closing below 2100) stop@2160 target@1990-1950-1910 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and...

manavtechresearch Updated 

SUMMARY:- *stock multiple times rejected 276 in futures *today it has sustains with short-covering and rising volumes *target on the upside will be near 285-290 *one can wait for the range to break on closing basis for positional target of 295-300 *stock is seeing defensive buying which is a good sign DISCLAIMER *my views are not trade recommendation *please...

manavtechresearch

SUMMARY: -monthly chart on banknifty is not giving good signal -global market scenario is not good for markets -upside on banknifty is capped -dollar index has made a double bottom breakout on monthly chart -index broke above 104 and giving targets of 118-120 which is showing dot.com crash levels -if dollar index and usd/inr is rising along with oil and yield...

manavtechresearch

SUMMARY:- *us market covered and rose up on friday *today expecting some short-covering rally in nifty index *but overall the view is still bearish *remember market trend remains bearish until 16480 is taken out *we have falling trendline from the top if that breaks then we will start an uptrend *global data is not good *last week i had explained that i am...

manavtechresearch

SUMMARY:- *earlier i shared wipro chart *unlike wipro techm is yet to break below the flag pattern *IT sector stocks look bearish now *wait and watch approach will act once breakdown is seen DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update...

manavtechresearch

SUMMARY *inspite of rising dollar IT stocks are finding it tough *wipro has given an inverted flag breakdown *will wait for further action at the days end *already shared coforge short in the channel DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market...

manavtechresearch Updated 

SUMMARY:- *stock has created a weekly head and shoulder pattern *breakdown below 770-780 demand zone suggest a move towards 500-400 levels *yes it has come to those levels in the past *i have been negative on the index in banknifty and some major banks *please check my previous weekly and special post on index *those following me in my channel have seen...

manavtechresearch

SUMMARY:- *index has bounced back from 15380 twice now *index today will gap-up above 15750 *index has a crucial support @15700-15670 zone *we are in a bear market rally so it can be called correction *according to swing pattern analysis this correction ends above 16800 *is nifty coming to fill up the gap and trap new longs *like we discussed pcr was oversold...

manavtechresearch

SUMMARY *double bottom pattern in a 2-hour chart *inside a ascending triangle pattern on hourly chart *banknifty not interested to buy unless sustains above 34250 *yes today banknifty and nifty will close the gap-down price today *if banknifty moves above 34200 we will see another 1000 point rally *so wait patiently no need to rush *wait and watch approach for...

manavtechresearch

SUMMARY *stock has broken 200-dma support *rising trendline is broken *one needs to wait for a close below the trendline today *view is negative on reliance with positional view of 2250-2180-2120 *please check my previous weekly and special post on index *those following me in my channel have seen action on reliance DISCLAIMER *my views are not trade...

manavtechresearch

SUMMARY *dlf has taken multiple times support @300-305 zone *it have bounced atleast 30-40 points each time *but if you watch closely the support is getting weaker as it is getting tested *the bounce is creating lower higher each time *a close below 300 will be the beginning of a trending downfall *for now chart is under observation DISCLAIMER *my views are...

manavtechresearch

SUMMARY *possible descending triangle formation *if it close below 2025 levels in spot it will open up for further downfall *for now chart is under observation DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box...

manavtechresearch

VIEW *YES OUR PRIVATE BANKING INDEX IS SHOWING HEAD AND SHOULDER PATTERN ON WEEKLY CHART *IF THE INDEX BREAKS DOWN I AM EXPECTING A TARGET OF 30K-29K IN THE FOLLOWING MONTH *YES INDEX IS OVERSOLD PCR IS DOWN BUT IT DOES NOT MEAN MARKET WILL FALL *EVERYONE IS BUSY TRYING TO FIND THE BOTTOM BUT NO ONE IS TRADING WITH THE TREND charts no one is talking about...

manavtechresearch

SUMMARY:- "back with weekly market update sorry for delayed post as i am sick had a medical emergency last week" "for live updates please check signature box below currently active in the channel' MARKEY OVERVIEW *check out our last few post on index *i have been somewhat accurate in predicting price moves *again we expected a fast move towards 15250-15000...

manavtechresearch Updated 

SUMMARY *nifty has made a clear descending triangle pattern *we have a bottom support line@15670 *once a close below 15670 is achieved *track the channel update in link below note:- *pattern yet to break *once below crucial levels will give fresh targets *members are already in nifty puts DISCLAIMER *my views are not trade recommendation *please consult...

manavtechresearch Updated 

SUMMARY: *just an update *we will track banknifty *watching how it will play out *positional traders must wait patiently

manavtechresearch

SUMMARY DXY@104.6 USD/INR@ATH US-10Y@3.2% US MKT HAS STARTED FACTORING A RECESSION ON FRIDAY I HAD TOLD EVERYONE THAT WATCHOUT FOR ECO DATA INFLATION CAME HIGHER SO FED WILL HAVE TO BE MORE AGGRESSIVE IN AN SCEANARIO WERE JOB DATA WAS BAD AND UNEMPLOYEMENT CLAIMS ROSE WHAT DOES IT MEAN -it is an indicating of stagflation -were fed is in raising interest...

manavtechresearch Updated 

SUMMARY:- *stock has finally moved below 5950 *if closes below 5950 today *then again can move towards 5750-5650 *will trail stop loss@6055 *safe traders can wait for move below 5900 TO BE UPTO DATE -check the signature box below -for live updates *channel view shared early and updated DISCLAIMER *my views are not trade recommendation *please consult your...