raghavendrakumart

raghavendrakumart

Clean 5 wave decline. RSI and MACD positive divergences in day timeframe

raghavendrakumart

Clean trendlines and charts 5th of the uptrend on its way. Ascending triangle in week TF .

raghavendrakumart

Price sideways for past 2+ years..Breakout above 2750, breakdown below 2400 to 1800 approx.

raghavendrakumart

Clean monthly chart - Price sandwiched between long term trendlines MACD neutral - triggering buy

raghavendrakumart Updated 

A clean A-B-C structure A clean 5 wave sub-wave structure in C A falling wedge Positive divergence in RSI ( 9 and 14 period ) Positive divergence in MACD ( Fast and Slow ) Positive divergence in Slow Stochastics Bearish below 225 on weekly closing basis.

raghavendrakumart

A long term triple zig zag correction in Sunpharma is coming to an end after a 30 month correction. Investment range from 450 to 380 levels. Last zig zag is forming a falling wedge. RSI is below 30 levels in month timeframe...testing this level 1st time in stock history. EW potential is larger 2nd... Below 435, potential for price to go an outer extent of 380...

raghavendrakumart

1. Clear A-B-C fall in formation. 2. Clear 5 waves fall in formation in the C wave. Referring to weekly and day chart. 3. Positive divergence in RSI ( 9 and 14 period ). MACD ( slow and fast ) 4. 62% retrace of the rise from 119 to 1263 is a 552. 5. Previous weekly consolidation zone in 609 to 487 ( expanded range ) 6. Month timeframe slow stoch in oversold zone....

raghavendrakumart Updated 

A sharp fall and then a corrective channeled rise. Staying below 600 next leg of the downtrend should start taking the price to 490 and lower.

raghavendrakumart Updated 

A chart which i have often shared since Dec 2016 lows on a projected path. Truly Nifty went along the path and now is on the verge of completing the 1st of the Larger 3rd...and then embark on a time consuming 2nd wave correction. SL = Monthly close above 10250.

raghavendrakumart

A sharp rise from 1036 to 1170 and since then a broad sideways consolidation. Awaiting breakout / breakdown. As the consolidation is happening after rise...expecting breakout as long as price holds 1130 on day closing basis.

raghavendrakumart

Plotted different trendline on Month timeframe to show the struggle. Holding 515 aggressively OR 475 conservatively on closing basis, expect breakout else a breakdown.

raghavendrakumart

Labels in Red are bearish view. Labels in Green are Bullish view. A contracting triangle in play..either as larger 2nd in green OR b of B of ongoing correction. Either ways...either c of the B ( red ) OR 3rd of Green should un-ravel once the trendlines are broken on upside. Stoploss = 2 days closing below 2550.

raghavendrakumart

A long term chart of CNX Pharma Index. Light at the end of the tunnel after a 26 month ongoing correction. Likely in its last leg of the "shakeout" bulls fall.....after which either a strong corrective rally OR even a larger reversal. time to start focusing on select pharma stocks to start SIP for long term invesment gains.

raghavendrakumart

In its 21st week ( Fibonacci number ) of the rally from the lows of 7893...along with a 5 wave rise in Day TF...+ Developing shooting star candlestick pattern..calls for an aggressive sell in Nifty. Attached is a long term chart of Nifty which was shared in December / Jan with a breakout scenario. Reposting the same chart to ensure continuity and have only 1...

raghavendrakumart Updated 

Seemingly from the highs a complex A-B-C correction is about to end with a ending diagonal in 5th of C + Positive divergence in Day timeframe in RSI and MACD indicators. Aggressively holding above 2540 on day closing basis..expect a strong rally as part of larger correction OR embark on a journey to new life highs as 5th UP in larger timeframe

raghavendrakumart

A clean chart...with a nested 1-2-i-ii. If price can hold 58 on day closing basis..expect the 3.3 of unravel. Please keep the above mentioned stoploss absolutely sacrosanct.

raghavendrakumart

A clean 5 wave decline in day TF and 4 Hr TF along with RSI, MACD positive divergence + breaking out of a falling wedge. Above the cloud - uptrend resumes in day TF. Larger TF : 5 wave decline ( Part A of the correction ) in week TF from highs and then a corrective upmove to the fall from highs. Likely c ( 5 wave ) of B has ended ...if the next uptrend form...

raghavendrakumart Updated 

A descending triangle in progress in day timeframe awaiting range expansion to up OR down. Breakdown below 435, breakout of the triangle above 460.