mayank79

mayank79

S&p BSE MIDCAP INDEX- time ripe for consolidation aka correction. An observation of Monthly charts of S&P BSE Midcap index reveals that its ripe for a consolidation cum correction for a periods of 15-18 months from Today i.e May 2022. So reasonable to say time for super cycle growth can start from 2024-2026 for tgt of 38000-50000. 61.8% retracement for the entire...

mayank79

Godawari Power-GPIL- Cup n handle breakout- Daily Charts Breakout abv 400 DCB, First tgt 440(handle tgt) Final tgt 400+165=565(550 to 570). other multiple formations, if cross abv 440 dcb, which takes tgt to 1000+ Fundamentals: Company with good fundamentals, available at a decent PE of 4.5. mkt cap to sales is 1, ROCE of 37%,means if one invest 5000 cr and takes...

mayank79

Weekly close abv 360 to trigger a much bigger rally for time frame 1-3 months. Min tgt size of handle 360+(360-240)=480. MAx tgt size of cup 360+(360-60)=660(time frame can be 2-4 mth). Keep a Stop below 300 DCB. Entry only on WCB abv 360 as markets are too volatile. Tranch 1 buying >360 WCB Tranch 2 buying on DCB>480 As on daily charts ADX is missing, so buy...

mayank79

tanla platforms- on the verge of ATH breakout. 9 mnth consolidation- baby to be born Weekly close abv Rs1030 required. cmp 1010 T1-1320(flag size) T2-1030+906=1936 Weekly ADX stopped falling and now stable/sloping upward. Daily ADX abv 25 Tranch1- Buy on close abv 1030(dcb) Tranch 2-Buy on weekly close abv 1320 Stop loss Rs 800 WCB. monthly ADX at 60 shud...

mayank79

adani power cmp 120-125, SL rs 100 DCB. Tranch 1 buy cmp 120-25, tranch 2 buy on closing abv 150, tranch 3 buy on closing abv 170.. tgt 265-270. large rounding bottom formation on daily charts. Mnthly ADX suggesting strong momentum. Power sector tailwinds. Time horizon 3-4 months Regards mayank 21/10/21

mayank79

mtar tech- Cmp 1461. close abv 1480 will complete Cup and handle formation for tgts 1480+(1480-1160)=1800. Since ADX is not high on daily charts, better allocate 50% positions on trigger level and remaining positions if closing abv 1570(ATH). keeping SL at 20SMA dcb. Also chk volumes when there is a bollinger blast

mayank79

AU BANK- Close below 1050, will trigger fresh shorts for tgt 925-900. Stock down with big-big weekly volumes. Daily ADX and Negative DMI indicating good down trend for few days, while weekly ADX indicating high volatility. RSI ready for panic selling. May be some bad news coming. Upward price rejection twice on daily charts at 1120-1130, So will use this as SL

mayank79

astra micro-15yr weekly breakout on closing abv 200. cup and handle formation breakout abv 160 was seen, now its a multiyear breakout. depth of cup 178rs, tgt 200+178=378. weekly adx abv 30 shud provide good momentum & protection from downside. traders can keep sl of 150 on dcb

mayank79

abbott india- rounding bottom & flag and pole breakout on monthly charts. cmp 20000. immediate (1-3 mth) tgt of 23500 for rounding bottom pattern. positional tgt 30000 for f&p pattern keeps sl of 10% from ur buying levels as stop loss on daily closing basis. stock good buy and hold purpose. avoid trading

mayank79

SECURKLOUD- FLAG AND POLE BREAKOUT-WEEKLY CHARTS. POLE SIZE Rs 95, breakout level 130+95=tgt 225, ] Weekly resistance at 205, so tgt range 205-225. Likely time duration 5-6 weeks. Strong ADX, SL 104 WCB. BOLLINGER BLAST WITH GOOD VOLUMES

mayank79

One can look around buying GUFIC BIO ROUNDING BOTTOM & FLAG N POLE FORMATION, BOLLINGER BLAST WITH RISING VOLUMES GIVES A TGT-1 OF 250 AND TGT-2 OF RS 300. TIME FRAME 2-3 MONTHS, SL 190 DCB. BUY RANGE 210-220..cmp 217 dt 16/8/21. Since ADX (daily)is not above 25, one shud use buy on dips strategy

mayank79

PML has given Flag and pole breakout on weekly charts. Ideal time horizon for tgt of Rs 500 should be 5-8 weeks, giving a potential upside of 35-40% from CMP 350-360. The stock seems to be a good investment bet and can be accumulated between 325-350 levels. The setup will be invalid if it closes below 280 DCB. Permanent Magnets is one of the flagship Companies...

mayank79

cnxpsubank index @2240 clearly making cup& handle pattern. Is the risk reward favorable to preempt the formation before breakout? Those who are seeking opportunity should give it a try. With entry point 2240 and stop loss at 1900 the reward seems to be 3600 which is 1:3. Seems to be best bet for next 3 months or so. Weekly positive DMI moving up again and...

mayank79

Dear all, As per chart Nifty has given Flag & pole and H&S breakdown on daily charts.RSI also depicting the same as it has shown in Feb-march 2020. Cautious road ahead, if history were to repeat itself. If the tgts of Flag & pole breakdown is the size of pole, then Pole size (11700-7500)=4200 pts down from brkdown level 11200 comes to (11200-4200)=7000 approx...