mklives

mklives

Bajaj Finance, which fell from 3750 levels to 3000 like a waterfall had a strong bounce on friday of 7% that took it to .382% retracement fib level. if it manages to cross and hold can test 0.5 retracement of 3380 which can act as a tough resistance to cross in the first go. 3380 and 3465 are 0.5 and 0.618 fibo retracement levels which can act as strong...

mklives Updated 

Torrent Power .. one of the strongest stocks which never fell in this market carnage.. though it has been holding up.. it failed to get past 312 313 zone multiple times and rsi is forming lwer highs sell at cmp or any rebound with SL 313 on clsoing basis for target 300 and below..

mklives

SRF is at 100 dma support. any break below can see quicker fall to 200 dma. considering the weakness of the market i expect a breakdown soon. please keep an eye on results day when trading..

mklives Updated 

Strides has broken head and shoulders pattern and in turn is below all moving avgs in all times. and closed at 341 where it had made 3 bottoms in may 2018 extremely weak stock which can go into a free fall mode to 250 280 levels ..

mklives

LUPIN on the monthly chart is at critical support which was formed on march 2018 currently the stock is weak and looking to break the support...any break below can trigger another big sell off..

mklives

BANK NIFTY is breaking trendlines and moving avgs without any bounce is a serious worry which indicated no buying is coming to help for a bounce. rsi entering into the oversold region but also trigger a faster downmove to the 200 dma.

mklives Updated 

HDFC has been pretty resilient even in the NIFTY carnage.. looks like it is reaching a short term top an moving in a rising wedge. any break out of the wedge can see a decent correction..

mklives

HDFC BANK had a gap down today and never recovered suggesting weakness and also has closed below 100 dma. but has closed near trendline support of the rising trendline of the rally fom october 2018.. break below the trendline can take it to 200 dma in time.. use pullbacks to sell around the fgap formed today with HDFC Bank becoming weak, expecting bank nifty and...

mklives

NIFTY on the log scale has trendline support as shown, if broken the long term upmove might negated for some time to come

mklives

Bank Nifty is nearing very strong support zones.. cluster of short and long tem trendlines convergence.. although it can have a minor correction and can resume the uptrend sometime soon..

mklives

BANK NIFTY.. double top.. at support Stuck between 20 and 50 dma Negative Divergence...

mklives

NIfty is most probably forming a bear flag and can break down to lower levels. on daily chart it is holding 100 dma but very weak.. longs should be avoided. tradingstrategyguides.com

mklives Updated 

Kajaria Has broken the trendline of the move it had from 300s. and formed a top with negative divergence. looks weak. with 20 dma crossing below 55 dma and about to cross below 100 dma. can be sold at CMP fpr 550 target or on rise with resistance at 55 dma. below 550 can test 200 dma..

mklives

BANK NIFTY.. double top..negative divergence..at 50 dma..

mklives

CANFIN homes is trendling up on a upward trendline. but is at strong weekly resistance it has weekly 100 MA and weekly trendline as strong resistances. any break below the rising trendline can have a serious correction.. avoid longs..

mklives

SBI may have formed dark cloud cover on daily chart.. confirmation will be after tomorrows candle. todays high will be crucial levels..

mklives

Nifty is forming negative divergence on weekly charts.. and unable to sustain at 12000 levels.. expecting further correction..

mklives

HDFC is resting on the trendline.. a close below can trigger downside..