sabyasachi_nath

sabyasachi_nath

Nifty has a strong support at 21916 which has formed by the Gann Angle 1/1 support angle due to the low made by Nifty on 20th June 2022. If Nifty consolidates above the support tomorrow, then support will progressively rise, else tomorrow will be the short term bottom for consequent up-move. If this support breaks then the grand support which is at 21492, is...

sabyasachi_nath

The Gann angles drawn from the top which was formed on 10th August 2018 Graphite treaded under Gann influence of this resistance for the last six years. Today it has crossed the resistance when it closed above 650. If it manages to remain above this shadow for sometime, it may test a level of 940 by August 2024. 619 will be a good support till then.

sabyasachi_nath

Target 1060, support 850. Time frame: One month. Comment: Bullish

sabyasachi_nath

MHTIL is on a long term strong 4/1 support at 400 which is expected to hold in the short term. A good one year target will be 600.

sabyasachi_nath

A break out after 7 year consolidation and a Cup & Handle formation is seen. Looks like some up move is in the offing.

sabyasachi_nath

The fifth time may turn ot to be lucky. There were four times the scrip return from 8000 level. This time probably the break out will come.

sabyasachi_nath

Immediate support is at 92 and the resistance is seen at 114.50. Bull run continues after golden cross over.

sabyasachi_nath

Elliot wave impulse (1-2-3-4-5) and correction wave (A-B-C) is complete. Entry at this level is envisaged with a support around 760. First target is 1080 and intermediate target is 2080. Long term target will be 4200 or above.

sabyasachi_nath

Support is around 4850 level. Golden crossover may occur in a short while. Once this occurs, target will be at the minimum of 6000. Time frame: 6 to 9 months.

sabyasachi_nath

1. The scrip has come out of the influence of the Gann descending Fan shadow formed due to the top made on 19th Oct 2021 at 5145 by end of July 2023 and is now free from its bearish influence 2. Golden cross over (200 SMA X 50 SMA) happened in early March '23 at price band of 3200 would have been a vantage entry point. True to its promise it has already made a...

sabyasachi_nath

Just stopped at 4/1 descending resistance line. If now it is crossed and golden cross over takes place, in intermediate term 525 can be the target.

sabyasachi_nath

It has got all the ingredients for good up move. It has made golden cross over at 37, out of the strongest bearish shadow formed due to the previous high and has crossed the strongest ascending resistance line which has turned into a strong support. Hold on with a support at 44.

sabyasachi_nath

On Thursday IRFC crossed the long-term 1X1 line with good volume implying bullishness and on Friday it tried to cross the short-term bullish 1 x 3 line. Now it is on the verge of crossing 1 x 3 line which possibly may occur on Monday. If it is able to remain bullish for a couple of days the next target could be 56 in this month

sabyasachi_nath

Bigbloc is treading above bullish 1/1 line consistently implying overall bullishness. Support is seen around 140 level and if it sustains bullishness we can have a target of about 280 over medium term.

sabyasachi_nath

EIL bounced from the 2/1 resistance line and if it can cross 160-165 range and remains above 2/1 line for a couple of days, it will break out. Downside will be limited to 120-125 level.

sabyasachi_nath

Another golden cross over (happened in June end) scrip with a support around 750 and may go up to 850 by mid October '23

sabyasachi_nath

Intellect Design has seen a golden cross over in mid June 2022 and is considered to be bullish. Presently it is plying around 1/1 support line from its recent bottom. Current support is at 650 and deep support at 607 while the resistance points are at 725 and 845.

sabyasachi_nath

Gabriel India seems to have touched upper ceiling of the channel shown in the chart. Unless it breaks the channel, there are chances that it will go down to say, 210 level where it will find 2/1 angle support. There is a deep support at the bottom of the channel at 165, which not likely to be seen. 150/ 200 sma have touched now and the stock is likely to see some...