satheeshSelvisubramanian

satheeshSelvisubramanian

Current Situation: 1) Took a support @0.5 level of FIB(16747.70- 18887.60) 2) Double Bottom Formation 3) MACD Cross Over Along with histogram in positive territory 4) Parallel channel Support Current Trend-- Upward Parallel channel What to Except: Once it breaks trend line , we can except target of 19k (until it breaks Parallel channel in Down side)

satheeshSelvisubramanian

Current Pattern: Triangle pattern --Near top of pattern if it breaks next level of resistance around 1583,which is 0.618 level of Fib Level Indicator: RSI --took a support from the trend line and above the 50 level MACD- cross over the mid line and MACD line is above the signal line

satheeshSelvisubramanian

Currently Nifty at top of parallel channel and 0.618 level of FIB

satheeshSelvisubramanian

Current Pattern: 1) It clearly shows Nifty forms M Pattern Structure 2) Currently it took a resistance around 0.5 level of Fib 3) Since M structure broken we can see down move of 755 point from bottom of M structure Target: So Target would be around 16450( which is 1.236 level of FIB)

satheeshSelvisubramanian

Financial Analysis: 1) Debt free company 2) Higher PE Ratio compare to other IT company 3) OPM Higher than other company 4) ROCE more than 40% 5) Cash Rich Company 6) Operating Expense increase will leads to shrink in Gross Margin(even though revenue increase). 7) if revenue and gross margin get shrink in upcoming Quarter definitely TCS will touch 2073 by end of...

satheeshSelvisubramanian

Current Trend: 1) Top of parallel channel 2) Triple Top 3) Resistance Zone 4) 0.854 level of Fib Oi too conforms Max call option writes at 2700 and max pain @2700 Target:2530 As per Oi and technical analysis , one can sold call option above 2720

satheeshSelvisubramanian

Economic Factor: 1)Liquidity factor overperforms Indian market comparing to world market 2) But now quantitate tightening happening all over the world, which leads to fall. Bull Market: 1) if we are consider in Bull market, Mostly all Bull market rally at least retrace 0.382 level(History tends to repeat). 2) so , it has high possibilty to touch 14300...

satheeshSelvisubramanian

Current pattern -Parallel Channel Impulse Wave Completed (Wave E =1.618 of Wave D (near by)) unable to close above the Trend line for past three times Correction Wave Started (This pattern valid until BN traded below 41840 level) Long Term View: As per my assumption BN will touch 21000 level in future Reason: Three point support 1) Trend line Support 2) Fib...

satheeshSelvisubramanian

Current Pattern: Parallel channel Previous Analysis: As mentioned on previous analysis Nifty breaks the trend line and currently took close near to parallel channel and Fib level of support Currently Nifty took a support at Trend line +Support Zone if it broke the current level .. immediate target 17514 and 16892(0.5 level of Fib)

satheeshSelvisubramanian

Fundamental Analysis: 1) Segment - Zinc- lead mining and smelting 2) PE -11.1 3) Debt to Equity - 0.08(Promoter pledged 85% of share) 4) ROE -28 5) Sales Doubles in last three years Trend: unable to close( monthly TF) above the previous swing high ( lot of rejection) Rejection from level of 1.236 level of FIB. Two possibility from this level option 1: Since it...

satheeshSelvisubramanian

It look a resistance 1) at top of parallel channel 2) 0.854 level of FIB 3) Resistance Zone once this Support Zone is broken , can except 2380 as next level of support

satheeshSelvisubramanian

Nifty took a support at 0.85 level and triple top + Trend line resistance Fib level - 18604.45 to 15183.4 Currently -Nifty took a support at Trend line +Support Zone If Nifty broke this Trend line ..Next level of support around 0.382 level of Fib 17300 around

satheeshSelvisubramanian

1) Wave 5 took a resistance at 1.236 level of wave 4 2)Printed pin bar at Fib resistance 3) Top of parallel channel so we can conclude high possibility for reversal(impulse wave completed) Target: Correction wave Started with Target of 435(0.5 level of Fib - long term )

satheeshSelvisubramanian

Fundamental Analysis: 1) P/E - 4.80 2) Debut to Equity -0.1 3) ROCE-37.1% 4) Company has delivered good profit growth of 29.4% CAGR over last 5 years 5) Company has been maintaining a healthy dividend payout of 42.4% 6) EPS -32

satheeshSelvisubramanian

1) currently in top of parallel channel we can even call this as an Double Top 2) It tried to break 0.786 level of Fib but failed Due to physiological Resistance at 40k 3) OI data too confirm 40k has high call writing..so 4o k will have stiff resistance

satheeshSelvisubramanian

1) Currently it trading near to Trend line support 2) for last three times it not able to close above 0.236 level (1037) so taking bearish view on this . 3) if Voltas breaks this Trend Support line it has first level of support @912 and then it that to broken we can next support @733.

satheeshSelvisubramanian

1) Uptrend consolidation move in parallel channel from 1th sept 2) Currently at top of parallel channel 3) if it move above 17678 it has more potential to move higher and it can move above 18000 if it continues

satheeshSelvisubramanian

1)Exide moving in parallel channel form dec 2020 2) if it breaks on upside more like correction wave is completed and wave C of impulsive is kick off from that level 3)Currently it trading near the top of trend line option 1: if it breaks with huge momentum it has potential to move to level of 214 option 2 : if it close below 156 in weekly TF more likely it...