mklives

mklives Updated 

BANK NIFTY might be forming a possible Head and Shoulders at the highs. with results season and budget ahead, its very dicy. NIFTY formed a new high but bank nifty failed to so

mklives

Reliance couldnt cross the life highs even on good results and fell after the gapup.. looks like triple top consdiering the move today.. todays high is the most important level i dont see any other trigger for it break above the life highs for a while unless the budget is gung ho, which i don't think it will be. short on any rise towards todays highs.. with SL as...

mklives Updated 

BASF has formed a good base around 940 and with psotitive diverging RSI rising its a good bet to buy at cmp and add on dips. this can be a good long term investment also first target 1180 . can come in very quickly and midterm target 1380 1400

mklives

DLF showing negative divergence in short term.. can test 250 240 down the line..

mklives

NIFTY is at 1.618 fib extension of the pop it ad during the corporate tax and also close to the trendline resistance from the previous 2 highs. with results season starting and budget ahead, expect volatilty ahead better to rade midcaps which are flying around..

mklives Updated 

IGL has been a strong stock.. and has reached 1.618 extension. weekly close below 426 can trigger a correction..

mklives

SUNPHARMA is nearing its long term trendline resistance. its been relatively stronger in the market fall the last 2 days.. something to keep an eye on..

mklives Updated 

Manappuram formed a dark cloud over few days back and then tried crossing the level but couldnt. and today forms more or less a bearish engulfing candle. buy above 180 for 185 188 190 or short below todays low.. for 172 170

mklives Updated 

after a good move DLF has been inching up with some negative divergence and has closed at the top of the channel with a spinning top. long above todays high, short below todays low

mklives Updated 

BANK Nifty nearing the 1.618 extension of the pop from the corporate tax cut date also it is reaching 2.618 extension of the corrective move from jan 2015 to feb 2016

mklives Updated 

BERGER PAINTS has hit long term fibo resistance.. time for serious correction..

mklives Updated 

looks ike the mega upmove in ICICI BANK will get some correction below 536 close..

mklives

NIFTY forms a triple top around 12288 zones and has gapped down below the rising trendline it was respecting expecting a top to have formed for now . now it is a sell on rise for nifty..

mklives Updated 

Bajaj Finserv looks like it is exhausted at the top and looks a repeat of the similar setup.. also on the the rising wedge is narrowing..

mklives

Bajaj Finserv is forming a rising move and is close to hitting 1.618 extension. look for the move to pause around that area and see a correction..

mklives

NIfty is close an importnace of 1.618 extension of the move from the day of corporate tax cut.. if it can break above will become highly bullish with the result season approaching , can the largecap results and budget ahead propel it above it and sustain? time will tell

mklives

ICICI BANK finally showing some weakness, it had broken the daily trendline and also has retsted it today and closed in red. looks like it also has formed Dark Cloud Cover pattern.( if anyone can confirm). if yes, its a good time to short, expecting to test 20 dma and daily kijun. Also RSI is showing some negative divergence but not something ominous

mklives Updated 

Nifty has formed a bearish engulfing candle on daily charts.. today's down move was mainly due to reliance looks like stock rotations for correction is taking place.where one goes down other hold the nifty u..