mklives

mklives

NESTLE on weekly chrts showing clear negative divergence. daily charts looks weak.. reference helpful for long term investors

mklives Updated 

NIFTY faced resistance at the trendline connecting the origin of the fall and the island reversal candle. it also has formed a head and shoulder breakdown you can say. today's rally had no attempt of recovery. expecting more weakness tomorrow as the momentum of today can spill over tomorrow 8750 and 8800 is a support. if broken can fill the gap at 8100s. Short on...

mklives

buy above the zone. sell below the zone. zone marked by dotted lines :)

mklives Updated 

PVR is forming psitive divergence. buy with 880 as SL trgt 1000 1050 volatile stock. be cautious CMP 915 cash trade

mklives Updated 

IGL has most likely forming a gravestone doji or an evening star pattern on weekly charts. weekly close below 458 will be bearish for the stock SL 500

mklives Updated 

ICICI PRU is inside a rising wedge and also is a larger triangle. either side break of larger triangle with determine trend. break of wedge downside can set in correction for short term.. resistance supports marked.. for reference

mklives Updated 

Reliance has formed a Gravestone Doji exactly at 2.618 fib extension from the lows any upside only above the days highs this is a bearish candle.. expecting 1540 1500 to start with.. SL todays highs. if gap up then ignore call

mklives

RELIANCE has hit 2.618 extension from the lows where the rally started from.. it can take a breather here and have a correction or sideways movement for a few days.

mklives

NASDAQ is moving perfectly within a rising wedge. there is a gap above which will act as a resistance.

mklives

NIFTY has broken the channel in which it was moving up also the gap due to island reversal level and the trendline from below will act as tough resistance unless a big trigger breaks it above. restest of gap is possible

mklives

NIFTY has been moving in a channel in the pullback after the big fall. looking for nifty to hold channel and go up..

mklives

HUL after its mammoth run for the last few years has formed triple negative divergence on monthly charts.

mklives

Reliance has been rejected at the 1495 mark again and negative divergence is seen in short term. resitance and support are shown with the dotted lines

mklives Updated 

LUPIN has for time being hs finished its mammoth move for the short term, as do most other pharma biggies expecting correction to 838 820. SL 875

mklives Updated 

AUBANK. buy with stop loss of todays low. target 635 650

mklives

SUNPHARMA.. on the monthly charts has formed strong candle (thought one more week to go) with high volumes. April 2020 candle engulfs last 16 months candle which is highly bullish it is still to cross its resistance trnedline on log chart as shown considering the reversal this month and its fall from life highs, looks like long term correction is over and looking...

mklives Updated 

DRREDDY has run up fastandtoo furious. expecting a cool off below the trendlines.. 3600 3700 can be achieved. SL todays high

mklives

NIFTY is moving inside a rising wedge or triangle as u can call it break below the wedge can take it down to the trendline of the previous two lows....