rohitkaran

rohitkaran

NIFTY has formed a bearish AB=CD at the trendline resistance. Time to be a little cautious.

rohitkaran

Look for dips to 345-350 for a move towards 375-380

rohitkaran

Stay long with 625 stop for a move past 720

rohitkaran

Banknifty is consolidating in a diamond pattern. This pattern may lead to either reversal or continuation. Breakout/breakdown levels are mentioned in the chart.

rohitkaran

Trendline resistance at 23150. Break above can test 24000

rohitkaran

short Indigo for a target 1150. There is a short AB=CD on the stock and we can see some bearishness in the stock going ahead

rohitkaran Updated 

Dow can retest 28600 with a stop below 20860. The base line of ichimoku will be flat for another 11 hours unless Dow makes a new low. watch out for the breakout from the triangle pattern

rohitkaran

short on a close under 104 for a move towards 92

rohitkaran

Look out for a break under 11430.

rohitkaran

Banknifty may target 22800 post this breakdown. Keeping a stop at 23700

rohitkaran Updated 

Bullish AB=CD on ULTRATECH. Look for reversal at 3870-3880 for a move back to 4000

rohitkaran Updated 

Inverse head and shoulders developing on Axis bank. neckline at 447. Long above 447 for a move to 475

rohitkaran Updated 

Multiple AB=CD patterns here. 22800-22900 should act as a strong reversal zone for 22300-22000-21800. Trade at your risk

rohitkaran

Short Reliance below 2070 for a move to 1980.

rohitkaran Updated 

An update of the chart shared earlier. Looking for reversal around 21900-22000. Disclaimer - Elliot waves are quiet subjective and not a trading system. Structure can change based on moves and sub-moves

rohitkaran

Bearish flag + 61% retracement + overbought MACD = good R:R for shorts

rohitkaran

Elliot waves on Bank Nifty Hourly charts suggests that possibly we have ended the C wave and likely to resume downside from here on. MACD also on the verge of turning negative. However Elliot wave structure can change on how the moves take place and how the internals shape up. Please check your own charts and act accordingly keeping your risk appetite in mind

rohitkaran Updated 

A bearish AB=CD harmonic has developed on HDFC hourly. Looking for targets of around 1800 with stop at 1845, CMP at 1835.