raghavendrakumart

raghavendrakumart Updated 

Contracting trendlines. Readying for a big move on either side.

raghavendrakumart Updated 

Ending diagonal - testing a private idea.

raghavendrakumart

I generally avoid looking at a chart < 4hr. TCS however is compelling from a "trading" perspective at current market price. Clean 5 wave decline + falling wedge + Positive divergence in RSI and MACD indicators + trendline support. No brainer to go long with SL = Hourly close below 2390. TCS was covered as a BUY in longer timeframe. Please refer to Links / related ideas

raghavendrakumart Updated 

A clean 2nd wave going on..after which a multi year 3rd should kick off..taking to significant higher highs.

raghavendrakumart Updated 

Another Wyckoff accumulation pattern. After 7, 8 steps..price should start trending up. Last Wyckoff in BN give a 3000+ point and ongoing trade. Link here -->

raghavendrakumart

A BIG rise from 60 odd levels to 200+ in Nifty front line stock coming to an end. After which a multi-week correction should set in. An ending diagonal in weekly time frame along with a Negative divergence in RSI and MACD indicators. Strategy is to sell on all rises between 202 to 212 with Stop loss = Weekly close above 222. Maruti also in a similar pattern.

raghavendrakumart

Primary view : A long term 5 wave completion --> Internals of the 5th are making a diagonal triangle pattern. Upper boundaries are from 6336 to 6425. Alternate view : 5th is sub-dividing with current in its 3rd of 5th. The next high above 6234 is a validation point to end the long term 5th and then set of a multi-year correction.

raghavendrakumart

Month timeframe chart shows a potential nested 3.3 move. A run away / break away weekly gap as well. Holding 1200 , price should rise in dynamic 3rd wave...for super gains.

raghavendrakumart Updated 

Trading view charts if from which was in the middle of 3rd wave. Longer timeframe charts from 2005 suggest that Wave 1 ended at April 206 at 295 and then a long multi year Wave 2 correction and then 3rd wave from March 2010 till 2015. Wave 4 correction for past 2 months and may have ended at 782. Price is just about 10% higher than Wave 4 lows. Potential 5th...

raghavendrakumart Updated 

1stly Apologies for long post. Would like to share how Nifty moved post the state election results since 2013 end. Own observation is that...the state election results act as turning point and make a move in the opposite direction of the trend. Covered Nifty broadening pattern in hr time with 2014 day TF example here...a case for breakout. Moved like a text...

raghavendrakumart Updated 

A broadening top is in formation. After further consolidation price should breakout from the middle of the broadening top. Upper and lower boundaries for broadening top are at 9005 and 8930 levels. Expecting a rise..and then a fall to mid point of the broadening top and then the breakout after the election result. Chart is similar to the formation in July to...

raghavendrakumart Updated 

A seemingly 5 wave decline OR alternate is a completion of Neowave diametric... with multiple bottoms at 900 levels. Strategy is to BUY into the stock with Stoploss = Weekly closing below 885. Weekly closing below 920 is a super buy...will sport clean + divergences in RSI and MACD indicators

raghavendrakumart

Follow up to original idea --> A clean 5 wave move from the low of 901 as Wave 1. Early start of an uptrend. Price is correcting as Wave 2 flat. Seen in hourly chart. A bullish engulfing candles on month timeframe for Feb along with a weekly trendline break. Likely to reward with a 20%+ kind of return over next 6 months to 1 year.

raghavendrakumart Updated 

Price is struggling with multiple trendlines. Last price action is encouraging with a faster retracement of the last fall. Major breakout above 71-72 levels. Sequence of supports from 65 - 58 ad 54.

raghavendrakumart

A long triangle for the past 8+ years. 3rd attempt at the breakout. Monthly close above 1140 will be the 1st signs. Patiently waiting for the BIG elephant to move.

raghavendrakumart Updated 

In line with the view shared in late december for a long.. () , a conservative sell near the upper arrow marked in red from the range of 8905 to 8945 levels. EW Labelling : Primary : 3.1 is completing - critical supports around 8700 and 8550 levels Alternate : Correction in a form of a triangle with D wave going on. Clean negative divergences in RSI 9, 14...

raghavendrakumart Updated 

Trend is firmly down in multiple timeframes. Due to oversold nature + Positive RSI divergence in week timeframe - expect a sharp 10 to 15% return in next 8 to 12 weeks. Multiple EW labels : Price is ending 3rd of some degree OR 3rd of C OR C of ABC fall. Irrespective of the EW labels, bounce should come. Nature of the rise will determine the label.

raghavendrakumart

A clean 5 wave either completed OR to be completed. Once this completes as A wave..then a multi month B wave corrective rise should come taking prices to 3100 to 3500 levels. A contrarian buy for a period of 1 year to reap returns of >25%+