merushi22

merushi22

After a consolidation between 230-260 level price is breaking out of it. I am expecting more 18% to 20% appreciation in stock price in short term. Stock is also moving towards its life time high mark. Next key level to watch is @276. This is for educational purpose only take action as per your risk understanding.

merushi22

After a consolidation between 230-260 range finally stock is trying to come out of it. Stock is moving towards its life time high @276. As stock is breaking out of consolidation I am expecting more 18% to 20% appreciation in price in short term. This is for educational purpose only take action as per your risk understanding.

merushi22

As you know we are one of the best and attractive market in the world. Nifty chart pattern is showing that we should be in the list of bests. After making its lifetime high @10137.85 Nifty corrected approx 500 points and found support at its previous resistance area which is between 9700-9730. From this area of support Nifty started moving towards its major trend....

merushi22

After listing stock showed some losses to its shareholder in initial period. But after making its low @271 stock price double in nine months. After making its all time high stock price retrace approx 40% nicely to its support area. Looks like stock has completed its correction and shifting its pattern 'lower low lower high to higher high higher low'. I am looking...

merushi22

One of the best stock in banking sector for trading and also for portfolio permanent membership as per my reading about stock movement and managements future projection. Stock is in nice up trend which has started from 600 level. Stock is trading in a narrow range after breaking out of its three digit mark. After making its life time high stock price has retrace...

merushi22

After a handsome run of 300 points stock price was consolidating towards down side. After testing its support area (490-500) many times and one failure towards breakdown price is now breaking out of its falling trend line. So we are already long on the stock when price first time indicate false breakdown and now we are adding some more to our account. We are...

merushi22

Stock is in nice up trend and trading near its resistance area which is at 185-189. This is fourth time stock has come to test this resistance zone. If price manage to clear this zone of resistance with good volume then we are open for more 20 to 25% up side in price.....Keep watching and stay invested. HAPPY TRADING....

merushi22

Stock found support near price cluster and symmetry between (625-635) and triggered on lower time frame. We took long position with the Stop Loss of 620 for the above three targets.

merushi22

Stock rallied sharply towards 1600 level but I found some interesting price cluster area between 1630-1660 from where price may resume its up move . If it holds this area and gives sell trigger one can look for short position for bigger targets.

merushi22

Stock rallied sharply towards 1600 level. After this sharp rally I found resistance area which is between 1630-1660 from where price may resume its uptrend. Let the price test this area and if it holds and gives sell trigger one can look for bigger targets.

merushi22

I am seeing some buying at current level where I also found fib ratio cluster. Also stock trading at lower bottom of upward channel. One can look for a buy with minimum risk.

merushi22

Stock shows nice bounce back from support area and pulling back for retesting. As long as stock hold this support area we are on for the trgt of 464. price action is good as its starts trading above RSI 40 level.

merushi22

Stock is trading near 200DMA where I found Fib price cluster area from where bulls are getting active. As long as stock hold this area we can see a new high very soon. But RSI is trading below 40 level which indicates weakness in price. Do not jump and buy wait for a strong conformation.

merushi22

Stock is trading between support and resistance area. Seems like their is a fight between this two important zone.

merushi22

More than five Fib ratios are overlapping each other in very tight range which may act as a strong support area. Initially stock shows some positive movement from this level and came back to retest. As long as stock hold this level we can go for long to see 600 level very soon.

merushi22

After forming a double bottom at 55 level stock gives a massive rally of Rs.20. From that double bottom to its recent high stock has retrace 61.8% where other fib ratios are also overlapping each other which shows a strong support area between 67-68.50 . If this support area is important than above coming resistances then we are on for the targets of 89 & 95.

merushi22

Seems like everything is about to shoot up.....

merushi22

Stock is trading near 200DMA where we got nice Fib ratio cluster area 435-455. Cluster area is of Rs.20 so let the stock show some reversal first and wait for buying trigger according to your trading plan.