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pradipandsuvra

NSE:ANANTRAJ is a perfect Swing Trading opportunity as of now. The chart patten has the following features: It is in an upward trending channel, shown as blue channel in the picture Current price-action is in the upper half of the upward channel. The price-action can be viewed as a Cup and Handle patten also, shown as green color curves with a blue...

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NSE:GATI I am seeing few interesting observations: It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020. Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date. It can be viewed as a Pole-and-Flag also, where the price action moves up...

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Route Mobile: Symmetrical triangle formation (shown as bold green and red lines) The current price is in consolidation zone (shown as the violet color rectangular box). So one has to wait for the rectagular box breakout with volume at the price level of 1442. SL is the box's low: 1320. Upside target can be 1480.

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There are two ways one can see the NSE:LAURUSLABS counter: It has created a W pattern and the neck line is at 530-532 level. An inverted Head&Shoulder patten is created with neck at 510 level. So potentially if it stays above 532, can be go Long with the SL of today's Low 517. But if it fails to sustain above 530 level, it will simply fall upto 510 level.

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Very Interesting. Sort of (heterodox) Elliot Wave (sic). Just plot in in Daily chart. What you see: 4 triangles - in the order of smaller highest medium smaller height (noted in the green flags). Lets call it our Elliot Waves 12345-ABC. (The green flags are motive peaks and reds are corrective trough. After that there is a rounding bottom - shown as blue...

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Excellent and encouraging chart formation in Daily timeframe. Look at it: The chart is now breaking out (and in retesting mode) of the long term falling trendline (red color) The solid long term supports one can see first 2156, then 2050 level. Higher side: 2400, 2700. Keep SL of 2150. CMP: 2260

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We are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib. Here are our observations: We are actually in the corrective A,B,C phase of wave formation. The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C. The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of...

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Many reasons: Inverted Head & Shoulder breakout with Very High volume surge. Ascending triangle pattern breakout. Strong Buy with a SL of 900 for a target of 1000.

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After 4 bullish candles, there is a bearish candle. But today's green candle formation creates a nice Bullish Tweezer Patten with considerable volume. It is also broken a resistance level of 124. Buy above 125.50 with a SL of 123 for a target of 130.

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It's a W pattern formation. Followed by the price is consolidating around the neckline trendline. Today a smallish green candle formed out of the consolidation zone, breaking above a falling trendline. Keep an watch.

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Consolidation. Can potentially be a swing trade opportunity in both the sides. In either of the consolidation range breakout, it can follow through in that direction.

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Cup & Handle formation is ongoing. Can be a potential breakout candidate. Volume is also picked up. SL: 160.

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Descending Triangle bottle level is challenged. If it trades below the 630 level then it's a potential short candidate. Volume needs to accompany. SL: 675

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Parag Milk Foods (Keep in your watchlist): 1. A steep ascending triangle pattern formation. 2. Going through the consolidation phase around a long term resistance of 125. Breakout above 130 will ensure upmove. SL: 120.

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Not yet break-out happens. But keep a note of this stock once it breaks above the consolidation zone. A 7 months rounding bottom formation. followed by a few days of consolidation. Two possibilities: 1. Either will give a breakout. 2. Retrace -> create a Cup-and-Handle . Keep an watch.

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Note: Weekly Chart: - Rounding Bottom formation completed with 11 months time horizon (blue arch) - Convincingly above long term (3 yrs) downtrend line. (blue solid line) - Cum. Vol delta is positive and in uptrend for last few weeks (below plot) - In a fresh motive Wave-1 in Elliot Wave since July (purple). With a SL of 1150, one can long. For safe trader can...

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Nifty Daily creates a negative divergence on 13th Sept, where price attains a HH without RSI follows it (see the brown circles in price/RSI). Per common wisdom, negative divergence needs to correct below the previous swing low (29th Aug @ ~17200) to correct the divergence. Now how far? Well the next Fib support is at golden ratio ~17000. Just empirical -...

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Bearish sign: 1. At the strong resistance level of 680 (which incidentally has 7.2 lakhs Calls written), a copy book Evening Star bearish pattern appears. 2. The COI (cumulative open interest) is reducing. 3. In OI chart, lots of PUTs are unwounded in the immediate support level of 650 (1.2 lakhs PUT unwounded). Only concern is: Volume does not pick up. RR: 1:1