prakashgp

prakashgp

Crudeoil has reversed for a pullback. But on higher time frame, still looks bearish

prakashgp

Refer to chart for details

prakashgp Updated 

I don't find any reason to wait for shorting this stock. Everythig is bearish - Breakdown from long term trendline - Increasing volume - Weak close or no sign of strength at last support

prakashgp Updated 

This stock broken the long term trend very badly. The height of the structure it has broken is so big which results in target of 400-600 points. Find your entry carefully. Don't short straight away.

prakashgp Updated 

Note: this trade idea is risky and has low probability of success. This is my personal view

06:03

prakashgp

Gold is trading inside old range and rejected from multiple resistance zones. But major trend is still intact. Short term short opportunity and then looking for long in mentioned zone

prakashgp Updated 

BATAINDIA may see selloff soon. Because it is now it faced strong rejection from 4.236 extension levels of first accumulation zone which is level from which most stocks experience correction. One can look for short opportunities here

prakashgp

Silver has broken out of medium term trend (line) and done retesting as shown in 2nd chart If we short it now the target would be long term trendline shown in 3rd chart

prakashgp

The two levels act as resistance zone . This zone is confluence of Fib 50% retracement level, 200 ema , trendline retest/resistance, and a broken support level which turned into resistance (this level held nicely during last bullish breakout retest, so strong support turned into strong resistance)

prakashgp

Can be medium term investment with stop loss below today's low

prakashgp Updated 

Breaking out of multiple consolidations. short term target and stoploss mentioned in chart. long term it can go much higher

prakashgp Updated 

1) Unable to sustain above 200EMA and broke down 2) Retested and rejected again from 200EA 3) Multiple rejection patterns on lower time frame Its now offering very good risk to reward ration of 1:6

prakashgp Updated 

NIITTECH showing signs of weakness by forming descending triangle pattern (lower highs) near major fib extension level Possible target would be previous fib extension level where it continued uptrend (shown in chart with RR)

prakashgp

See history, once it reached 4.232 extension of breakout range it started consolidating and stuck in range for long time. Now its in same extension level of last breakout range

prakashgp Updated 

AJANTAPHARM was in long term downtrend and in process of reversal right now confirmed by breakout + retest of falling wedge. Now it is forming HnS pattern. Once it breaks out of Hns Pattern it can go up for long term. Current bullish market sentiment also supports this

prakashgp Updated 

Gold has rejected from top and broke down from upward trendline. Now in short term downtrend withing falling wedge Possible support zone mentioned in green box Sustaining above blue resistance level would invalidate the idea and make it bullish again

prakashgp

Crudeoil is at big support on 4 months chart and already started changing the trend Now It is breaking out of double bottom There is still more support zone below so, not sure if it will fall more, but i feel like it won't fall further as it is just below Make or break support level (marked in violet color) Its worth giving try on every reversal sign once price is...

prakashgp

Naturalgas showing signs of bottoming out. Now it seems like good buy for long term 1) Currently at multiple monlthly support near all time lows 2) Hovering near big capitulation wick 3) Now testing bottom yesterday's big bullish candle We will never get this kind of risk to reward anytime soon, if this works as expected