manni84

manni84 Updated 

Bitcoin looks poised to bounce after testing 0.23 fib retracement. Although I feel it should consolidate in 24k-43k range for the next year or so as the OBV is still sideways but it should make a new high in the next 2-3 years after the halving event.

manni84 Updated 

BNB Daily and weekly charts seem to be forming a descending triangle pattern. Breakout in either direction will give a decent move. A breakdown from here can take BNB in $40-$50 range as there is no major support in between. Can cause a lot of panic if that happens and we might see BTC testing 20k again. Though it'll be another great time to accumulate for the long term.

manni84 Updated 

We might be in for a big crash as there are clear divergences in Nifty monthly charts (similar to pre-covid levels). Now whether that happens or no, only time will tell. Net inflow from DII's is still positive but FII's are net sellers for the past few months. This in the middle of 2 wars happening around the globe. If selling intensifies, we might see Nifty in...

manni84

PSU banks in general are looking good with most of them already giving good gains over the past 6-12 months. Nifty PSU index has already given a breakout and will soon hit new ATH. Next few years these banks will give good returns just like other PSU stocks like REC, PFC.

manni84

IEX is another chart that looks good on weekly with positive divergences in RSI and MACD. Currently at resistance but once crosses can touch 140, 152

manni84

IRB has given a breakout after trading in range for over a decade. Real estate sector as a whole will give good returns over the next few years. Stocks like IRB that are breaking out after a long time can give multifold returns. There were positive divergences in OBV, RSI and MACD on monthly and weekly charts.

manni84

Gland pharma made nearly a perfect bottom here. Huge volume spike at the bottom and multiple divergences on weekly RSI and MACD. Made a higher high with a 20% upper circuit today. Entire pharma sector is outperforming. Its one of the most lagging stock in pharma sector. Still down almost 63% from ATH. Its a very good buy for long term.

manni84

Just like PFC, REC is also giving a long breakout after trading in a triangle for more than 10 years. Ofcoz we can see there was a fake breakout in May 2017 and it moved into channel immediately afterwards. But this time around, the breakout looks more genuine. Again I expect it to go beyond 800 over the next few years. Great thing about stocks like REC and PFC is...

manni84

13 year triangle breakout on PFC. PFC has been consolidating in a range since 2010. Breaking through 146, it just gave a 13 year triangle breakout and rising since. Recently made a new all time high. A long way to go from here. Should easily surpass 800 and 1000 in the next few years.

manni84

There were clear positive divergences on weekly charts in RSI and OBV. Price made new lows but RSI and OBV on the other hand didn't. Such setups give a good long term entry on breakout.

manni84

13 year triangle breakout on PFC. PFC has been consolidating in a range since 2010. Breaking through 146, it just gave a 13 year triangle breakout and rising since. A long way to go from here. Should easily surpass 800 and 1000 in the next few years.