mdparmar23

mdparmar23

Markminarvini t2 VCP formation Strong RS very high volume with High delivery. Fundamental trigger: Divestment of the 4-Wheeler Lighting business in the Americas and Europe”. which was resulting company will be cash surplus from net debt of 4047

mdparmar23

Height of Pole - 76 Pattern BO at 83, also confirm peak Volume Price BO with higher volume of previous peak volume. Resistance at previous ATH of 110, As per pattern projected Target is 83+76=159 I ma not SEBI registered, It is presented for learning purpose so consult financial adviser

mdparmar23

Stock has formed Cup & Handle pattern over 4 year 3 month long period. Stock running with continuous Darvas formation. Volume is excellent during up move. Now its broken out and crossed it All time High with high volume. Looking all this this can move to level of 385-400 over period of 6-9 month

mdparmar23

T-76 and 145 in long term

mdparmar23

From low of 134.6 to high 209.4 taken 70 bar, From 209.4 retracement of 0.618% 163.35 taken 89 bar. From 163.35 to high 239.2 again taken 70 bar and retraced only 0.5% taken 24 bar up to 201.6 and started up move. Now if it taken out 239.2 in less then 24 day from low of 201.6 then it will confirm faster retracement and authenticate bullish BO that can go to...

mdparmar23 Updated 

RSI history of KEC is very reliable. If look at monthly chart up move started from low of 23-24 in 2012 and made high near 440 in Feb 2018. After that correction started and made low of 154 and at there its formed bullish reversal pattern of hammer on monthly time frame. Also correction halted at 0.618 fib level of 183 0n closing basis. Now breakout above 350...

mdparmar23 Updated 

RS positive and consolidation happen since last 17 sessions. can move any time. Dimond pattern at bottom

mdparmar23 Updated 

One can watch Adani enterprises above 307, ARS 0.28 and SRS 0.68. Bulls batted for 28 bar, 40 day, 173 point 119 % and bear in action for 20 bar, 28 day, 66 poin and 20.5% only. In this action of bear it has formed Pole and Flag pattern. Flag breakout above 296-97. Minor Resistance at 307. Crossing this it will move very fast. Daily RSI 64, Weekly RSI 76.5 and...

mdparmar23 Updated 

After Breakout above 77 it went up to 97 and started consolidation. During panic selling on 21st and 22nd December retested its earlier breakout level and reversed sharply. Bullish reversal hammer formation on daily chart on 22nd December. On weekly basis made hammer. Next week candle closed above previous week candle head. Looking this this move can go up to...

mdparmar23

There is possibility that it can try to fill gap and protect 55 ema level which is also 0.618 Fib. retracement value(14300) of last up move from 13596 to 15431 and gap support. Gap support, Fib retracement and 55 EMA all three are coincide at same level. 2nd possibility - If gap down opening bellow 14340-50 in this week, it will create cluster island. Logical...

mdparmar23

Close above 180 by this month end polarity will change and will march to 303 non stop

mdparmar23

After Breakout of Inverse H & S or cup pattern, Made Pole (Height 380 point) and went in consolidation. It is in process of formation of Flag. In panic selling its made low of 437 and reversed with hammer pattern at crucial level of Fibonacci golden number 0.618 which is 449 on closing basis. Now it is verge on flag breakout. Keep it in radar. If it breakout its...

mdparmar23

Pole and rising flag pattern formation, close above 96.5 and above that 100 on weekly basis will move to 120.

mdparmar23 Updated 

Trend line breakout on long term daily, weekly and monthly, also break out of rising flag and pole on daily chart

mdparmar23

On long term chart it has formed rounding bottom in between of 155 t0 338 and formed triple top of 338-337. If cross 338 will generate momentum and target of rs 550 approx can be achieved in medium term.